Liquidity Services Inc (LQDT) Financial Statements
Industry: Business Services (Other) (Services)
In fiscal 2025, Liquidity Services reported revenue of $476.7M, up 31.2% from $363.3M the year before. Net income was $28.1M (a 5.9% net margin), or $0.87 per diluted share. Gross margin was 43.8% and operating margin was 7.4%. Operating activities generated $66.8M of cash, leaving $59.0M of free cash flow. At fiscal year end, Liquidity Services held $375.1M in total assets against $171.9M in total liabilities.
Open the full interactive Liquidity Services financials → Quarterly statements, key ratios, valuation history and price charts.
Liquidity Services Key Stats
| Share Price | $43.96 |
|---|---|
| Market Cap | $1.44B |
| P/E Ratio | 50.5 |
| Revenue YoY Growth | +31.2% |
| 52-Week Range | $22.16 – $43.96 |
| Shares Outstanding | 31.2 million (basic, 2026 Q3) |
Liquidity Services Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $205.9M | $257.5M | $280.1M | $314.5M | $363.3M | $476.7M |
| Cost of Goods Sold | $209.8M | $230.4M | $232.6M | $288.4M | $339.9M | $441.6M |
| Gross Profit | $109.9M | $149.9M | $160.6M | $172.1M | $185.2M | $208.8M |
| Operating Income | -$3.9M | $27.2M | $47.4M | $26.1M | $23.4M | $35.1M |
| Pre-Tax Income | -$3.0M | $27.6M | $47.7M | $29.0M | $27.3M | $39.4M |
| Income Tax | $801,000 | -$23.4M | $7.3M | $8.0M | $7.3M | $11.3M |
| Net Income | -$3.8M | $50.9M | $40.3M | $21.0M | $20.0M | $28.1M |
| Diluted EPS | $0.16 | $1.45 | $1.20 | $0.65 | $0.63 | $0.87 |
Liquidity Services Quarterly Results
| 2025 Q4 | 2026 Q1 | 2026 Q2 | 2026 Q3 | |
|---|---|---|---|---|
| Revenue | $118.1M | $121.2M | $120.7M | $129.6M |
| Net Income | $7.8M | $7.5M | $7.5M | $10.4M |
| Diluted EPS | $0.24 | $0.23 | $0.23 | $0.32 |
Liquidity Services Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Current Assets | $94.6M | $131.8M | $129.6M | $146.3M | $199.2M | $224.8M |
| Total Assets | $196.6M | $255.6M | $288.1M | $289.0M | $346.9M | $375.1M |
| Current Liabilities | $74.3M | $109.2M | $123.5M | $120.7M | $155.2M | $161.6M |
| Total Liabilities | $84.8M | $120.6M | $133.6M | $127.4M | $164.3M | $171.9M |
| Shareholders' Equity | $111.8M | $135.0M | $154.5M | $161.5M | $182.6M | $203.2M |
Liquidity Services Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $16.5M | $65.4M | $44.8M | $47.0M | $70.2M | $66.8M |
| Cash From Investing | $28.6M | -$1.0M | -$21.1M | -$11.4M | -$16.1M | -$23.0M |
| Cash From Financing | -$5.7M | -$34.7M | -$31.9M | -$22.1M | -$11.2M | -$21.8M |
| Free Cash Flow | $12.3M | $60.0M | $36.7M | $41.6M | $61.3M | $59.0M |
Figures from Liquidity Services' 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Liquidity Services financials page for every line item.
Liquidity Services Company Profile
| Ticker | LQDT |
|---|---|
| Exchange | Nasdaq |
| Industry | Business Services (Other) (Services) |
| Headquarters | Bethesda, Maryland |
| Incorporated in | Delaware |
| Fiscal Year End | September 30 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001235468 |
Frequently Asked Questions
What was Liquidity Services' revenue in fiscal 2025?
Liquidity Services (LQDT) reported revenue of $476.7M for fiscal 2025.
What is Liquidity Services' annual revenue history?
Liquidity Services' annual revenue by fiscal year: 2020: $205.9M; 2021: $257.5M; 2022: $280.1M; 2023: $314.5M; 2024: $363.3M; 2025: $476.7M.
What was Liquidity Services' net income in fiscal 2025?
Liquidity Services reported net income of $28.1M for fiscal 2025.
What was Liquidity Services' earnings per share (EPS) in fiscal 2025?
Liquidity Services' diluted EPS was $0.87 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Liquidity Services generate in fiscal 2025?
Liquidity Services generated $59.0M of free cash flow in fiscal 2025.
What was Liquidity Services' revenue last quarter?
In its most recent reported quarter (2026 Q3), Liquidity Services reported revenue of $129.6M.
How many shares of Liquidity Services are outstanding?
Liquidity Services reported a weighted average of 31.2 million basic shares outstanding in 2026 Q3.
What is Liquidity Services' market cap?
Based on its latest closing price, Liquidity Services (LQDT) has a market capitalization of about $1.44B.
When does Liquidity Services' fiscal year end?
Liquidity Services' fiscal year end, as registered with the SEC, is September 30.
Where is Liquidity Services headquartered?
Liquidity Services lists its business address in Bethesda, Maryland in its SEC filings.