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Liquidity Services LQDT Q4 2025 Annual earnings

Reported November 20, 2025 · Before market open

Revenue$118.1MBeat by $17.2M
EPS$0.37Beat by $0.08
Revenue estimate$100.9M
EPS estimate$0.29

Next report

Aug 6, 2026 (In 1 week)
Revenue estimate$57.8M
EPS estimate$0.35

Financials

Q4 2025

Income statement

See full
Revenue$118.1M+10.4%
Gross profit$56.5M+15.8%
Operating income$11.0M+50.8%
Net income$7.8M+22.7%
EPS (diluted)$0.24+20.0%

Balance sheet

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Cash & equivalents$174.6M+14.0%
Total debt$14.1M-2.2%
Total equity$203.2M+11.3%
Total assets$375.1M+8.1%

Cash flow

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Operating cash flow$38.0M+72.6%
CapEx$2.0M-29.1%
Free cash flow$36.0M+87.7%

Valuation & ratios

Valuation

as of 09/30/25
See full
Market cap$856.83M+23.7%
Enterprise value$696.35M+25.7%
P/E30.5×-4.2×
P/S1.8×-0.1×

Profitability

See full
Gross margin43.8%-7.2pp
Operating margin7.4%+0.9pp
Net margin5.9%+0.4pp
FCF margin12.4%-4.5pp

Returns & leverage

See full
Return on equity14.6%+2.9pp
Debt / equity0.1×0.0×
Current ratio1.4×+0.1×

Segments

By segment

See full
RSCG$78.4M+6.3%
Gov Deals$23.7M+17.4%
CAG$10.7M+20.1%

By product

See full
Consignment And Other Fee Revenues$44.7M+12.2%

Versus estimates

Revenue

Q2 2026$120.7MBeat by $67.9MQ1 2026$121.2MBeat by $69.5M
Q4 2025$118.1MBeat by $17.2M
Q3 2025$119.9MBeat by $9.8MQ2 2025$116.4MMiss by $4.6MQ1 2025$122.3MBeat by $914.0K

Diluted EPS

Q2 2026$0.35Beat by $0.05Q1 2026$0.39Beat by $0.08
Q4 2025$0.37Beat by $0.08
Q3 2025$0.34Beat by $0.03Q2 2025$0.31Beat by $0.01Q1 2025$0.28Beat by $0.06

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Questions, answered.

When did Liquidity Services report Q4 2025 earnings?
Liquidity Services (LQDT) reported Q4 2025 earnings on November 20, 2025 before market open.
What were Liquidity Services's Q4 2025 revenue and EPS?
Liquidity Services reported revenue of $118.1M and eps of $0.37 for Q4 2025.
Did Liquidity Services beat estimates in Q4 2025?
Revenue beat the consensus estimate of $100.9M by $17.2M. EPS beat the consensus estimate of $0.29 by $0.08.
How did Liquidity Services's Q4 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 10.4% from $106.9M a year earlier and eps grew 15.6% from $0.32.
Where can I find Liquidity Services's Q4 2025 SEC filings?
You can read the 8-K earnings release (0001193125-25-288849) and the 10-K periodic report (0001193125-25-289159) directly on SEC EDGAR. The filing index links above go to sec.gov.