Filing Flows › Openlane (OPLN) › Q1 2026
Openlane (OPLN) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 5, 2026
Openlane (OPLN) reported revenue of $528M for the first quarter 2026 (Q1 2026), +15% from a year earlier and +7% from the quarter before. Operating margin was 14.0%, net earnings $48.9M (9.3% of revenue).
Openlane, Q1 2026: revenue $528M (+15% year over year), operating margin 14.0%, net earnings $48.9M, operating cash flow $160M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $528M | +7% | +15% |
| Operating profit | $73.8M | +74% | +43% |
| Net earnings | $48.9M | -18% | +33% |
| Operating cash flow | $160M | +27% | +30% |
| Free cash flow | $146M | — | +32% |
What changed
Revenue was $527.9M in Q1 2026, up 15% year over year and up 7% from the previous quarter. Auction and Related Fees was the largest line at 46% of revenue. Auction and Related Fees added $42.9M year over year (up 22%), 63% of the total change. Finance revenue declined 2%.
Operating profit was $73.8M, a 14.0% margin (up 2.7 points year over year). Of the extra revenue versus Q1 2025, 33% reached operating profit, above the 11% margin then. Total costs grew 11% against revenue growth of 15%. The fastest-growing cost line was SG&A (+16%). Net earnings were $48.9M, up 33% year over year. The effective tax rate was 25.1%.
Operating cash flow was $159.6M (up 30% year over year), 326% of net earnings. Non-cash charges added back $22.9M of depreciation and amortization and $9.4M of share-based compensation. Working capital and other items added $78.4M. After purchases of property, equipment and computer software ($13.1M), free cash flow as the company reports it was $146.5M.
Questions
What was Openlane's revenue in the first quarter 2026?
Openlane (OPLN) reported revenue of $528M for the first quarter 2026 (Q1 2026), +15% from a year earlier and +7% from the quarter before.
Was Openlane profitable in the first quarter 2026?
Operating profit was $73.8M (14.0% of revenue) and net earnings $48.9M.
Source: Openlane 10-Q on SEC EDGAR.