Liquidity Services Inc
NASDAQ:LQDT
Liquidity Services Inc
Liquidity Services, Inc. engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. The company is headquartered in Bethesda, Maryland and currently employs 614 full-time employees. The company went IPO on 2006-02-23. Its segments include Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), GovDeals, and Machinio. The RSCG segment consists of marketplaces that enable corporations located in the United States and Canada to sell, surplus and salvage consumer goods. The CAG segment provides managed and self-directed service solutions to sellers and consists of marketplaces that enable commercial businesses to sell surplus and idle assets. The GovDeals segment provides self-directed service solutions that enable local and state government entities, including city, county and state agencies, located in the United States and Canada, to sell surplus, salvage and real estate assets through its GovDeals and Bid4Assets marketplaces. The Machinio segment operates a search engine platform for listing used equipment for sale in the construction, machine tool, transportation, printing and agriculture sectors.
Liquidity Services, Inc. engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. The company is headquartered in Bethesda, Maryland and currently employs 614 full-time employees. The company went IPO on 2006-02-23. Its segments include Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), GovDeals, and Machinio. The RSCG segment consists of marketplaces that enable corporations located in the United States and Canada to sell, surplus and salvage consumer goods. The CAG segment provides managed and self-directed service solutions to sellers and consists of marketplaces that enable commercial businesses to sell surplus and idle assets. The GovDeals segment provides self-directed service solutions that enable local and state government entities, including city, county and state agencies, located in the United States and Canada, to sell surplus, salvage and real estate assets through its GovDeals and Bid4Assets marketplaces. The Machinio segment operates a search engine platform for listing used equipment for sale in the construction, machine tool, transportation, printing and agriculture sectors.
Profitability Growth: Liquidity Services reported a strong first quarter, with GAAP net income up 29% and non-GAAP adjusted EBITDA up 38% year-over-year to $18.1 million.
Revenue & GMV: GMV grew 3% to $398 million, while revenue was slightly down 1% to $121.2 million due to a mix shift toward consignment sales.
Segment Performance: GovDeals saw 7% GMV growth and a record number of new agency clients; heavy equipment GMV in CAG grew 27% organically; direct-to-consumer GMV jumped 40%.
Technology Leverage: Management highlighted automation, AI, and data analytics as key drivers of efficiency, buyer engagement, and client acquisition.
Cash & Flexibility: Liquidity Services ended the quarter with $181.4 million in cash and no debt, maintaining strategic flexibility.
Guidance Raised: Management expects double-digit adjusted EBITDA growth in Q2 2026 and issued guidance for GMV of $375–415 million and net income of $6.5–9.5 million.
