Openlane (OPLN) FY2024 results: revenue $1.8 billion, up 5.5% on the year
Openlane, Inc. (OPLN) reported revenue of $1.8 billion for fiscal 2024, the year ended 31 December 2024, up 5.5% on the year before. Net income was $110 million, and diluted earnings per share $0.45. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2025.
Revenue
$1.8 billion
+5.5% on the year
FY2017FY2024
Operating margin
10.2%
-8.0% a year earlier
FY2017FY2024
Net income
$110 million
FY2017FY2024
Diluted EPS
$0.45
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
291
235
-455
+23.8%
Capital expenditure
53.0
52.0
60.9
+1.9%
Free cash flow
238
183
-516
+30.0%
Free cash flow margin
13.3%
10.8%
-33.7%
Depreciation and amortisation
95.2
102
100
-6.2%
Share-based compensation
14.7
16.5
16.6
-10.9%
Buybacks
30.0
22.2
182
+35.1%
Dividends paid
n/a
n/a
0.0
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
109m
109m
116m
+0.1%
Shares outstanding at period end
107m
108m
109m
-1.1%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
1,343
1,327
1,518
+1.2%
Redeemable equity
612
612
612
0.0%
Debt
1,883
1,989
2,172
-5.3%
Operating lease liabilities
60.4
70.4
79.7
-14.2%
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
724
728
738
-0.5%
Total liabilities and equity
4,622
4,726
5,120
-2.2%
Fixed assets
149
170
124
-12.1%
Goodwill
1,223
1,271
1,464
-3.8%
Intangible assets
118
136
136
-13.5%
Cash and equivalents
143
93.5
226
+52.9%
Receivables
248
292
271
-14.9%
Other assets
2,741
2,764
2,899
-0.8%
Total assets
4,622
4,726
5,120
-2.2%
10-K for the year ended 31 December 2024, filed 20 February 2025: the filing.