Liquidity Services Announces Third Quarter Fiscal Year 2025 Financial Results

Core Insights - Liquidity Services reported strong financial results for the fiscal third quarter of 2025, driven by technology-enabled marketplaces and strategic investments, leading to record Gross Merchandise Volume (GMV) and double-digit earnings growth [1][5][12]. Financial Performance - GMV for Q3-FY25 was $413.0 million, a 9% increase from $380.4 million in Q3-FY24 [2][5]. - Revenue for Q3-FY25 was $119.9 million, reflecting a 28% increase from $93.6 million in Q3-FY24 [3][5]. - GAAP Net Income for Q3-FY25 was $7.4 million, or $0.23 per share, up from $6.0 million, or $0.19 per share, in the same quarter last year [4][5]. - Non-GAAP Adjusted EBITDA for Q3-FY25 was $17.0 million, a 16% increase from $14.7 million in Q3-FY24 [11][5]. Segment Performance - GMV in the RSCG segment increased by 30%, while the CAG segment saw a 12% increase, primarily from heavy equipment consignment sales [6][5]. - The GovDeals segment achieved a 1% increase in GMV, setting a new quarterly record despite lower market prices for vehicles [6][5]. - Revenue in the RSCG segment rose by 39%, driven by increased volumes from client purchase model programs [6][5]. Operational Metrics - Registered buyers reached approximately 5.9 million, a 9% increase from 5.4 million in Q3-FY24 [10]. - Auction participants totaled approximately 1,098,000, an 8% increase from 1,016,000 in Q3-FY24 [18]. - Completed transactions were approximately 286,000, a 9% increase from 263,000 in Q3-FY24 [18]. Business Outlook - The company anticipates solid double-digit annual growth across key metrics for the fiscal year 2025 [12]. - Q4-FY25 guidance includes GMV expectations between $355 million and $390 million, with GAAP Net Income projected between $5.0 million and $8.0 million [17][12]. - The RSCG segment is expected to maintain solid performance, while the CAG segment is projected to grow year-over-year, particularly in heavy equipment [14][13].