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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+68.8%
Enterprise value$1.1B+73.9%
P/E39.4×+10.3×
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:RevenueFromContractWithCustomerExcludingAssessedTax.

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

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

| Revenue by geographic area | | | | | United States | $433,258 | $323,303 | $278,734 | | Rest of the world | 43,411 | 40,015 | 35,729 | | Consolidated | $476,669 | $363,318 | $314,462 |

Item 15. Exhibits and Financial Statement Schedules.

FAQ

What is Liquidity Services's US — revenue?
Liquidity Services (LQDT) reported US — revenue of $108.31M in Q3 2025.
How has Liquidity Services's US — revenue changed year-over-year?
Liquidity Services's US — revenue increased by 34.0% year-over-year, from $80.83M to $108.31M.
What is the long-term trend for Liquidity Services's US — revenue?
Over 4 years (2021 to 2025), Liquidity Services's US — revenue has grown at a 19.3% compound annual growth rate (CAGR), from $214.16M to $433.26M.
What does US — revenue mean?
This metric represents the total gross revenue generated from marketplace transactions and service fees within the domestic geographic segment, excluding any pass-through sales taxes. It serves as a primary indicator of the company's market penetration and transaction volume growth within its core operating region. By isolating revenue from tax assessments, it provides a clear view of the underlying demand for the company's e-commerce auction services.

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