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MARKETS / NASDAQ / Industrials / Business services / LQDT
NASDAQ · SERVICES-BUSINESS SERVICES, NEC · LARGE CAP

Liquidity Services Inc. LQDT

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$476.7M
▲ 31.2% YoY
$28.1M
▲ 40.5% YoY
$59.0M
▼ 3.8% YoY

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Liquidity Services, Inc. connects buyers and sellers through e-commerce auction marketplaces, search engines, and asset management and auction software, along with related services. During the year ended September 30, 2025, it generated GMV of $1.6 billion and revenue of $477.7 million. The company has five operating segments and three reportable segments — GovDeals, Retail Supply Chain Group (RSCG) and Capital Assets Group (CAG) — and combines its separate Machinio and Software Solutions operating segments into a Machinio & Software Solutions grouping for segment reporting purposes. Liquidity Services was incorporated in Delaware as Liquidation.com in November 1999.

Written from the business description in LIQUIDITY SERVICES INC's annual report to the U.S. Securities and Exchange Commission, filed 20 November 2025. Every sentence was checked against that document before publication.

Growth

USD 476.7M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 476.7 · Net income 28.1
200M400M-50M-100M
2009201220152018202120242025
Compound annual growth
+19.4%
+18.3%
+1.8%
+3.8%
−11.4%
−10.2%
+4.6%
−14.4%
+32.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +18.3% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

6 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 7.4% · Net 5.9%
5%10%15%-10%-20%-30%
200920172025
ROE
FY2025 · ROE 14.6%
20%40%-10%-20%-30%
200920172025
Three returns, three denominators.
Gross margin43.8%
Operating margin7.4%
Net margin5.9%
EBITDAUSD 45.5M

Each USD of equity produced 15 cents of profit this year.

Cash & shareholders

USD 16.0M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 59.0
25.0M50.0M-15.0M-30.0M
200920172025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 16.0
15M30M-10M-20M
2009201120142019202120232025
Dividends paid·
Net buybacksUSD 16.0M
Share of profit56.8%
Consecutive raises·

USD 16.0M in buybacks — 57% of the year's profit went back to shareholders.

Total assetsUSD 375.1M
EquityUSD 203.2M
CashUSD 174.6M
Current ratio1.39×

Equity funds 54% of total assets.

The 17-year record

17 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
LQDT, 17-year financial record
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.50.40.30.30.30.20.20.20.30.30.40.50.50.50.30.30.2
Operating income $B0.00.00.00.00.0−0.0−0.0−0.0−0.0−0.0−0.10.10.10.10.00.00.0
EBITDA $B0.00.00.00.10.00.0−0.0−0.0−0.0−0.0−0.10.10.10.10.00.00.0
Income tax $B0.00.00.00.0−0.00.00.0−0.0−0.00.0−0.00.00.00.00.00.00.0
Net income $B0.00.00.00.00.1−0.0−0.0−0.0−0.0−0.1−0.10.00.00.00.00.00.0
Free cash flow $B0.10.10.00.00.10.0−0.0−0.0−0.00.00.00.00.00.00.00.00.0
EPS, diluted $0.870.630.651.201.45−0.11−0.58−0.36−1.25−1.96−3.500.971.261.470.290.440.21
Dividend / sh $◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌◌
Payout % — not applicable: no dividend—————————————————
ROE %14.611.613.327.941.3−3.3−15.7−8.9−26.5−31.7−39.39.614.623.56.211.15.5
Shares out B0.040.040.040.040.040.030.030.030.030.030.030.030.030.030.030.03◌

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures · 3 divergences in 75 reconciliationsAUDITED

Reconciled in 14 of the 17 fiscal years we could check. 3 of those reconciliations are divergences — the figures exist but don't fit the formula this check expects; that isn't the same as an error. 10 checks were skipped: cost of revenue is not tagged before 2017. Six checks were skipped: the balance sheet is not tagged before 2010. Two checks were skipped: EPS is not tagged before 2009.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures3 divergent
ActivityServices-Business Services, NEC
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsSeptember 30
Data on record since2009

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