Openlane Q2 FY26 net income rises 33% to $44.3 million; revenue increases 15% to $555 million

Openlane Q2 net income rose 33% year over year to $44.3 million as revenue increased 15% to $555 million.

Adjusted EBITDA, a non-GAAP measure, climbed 19% to $103.2 million.

GMV jumped 41% to about $10.5 billion; marketplace commercial vehicles sold rose 39% year over year.

Marketplace dealer vehicles sold grew 13% year over year, driven by 31% growth in U.S. dealer vehicles sold.

Openlane raised its 2026 non-GAAP adjusted EBITDA outlook to $385 million-$400 million.

The CEO cited an off-lease inflection and said additional investments are planned.