Liquidity Services, Inc. engages in the provision of e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its solutions enable government entities and commercial businesses to sell surplus property and real estate assets through GovDeals, Bid4Assets, and Sierra marketplaces. The company also offers a suite of services, including surplus management, asset valuation, asset sales, marketing, returns management, asset recovery, and ecommerce services; and operates Liquidation.com, a marketplace to sell excess, returned, and overstocked consumer goods. In addition, it operates a global search engine platform for listing used equipment for sale in the construction, machine tool, transportation, printing, laboratory/medical, and agriculture sectors. Further, the company provides Machinio System service that offers various software tools, such as website hosting, email marketing, and inventory management to equipment sellers. The company offers products for various industries, such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, real estate, energy equipment, industrial capital assets, heavy equipment, fleet and transportation equipment, and specialty equipment. The company was incorporated in 1999 and is headquartered in Bethesda, Maryland.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $477M | $45M | $28M | $59M | 13.8% | 31.2% | 40.5% |
| 2024 | $363M | $36M | $20M | $61M | 11.0% | 15.5% | -4.7% |
| 2023 | $314M | $37M | $21M | $42M | 13.0% | 12.3% | -48.0% |
| 2022 | $280M | $33M | $40M | $37M | 26.1% | - | - |
| 2021 | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 280.05 | 314.46 | 363.32 | 476.67 |
| Cost Of Revenue | - | 119.41 | 142.32 | 178.15 | 267.85 |
| Gross Profit | - | 160.64 | 172.14 | 185.17 | 208.82 |
| Operating Expense | - | 137.74 | 146.04 | 161.76 | 173.75 |
| Operating Income | - | 22.90 | 26.10 | 23.40 | 35.07 |
| EBITDA | - | 33.23 | 37.36 | 35.52 | 45.48 |
| EBIT | - | 22.90 | 26.10 | 23.40 | 35.07 |
| Pretax Income | - | 47.65 | 29.02 | 27.26 | 39.44 |
| Tax Provision | - | 7.33 | 8.04 | 7.27 | 11.35 |
| Net Income | - | 40.32 | 20.98 | 19.99 | 28.09 |
| Net Income Common Stockholders | - | 40.32 | 20.98 | 19.99 | 28.09 |
| Total Expenses | - | 257.14 | 288.36 | 339.91 | 441.60 |
| Interest Income | - | 0.25 | 2.91 | 3.85 | 4.38 |
| Research And Development | 47.67 | 55.52 | - | - | - |
| Selling General And Administration | - | 71.51 | 77.52 | 86.79 | 93.74 |
| Normalized EBITDA | - | 8.73 | 37.36 | 35.52 | 45.48 |
| Normalized Income | - | 19.60 | 20.98 | 19.99 | 28.09 |
| Market Cap | 1,082.07 | 1,082.07 | 1,082.07 | 1,082.07 | 1,082.07 |
Consumer Cyclical sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Liquidity Services, Inc.this co. | LQDT | $1.1B | 38.52β premium | 5.32 | 13.8% | 20.26 |
| MasterBrand, Inc. | MBC | $1.2B | 44.87 | 0.89 | 2.0% | 10.23 |
| Pursuit Attractions and Hospitality, Inc. | PRSU | $1.2B | 50.90 | 1.98 | 3.9% | 11.99 |
| Lindblad Expeditions Holdings, Inc. | LIND | $1.2B | - | -3.44 | 19.4% | 14.76 |
| LGI Homes, Inc. | LGIH |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.1B |
| 14.50 |
| 0.50 |
| 3.5% |
| 31.64 |
| Arhaus, Inc. | ARHS | $1.0B | 15.29 | 2.48 | 16.1% | 10.01 |
| Douglas Dynamics, Inc. | PLOW | $1.0B | 22.54 | 3.62 | 16.7% | 13.83 |
| Accel Entertainment, Inc. | ACEL | $1.0B | 20.82 | 3.81 | 18.8% | 7.10 |
| ACV Auctions Inc. | ACVA | $958M | - | 2.10 | -15.4% | -24.26 |
| Peer Median | - | 21.68 | 2.04 | 10.0% | 11.11 | |