LIQUIDITY SERVICES INC LQDT

Industrials SIC 7389 - Services-Business Services, NEC NAICS Administrative and Support and Waste Management and Remediation Services › Administrative and Support Services derived Nasdaq

Liquidity Services, Inc. (Liquidity Services, the Company) is the leading global provider of e-commerce marketplaces and software solutions powering the circular economy. We create a better future for organizations, individuals, and the planet by using technology to capture and unleash the intrinsic value of surplus. We connect millions of buyers and thousands of sellers through our leading e-commerce auction marketplaces, search engines, asset management and auction software, and related services. Our comprehensive solutions enable the transparent, efficient, sustainable recovery of value from excess items owned by business and government sellers.

Our business delivers value to shareholders by unleashing the intrinsic value of surplus through our online marketplace platforms. These platforms ignite and enable a self-reinforcing cycle of value creation where buyers and sellers attract one another in greater numbers. The result of this cycle is a continuous flow of goods that becomes increasingly valuable as more participants join the platforms, thereby creating positive network effects that benefit sellers, buyers, and shareholders. During the past three fiscal years, we conducted over 3.1 million online transactions that generated $4.1 billion in gross merchandise volume or GMV. GMV is the total sales value of all transactions for which we earned compensation upon their completion through our marketplaces or other channels during a given period of time.

Last close 44.85 2026-10-23
Market cap $1.41B 2026-06-30 share count
52-week range 21.67 - 45.00

Valuation FY2025 figures against the last close

P/S2.9x
P/E51.6x
P/FCF23.8x
EV/EBITDA30.9x
Dividend yield—
Diluted EPS0.87

Where the revenue comes from as reported in the latest 10-K

Revenue by geography

  • United States
  • Rest of the world
Revenue by geography, 2 categories over 3 years. The same figures are in the table below. FY2025 United States, FY2025: 433.3M (90.9%) 91% United States Rest of the world, FY2025: 43.4M (9.1%) 9% FY2024 United States, FY2024: 323.3M (89.0%) 89% Rest of the world, FY2024: 40M (11.0%) 11% FY2023 United States, FY2023: 278.7M (88.6%) 89% Rest of the world, FY2023: 35.7M (11.4%) 11%
Region FY2025FY2024FY2023
United States $433.3M $323.3M $278.7M
Rest of the world $43.4M $40.0M $35.7M

As the company reported it, from the “Segment Information - Schedule of Revenues by Country (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Revenue $476.7M$363.3M$314.5M$280.1M$257.5M$205.9M$226.5M$224.5M$270.0M$316.5M
Gross profit $208.8M$185.2M$172.1M$160.6M$149.9M$109.9M$113.3M$109.7M$124.5M$162.1M
SG&A $32.8M$32.0M$28.1M$28.3M$28.9M$29.2M$34.2M$30.5M$36.1M$39.7M
Total operating expenses $172.7M$160.3M$145.8M$137.3M$121.2M$113.8M$127.7M$130.0M$161.1M$196.2M
Operating income $35.1M$23.4M$26.1M$47.4M$27.2M-$3.9M-$19.5M-$21.7M-$40.2M-$34.1M
Interest expense $4.4M$3.9M$2.9M$248.0K$411.0K$924.0K$1.4M$785.0K$606.0K$1.2M
Pre-tax income $39.4M$27.3M$29.0M$47.7M$27.6M-$3.0M-$18.1M-$20.9M-$39.6M-$32.9M
Income tax $11.3M$7.3M$8.0M$7.3M$23.4M$801.0K$1.2M$9.3M$451.0K$27.0M
Net income $28.1M$20.0M$21.0M$40.3M$50.9M—————
EPS, basic 0.910.660.681.251.53-0.11-0.58——-1.96
EPS, diluted 0.870.630.651.201.45-0.11-0.58-0.36-1.25-1.96
Shares, diluted (wtd. avg.) 32.4M31.6M32.1M33.7M35.0M33.6M33.1M—31.4M30.6M

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash and equivalents $174.6M$153.2M$110.3M$96.1M$106.3M$76.0M$36.5M$58.4M$94.3M$134.5M
Short-term investments $11.2M$2.3M$7.9M$1.8M$0$0$30.0M$20.0M$0—
Receivables $11.2M$11.5M$7.8M$11.8M$5.9M$5.3M$6.7M$4.9M$11.6M$10.4M
Inventory $14.2M$17.1M$11.1M$11.7M$12.5M$5.6M$5.8M$10.1M$20.7M$27.6M
Total current assets $224.8M$199.2M$146.3M$129.6M$131.8M$94.6M$89.9M$103.0M$138.9M$184.9M
Property, plant and equipment $18.3M$18.0M$17.2M$19.1M$17.6M$17.8M$18.8M$16.6M$16.8M$14.4M
Goodwill $102.9M$97.8M$89.4M$88.9M$59.9M$59.8M$59.5M$59.8M$45.4M$45.1M
Other intangibles $13.3M$13.9M$12.5M$16.2M$3.5M$4.8M$6.0M$7.4M$427.0K$2.6M
Total assets $375.1M$346.9M$289.0M$288.1M$255.6M$196.6M$187.3M$201.8M$215.2M$260.1M
Accounts payable $61.5M$58.7M$39.1M$42.0M$40.6M$22.0M$15.1M$13.9M$13.1M$9.7M
Total current liabilities $161.6M$155.2M$120.7M$123.5M$109.2M$74.3M$68.8M$68.5M$70.8M$85.5M
Total liabilities $171.9M$164.3M$127.4M$133.6M$120.6M$84.8M$71.1M$72.2M$82.6M$97.5M
Retained earnings $38.1M$10.0M-$10.0M-$30.9M-$71.4M-$122.3M-$118.6M-$100.0M-$88.2M-$49.0M
Total equity $203.2M$182.6M$161.5M$154.5M$135.0M$111.8M$116.2M$129.7M$132.6M$162.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Operating cash flow $66.8M$70.2M$47.0M$44.8M$65.4M$16.5M-$6.2M$619.0K-$31.7M$45.8M
Depreciation and amortisation $10.4M$12.1M$11.3M$10.3M$7.0M$6.3M$5.1M$4.6M$5.8M$6.5M
Stock-based compensation $14.5M$11.1M$8.2M$8.5M$6.9M$5.7M$6.5M$6.6M$7.4M$12.2M
Capital expenditure $7.8M$8.9M$5.4M$8.1M$5.4M$4.2M$5.9M$4.2M$7.8M$6.1M
Investing cash flow -$23.0M-$16.1M-$11.4M-$21.1M-$1.0M$28.6M-$15.7M-$37.1M-$7.9M-$6.2M
Financing cash flow -$21.8M-$11.2M-$22.1M-$31.9M-$34.7M-$5.7M$546.0K$404.0K-$1.1M-$220.0K
Buybacks $16.2M$9.4M$21.2M$25.4M$31.1M$4.0M$0$0$0$0

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-25-289159.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. 0 200M 400M 600M Revenue, FY2016: 316.5M Gross profit, FY2016: 162.1M Revenue, FY2017: 270M Gross profit, FY2017: 124.5M Revenue, FY2018: 224.5M Gross profit, FY2018: 109.7M Revenue, FY2019: 226.5M Gross profit, FY2019: 113.3M Revenue, FY2020: 205.9M Gross profit, FY2020: 109.9M Revenue, FY2021: 257.5M Gross profit, FY2021: 149.9M Net income, FY2021: 50.9M Revenue, FY2022: 280.1M Gross profit, FY2022: 160.6M Net income, FY2022: 40.3M Revenue, FY2023: 314.5M Gross profit, FY2023: 172.1M Net income, FY2023: 21M Revenue, FY2024: 363.3M Gross profit, FY2024: 185.2M Net income, FY2024: 20M Revenue, FY2025: 476.7M Gross profit, FY2025: 208.8M Net income, FY2025: 28.1M FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue $316.5M $270.0M $224.5M $226.5M $205.9M $257.5M $280.1M $314.5M $363.3M $476.7M
Gross profit $162.1M $124.5M $109.7M $113.3M $109.9M $149.9M $160.6M $172.1M $185.2M $208.8M
Net income — — — — — $50.9M $40.3M $21.0M $20.0M $28.1M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Other event Item 8.01
  • Results announced Item 2.02
  • Other event Item 8.01
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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