Liquidity Services ended the quarter with $181.4 million in cash, cash equivalents, and short-term investments and no debt . The company also had $26 million available under its credit facility. During the quarter, it repurchased $1.5 million of shares, with $15 million remaining on its authorization.Chairman and CEO Bill Angrick said consolidated GMV and direct profit rose to $398 million and $57 million , respectively, while GAAP revenue was flat because consignment sales represent a larger share of the b ...

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UNITED STATES SECURITIES AND EXCHANGE COMMISSION For the quarterly period ended December 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to WASHINGTON, D.C. 20549 Commission file number 0-51813 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 LIQUIDITY SERVICES, INC. (Exact Name of Registrant as Specified in Its Charter) (State or Other Jurisdiction of (I.R.S. E ...

Financial Data and Key Metrics Changes - In Q1 fiscal year 2026, GAAP revenue was flat, while consolidated gross merchandise volume (GMV) increased to $398 million and direct profit rose to $57 million [4][11] - GAAP net income increased by 29%, non-GAAP adjusted EBITDA grew by 38% year-over-year to $18.1 million, and adjusted EPS rose by 39% year-over-year to $0.39 per share [4][13] - The company ended the quarter with $181.4 million in cash and no financial debt, providing strategic flexibility for growth investments [5][14] Business Line Data and Key Metrics Changes - The GovDeals segment achieved 7% GMV growth, with a 13% increase in direct profit due to market share expansion and improved rates [5][15] - The SEG segment saw 3% GMV growth and a 16% increase in direct profit, driven by strong buyer participation [6][15] - Direct-to-consumer GMV increased by 40% year-over-year, reflecting growing consumer demand [6] - The CAG segment experienced a 10% decline in GMV but a 17% increase in revenue and a 7% increase in direct profit [15] Market Data and Key Metrics Changes - The company serves 6.2 million registered buyers, a 9% year-over-year increase, with 983,000 auction participants and 264,000 completed transactions in the quarter [9] - Heavy Equipment category logged 27% year-over-year organic GMV growth and 88% growth in the number of transactions [7] Company Strategy and Development Direction - The company is focused on profitable technology-enabled growth, leveraging AI, data analytics, and automation to improve efficiency and customer experience [4][8] - The strategy includes expanding the auction software business and enhancing the marketplace for buyers and sellers [8][10] - The company aims to scale its auction software business to 1,000 customers with annual recurring revenue of $10,000 or more [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the business model's resilience, supported by trends in Circular Commerce, sustainability, and digitization [9] - The outlook for Q2 includes expectations for double-digit adjusted EBITDA growth and continued strength in GovDeals and retail segments [16][19] - Management anticipates GMV to range from $375 million to $450 million in Q2, with GAAP net income expected between $6.5 million and $9.5 million [19][20] Other Important Information - The company conducted $1.5 million in share repurchases during the quarter, with $15 million remaining on the authorization for additional repurchases [14] - The fiscal second quarter guidance reflects a product mix within retail that is expected to be at a slightly lower margin than the previous quarter [17] Q&A Session Summary Question: What are the bigger drivers of tech-enabled growth? - Management highlighted improvements in buyer conversion rates through automation and machine-driven systems, enhancing productivity and accuracy in asset listings [24] Question: How significant is the impact of new clients in CAG and GovDeals? - Management noted a structural improvement in buyer and seller acquisition, with expectations for significant asset sales with Fortune 1,000 clients [26][27] Question: Has the sales force been increased to drive new client acquisition? - Management indicated that most growth is driven by automation, but targeted resources have been added to support sales outreach [31][33] Question: What competitive advantages does the company have in heavy equipment sales? - Management cited lower commission rates, flexibility for sellers, and strong buyer recovery rates as key differentiators [36] Question: What is the status of the Retail Rush product? - Management confirmed that Retail Rush is live and ramping up, with improved recovery rates for assets sold through this channel [38]

Liquidity Services (NasdaqGS:LQDT) Q1 2026 Earnings call February 05, 2026 10:30 AM ET Company ParticipantsBill Angrick - Chairman and CEOJorge Celaya - EVP and CFOMichael Patrick - VP and ControllerConference Call ParticipantsGary Prestopino - Managing Director and Senior Research AnalystOperatorLadies and gentlemen, welcome to the Liquidity Services Q1 fiscal year 2026 financial results conference call. My name is Michelle, and I will be your operator for today's call. Please note that this conference cal ...

Liquidity Services (NasdaqGS:LQDT) Q1 2026 Earnings call February 05, 2026 10:30 AM ET Speaker3Ladies and gentlemen, welcome to the Liquidity Services first quarter fiscal year 2026 financial results conference call. My name is Michelle, and I will be your operator for today's call. Please note that this conference call is being recorded. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session. I will now turn the call over to Michael Patrick, Liquidity ...

Investor Presentation First Quarter Fiscal Year 2026 © Liquidity Services, Inc. All Rights Reserved. 1 Forward-Looking Information This document contains forward-looking statements. These statements are only predictions. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, ...

Exhibit 99.1 LIQUIDITY SERVICES ANNOUNCES FIRST QUARTER FISCAL YEAR 2026 FINANCIAL RESULTS Strong First Quarter Fueled by Market Share Expansion, Multi-Channel Buyer Participation and Operating Leverage from Technology-Based Platform Momentum Bethesda, MD - February 5, 2026 - Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), the leading global provider of e-commerce marketplaces and software solutions powering the circular economy, today announced its financial results for its fiscal quarter ende ...

Strong First Quarter Fueled by Market Share Expansion, Multi-Channel Buyer Participation and Operating Leverage from Technology-Based Platform MomentumBETHESDA, Md., Feb. 05, 2026 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), the leading global provider of e-commerce marketplaces and software solutions powering the circular economy, today announced its financial results for its fiscal quarter ended December 31, 2025, as compared to the corresponding prior year quarter: Gro ...

For Liquidity Services, Inc. ( LQDT ), any analysis simply comes down to how an investor views the quality of the business. Headline financial multiples suggest as much. Based on FY25 (ending September) results, LQDT trades at about 14x Adjusted EBITDA and ~22xI've been contributing to Seeking Alpha and other investment websites since 2011, with a general (though far from rigid) focus on value over growth. I got my Series 7 and 63 back in 1999, and watched the dot-com bubble peak and then burst in real time ...