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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. In the quarter to June 2026, revenue grew 8.09%, EPS grew 37.5% and free cash flow grew 71.3%, each against the same quarter a year earlier. Revenue growth for five consecutive years.

43.86 0.23 −0.52%
Market cap
$1.4B
P/E
41.4×
Fwd P/E
36.1×
Dividend yield
—
F-score
7/9
Altman Z
4.89
Beneish M
−2.80
Dividend safety
n/a
Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total sells 13.88
Totals in millions of $.
Dec 25 Mar 26 Jun 26 Sep 26
Buy — — — — — — — — — — — —
Sell 4 2 — 2 4 2 7 8 1 1 1 1
Insider Ownership 25.67%

Capital & Financial Ratios $m

Market Cap 1,380.00
Revenue 489.62
Net Income 33.26
Free Cash Flow 89.99
Net Debt (231.10)
Current Ratio 1.58 (at or above 1.5: strong)
Debt/Equity 0.00 (at or below 0.5: strong)
P/E ratio 41.38 (above 35: high)
Fwd P/E 36.10 (above 35: high)
P/S ratio 2.80
P/B ratio 5.81
Past 5Y EPS Growth —
This Y EPS Growth 28.91% (at or above 15%: strong)
Next Y EPS Growth 11.52%
Next Y revenue growth (11.30%) (below 0%: weak)
Next 5Y EPS Growth —

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 2.3×, 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 89.62%
10-year low 10-year high
P/S against its own 10 years 93.48%
10-year low 10-year high
P/B against its own 10 years 94.99%
10-year low 10-year high
EV/Sales against its own 10 years 92.11%
10-year low 10-year high
EV/FCF against its own 10 years 71.41%
10-year low 10-year high

Dividends

Payout Ratio —
Annual Dividend Rate —
Annual Dividend Yield —
total individual payouts
2023 Powerpack
2022 Powerpack
2021 Powerpack
2020 Powerpack
2019 Powerpack
2018 Powerpack
2017 Powerpack
special payouts not included in total or ratios

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%

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.

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.

Target Price Range

Analyst price targets

Recommendation Rating

1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to September

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
Price, $
Price, $ Low 4.42 4.34 4.65 5.45 3.01 14.21 11.39 11.97 13.99 21.67

Analyst estimates 2026–2028

Powerpack
High 11.49 10.45 8.00 9.16 19.48 30.00 23.39 21.10 36.00 39.72
People
People Employees 953 946 669 578 574 614 735 716 781 818
Revenue/emp, $m 0.33 0.29 0.34 0.39 0.36 0.42 0.38 0.44 0.47 0.58
Income, $m
Income, $m Revenue 316 270 225 227 206 258 280 314 363 477
Gross margin, % 54.77 53.25 55.42 54.79 53.38 58.19 57.36 54.74 50.97 43.81
EBT (33) (40) (21) (18) (3) 28 48 29 27 39
EBT margin, % (10.40) (14.68) (9.33) (7.97) (1.44) 10.71 17.02 9.23 7.50 8.27
Net income (60) (39) (12) (19) (4) 51 40 21 20 28
Depreciation 7 6 5 5 6 7 10 11 12 10
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
Earnings (1.96) (1.25) (0.36) (0.58) (0.11) 1.53 1.25 0.68 0.66 0.91
Cash flow 1.50 (1.01) 0.02 (0.19) 0.49 1.96 1.39 1.51 2.30 2.16
Capex (0.20) (0.25) (0.11) (0.17) (0.13) (0.16) (0.25) (0.17) (0.29) (0.25)
Free cash flow 1.30 (1.26) (0.09) (0.36) 0.36 1.80 1.14 1.34 2.01 1.91
Book value 5.31 4.22 4.04 3.51 3.33 4.05 4.79 5.20 5.99 6.57
Shares, m 31 31 32 33 34 33 32 31 30 31
Valuation, ×
Valuation, × P/E 0.00 0.00 0.00 0.00 0.00 14.12 13.01 26.41 34.55 30.14
P/S 1.09 0.67 0.85 1.08 1.22 2.80 1.88 1.77 1.91 1.78
P/B 2.12 1.37 1.47 2.11 2.24 5.34 3.40 3.46 3.81 4.17
EV/Sales 0.66 0.33 0.50 0.79 0.85 2.38 1.53 1.40 1.49 1.39
EV/FCF 5.29 (2.22) (40.39) (14.90) 14.29 10.24 11.65 10.58 8.81 11.25
Cash, $m
Cash, $m Operating cash flow 46 (32) 1 (6) 16 65 45 47 70 67
Capex (6) (8) (3) (6) (4) (5) (8) (5) (9) (8)
Free cash flow 40 (40) (3) (12) 12 60 37 42 61 59
Balance, $m
Balance, $m Working capital 99 68 35 21 20 23 6 26 44 63
Total debt — — — — 12 15 15 11 — —
Net debt (135) (94) (78) (66) (76) (106) (98) (118) (156) (186)
Shareholders’ equity 163 133 130 116 112 135 155 162 183 203
Returns, %
Returns, % ROA (21.85) (16.49) (5.57) (9.90) (1.97) 22.53 14.83 7.27 6.29 7.78
ROIC (75.89) (65.69) (26.52) (24.54) (6.81) 59.21 52.35 37.63 54.13 125.79
ROE (31.66) (26.55) (8.86) (15.67) (3.31) 41.28 27.85 13.27 11.62 14.56
Negative figures in brackets.

All 10 years →

Fiscal years to Sep 2025 · latest quarter Jun 2026

Charts ten years each

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. $6.8B 42.7× 28.3× +39.15% (above 0%: growing) +366.67% (above 0%: growing) +15.22% (above 0%: growing) 44.10% 14.94% Compare
VIPS Vipshop Holdings Limited $5.2B 4.1× 5.1× +1.08% (above 0%: growing) +221.95% (above 0%: growing) +38.25% (above 0%: growing) 23.29% 6.15% Compare
OZON Ozon Holdings PLC Sponsored ADR $2.4B — (loss-making) — (loss-making) +31.09% (above 0%: growing) n/m +116.83% (above 0%: growing) 10.69% (9.16%) Compare
RVLV Revolve Group, Inc. $1.7B 22.4× 21.7× +12.44% (above 0%: growing) +85.71% (above 0%: growing) −215.06% (below 0%: shrinking) 56.61% 6.36% Compare
LQDT Liquidity Services, Inc. $1.4B 41.4× 36.1× +8.09% (above 0%: growing) +37.50% (above 0%: growing) +71.33% (above 0%: growing) 49.26% 10.91%
HEPS D-MARKET Electronic Services & Trading Unsponsored ADR $975.2M — (loss-making) — (loss-making) +16.17% (above 0%: growing) n/m −62.03% (below 0%: shrinking) 37.80% (3.04%) Compare
JMIA Jumia Technologies $761.1M — (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 $519.0M 13.5× 10.6× +39.80% (above 0%: growing) +100.00% (above 0%: growing) −609.63% (below 0%: shrinking) 21.03% 2.70% Compare
TDUP ThredUp Inc. $308.6M — (loss-making) — (loss-making) +16.88% (above 0%: growing) n/m +160.75% (above 0%: growing) 79.90% (6.73%) Compare
Median of peers $1.3B 17.9× 16.2× +16.53% +160.98% +10.07% 40.95% (0.17%)

All 42 Internet Retail stocks →

Liquidity Services, Inc. (LQDT) key facts

  • Strength: Liquidity Services, Inc.’s revenue for fiscal 2025 (year ended September 2025) was $476.7 million, up 31.2% from fiscal 2024.
  • Liquidity Services, Inc. (LQDT) is an Internet Retail company in the Consumer Cyclical sector, listed on Nasdaq.
  • As of October 16, 2026, LQDT traded at $43.86, a market capitalization of $1.4 billion.
  • Return on equity was 14.6% and debt-to-equity 0.00.
  • Its Piotroski F-score is 7 out of 9 and its Altman Z-score is 4.89 (safe zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.

Liquidity Services, Inc. (LQDT) Latest News

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