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Liquidity Services LQDT Impairment Charges

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Other financials

Income statement

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Revenue$129.6M+8.1%
Gross profit$63.8M+16.6%
Operating income$14.1M+38.4%
Net income$10.4M+40.7%
EPS (diluted)$0.32+39.1%

Balance sheet

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Cash & equivalents$219.8M+41.2%
Total debt$13.8M-4.7%
Total equity$235.9M+13.0%
Total assets$420.1M+12.8%

Cash flow

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Operating cash flow$31.2M+61.8%
CapEx$1.8M-15.9%
Free cash flow$29.4M+71.3%

Valuation

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Market cap$1.31B+71.8%
Enterprise value$1.1B+77.6%
P/E39.4×+10.8×
P/S2.7×+1.0×

Profitability

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Gross margin47.6%+4.4pp
Operating margin9%+2.3pp
Net margin6.8%+1.1pp
FCF margin18.4%+9.3pp

Returns & leverage

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Return on equity15%+1.0pp
Debt / equity0.1×0.0×
Current ratio1.6×+0.2×

Where this comes from

Reported directly by Liquidity Services in its filing.

Tagged under the XBRL concept us-gaap:AssetImpairmentCharges.

The source filing: Liquidity Services’s 10-K, filed November 20, 2025.

Filed
Nov 20, 2025
Fiscal year
FY2025
Accession
0001193125-25-289159

| Operating activities | | | | | Net income | $28,093 | $19,991 | $20,978 | | Inventory adjustment to net realizable value | 539 | 163 | 1,048 | | Provision for doubtful accounts | 356 | 839 | 1,390 | | Deferred tax expense | 2,396 | 5,323 | 6,578 | | Impairment of long-lived and other non-current assets | 459 | — | — | | (Gain) loss on disposal of property and equipment | 36 | (14) | (36) | | Changes in operating assets and liabilities: | | | | | Accounts receivable | 233 | (4,269) | 2,725 | | Inventory | 5,241 | 4,949 | (479) |

Item 15. Exhibits and Financial Statement Schedules.

FAQ

What is Liquidity Services's impairment charges?
Liquidity Services (LQDT) reported impairment charges of $114.75K in Q3 2025.
What is the long-term trend for Liquidity Services's impairment charges?
Over 2 years (2022 to 2025), Liquidity Services's impairment charges has grown at a 284.8% compound annual growth rate (CAGR), from $31K to $459K.
What does impairment charges mean?
Non-cash asset impairment charges added back in the operating cash flow reconciliation since they don't represent cash outflows.

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