Liquidity Services surpasses revenue and earnings expectations; provides Q1 forecast
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 20 2025
0mins
Should l Buy LQDT?
Source: SeekingAlpha
Q4 Financial Performance: Liquidity Services reported a Q4 Non-GAAP EPS of $0.37, exceeding expectations by $0.08, with revenue of $118.1 million, a 10.5% year-over-year increase, surpassing estimates by $17.24 million.
Growth Metrics: The company achieved a Gross Merchandise Volume (GMV) of $404.5 million, up 12%, and a Non-GAAP Adjusted EBITDA of $18.5 million, reflecting a 28% increase.
Q1-FY26 Guidance: For Q1-FY26, Liquidity Services projects a GMV between $370 to $405 million, GAAP net income of $5.0 to $8.0 million, and Non-GAAP Adjusted EBITDA of $13.5 to $16.5 million.
Earnings Expectations: The guidance includes a GAAP diluted EPS forecast of $0.15 to $0.25 and a Non-GAAP adjusted diluted EPS of $0.25 to $0.35, compared to a consensus estimate of $0.33.
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Analyst Views on LQDT
Wall Street analysts forecast LQDT stock price to rise
2 Analyst Rating
2 Buy
0 Hold
0 Sell
Moderate Buy
Current: 36.190
Low
40.00
Averages
40.00
High
40.00
Current: 36.190
Low
40.00
Averages
40.00
High
40.00
About LQDT
Liquidity Services, Inc. operates a business-to-business e-commerce marketplace platform for surplus assets with buyers and corporate and government sellers. Its segments include GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. GovDeals segment offers solutions that enable government entities including city, county, state and federal agencies and related commercial businesses to sell surplus property and real estate assets through its GovDeals, Bid4Assets and Sierra marketplaces. RSCG segment includes marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. CAG segment enables commercial businesses to sell surplus assets on its AllSurplus marketplace. Machinio segment operates a search engine platform for listing equipment for sale in the construction, agriculture and other sectors. Its Auction software specializes in the development of auction and marketplace solutions.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
New York State Auctions Surplus Helicopter Online
- Auction Details: The State of New York is auctioning a 2000 Bell 430 Executive Helicopter through GovDeals, with bidding open until May 14, 2026, attracting interest from qualified buyers.
- Participation Requirements: Interested parties must register on GovDeals and provide a refundable $10,000 deposit to participate, facilitating broader buyer engagement and competitive bidding.
- Asset Inspection: Buyers are encouraged to inspect the helicopter before bidding, which not only enhances transparency in purchasing decisions but also boosts buyer confidence, potentially leading to higher transaction rates.
- Platform Benefits: GovDeals, as the leading marketplace for government assets, has completed over $15 billion in sales, providing an efficient channel for governments to transparently dispose of surplus assets, thereby generating significant revenue for the state.
See More
New York State Auctions Surplus Helicopter Online
- Auction Details: The State of New York is auctioning a 2000 Bell 430 Executive Helicopter through GovDeals, with bidding open until May 14, 2026, inviting qualified buyers to participate.
- Participation Requirements: Interested bidders must register on GovDeals and provide a refundable $10,000 deposit, establishing a financial commitment that may limit participation to serious buyers.
- Market Benefits: As a leading marketplace for government asset sales, GovDeals offers a transparent platform for acquiring surplus aviation equipment, generating significant revenue for the state through competitive bidding processes.
- Buyer Recommendations: Potential buyers are encouraged to inspect the helicopter before bidding, enhancing transparency and buyer confidence in the auction process.
See More
Liquidity Services Reports Strong Q2 2026 Earnings Amid Challenges
- Strong Financial Performance: Liquidity Services reported a consolidated GMV of $389.9 million and revenue of $120.7 million for Q2 2026, with GAAP EPS at $0.23 and non-GAAP EPS at $0.35, demonstrating resilience amid global tariffs and geopolitical tensions.
- Capital Allocation Priorities: CEO William Angrick emphasized a focus on high-quality internal growth initiatives, complementary acquisitions, and targeted share repurchases, while maintaining a cash reserve of $204 million and zero financial debt to support future strategic developments.
- Business Growth Momentum: The D2C marketplace, Retail Rush, saw over 100% sequential GMV growth in Q2, and despite weather-related challenges, GovDeals signed 30% more new accounts, indicating strong momentum in both retail and government transaction markets.
- Optimistic Outlook: CFO Jorge Celaya guided Q3 2026 GMV to range between $425 million and $465 million, with non-GAAP adjusted EBITDA expected between $17 million and $20 million, reflecting confidence in seasonal growth prospects.
See More
Liquidity Services Q2 Financial Highlights
- Revenue Growth: Liquidity Services reported Q2 revenue of $83.23 million, reflecting a modest year-over-year increase of 0.7%, indicating stable performance in a competitive market despite limited growth.
- Gross Merchandise Volume Increase: The gross merchandise volume (GMV) reached $389.9 million, up 6% year-over-year, demonstrating positive progress in driving transaction volume, which is crucial for expanding market share and customer base.
- Significant Non-GAAP EBITDA Growth: Non-GAAP adjusted EBITDA surged to $16.7 million, a 37% increase, highlighting substantial improvements in cost control and operational efficiency, thereby enhancing profitability.
- Strong Cash Position: The company holds cash balances of $204 million with zero financial debt, providing a robust financial foundation for future investments and expansions, which bolsters market confidence.
See More
Liquidity Services to Announce Q2 Earnings on May 7th
- Earnings Announcement: Liquidity Services (LQDT) is set to release its Q2 earnings report on May 7th before market open, with a consensus EPS estimate of $0.30, reflecting a 3.2% year-over-year decline, indicating slight pressure on profitability.
- Historical Performance: Over the past two years, LQDT has exceeded EPS estimates 100% of the time and revenue estimates 88% of the time, demonstrating the company's stability in financial forecasting and bolstering market confidence.
- Estimate Revision Trends: In the last three months, LQDT's EPS estimates have seen one upward revision with no downward adjustments, reflecting analysts' optimistic outlook on the company's future profitability, which could positively impact the stock price.
- Market Attention: As the earnings report approaches, investor interest in Liquidity Services is rising, particularly given its track record of exceeding expectations, which may attract more investors and further drive up the stock price.
See More
Gainesville Conducts Online Real Estate Auction for Downtown Parcel
- Auction Details: The City of Gainesville is hosting an online real estate auction on GovDeals for a buildable parcel of approximately 0.91 acres located in the downtown business district, previously a fire station, with bidding starting at $200,000 and closing on April 28, 2026.
- Bidding Requirements: Interested bidders must submit a refundable $5,000 bid deposit to GovDeals to qualify for bidding, which aims to attract a wider pool of qualified buyers while ensuring a transparent and competitive auction process.
- Transaction Terms: The property is offered 'as is, where is,' with buyers responsible for title insurance and customary closing costs, and the closing date will be mutually agreed upon, with a 60-day due diligence period commencing after the purchase agreement's effective date.
- GovDeals Platform Benefits: GovDeals is the world's leading marketplace for surplus government and educational assets, specializing in transparent surplus disposition technology, having completed over $15 billion in sales, providing buyers with centralized access to all surplus assets across its network.
See More
New York State Auctions Surplus Helicopter Online
- Auction Details: The State of New York is auctioning a 2000 Bell 430 Executive Helicopter through GovDeals, with bidding open until May 14, 2026, attracting interest from qualified buyers.
- Participation Requirements: Interested parties must register on GovDeals and provide a refundable $10,000 deposit to participate, facilitating broader buyer engagement and competitive bidding.
- Asset Inspection: Buyers are encouraged to inspect the helicopter before bidding, which not only enhances transparency in purchasing decisions but also boosts buyer confidence, potentially leading to higher transaction rates.
- Platform Benefits: GovDeals, as the leading marketplace for government assets, has completed over $15 billion in sales, providing an efficient channel for governments to transparently dispose of surplus assets, thereby generating significant revenue for the state.
See More
New York State Auctions Surplus Helicopter Online
- Auction Details: The State of New York is auctioning a 2000 Bell 430 Executive Helicopter through GovDeals, with bidding open until May 14, 2026, inviting qualified buyers to participate.
- Participation Requirements: Interested bidders must register on GovDeals and provide a refundable $10,000 deposit, establishing a financial commitment that may limit participation to serious buyers.
- Market Benefits: As a leading marketplace for government asset sales, GovDeals offers a transparent platform for acquiring surplus aviation equipment, generating significant revenue for the state through competitive bidding processes.
- Buyer Recommendations: Potential buyers are encouraged to inspect the helicopter before bidding, enhancing transparency and buyer confidence in the auction process.
See More
Liquidity Services Reports Strong Q2 2026 Earnings Amid Challenges
- Strong Financial Performance: Liquidity Services reported a consolidated GMV of $389.9 million and revenue of $120.7 million for Q2 2026, with GAAP EPS at $0.23 and non-GAAP EPS at $0.35, demonstrating resilience amid global tariffs and geopolitical tensions.
- Capital Allocation Priorities: CEO William Angrick emphasized a focus on high-quality internal growth initiatives, complementary acquisitions, and targeted share repurchases, while maintaining a cash reserve of $204 million and zero financial debt to support future strategic developments.
- Business Growth Momentum: The D2C marketplace, Retail Rush, saw over 100% sequential GMV growth in Q2, and despite weather-related challenges, GovDeals signed 30% more new accounts, indicating strong momentum in both retail and government transaction markets.
- Optimistic Outlook: CFO Jorge Celaya guided Q3 2026 GMV to range between $425 million and $465 million, with non-GAAP adjusted EBITDA expected between $17 million and $20 million, reflecting confidence in seasonal growth prospects.
See More
Liquidity Services Q2 Financial Highlights
- Revenue Growth: Liquidity Services reported Q2 revenue of $83.23 million, reflecting a modest year-over-year increase of 0.7%, indicating stable performance in a competitive market despite limited growth.
- Gross Merchandise Volume Increase: The gross merchandise volume (GMV) reached $389.9 million, up 6% year-over-year, demonstrating positive progress in driving transaction volume, which is crucial for expanding market share and customer base.
- Significant Non-GAAP EBITDA Growth: Non-GAAP adjusted EBITDA surged to $16.7 million, a 37% increase, highlighting substantial improvements in cost control and operational efficiency, thereby enhancing profitability.
- Strong Cash Position: The company holds cash balances of $204 million with zero financial debt, providing a robust financial foundation for future investments and expansions, which bolsters market confidence.
See More
Liquidity Services to Announce Q2 Earnings on May 7th
- Earnings Announcement: Liquidity Services (LQDT) is set to release its Q2 earnings report on May 7th before market open, with a consensus EPS estimate of $0.30, reflecting a 3.2% year-over-year decline, indicating slight pressure on profitability.
- Historical Performance: Over the past two years, LQDT has exceeded EPS estimates 100% of the time and revenue estimates 88% of the time, demonstrating the company's stability in financial forecasting and bolstering market confidence.
- Estimate Revision Trends: In the last three months, LQDT's EPS estimates have seen one upward revision with no downward adjustments, reflecting analysts' optimistic outlook on the company's future profitability, which could positively impact the stock price.
- Market Attention: As the earnings report approaches, investor interest in Liquidity Services is rising, particularly given its track record of exceeding expectations, which may attract more investors and further drive up the stock price.
See More
Gainesville Conducts Online Real Estate Auction for Downtown Parcel
- Auction Details: The City of Gainesville is hosting an online real estate auction on GovDeals for a buildable parcel of approximately 0.91 acres located in the downtown business district, previously a fire station, with bidding starting at $200,000 and closing on April 28, 2026.
- Bidding Requirements: Interested bidders must submit a refundable $5,000 bid deposit to GovDeals to qualify for bidding, which aims to attract a wider pool of qualified buyers while ensuring a transparent and competitive auction process.
- Transaction Terms: The property is offered 'as is, where is,' with buyers responsible for title insurance and customary closing costs, and the closing date will be mutually agreed upon, with a 60-day due diligence period commencing after the purchase agreement's effective date.
- GovDeals Platform Benefits: GovDeals is the world's leading marketplace for surplus government and educational assets, specializing in transparent surplus disposition technology, having completed over $15 billion in sales, providing buyers with centralized access to all surplus assets across its network.
See More
