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Side-by-side financial comparison of OPENLANE, Inc. (OPLN) and PROGRESS SOFTWARE CORP (PRGS). Click either name above to swap in a different company.

OPENLANE, Inc. is the larger business by last-quarter revenue ($494.3M vs $252.7M, roughly 2.0× PROGRESS SOFTWARE CORP). OPENLANE, Inc. runs the higher net margin — 12.0% vs 10.2%, a 1.8% gap on every dollar of revenue. On growth, PROGRESS SOFTWARE CORP posted the faster year-over-year revenue change (17.5% vs 8.6%). OPENLANE, Inc. produced more free cash flow last quarter ($110.8M vs $59.9M). Over the past eight quarters, PROGRESS SOFTWARE CORP's revenue compounded faster (17.0% CAGR vs 7.2%).

OPENLANE, Inc. operates a leading global digital wholesale automotive marketplace platform. It connects vehicle sellers including dealerships, fleet operators, financial institutions, and rental firms with qualified professional buyers, facilitating efficient, transparent transactions for used, off-lease, and repossessed vehicles across North America, Europe, and key global markets.

Progress Software Corporation develops and sells enterprise software products including application development platforms, data connectivity tools, and digital experience solutions. It serves global enterprise clients across finance, healthcare, manufacturing, retail and other sectors, helping organizations build scalable, high-performance business applications and streamline operational workflows.

OPLN vs PRGS — Head-to-Head

Bigger by revenue
OPLN
OPLN
2.0× larger
OPLN
$494.3M
$252.7M
PRGS
Growing faster (revenue YoY)
PRGS
PRGS
+8.9% gap
PRGS
17.5%
8.6%
OPLN
Higher net margin
OPLN
OPLN
1.8% more per $
OPLN
12.0%
10.2%
PRGS
More free cash flow
OPLN
OPLN
$50.9M more FCF
OPLN
$110.8M
$59.9M
PRGS
Faster 2-yr revenue CAGR
PRGS
PRGS
Annualised
PRGS
17.0%
7.2%
OPLN

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
OPLN
OPLN
PRGS
PRGS
Revenue
$494.3M
$252.7M
Net Profit
$59.5M
$25.7M
Gross Margin
81.6%
Operating Margin
8.6%
15.2%
Net Margin
12.0%
10.2%
Revenue YoY
8.6%
17.5%
Net Profit YoY
13.8%
2144.6%
EPS (diluted)
$-1.54
$0.59

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
OPLN
OPLN
PRGS
PRGS
Q4 25
$494.3M
$252.7M
Q3 25
$498.4M
$249.8M
Q2 25
$481.7M
$237.4M
Q1 25
$460.1M
$238.0M
Q4 24
$455.0M
$215.0M
Q3 24
$459.8M
$178.7M
Q2 24
$443.8M
$175.1M
Q1 24
$429.9M
$184.7M
Net Profit
OPLN
OPLN
PRGS
PRGS
Q4 25
$59.5M
$25.7M
Q3 25
$47.9M
$19.4M
Q2 25
$33.4M
$17.0M
Q1 25
$36.9M
$10.9M
Q4 24
$52.3M
$1.1M
Q3 24
$28.4M
$28.5M
Q2 24
$10.7M
$16.2M
Q1 24
$18.5M
$22.6M
Gross Margin
OPLN
OPLN
PRGS
PRGS
Q4 25
81.6%
Q3 25
81.0%
Q2 25
80.1%
Q1 25
80.6%
Q4 24
83.0%
Q3 24
83.7%
Q2 24
81.7%
Q1 24
82.2%
Operating Margin
OPLN
OPLN
PRGS
PRGS
Q4 25
8.6%
15.2%
Q3 25
11.0%
17.6%
Q2 25
9.8%
16.3%
Q1 25
11.2%
13.6%
Q4 24
17.4%
10.0%
Q3 24
9.2%
22.6%
Q2 24
5.4%
15.5%
Q1 24
8.6%
19.0%
Net Margin
OPLN
OPLN
PRGS
PRGS
Q4 25
12.0%
10.2%
Q3 25
9.6%
7.8%
Q2 25
6.9%
7.2%
Q1 25
8.0%
4.6%
Q4 24
11.5%
0.5%
Q3 24
6.2%
15.9%
Q2 24
2.4%
9.2%
Q1 24
4.3%
12.3%
EPS (diluted)
OPLN
OPLN
PRGS
PRGS
Q4 25
$-1.54
$0.59
Q3 25
$0.25
$0.44
Q2 25
$0.15
$0.39
Q1 25
$0.18
$0.24
Q4 24
$0.28
$0.01
Q3 24
$0.12
$0.65
Q2 24
$0.00
$0.37
Q1 24
$0.05
$0.51

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
OPLN
OPLN
PRGS
PRGS
Cash + ST InvestmentsLiquidity on hand
$141.5M
$94.8M
Total DebtLower is stronger
$550.0M
$1.4B
Stockholders' EquityBook value
$1.2B
$478.3M
Total Assets
$4.7B
$2.5B
Debt / EquityLower = less leverage
0.44×
2.93×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
OPLN
OPLN
PRGS
PRGS
Q4 25
$141.5M
$94.8M
Q3 25
$119.3M
$99.0M
Q2 25
$119.1M
$102.0M
Q1 25
$220.5M
$124.2M
Q4 24
$143.0M
$118.1M
Q3 24
$132.1M
$232.7M
Q2 24
$60.9M
$190.4M
Q1 24
$105.2M
$133.2M
Total Debt
OPLN
OPLN
PRGS
PRGS
Q4 25
$550.0M
$1.4B
Q3 25
$1.4B
Q2 25
$1.5B
Q1 25
$1.5B
Q4 24
$230.7M
$1.5B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
OPLN
OPLN
PRGS
PRGS
Q4 25
$1.2B
$478.3M
Q3 25
$1.4B
$477.7M
Q2 25
$1.4B
$452.7M
Q1 25
$1.4B
$431.8M
Q4 24
$1.3B
$438.8M
Q3 24
$1.3B
$425.6M
Q2 24
$1.3B
$401.7M
Q1 24
$1.3B
$461.7M
Total Assets
OPLN
OPLN
PRGS
PRGS
Q4 25
$4.7B
$2.5B
Q3 25
$4.8B
$2.4B
Q2 25
$4.6B
$2.4B
Q1 25
$4.8B
$2.5B
Q4 24
$4.6B
$2.5B
Q3 24
$4.6B
$1.6B
Q2 24
$4.6B
$1.6B
Q1 24
$4.8B
$1.5B
Debt / Equity
OPLN
OPLN
PRGS
PRGS
Q4 25
0.44×
2.93×
Q3 25
2.97×
Q2 25
3.22×
Q1 25
3.50×
Q4 24
0.17×
3.48×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
OPLN
OPLN
PRGS
PRGS
Operating Cash FlowLast quarter
$125.5M
$62.8M
Free Cash FlowOCF − Capex
$110.8M
$59.9M
FCF MarginFCF / Revenue
22.4%
23.7%
Capex IntensityCapex / Revenue
3.0%
1.1%
Cash ConversionOCF / Net Profit
2.11×
2.44×
TTM Free Cash FlowTrailing 4 quarters
$336.5M
$229.5M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
OPLN
OPLN
PRGS
PRGS
Q4 25
$125.5M
$62.8M
Q3 25
$72.2M
$73.4M
Q2 25
$71.6M
$30.0M
Q1 25
$122.6M
$68.9M
Q4 24
$32.7M
$19.7M
Q3 24
$122.4M
$57.7M
Q2 24
$37.5M
$63.7M
Q1 24
$100.2M
$70.5M
Free Cash Flow
OPLN
OPLN
PRGS
PRGS
Q4 25
$110.8M
$59.9M
Q3 25
$57.6M
$72.4M
Q2 25
$57.4M
$29.5M
Q1 25
$110.7M
$67.7M
Q4 24
$18.7M
$16.8M
Q3 24
$109.3M
$56.6M
Q2 24
$24.5M
$62.7M
Q1 24
$87.3M
$70.2M
FCF Margin
OPLN
OPLN
PRGS
PRGS
Q4 25
22.4%
23.7%
Q3 25
11.6%
29.0%
Q2 25
11.9%
12.4%
Q1 25
24.1%
28.4%
Q4 24
4.1%
7.8%
Q3 24
23.8%
31.7%
Q2 24
5.5%
35.8%
Q1 24
20.3%
38.0%
Capex Intensity
OPLN
OPLN
PRGS
PRGS
Q4 25
3.0%
1.1%
Q3 25
2.9%
0.4%
Q2 25
2.9%
0.2%
Q1 25
2.6%
0.5%
Q4 24
3.1%
1.3%
Q3 24
2.8%
0.6%
Q2 24
2.9%
0.5%
Q1 24
3.0%
0.2%
Cash Conversion
OPLN
OPLN
PRGS
PRGS
Q4 25
2.11×
2.44×
Q3 25
1.51×
3.78×
Q2 25
2.14×
1.76×
Q1 25
3.32×
6.30×
Q4 24
0.63×
17.13×
Q3 24
4.31×
2.03×
Q2 24
3.50×
3.93×
Q1 24
5.42×
3.11×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

OPLN
OPLN

Marketplace$384.7M78%
Finance$109.6M22%

PRGS
PRGS

Maintenanceand Services$187.5M74%
Share File Acquisition$67.5M27%

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