LQDT
Liquidity Services, Inc.32.01
+0.08+0.25%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
999.89MP/E (TTM)
36.79Basic EPS (TTM)
0.87Dividend Yield
0%Recent Filings
8-K
8-K
10-K
8-K
Record Q3 GMV, strong growth
Liquidity Services reported record Q3 FY2025 GMV of $413 million, up 9% year-over-year, with revenue surging 28% to $119.9 million and adjusted EBITDA rising 16% to $17 million at a 31% margin. The company expanded its consignment model to over 80% of GMV, added key clients in GovDeals and RSCG, and launched a B2C auction pilot in Columbus, Ohio, using acquired software to boost recovery on returned goods. Cash hit $167 million with zero debt; Q4 guidance projects GMV of $355-390 million and double-digit adjusted EBITDA growth. Tariffs tempered some international activity, yet heavy equipment sales doubled.
10-Q
Q3 FY2025 results
Liquidity Services posted solid Q3 results, with revenue climbing 28.1% year-over-year to $119.9M, fueled by a 43.3% surge in purchase revenues to $76.5M from expanded RSCG programs, while consignment fees edged up 7.8% to $43.4M across segments. Operating income rose 29.4% to $10.2M, lifting diluted EPS 21.1% to $0.23 on 32.5M shares, with margins holding steady amid higher volumes. Cash swelled to $155.6M, bolstered by $28.8M in operating cash flow, and the firm closed the $7.4M Auction Software acquisition in January 2025 for cash and stock, adding $5.1M goodwill and $2.6M intangibles amortized over 3-5 years to enhance SaaS offerings. No debt weighs on the balance sheet, with $26.0M available on the expanded $35.0M credit line maturing 2027. Yet tariffs and supply chain snarls could crimp asset flows.
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