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Liquidity Services LQDT Technology And Operations Expense

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Other financials

Income statement

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Revenue$120.7M+3.7%
Gross profit$55.9M+17.8%
Operating income$9.6M+41.4%
Net income$7.5M+6.7%
EPS (diluted)$0.23+4.5%

Balance sheet

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Cash & equivalents$195.3M+41.0%
Total debt$15.3M+0.7%
Total equity$222.1M+13.1%
Total assets$400.4M+11.6%

Cash flow

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Operating cash flow$29.5M+36.5%
CapEx$2.1M+14.9%
Free cash flow$27.4M+38.5%

Valuation

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Market cap$1.21B-1.5%
Enterprise value$1.03B-8.5%
P/E40.1×-8.7×
P/S2.5×-0.3×

Profitability

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Gross margin46.7%+2.1pp
Operating margin8.4%+1.8pp
Net margin6.3%+0.6pp
FCF margin16.2%+5.9pp

Returns & leverage

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Return on equity14.5%+0.4pp
Debt / equity0.1×0.0×
Current ratio1.5×+0.2×

Where this comes from

Reported directly by Liquidity Services in its filing.

Tagged under the XBRL concept lqdt:TechnologyAndOperationsExpense.

The official record: Liquidity Services’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Liquidity Services's technology and operations expense?
Liquidity Services (LQDT) reported technology and operations expense of $18.32M in Q1 2026.
How has Liquidity Services's technology and operations expense changed year-over-year?
Liquidity Services's technology and operations expense increased by 8.5% year-over-year, from $16.88M to $18.32M.
What is the long-term trend for Liquidity Services's technology and operations expense?
Over 4 years (2021 to 2025), Liquidity Services's technology and operations expense has grown at a 9.5% compound annual growth rate (CAGR), from $47.69M to $68.54M.
What does technology and operations expense mean?
This metric represents the aggregate costs associated with maintaining the digital infrastructure, platform development, and operational support required to facilitate online marketplace transactions. It captures investments in software engineering, data center maintenance, and the personnel necessary to manage auction logistics and customer service. Monitoring this expense helps assess the scalability of the company's e-commerce technology stack relative to transaction volume.