Consolidated Statements of Income - USD ($) $ in Millions	12 Months Ended
Consolidated Statements of Income - USD ($) $ in Millions	Dec. 31, 2025	Dec. 31, 2024	Dec. 31, 2023
Operating revenues
Operating revenues	$ 1,934.5	$ 1,788.5	$ 1,695.7
Operating expenses
Cost of services (exclusive of depreciation and amortization)	1,041.7	956.3	867.6
Finance interest expense	109.9	123.5	130.6
Provision for credit losses	42.4	54.3	59.2
Selling, general and administrative	445.2	408.6	421.8
Depreciation and amortization	91.7	95.2	101.5
Gain on sale of business	0.0	(31.6)	0.0
Loss on sale of property	7.0	0.0	0.0
Goodwill and other intangibles impairment	0.0	0.0	250.8
Total operating expenses	1,737.9	1,606.3	1,831.5
Operating profit (loss)	196.6	182.2	(135.8)
Interest expense	18.1	21.8	25.2
Other (income) expense, net	(13.7)	2.5	(15.6)
Loss on extinguishment of debt	0.0	0.0	1.1
Income (loss) from continuing operations before income taxes	192.2	157.9	(146.5)
Income taxes	14.5	48.0	8.3
Income (loss) from continuing operations	177.7	109.9	(154.8)
Income from discontinued operations, net of income taxes	0.0	0.0	0.7
Net income (loss)	177.7	109.9	(154.1)
Amounts from continuing operations attributable to common stockholders
Income (loss) from continuing operations	177.7	109.9	(154.8)
Series A Preferred Stock dividends (including deemed dividends)	(280.8)	(44.4)	(44.4)
Income from continuing operations attributable to participating securities	0.0	(16.3)	0.0
Income (loss) from continuing operations attributable to common stockholders	$ (103.1)	$ 49.2	$ (199.2)
Net income (loss) per share - basic
Income (loss) from continuing operations	$ (0.96)	$ 0.46	$ (1.83)
Income from discontinued operations	0	0	0.01
Net income (loss)	(0.96)	0.46	(1.82)
Net income (loss) per share - diluted
Income (loss) from continuing operations	(0.96)	0.45	(1.83)
Income from discontinued operations	0	0	0.01
Net income (loss)	$ (0.96)	$ 0.45	$ (1.82)
Auction and related fees
Operating revenues
Operating revenues	$ 833.5	$ 735.3	$ 635.3
SaaS and other revenue
Operating revenues
Operating revenues	257.1	295.1	379.7
Purchased vehicle sales
Operating revenues
Operating revenues	410.2	327.0	236.7
Finance revenue
Operating revenues
Operating revenues	$ 433.7	$ 431.1	$ 444.0

OPENLANE, Inc. 10-K