How OPENLANE makes money

Period

FY2025

How does OPENLANE make money? This Sankey traces every dollar of revenue through the income statement — into cost of revenue, R&D, SG&A, and taxes — and shows what's left as profit. Pick any fiscal year, recent quarter, or the trailing twelve months. Straight from SEC filings.

OPENLANE Inc. · FY2025 · year ended 2025-12-31

Revenue$1.9BGross profit$1.9B · 100%Cost of revenue$0 · 0%Operating income$197M · 10%Operating expenses$1.7B · 90%SG&A$445M · 23%Other opex$1.3B · 67%Net income$178M · 9%Income tax$15M · 1%Auction & Related Fees$834M · 43%Finance Revenue$434M · 22%Purchased Vehicle Sales$410M · 21%Saa S & Other Revenue$257M · 13%

Each fiscal year from SEC filings. Percentages are share of revenue, so the green profit nodes read directly as gross / operating / net margin. Line items a company doesn't break out are derived from their siblings so the flows balance; small residuals show as “Other.” For informational purposes only.