Liquidity Services (LQDT) Financial Statements & Analysis

Liquidity Services (LQDT) Income Statement

Liquidity Services reported revenue of $476.67M in fiscal 2025 (fiscal year ended Sep 30, 2025), up 31.2% from $363.32M a year earlier. Net income was $28.09M, up 40.5% year over year, a net margin of 5.9%. Gross margin was 43.8% and operating margin 7.4%. In the most recent quarter, Q3 fiscal 2026 (ended Jun 30, 2026), revenue was $129.58M, up 8.1% from the same quarter a year earlier.

Liquidity Services Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Liquidity Services, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Sep 2025	Sep 2024	Sep 2023	Sep 2022	Sep 2021	Sep 2020	Sep 2019	Sep 2018	Sep 2017
Revenue & Gross Profit
Revenue	476.67	363.32	314.46	280.05	257.53	205.94	226.53	224.51	270.02
Cost of Revenue	267.85	178.15	142.32	119.41	107.68	96.02	102.41	100.09	126.23
Gross Profit	208.82	185.17	172.14	160.64	149.85	109.92	124.11	124.43	143.79
Operating Expenses
Research & Development	0.00	0.00	0.00	55.52	47.67	42.16	0.00	0.00	0.00
Selling, General & Administrative	162.48	147.89	77.52	71.51	66.57	64.80	133.38	139.70	173.58
Operating Expenses	173.75	161.76	146.04	137.74	122.69	113.82	143.62	146.16	184.03
Operating Income	35.07	23.40	26.11	22.91	27.17	-3.90	-19.51	-21.73	-40.24
Other Income/Expense
Interest Income	4.58	4.08	2.91	0.25	0.41	0.92	1.45	0.79	0.00
Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Other Income/Expense	-4.38	-3.85	2.91	24.50	0.41	0.92	1.45	0.79	0.61
Income
Income Before Tax	39.44	27.26	29.02	47.65	27.58	-2.97	-18.06	-20.94	-39.64
Income Tax Expense	11.35	7.27	8.04	7.33	-23.37	0.80	1.20	-9.33	-0.45
Net Income	28.09	19.99	20.98	40.32	50.95	-3.77	-19.26	-11.62	-39.19
Net Income - Continuous Operations	28.09	19.99	20.98	40.32	50.95	-3.77	-19.26	-11.62	-39.19
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	41.53	31.38	37.36	33.23	34.55	2.59	-14.32	-16.66	-33.44
EBIT	35.92	25.26	26.10	22.91	30.07	-	-	-	-
Depreciation & Amortization	5.61	6.12	11.26	10.32	6.97	6.29	5.09	4.60	5.80
Earnings Per Share
Basic EPS	1.00	1.00	1.00	1.00	2.00	-	-1.00	-	-1.00
Diluted EPS	1.00	1.00	1.00	1.00	1.00	-	-1.00	-	-1.00
Basic Shares Outstanding	30.93	30.50	31.08	32.29	33.33	33.61	33.06	32.10	31.35
Diluted Shares Outstanding	32.41	31.63	32.07	33.72	35.02	33.61	33.06	32.10	31.40

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Liquidity Services Financial Statements

What was Liquidity Services's revenue in fiscal 2025?

Liquidity Services reported revenue of $476.67M in fiscal 2025 (fiscal year ended Sep 30, 2025). That was up 31.2% from $363.32M a year earlier.

Is Liquidity Services profitable?

Yes. Liquidity Services earned net income of $28.09M in fiscal 2025, a net margin of 5.9%. In fiscal 2024 it earned $19.99M.

What is Liquidity Services's operating margin?

Liquidity Services's operating income was $35.07M on revenue of $476.67M in fiscal 2025, an operating margin of 7.4%, compared with 6.4% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition