Liquidity Services, Inc. (LQDT) Stock Analysis
Consumer Cyclical · Internet Retail · NasdaqGS
Liquidity Services, Inc. (LQDT) posted $476.67M in revenue for fiscal 2025 (up 31.2% year over year), at a 5.9% net margin, and has compounded revenue about 18.3%/yr over five years, per its SEC filings.
Data last refreshed August 2, 2026 from SEC filings · how we compute this
The analyst's take on Liquidity Services, Inc.
Liquidity Services, Inc. has grown revenue from $316.45M to $476.67M over the last 10 fiscal years, compounding about 18.3% a year. The most recent year was up 31.2%, so growth is actually accelerating.
Net margin sits at 5.9%, up 0.4 points year over year on a 43.8% gross margin.
At today's valuation the market is pricing in roughly 7.8% annual free-cash-flow growth — versus the 36.8% it actually delivered over the last five years, so the price is arguably undemanding against what it has already proven. The one thing worth a second look in the filings is net margin shrinking.
Synthesised from Liquidity Services, Inc.'s SEC filings — descriptive, not advice. Ask the analyst your own question →
Liquidity Services, Inc. revenue & earnings — last 10 fiscal years
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $316.45M | $270.01M | $224.51M | $226.53M | $205.94M | $257.53M | $280.05M | $314.46M | $363.32M | $476.67M |
| Gross profit | $162.11M | $124.49M | $109.71M | $113.28M | $109.92M | $149.85M | $160.64M | $172.14M | $185.17M | $208.81M |
| Net income | $0 | $0 | $0 | $0 | $0 | $50.95M | $40.32M | $20.98M | $19.99M | $28.09M |
| Net margin | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% | 19.8% | 14.4% | 6.7% | 5.5% | 5.9% |
Source: Liquidity Services, Inc. SEC filings (10-K). 17 years of history available in the interactive view.
Liquidity Services, Inc.: 1 potential red flag in the filings
Patterns in the filed statements worth a second look — computed and cited, not AI guesswork, and not a signal to sell. The kind of thing that hides in a 10-K.
- Net margin shrinkingNet margin fell from 14.4% to 5.9% over ~3 years — profitability is compressing.
What growth is priced into LQDT stock?
At today's market cap of $1.18B, Liquidity Services, Inc. is priced for free-cash-flow growth of about 7.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $58.96M from the FY ending 2025-09-30). For comparison, free cash flow actually grew 36.8%/yr over the last five fiscal years and revenue 18.3%/yr, computed from its SEC filings. This is a reverse DCF — a translation of the price into a growth assumption you can judge, not a fair value and not advice. Change the assumptions yourself in the interactive view →
Explore 17 years of Liquidity Services, Inc. financials — interactive
Full income statement, balance sheet and cash flow with CAGR and trend on every row, 48 quarters, valuation ratios, plain-English health checks, and Ask — our SEC-grounded research assistant.
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Liquidity Services, Inc. financial history by metric
Compare Liquidity Services, Inc. with peers
About Liquidity Services, Inc.
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.
Liquidity Services, Inc. — frequently asked questions
What is Liquidity Services, Inc.'s revenue?
Liquidity Services, Inc. (LQDT) reported revenue of $476.67M for fiscal year 2025, up 31.2% from the prior year, according to its SEC filings.
Is Liquidity Services, Inc. profitable?
Yes. LQDT earned net income of $28.09M in fiscal 2025, a net margin of 5.9%.
What is LQDT's P/E ratio?
Liquidity Services, Inc. trades at a price-to-earnings ratio of about 40.8 based on the latest data in our nightly-refreshed cache.
How fast is Liquidity Services, Inc. growing?
LQDT's revenue grew at roughly 18.3% per year over the last five fiscal years (compound annual growth rate), computed from SEC-filed statements.
How much debt does Liquidity Services, Inc. have?
As of fiscal year 2025, LQDT carried roughly $0 in total debt (short- plus long-term borrowings), per its filed balance sheet.
What is Liquidity Services, Inc.'s gross margin?
LQDT's gross margin was 43.8% in fiscal 2025 — gross profit of $208.81M on revenue of $476.67M.
What is Liquidity Services, Inc.'s market cap?
Liquidity Services, Inc. (LQDT) has a market capitalization of about $1.18B, based on the latest data in our nightly-refreshed cache.
When does Liquidity Services, Inc.'s fiscal year end?
LQDT's fiscal year ends in September. Its most recent annual filing covers the fiscal year ending 2025-09-30.
What growth is priced into LQDT stock?
At today's market cap of $1.18B, Liquidity Services, Inc. is priced for free-cash-flow growth of about 7.8% per year for 10 years (assuming a 10% discount rate and 2.5% terminal growth, base FCF $58.96M from the FY ending 2025-09-30). For comparison, free cash flow actually grew 36.8%/yr over the last five fiscal years and revenue 18.3%/yr, computed from its SEC filings.
Where does this data come from?
All figures are computed from Liquidity Services, Inc.'s official SEC filings (10-K and 10-Q), covering 17 years of history, refreshed nightly. stockportfolio.pro does not provide investment advice.