Loading…
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 |
| Operating 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 |
| Research And Development | 47.67 | 55.52 | - | - | - |
| Selling General And Administration | - | 71.51 | 77.52 | 86.79 | 93.74 |
| Total Expenses | - | 257.14 | 288.36 | 339.91 | 441.60 |
| Operating Income | - | 22.90 | 26.10 | 23.40 | 35.07 |
| Total Operating Income As Reported | - | 47.40 | 26.10 | 23.40 | 35.07 |
| EBITDA | - | 33.23 | 37.36 | 35.52 | 45.48 |
| Normalized EBITDA | - | 8.73 | 37.36 | 35.52 | 45.48 |
| EBIT | - | 22.90 | 26.10 | 23.40 | 35.07 |
| Interest Income | - | 0.25 | 2.91 | 3.85 | 4.38 |
| Net Interest Income | - | 0.25 | 2.91 | 3.85 | 4.38 |
| Other Income Expense | -1.46 | 24.50 | - | - | - |
| Interest Income Non Operating | - | 0.25 | 2.91 | 3.85 | 4.38 |
| Net Non Operating Interest Income Expense | - | 0.25 | 2.91 | 3.85 | 4.38 |
| Pretax Income | - | 47.65 | 29.02 | 27.26 | 39.44 |
| Tax Provision | - | 7.33 | 8.04 | 7.27 | 11.35 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | 3.77 | 0 | 0 | 0 |
| Net Income Continuous Operations | - | 40.32 | 20.98 | 19.99 | 28.09 |
| Net Income From Continuing And Discontinued Operation | - | 40.32 | 20.98 | 19.99 | 28.09 |
| Net Income From Continuing Operation Net Minority Interest | - | 40.32 | 20.98 | 19.99 | 28.09 |
| Net Income | - | 40.32 | 20.98 | 19.99 | 28.09 |
| Net Income Common Stockholders | - | 40.32 | 20.98 | 19.99 | 28.09 |
| Net Income Including Noncontrolling Interests | - | 40.32 | 20.98 | 19.99 | 28.09 |
| Normalized Income | - | 19.60 | 20.98 | 19.99 | 28.09 |
| Diluted NI Availto Com Stockholders | - | 40.32 | 20.98 | 19.99 | 28.09 |
| Basic Average Shares | - | 32.29 | 31.08 | 30.50 | 30.93 |
| Diluted Average Shares | - | 33.72 | 32.07 | 31.63 | 32.41 |
| Reconciled Depreciation | - | 10.32 | 11.26 | 12.12 | 10.41 |
| Reconciled Cost Of Revenue | - | 119.41 | 142.32 | 178.15 | 267.85 |
| Total Unusual Items | 0 | 24.50 | 0 | 0 | - |
| Total Unusual Items Excluding Goodwill | 0 | 24.50 | 0 | 0 | - |
| Special Income Charges | 0 | 24.50 | 0 | 0 | - |
| Restructuring And Mergern Acquisition | 0 | -24.50 | 0 | 0 | - |
| Depreciation Amortization Depletion Income Statement | - | 10.32 | 11.26 | 12.12 | 10.41 |
| Depreciation And Amortization In Income Statement | - | 10.32 | 11.26 | 12.12 | 10.41 |
| General And Administrative Expense | - | 28.28 | 28.07 | 31.96 | 32.77 |
| Other Gand A | - | 28.28 | 28.07 | 31.96 | 32.77 |
| Other Operating Expenses | - | 55.91 | 57.26 | 62.85 | 69.60 |
| Selling And Marketing Expense | - | 43.22 | 49.44 | 54.83 | 60.96 |
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 | $1.2B | 41.00↑ premium | 5.67 | 13.8% | 21.79 |
| O-I Glass, Inc. | OI | $1.2B | -9.54 | 0.95 | -10.0% | 7.10 |
| Pursuit Attractions and Hospitality, Inc. | PRSU | $1.2B | 53.32 | 2.08 | 3.9% | 12.49 |
| LGI Homes, Inc. | LGIH | $1.2B | 16.21 | 0.56 | 3.5% | 33.11 |
| Gentherm Incorporated | THRM |
| - |
| - |
| - |
| - |
| - |
| - |
| $1.2B |
| 63.62 |
| 1.61 |
| 2.5% |
| 12.13 |
| Sally Beauty Holdings, Inc. | SBH | $1.1B | 5.84 | 1.44 | 24.7% | 5.98 |
| The RealReal, Inc. | REAL | $1.1B | -26.17 | -2.63 | 10.1% | 72.97 |
| MasterBrand, Inc. | MBC | $1.1B | 39.88 | 0.79 | 2.0% | 9.61 |
| Papa John's International, Inc. | PZZA | $1.1B | 34.79 | -2.39 | -6.9% | 10.83 |
| Peer Median | - | 25.50 | 0.87 | 3.0% | 11.48 | |