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Liquidity Services, Inc.

LQDT Consumer Cyclical Internet Retail

Liquidity Services, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $476.7 million, up 31.2% from fiscal 2024.

Revenue
+8.09%
EPS
+37.5%
Free cash flow
+71.3%

Quarter to June 2026, against a year earlier

44.63 2.13 −4.56%
Market cap
$1.4B
P/E
42.1×
Fwd P/E
38.1×
Dividend yield
—
F-score
7/9
Altman Z
4.89
Beneish M
−2.80
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Sold, $m 12.88
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — — — — — — — — — — —
Sell 2 — 2 4 2 7 8 1 1 1 1 1
Insider Ownership 25.67%

Capital & Financial Ratios $m

Size
Market Cap 1,400.00
Revenue ttm 489.62
Net income ttm 33.26
Free cash flow ttm 89.99
Net debt Q (231.10)
Valuation
P/E 42.10 (above 35: high)
Forward P/E 38.10 (above 35: high)
Price / sales 2.85
Forward P/S Powerpack
Price / FCF 15.50
Price / book 5.91
Financial health
Current ratio Q 1.58 (at or above 1.5: strong)
Debt / equity Q 0.00 (at or below 0.5: strong)
Interest coverage Q —
Growth
Revenue growth Q +8.09% (above 0%: growing)
Operating income growth Q +38.36% (above 0%: growing)
EPS, this year +28.91% (at or above 15%: strong)
EPS, next year A +11.52%
Revenue, next year A −11.30% (below 0%: weak)
EPS, past 5 yrs —
EPS, next 5 yrs A —

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.4×, against a ten-year median of 1.2×; over the ten years it ranged from 0.1× in 2016 to 3.2× in 2021.
P/E against its own 10 years 89.99%
10-year low 10-year high
P/S against its own 10 years 94.39%
10-year low 10-year high
P/B against its own 10 years 95.60%
10-year low 10-year high
EV/Sales against its own 10 years 92.85%
10-year low 10-year high
EV/FCF against its own 10 years 73.87%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 118 156 186 231
Receivables 8 11 11 12
Inventory 11 17 14 16
Other — — — —
146 199 225 272
2023 2024 2025 Q'26
Payables 39 59 61 61
ST’ Debt — — — —
Other — — — —
121 155 162 172

Compound Annual Growth %

10y 5y 3y
Sales 1.84% 18.28% 19.40%
Cash Flow 4.38% 32.29% 14.19%
Earnings 0.00% 0.00% (11.35%)
Book Value (0.61%) 12.69% 9.56%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.35 Actual 0.45

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q3 FY21 0.19 0.26 Beat by 0.07
Q1 FY26 0.31 0.39 Beat by 0.08
Q2 FY26 0.30 0.35 Beat by 0.05
Q3 FY26 0.35 0.45 Beat by 0.10
Q4 FY26 0.44 — Reports 19 November 2026

EPS $

Dec Mar Jun Sep Year
’26 0.23 0.23 0.32 — —
’25 0.18 0.22 0.23 0.24 0.87
’24 0.06 0.18 0.19 0.20 0.63
’23 0.12 0.13 0.21 0.20 0.65
’22 0.10 0.35 0.50 0.25 1.20
’21 0.13 0.15 0.24 0.93 1.45
’20 (0.15) (0.13) 0.01 0.16 (0.11)
Fiscal quarters ending in the months shown.

Revenue $m

Dec Mar Jun Sep Year
’26 121 121 130 — —
’25 122 116 120 118 477
’24 71 91 94 107 363
’23 72 81 81 80 314
’22 67 68 70 75 280
’21 56 62 70 70 258
’20 50 53 48 56 206
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Dec Mar Jun Sep Year
’26 (1) 30 31 — —
’25 (12) 22 19 38 67
’24 (9) 35 22 22 70
’23 (11) 33 10 15 47
’22 2 13 17 14 45
’21 6 25 23 11 65
’20 (19) 6 21 7 16
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Dec Mar Jun Sep Year
’26 (3) 27 29 — —
’25 (14) 20 17 36 59
’24 (11) 32 20 19 61
’23 (12) 31 9 13 42
’22 0 11 14 12 37
’21 5 24 22 9 60
’20 (20) 5 21 7 12
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Jun ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue 316 270 225 227 206 258 280 314 363 477 490 +4.7% 423 423 — (5.8%)
Gross margin, % 54.77 53.25 55.42 54.79 53.38 58.19 57.36 54.74 50.97 43.81 47.63 (11.0) pt
EBT (33) (40) (21) (18) (3) 28 48 29 27 39 49 n/m
EBT margin, % (10.40) (14.68) (9.33) (7.97) (1.44) 10.71 17.02 9.23 7.50 8.27 9.99 +18.7 pt
Net income (60) (39) (12) (19) (4) 51 40 21 20 28 33 n/m
Per share, $
Per share, $ Revenue 10.33 8.60 7.00 6.85 6.13 7.73 8.67 10.12 11.91 15.41 15.67 +4.5%
Earnings (1.96) (1.25) (0.36) (0.58) (0.11) 1.53 1.25 0.68 0.66 0.91 1.06 n/m
Cash flow 1.50 (1.01) 0.02 (0.19) 0.49 1.96 1.39 1.51 2.30 2.16 3.14 +4.2%
Capex (0.20) (0.25) (0.11) (0.17) (0.13) (0.16) (0.25) (0.17) (0.29) (0.25) (0.26) +2.6%
Free cash flow 1.30 (1.26) (0.09) (0.36) 0.36 1.80 1.14 1.34 2.01 1.91 2.88 +4.4%
Book value 5.31 4.22 4.04 3.51 3.33 4.05 4.79 5.20 5.99 6.57 7.55 +2.4%
Shares, m 31 31 32 33 34 33 32 31 30 31 31 +0.1%
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 14.12 13.01 26.41 34.55 30.14 42.10 11.8
P/S 1.09 0.67 0.85 1.08 1.22 2.80 1.88 1.77 1.91 1.78 2.85 1.5
P/B 2.12 1.37 1.47 2.11 2.24 5.34 3.40 3.46 3.81 4.17 5.91 2.9
EV/Sales 0.66 0.33 0.50 0.79 0.85 2.38 1.53 1.40 1.49 1.39 2.38 1.1
EV/FCF 5.29 (2.22) (40.39) (14.90) 14.29 10.24 11.65 10.58 8.81 11.25 12.93 1.5
Cash, $m
Cash, $m Operating cash flow 46 (32) 1 (6) 16 65 45 47 70 67 98 +4.3%
Capex (6) (8) (3) (6) (4) (5) (8) (5) (9) (8) (8) +2.7%
Free cash flow 40 (40) (3) (12) 12 60 37 42 61 59 90 +4.5%
Balance, $m
Balance, $m Working capital 99 68 35 21 20 23 6 26 44 63 100 (4.9%)
Net debt (135) (94) (78) (66) (76) (106) (98) (118) (156) (186) (231) +3.7%
Shareholders’ equity 163 133 130 116 112 135 155 162 183 203 236 +2.5%
Returns, %
Returns, % ROA (21.85) (16.49) (5.57) (9.90) (1.97) 22.53 14.83 7.27 6.29 7.78 8.39 +29.6 pt
ROIC (75.89) (65.69) (26.52) (24.54) (6.81) 59.21 52.35 37.63 54.13 125.79 579.73 +201.7 pt
ROE (31.66) (26.55) (8.86) (15.67) (3.31) 41.28 27.85 13.27 11.62 14.56 14.96 +46.2 pt
People
People Employees 953 946 669 578 574 614 735 716 781 818 — (1.7%)
Revenue/emp, $m 0.33 0.29 0.34 0.39 0.36 0.42 0.38 0.44 0.47 0.58 — +6.4%
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Liquidity Services, Inc. vs peers in Internet Retail (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
GLBE Global-e Online Ltd. $7.3B 47.5× 34.5× +39.15% (above 0%: growing) +366.67% (above 0%: growing) +15.22% (above 0%: growing) 44.10% 14.94% Compare
VIPS Vipshop Holdings Limited $5.6B 4.5× 4.3× +1.08% (above 0%: growing) +221.95% (above 0%: growing) +38.25% (above 0%: growing) 23.29% 6.15% Compare
PTRN Pattern Group Inc. $3.1B 24.0× 27.2× +38.49% (above 0%: growing) n/m −0.70% (below 0%: shrinking) 43.65% 4.23% Compare
LQDT Liquidity Services, Inc. $1.4B 42.1× 38.1× +8.09% (above 0%: growing) +37.50% (above 0%: growing) +71.33% (above 0%: growing) 49.26% 10.91%
RVLV Revolve Group, Inc. $1.4B 20.2× 25.7× +20.41% (above 0%: growing) −27.20% (below 0%: shrinking) −617.20% (below 0%: shrinking) 53.88% 5.35% Compare
HEPS D-MARKET Electronic Services & Trading Unsponsored ADR $978.8M — (loss-making) — (loss-making) +16.17% (above 0%: growing) n/m −62.03% (below 0%: shrinking) 37.80% (3.04%) Compare
JMIA Jumia Technologies $636.6M — (loss-making) — (loss-making) +13.91% (above 0%: growing) n/m +4.91% (above 0%: growing) 59.10% (23.81%) Compare
RERE ATRenew Inc. Sponsored ADR $566.4M 14.8× 10.0× +39.80% (above 0%: growing) +100.00% (above 0%: growing) −609.63% (below 0%: shrinking) 21.03% 2.70% Compare
TDUP ThredUp Inc. $190.4M — (loss-making) — (loss-making) +16.88% (above 0%: growing) n/m +160.75% (above 0%: growing) 79.90% (6.73%) Compare
Median of peers $1.2B 20.2× 25.7× +18.65% +160.98% +2.11% 43.88% 3.47%

All 42 Internet Retail stocks →

Pay and ownership Proxy statement filed 16 January 2026

Chief executive’s pay

Year Total pay Actually paid $100 invested
2025 5.12m 5.97m 368.00
2024 4.30m 7.12m 306.00
2023 3.77m 4.06m 236.00
2022 4.34m 2.16m 218.00
2021 2.78m 12.91m 290.00

Ownership

Directors and executive officers, together 28.06%
William P. Angrick, III 24.52%
BlackRock, Inc. 10.37%
The Vanguard Group100 Vanguard Blvd. Malvern, PA 5.44%
Renaissance Technologies LLC800 Third AvenueNew York, NY 5.10%
Total pay is as the Summary Compensation Table states it; actually paid revalues the year’s share awards at its end, as the SEC’s pay-versus-performance rule asks. $100 invested is what $100 in the company’s shares at the start of the earliest year shown was worth at each year’s end. Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more. Read the proxy statement

Liquidity Services, Inc. (LQDT) Latest News

29 Oct

Impact 4 · · GlobeNewswire

22 Oct

Impact 3 · · GlobeNewswire

17 Oct

Impact 3 · · Simply Wall St.

2 Oct

Impact 3 ·

1 Oct

Impact 4 · · GlobeNewswire

24 Sep

Impact 3 · · Zacks

10 Sep

Impact 3 ·

1 Sep

Impact 3 ·

28 Aug

Impact 4 · · MarketBeat

20 Aug

Impact 3 ·
Impact 3 ·

13 Aug

Impact 3 · · The Motley Fool transcript

7 Aug

Impact 4 ·

6 Aug

Impact 4 · transcript
Impact 3 · · MarketBeat
Impact 3 · · Moby
Impact 3 ·

22 Jul

Impact 4 · · Trefis

21 Jul

Impact 3 ·

29 May

Impact 3 · · GlobeNewswire

27 May

Impact 3 · · Insider Monkey

8 May

Impact 4 · · MarketBeat
Impact 3 · · Moby transcript

7 May

Impact 4 · · The Motley Fool transcript
Impact 4 · · GlobeNewswire

30 Apr

Impact 4 · · GlobeNewswire

24 Mar

Impact 3 · · GlobeNewswire

4 Mar

Impact 3 · · Zacks

12 Feb

Impact 4 · · Simply Wall St.

8 Feb

Impact 4 · · Simply Wall St.
stockrow.com/LQDT · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com