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Stocks · Industrials · Services-Business Services, NEC

LIQUIDITY SERVICES INC

LQDT Clue Score49
United States Fiscal year ends September CIK 0001235468
$43.39 +0.60% Close, 12 Oct 2026
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Price $43.39 +116.09% Close, 12 Oct 2026

Closing prices at the end of each trading day, from 13 Oct 2016. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2017Revenue270.0Operating income−40.2Fiscal year 2018Revenue224.5 −16.9%Operating income−21.7Fiscal year 2019Revenue226.5 +0.9%Operating income−19.5EPS, diluted−0.58Fiscal year 2020Revenue205.9 −9.1%Operating income−3.9EPS, diluted−0.11Fiscal year 2021Revenue257.5 +25.1%Operating income27.2Net income50.9EPS, diluted1.45Fiscal year 2022Revenue280.1 +8.7%Operating income47.4Net income40.3 −20.9%EPS, diluted1.20 −17.2%Fiscal year 2023Revenue314.5 +12.3%Operating income26.1Net income21.0 −48.0%EPS, diluted0.65 −45.8%Fiscal year 2024Revenue363.3 +15.5%Operating income23.4Net income20.0 −4.7%EPS, diluted0.63 −3.1%Fiscal year 2025Revenue476.7 +31.2%Operating income35.1Net income28.1 +40.5%EPS, diluted0.87 +38.1%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 270.0 224.5 226.5 205.9 257.5 280.1 314.5 363.3 476.7
Growth −16.9% +0.9% −9.1% +25.1% +8.7% +12.3% +15.5% +31.2%
Operating income −40.2 −21.7 −19.5 −3.9 27.2 47.4 26.1 23.4 35.1
Net income n/a n/a n/a n/a 50.9 40.3 21.0 20.0 28.1
Growth −20.9% −48.0% −4.7% +40.5%
EPS, diluted n/a n/a −0.58 −0.11 1.45 1.20 0.65 0.63 0.87
Growth −17.2% −45.8% −3.1% +38.1%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2017Gross margin46.1%Operating margin−14.9%Free cash flow margin−14.6%Fiscal year 2018Gross margin48.9%Operating margin−9.7%Free cash flow margin−1.6%Fiscal year 2019Gross margin50.0%Operating margin−8.6%Free cash flow margin−5.4%Fiscal year 2020Gross margin53.4%Operating margin−1.9%Free cash flow margin6.0%Fiscal year 2021Gross margin58.2%Operating margin10.5%Net margin19.8%Free cash flow margin23.3%Fiscal year 2022Gross margin57.4%Operating margin16.9%Net margin14.4%Free cash flow margin13.1%Fiscal year 2023Gross margin54.7%Operating margin8.3%Net margin6.7%Free cash flow margin13.2%Fiscal year 2024Gross margin51.0%Operating margin6.4%Net margin5.5%Free cash flow margin16.9%Fiscal year 2025Gross margin43.8%Operating margin7.4%Net margin5.9%Free cash flow margin12.4%
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 46.1% 48.9% 50.0% 53.4% 58.2% 57.4% 54.7% 51.0% 43.8%
Operating margin −14.9% −9.7% −8.6% −1.9% 10.5% 16.9% 8.3% 6.4% 7.4%
Net margin n/a n/a n/a n/a 19.8% 14.4% 6.7% 5.5% 5.9%
Free cash flow margin −14.6% −1.6% −5.4% 6.0% 23.3% 13.1% 13.2% 16.9% 12.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2017Operating cash flow−31.7Capital expenditure−7.8Free cash flow−39.5Fiscal year 2018Operating cash flow0.6Capital expenditure−4.2Free cash flow−3.6Buybacks0.0Fiscal year 2019Operating cash flow−6.2Capital expenditure−5.9Free cash flow−12.2Buybacks0.0Fiscal year 2020Operating cash flow16.5Capital expenditure−4.2Free cash flow12.3Buybacks−4.0Fiscal year 2021Operating cash flow65.4Capital expenditure−5.4Free cash flow60.0 +388.1%Buybacks−31.1Fiscal year 2022Operating cash flow44.8Capital expenditure−8.1Free cash flow36.7 −38.8%Buybacks−25.4Fiscal year 2023Operating cash flow47.0Capital expenditure−5.4Free cash flow41.6 +13.4%Buybacks−21.2Fiscal year 2024Operating cash flow70.2Capital expenditure−8.9Free cash flow61.3 +47.3%Buybacks−9.4Fiscal year 2025Operating cash flow66.8Capital expenditure−7.8Free cash flow59.0 −3.8%Buybacks−16.2
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow −31.7 0.6 −6.2 16.5 65.4 44.8 47.0 70.2 66.8
Capital expenditure −7.8 −4.2 −5.9 −4.2 −5.4 −8.1 −5.4 −8.9 −7.8
Free cash flow −39.5 −3.6 −12.2 12.3 60.0 36.7 41.6 61.3 59.0
Growth +388.1% −38.8% +13.4% +47.3% −3.8%
Buybacks n/a 0.0 0.0 −4.0 −31.1 −25.4 −21.2 −9.4 −16.2

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
Cash
Fiscal year 2017Cash94.3Shareholders’ equity132.6Fiscal year 2018Cash58.4Shareholders’ equity129.7Fiscal year 2019Cash36.5Shareholders’ equity116.2Fiscal year 2020Cash76.0Shareholders’ equity111.8Fiscal year 2021Cash106.3Shareholders’ equity135.0Fiscal year 2022Cash96.1Shareholders’ equity154.5Fiscal year 2023Cash110.3Shareholders’ equity161.5Fiscal year 2024Cash153.2Shareholders’ equity182.6Fiscal year 2025Cash174.6Shareholders’ equity203.2
FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 94.3 58.4 36.5 76.0 106.3 96.1 110.3 153.2 174.6
Shareholders’ equity 132.6 129.7 116.2 111.8 135.0 154.5 161.5 182.6 203.2

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Balance sheet

In millions of USD, except per-share figures; shares in millions. Fiscal years ending September, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2017 30 Sep 2017 FY2018 30 Sep 2018 FY2019 30 Sep 2019 FY2020 30 Sep 2020 FY2021 30 Sep 2021 FY2022 30 Sep 2022 FY2023 30 Sep 2023 FY2024 30 Sep 2024 FY2025 30 Sep 2025
Assets
94.3 58.4 36.5 76.0 106.3 96.1 110.3 153.2 174.6
11.6 4.9 6.7 5.3 5.9 11.8 7.8 11.5 11.2
20.7 10.1 5.8 5.6 12.5 11.7 11.1 17.1 14.2
16.8 16.6 18.8 17.8 17.6 19.1 17.2 18.0 18.3
45.4 59.8 59.5 59.8 59.9 88.9 89.4 97.8 102.9
215.2 201.8 187.3 196.6 255.6 288.1 289.0 346.9 375.1
Growth −6.2% −7.2% +5.0% +30.0% +12.7% +0.3% +20.0% +8.1%
Liabilities
82.6 72.2 71.1 84.8 120.6 133.6 127.4 164.3 171.9
Equity
−88.2 −100.0 −118.6 −122.3 −71.4 −30.9 −10.0 10.0 38.1
132.6 129.7 116.2 111.8 135.0 154.5 161.5 182.6 203.2
Growth −2.2% −10.4% −3.8% +20.7% +14.5% +4.5% +13.0% +11.3%
Per share and net cash
31.5 32.8 33.7 34.1 35.5 35.7 36.1 36.7 37.3
calc 4.21 3.96 3.45 3.28 3.81 4.33 4.47 4.97 5.45

Lines marked calc are worked out here from filed figures; point at one for how.