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Earnings transcript
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LQDT
Liquidity Services, Inc.
$37.74
1.09
(2.97%)
| Exchange: | NASDAQ |
| Market Cap: | 1.177B |
| Shares Outstanding: | 13.561M |
Delayed data
About The Company
| Sector: | Consumer Cyclical | |||||
| Industry: | Specialty Retail | |||||
| CEO: | William Paul Angrick | |||||
| Full Time Employees: | 781 | |||||
| Address: |
| |||||
| Website: | https://www.liquidityservices.com |
Liquidity Services, Inc. delivers comprehensive e-commerce solutions, featuring online marketplaces, self-service auction listing tools, and a variety of support services. The company’s operations are structured into four distinct segments: Retail Supply Chain Group, Capital Assets Group, GovDeals, and Machinio. Among its key platforms, liquidation.com empowers corporations to efficiently divest surplus and salvaged consumer goods and retail capital assets. The GovDeals marketplace offers a direct listing service, enabling state and local government agencies, as well as commercial enterprises in the United States and Canada, to sell their own excess and salvaged property. Complementing these, AllSurplus functions as a centralized gateway, uniting a global network of buyers with assets sourced from across all the company’s diverse marketplaces. Moreover, Liquidity Services operates marketplaces that facilitate the sale of manufacturing surplus, salvaged capital equipment, and scrap materials for corporations spanning North America, Europe, Australia, Asia, and Africa. Clients can also leverage an extensive suite of services, including inventory surplus management, asset appraisal, sales execution, marketing, returns processing, asset recovery, and broader e-commerce assistance. The company further maintains a global search engine platform dedicated to listings of pre-owned equipment across vital sectors such as construction, machine tools, transportation, printing, and agriculture. Its product offerings are vast, covering industry verticals like consumer electronics, general merchandise, apparel, scientific instruments, aerospace components, technology hardware, real estate, energy apparatus, industrial capital machinery, heavy equipment, fleet and transportation vehicles, and specialized machinery. Established in 1999, Liquidity Services, Inc. maintains its corporate headquarters in Bethesda, Maryland.
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Revenue Segmentation
EPS
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Earnings Call
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Key takeaways
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Login — it's freeIncome Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Revenue | 314,462 | 363,318 | 476,669 |
| Gross Profit | 172,140 | 185,166 | 208,815 |
| EBITDA | 37,359 | 35,524 | 45,475 |
| Operating Income | 26,105 | 23,404 | 35,066 |
| Net Income | 20,978 | 19,991 | 28,093 |
(* All numbers are in thousands)
Balance Sheet
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Total Assets | 288,970 | 346,888 | 375,101 |
| Total Liabilities | 127,437 | 164,328 | 171,859 |
| Total Stockholders Equity | 161,535 | 182,560 | 203,242 |
| Total Debt | 10,682 | 14,437 | 13,794 |
| Cash and Cash Equivalents | 110,281 | 153,226 | 174,607 |
(* All numbers are in thousands)
Cash Flow Statement
| Year | 2023 | 2024 | 2025 |
|---|---|---|---|
| Operating Cash Flow | 47,016 | 70,221 | 66,758 |
| Capital Expenditure | -5,386 | -8,907 | -7,800 |
| Free Cash Flow | 41,630 | 61,314 | 58,958 |
| Net Income | 20,978 | 19,991 | 28,093 |
| Net Change in Cash | 14,159 | 42,945 | 21,381 |
(* All numbers are in thousands)
Analyst Estimates
| Fiscal Year | 2027 | Full Access | Full Access | Full Access | Full Access |
|---|---|---|---|---|---|
| Estimated Revenue (Low) | 251,128 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (High) | 251,128 | Full Access | Full Access | Full Access | Full Access |
| Estimated Revenue (Avg) | 251,128 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Low) | 28,286.190 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (High) | 28,286.190 | Full Access | Full Access | Full Access | Full Access |
| Estimated Ebitda (Avg) | 28,286.190 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Low) | 54,936.773 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (High) | 54,936.773 | Full Access | Full Access | Full Access | Full Access |
| Estimated Net Income (Avg) | 54,936.773 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Low) | 60,064.259 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (High) | 60,064.259 | Full Access | Full Access | Full Access | Full Access |
| Estimated SGA Expense (Avg) | 60,064.259 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Avg) | 1.700 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (High) | 1.700 | Full Access | Full Access | Full Access | Full Access |
| Estimated EPS (Low) | 1.700 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated Revenue) | 1 | Full Access | Full Access | Full Access | Full Access |
| Number of Analysts (Estimated EPS) | 1 | Full Access | Full Access | Full Access | Full Access |
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Current Key Metrics
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Login — it's freeForward P/E Ratios
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Login — it's freeSWOT Analysis
Strengths (preview)
- Record Financial Performance: As highlighted in the Q1 FY2025 earnings call, LQDT reported record quarterly results, reflecting strong revenue growth and operational efficiency. Key metrics such as net income and operating cash flow likely demonstrate robust profitability, supported by a solid gross profit margin (TTM data from Key Metrics).
- Strong Financial Foundation: The balance sheet indicates a healthy position with significant cash and cash equivalents relative to total liabilities, suggesting liquidity to fund operations and growth initiatives. A favorable current ratio (TTM) further supports short-term financial stability.
- Strategic Positioning in Circular Economy: The earnings call emphasized LQDT’s focus on sustainability and the circular economy, aligning with industry trends in the sector (SectorName data). This positioning enhances brand value and market relevance, particularly in environmentally conscious markets.
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At what price to buy it? -
Intrinsic Value Calculator
Based on current fundamentals and analyst forecasts, MARKETSnap estimates LQDT intrinsic value between $25.11 – $28.52 per share. This depends on revenue growth, margins, and discount rate.
This is an automatic estimate. The most reliable way to know fair value for your own assumptions is to run the calculator below.
[intrinsic_calculator]
Common questions about LQDT valuation
Is Liquidity Services, Inc. (LQDT) overvalued or undervalued right now?
MARKETSnap estimates intrinsic value for Liquidity Services, Inc. (LQDT) using its proprietary valuation methodology, which incorporates discounted cash flow (DCF) analysis together with long-term earnings and fundamentals assumptions. By comparing intrinsic value to the current market price, long-term investors can see whether the stock screens as potentially overvalued, fairly valued, or undervalued today.
Is LQDT a buy, hold, or sell for long-term investors?
MARKETSnap does not give one-word “buy” or “sell” calls. Instead, it shows whether LQDT trades at a premium or discount to its estimated intrinsic value, how sensitive that value is to growth and margin assumptions, and how the stock fits into a diversified, long-term portfolio so investors can make their own buy, hold, or sell decision.
What is LQDT’s P/E ratio?
You can see LQDT’s trailing P/E (TTM) and forward P/E estimates in the Current Key Metrics and Forward P/E Ratios sections above. The P/E ratio compares the current share price to earnings per share and helps investors gauge valuation relative to earnings.
How is intrinsic value calculated for LQDT?
MARKETSnap uses its own valuation framework—not a generic spreadsheet DCF alone. Future cash flows and earnings are projected, discounted, and combined with MARKETSnap’s methodology so intrinsic value reflects fundamentals and long-term assumptions. You can run your own inputs and see the result using the Intrinsic Value Calculator above.
Is LQDT a good long-term investment?
Whether LQDT fits a long-term portfolio depends on your assumptions about growth, margins, and risk. MARKETSnap provides the metrics, intrinsic value calculator, and SWOT context so you can form your own view rather than rely on a single buy/sell rating.
LQDT
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Daily snapshot
2.97
Trading Metrics:
| Open: | 36.93 | Previous Close: | 36.65 | |
| Day Low: | 36.93 | Day High: | 37.92 | |
| Year Low: | 21.67 | Year High: | 38.83 | |
| Price Avg 50: | 34.26 | Price Avg 200: | 29.99 | |
| Volume: | 151577 | Average Volume: | 169661 |
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Login — it's freeLQDT full analysis
Welcome to MARKETSNAP’s SWOT analysis for Liquidity Services, Inc., also known by its ticker LQDT. If you’re not familiar with this company, let me give you the quick rundown. Liquidity Services operates in the online auction marketplace space, focusing on surplus and returned goods, essentially playing a key role in the circular economy. They’re in the specialty retail industry within the broader consumer cyclical sector, connecting buyers and sellers of excess inventory through their digital platforms. Think of them as…
