NASDAQ : LQDT
Liquidity Services, Inc. — Financial statements
Consumer Discretionary · Internet Retail · United States
Last price 45.29 USD (Oct 29, 2026, 4:00 PM EDT) · Market cap 1.42B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Liquidity Services, Inc. (LQDT) reported revenue of 489.62M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 489.62M | 476.67M | 363.32M | 314.46M | 280.05M | 257.53M |
| Cost of Revenue | 256.42M | 267.85M | 178.15M | 142.32M | 119.41M | 107.68M |
| Gross Profit | 233.19M | 208.81M | 185.17M | 172.14M | 160.64M | 149.85M |
| Selling, General & Admin | 178.74M | 162.48M | 147.89M | 135.44M | 126.78M | 113.91M |
| Other Operating Expenses | -8.00K | 10.00K | -110.00K | -66.00K | -307.00K | -1.10M |
| Operating Expenses | 189.30M | 172.90M | 159.90M | 146.63M | 136.79M | 119.78M |
| Operating Income | 43.89M | 35.92M | 25.26M | 25.51M | 23.85M | 30.07M |
| Interest Expense | -1.00K | |||||
| Interest & Investment Income | 5.15M | 4.58M | 4.08M | 2.86M | 77.00K | |
| Other Non Operating Income (Expenses) | 2.00K | 1.00K | ||||
| EBT Excluding Unusual Items | 49.04M | 40.49M | 29.34M | 28.37M | 23.85M | 30.15M |
| Merger & Restructuring Charges | -103.00K | -1.05M | -1.58M | -252.00K | -664.00K | -131.00K |
| Asset Writedown | -31.00K | -1.34M | ||||
| Legal Settlements | -500.00K | |||||
| Other Unusual Items | 900.00K | 24.50M | -1.10M | |||
| Pretax Income | 48.94M | 39.44M | 27.26M | 29.02M | 47.65M | 27.58M |
| Income Tax Expense | 15.68M | 11.35M | 7.27M | 8.04M | 7.33M | -23.37M |
| Net Income | 33.26M | 28.09M | 19.99M | 20.98M | 40.32M | 50.95M |
| Net Income to Common | 33.26M | 28.09M | 19.99M | 20.98M | 40.32M | 50.95M |
| Shares Outstanding (Basic) | 30.96M | 30.93M | 30.50M | 31.08M | 32.29M | 33.33M |
| Shares Outstanding (Diluted) | 32.47M | 32.41M | 31.63M | 32.07M | 33.72M | 35.02M |
| EPS (Basic) | 1.07 | 0.91 | 0.66 | 0.68 | 1.25 | 1.53 |
| EPS (Diluted) | 1.02 | 0.87 | 0.63 | 0.65 | 1.20 | 1.45 |
| Free Cash Flow | 89.99M | 58.96M | 61.31M | 41.63M | 36.71M | 60.00M |
| Free Cash Flow Per Share | 2.77 | 1.82 | 1.94 | 1.30 | 1.09 | 1.71 |
| Gross Margin | 47.63% | 43.81% | 50.97% | 54.74% | 57.36% | 58.19% |
| Operating Margin | 8.96% | 7.54% | 6.95% | 8.11% | 8.52% | 11.68% |
| Profit Margin | 6.79% | 5.89% | 5.50% | 6.67% | 14.40% | 19.78% |
| Free Cash Flow Margin | 18.38% | 12.37% | 16.88% | 13.24% | 13.11% | 23.30% |
| EBITDA | 49.66M | 41.52M | 31.38M | 31.17M | 29.47M | 33.14M |
| EBITDA Margin | 10.14% | 8.71% | 8.64% | 9.91% | 10.52% | 12.87% |
| D&A For EBITDA | 5.77M | 5.61M | 6.12M | 5.66M | 5.62M | 3.07M |
| EBIT | 43.89M | 35.92M | 25.26M | 25.51M | 23.85M | 30.07M |
| EBIT Margin | 8.96% | 7.54% | 6.95% | 8.11% | 8.52% | 11.68% |
| Effective Tax Rate | 32.04% | 28.77% | 26.66% | 27.70% | 15.38% | |
| Revenue as Reported | 489.62M | 476.67M | 363.32M | 314.46M | 280.05M | 257.53M |
| Advertising Expenses | 3.90M | 5.20M | 4.50M | 4.60M | 3.20M |
Balance sheet
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 219.75M | 174.61M | 153.23M | 110.28M | 96.12M | 106.33M |
| Short-Term Investments | 11.35M | 11.21M | 2.31M | 7.89M | 1.82M | |
| Cash & Short-Term Investments | 231.10M | 185.82M | 155.54M | 118.17M | 97.94M | 106.33M |
| Accounts Receivable | 14.67M | 12.48M | 12.97M | 8.75M | 12.69M | 6.47M |
| Receivables | 14.67M | 12.48M | 12.97M | 8.75M | 12.69M | 6.47M |
| Inventory | 15.54M | 14.18M | 17.10M | 11.12M | 11.68M | 12.47M |
| Prepaid Expenses | 10.19M | 12.31M | 13.63M | 8.23M | 7.28M | 6.57M |
| Total Current Assets | 271.50M | 224.79M | 199.24M | 146.27M | 129.59M | 131.84M |
| Property, Plant & Equipment | 30.40M | 29.76M | 29.97M | 27.04M | 32.30M | 31.11M |
| Goodwill | 102.79M | 102.88M | 97.79M | 89.39M | 88.91M | 59.87M |
| Other Intangible Assets | 11.02M | 13.34M | 13.91M | 12.46M | 16.23M | 3.45M |
| Long-Term Deferred Tax Assets | 536.00K | 567.00K | 1.73M | 7.05M | 13.63M | 23.82M |
| Other Long-Term Assets | 3.84M | 3.77M | 4.25M | 6.76M | 7.44M | 5.47M |
| Total Assets | 420.09M | 375.10M | 346.89M | 288.97M | 288.10M | 255.58M |
| Accounts Payable | 60.64M | 61.45M | 58.69M | 39.12M | 41.98M | 40.61M |
| Accrued Expenses | 29.57M | 30.45M | 28.26M | 23.81M | 23.30M | 25.98M |
| Current Portion of Leases | 4.53M | 5.19M | 5.18M | 4.10M | 4.54M | 4.25M |
| Current Unearned Revenue | 4.85M | 5.09M | 4.79M | 4.70M | 4.44M | 4.62M |
| Other Current Liabilities | 72.24M | 59.43M | 58.23M | 48.99M | 49.24M | 33.71M |
| Total Current Liabilities | 171.83M | 161.62M | 155.15M | 120.72M | 123.50M | 109.17M |
| Long-Term Leases | 9.31M | 8.93M | 9.06M | 6.58M | 9.69M | 10.10M |
| Other Long-Term Liabilities | 3.10M | 1.30M | 115.00K | 138.00K | 378.00K | 1.29M |
| Total Liabilities | 184.24M | 171.86M | 164.33M | 127.44M | 133.57M | 120.56M |
| Common Stock | 38.00K | 37.00K | 37.00K | 36.00K | 36.00K | 35.00K |
| Additional Paid-In Capital | 295.03M | 285.72M | 275.77M | 265.94M | 258.27M | 252.02M |
| Retained Earnings | 63.56M | 38.13M | 10.03M | -9.96M | -30.94M | -71.40M |
| Treasury Stock | -111.64M | -110.00M | -93.85M | -84.03M | -62.55M | -36.63M |
| Comprehensive Income & Other | -11.14M | -10.64M | -9.43M | -10.46M | -10.29M | -9.01M |
| Shareholders' Equity | 235.85M | 203.24M | 182.56M | 161.53M | 154.54M | 135.01M |
| Total Liabilities & Equity | 420.09M | 375.10M | 346.89M | 288.97M | 288.10M | 255.58M |
| Total Debt | 13.84M | 14.12M | 14.24M | 10.68M | 14.23M | 14.35M |
| Net Cash (Debt) | 217.26M | 171.69M | 141.29M | 107.49M | 83.71M | 91.99M |
| Net Cash Per Share | 6.69 | 5.30 | 4.47 | 3.35 | 2.48 | 2.63 |
| Filing Date Shares Outstanding | 31.33M | 30.64M | 30.74M | 30.76M | 31.98M | 33.27M |
| Total Common Shares Outstanding | 31.32M | 30.68M | 30.69M | 30.71M | 31.91M | 33.24M |
| Working Capital | 99.67M | 63.16M | 44.08M | 25.55M | 6.09M | 22.67M |
| Book Value Per Share | 7.53 | 6.63 | 5.95 | 5.26 | 4.84 | 4.06 |
| Tangible Book Value | 122.04M | 87.03M | 70.86M | 59.69M | 49.39M | 71.69M |
| Tangible Book Value Per Share | 3.90 | 2.84 | 2.31 | 1.94 | 1.55 | 2.16 |
| Land | 753.00K | 754.00K | 754.00K | 754.00K | 754.00K | |
| Buildings | 2.21M | 2.20M | 2.16M | 2.16M | 2.16M | |
| Machinery | 14.09M | 14.46M | 13.28M | 12.53M | 10.14M | |
| Construction In Progress | 2.44M | 3.03M | 2.25M | 1.81M | 956.00K | |
| Leasehold Improvements | 4.47M | 4.18M | 2.98M | 3.26M | 3.24M |
Cash flow statement
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 33.26M | 28.09M | 19.99M | 20.98M | 40.32M | 50.95M |
| Depreciation & Amortization | 5.77M | 5.61M | 6.12M | 5.66M | 5.62M | 3.07M |
| Other Amortization | 4.80M | 4.80M | 6.00M | 5.60M | 4.70M | 3.90M |
| Loss (Gain) From Sale of Assets | 53.00K | 36.00K | -14.00K | -36.00K | -254.00K | 57.00K |
| Asset Writedown & Restructuring Costs | 459.00K | 31.00K | 1.34M | |||
| Stock-Based Compensation | 20.76M | 14.49M | 11.09M | 8.19M | 8.48M | 6.95M |
| Provision & Write-off of Bad Debts | 424.00K | 356.00K | 839.00K | 1.39M | 136.00K | 297.00K |
| Other Operating Activities | 3.04M | 2.94M | 5.49M | 7.63M | -18.02M | -24.34M |
| Change in Accounts Receivable | 7.50M | 233.00K | -4.27M | 2.73M | -6.29M | -843.00K |
| Change in Inventory | 234.00K | 5.24M | 4.95M | -479.00K | 441.00K | -7.04M |
| Change in Accounts Payable | 2.33M | -68.00K | 8.37M | -2.89M | 1.55M | 18.55M |
| Change in Unearned Revenue | -386.00K | -204.00K | 87.00K | 262.00K | -185.00K | 1.37M |
| Change in Income Taxes | 2.19M | -239.00K | 264.00K | -152.00K | 82.00K | -61.00K |
| Change in Other Net Operating Assets | 18.20M | 5.02M | 11.31M | -1.85M | 8.21M | 11.21M |
| Operating Cash Flow | 98.18M | 66.76M | 70.22M | 47.02M | 44.83M | 65.42M |
| Capital Expenditures | -8.19M | -7.80M | -8.91M | -5.39M | -8.12M | -5.42M |
| Cash Acquisitions | 4.00K | -6.50M | -13.16M | -11.16M | ||
| Investment in Securities | -560.00K | -8.88M | 5.90M | -6.11M | -1.82M | |
| Other Investing Activities | 98.00K | 190.00K | 54.00K | 68.00K | 21.00K | 4.42M |
| Investing Cash Flow | -8.65M | -22.98M | -16.11M | -11.43M | -21.08M | -1.00M |
| Long-Term Debt Repaid | -102.00K | -89.00K | -101.00K | -99.00K | -42.00K | |
| Net Debt Issued (Repaid) | -109.00K | -102.00K | -89.00K | -101.00K | -99.00K | -42.00K |
| Issuance of Common Stock | 1.13M | 212.00K | 598.00K | 496.00K | 445.00K | |
| Repurchase of Common Stock | -26.24M | -21.92M | -11.68M | -22.46M | -28.25M | -35.06M |
| Other Financing Activities | -3.59M | |||||
| Financing Cash Flow | -25.22M | -21.81M | -11.17M | -22.07M | -31.94M | -34.66M |
| Foreign Exchange Rate Adjustments | -164.00K | -580.00K | 8.00K | 640.00K | -2.02M | 541.00K |
| Net Cash Flow | 64.15M | 21.38M | 42.95M | 14.16M | -10.21M | 30.30M |
| Free Cash Flow | 89.99M | 58.96M | 61.31M | 41.63M | 36.71M | 60.00M |
| Free Cash Flow Margin | 18.38% | 12.37% | 16.88% | 13.24% | 13.11% | 23.30% |
| Free Cash Flow Per Share | 2.77 | 1.82 | 1.94 | 1.30 | 1.09 | 1.71 |
| Levered Free Cash Flow | 81.89M | 50.74M | 47.84M | 31.22M | 33.48M | 54.74M |
| Unlevered Free Cash Flow | 81.89M | 50.74M | 47.84M | 31.22M | 33.48M | 54.74M |
| Cash Income Tax Paid | 11.13M | 9.20M | 1.71M | 1.59M | 885.00K | 1.44M |
| Change in Working Capital | 30.07M | 9.98M | 20.71M | -2.39M | 3.81M | 23.20M |
Ratios
Fiscal year October - September; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.40B | 856.83M | 696.14M | 540.78M | 578.60M | 765.87M |
| Enterprise Value | 1.18B | 704.39M | 574.94M | 446.29M | 506.15M | 666.52M |
| Last Close Price | 44.62 | 27.43 | 22.80 | 17.62 | 16.26 | 21.61 |
| PE Ratio | 43.75 | 30.50 | 34.82 | 25.78 | 14.35 | 15.03 |
| Forward PE | 25.35 | 20.78 | 19.66 | 18.35 | 18.07 | 23.68 |
| PS Ratio | 2.86 | 1.80 | 1.92 | 1.72 | 2.07 | 2.97 |
| PB Ratio | 5.93 | 4.22 | 3.81 | 3.35 | 3.74 | 5.67 |
| P/TBV Ratio | 11.46 | 9.85 | 9.82 | 9.06 | 11.71 | 10.68 |
| P/FCF Ratio | 15.54 | 14.53 | 11.35 | 12.99 | 15.76 | 12.77 |
| P/OCF Ratio | 14.24 | 12.84 | 9.91 | 11.50 | 12.91 | 11.71 |
| PEG Ratio | 1.05 | 1.05 | 1.05 | 1.05 | 1.05 | |
| EV/Sales Ratio | 2.41 | 1.48 | 1.58 | 1.42 | 1.81 | 2.59 |
| EV/EBITDA Ratio | 23.77 | 16.96 | 18.32 | 14.32 | 17.17 | 20.11 |
| EV/EBIT Ratio | 26.90 | 19.61 | 22.76 | 17.49 | 21.22 | 22.16 |
| EV/FCF Ratio | 13.12 | 11.95 | 9.38 | 10.72 | 13.79 | 11.11 |
| Debt / Equity Ratio | 0.06 | 0.07 | 0.08 | 0.07 | 0.09 | 0.11 |
| Debt / EBITDA Ratio | 0.24 | 0.29 | 0.37 | 0.28 | 0.39 | 0.36 |
| Debt / FCF Ratio | 0.15 | 0.24 | 0.23 | 0.26 | 0.39 | 0.24 |
| Net Debt / Equity Ratio | -0.92 | -0.84 | -0.77 | -0.67 | -0.54 | -0.68 |
| Net Debt / EBITDA Ratio | -4.38 | -4.13 | -4.50 | -3.45 | -2.84 | -2.78 |
| Net Debt / FCF Ratio | -2.41 | -2.91 | -2.30 | -2.58 | -2.28 | -1.53 |
| Asset Turnover | 1.24 | 1.32 | 1.14 | 1.09 | 1.03 | 1.14 |
| Inventory Turnover | 15.83 | 17.13 | 12.63 | 12.49 | 9.89 | 11.91 |
| Quick Ratio | 1.43 | 1.23 | 1.09 | 1.05 | 0.90 | 1.03 |
| Current Ratio | 1.58 | 1.39 | 1.28 | 1.21 | 1.05 | 1.21 |
| Return on Equity (ROE) | 14.96% | 14.56% | 11.62% | 13.27% | 27.85% | 41.28% |
| Return on Assets (ROA) | 6.92% | 6.22% | 4.97% | 5.53% | 5.48% | 8.31% |
| Return on Invested Capital (ROIC) | 115.91% | 70.27% | 38.87% | 29.54% | 35.45% | 66.73% |
| Return on Capital Employed (ROCE) | 17.70% | 16.80% | 13.20% | 15.20% | 14.50% | 20.50% |
| Earnings Yield | 2.29% | 3.28% | 2.87% | 3.88% | 6.97% | 6.65% |
| FCF Yield | 6.44% | 6.88% | 8.81% | 7.70% | 6.35% | 7.83% |
| Buyback Yield / Dilution | -0.75% | -2.46% | 1.37% | 4.88% | 3.72% | -4.20% |