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Operates online marketplaces (GovDeals, Liquidation.com) auctioning surplus, returned and salvage goods for businesses and governments.
Operates online marketplaces (GovDeals, Liquidation.com) auctioning surplus, returned and salvage goods for businesses and governments.
Earns a commission or buyer's premium on items sold through its government and capital-asset auctions, while in parts of its retail business it buys returned goods outright and resells them, so profit there is the gap between purchase and resale price. Both rise with the volume sellers consign.
Moat: narrow (network effects, installed base, brand). Established buyer/seller network and long government contract relationships are hard for new marketplaces to replicate.
Headquarters: Bethesda, Maryland, United States · Founded: 1999 · Employees: 818
Size Liquidity Services (LQDT) is a United States Consumer Discretionary company (Internet Retail) with a market value of $1.37B, the 2056th largest of 3,117 United States companies the cockpit tracks. Shares closed at $43.64 on 6 Nov 2026.
Performance Over six months the shares gained 20.6%, against +3.8% for the median peer and -1.1% for the United States market (cap-weighted) — 6th highest of 21 in its peer set.
Growth Revenue grew 5.2% over the last twelve months (peer median +2.0%); the operating margin is 9.0% (peer median 2.2%).
Valuation It trades at 24.8× forward earnings against a peer median of 26.1× (9th cheapest of 17).
Price implies For today's price to make sense, revenue must grow about 16% a year for seven years (Req g). Recent delivered growth is +18%, so the hurdle is -2 pp: the price already allows for a slowdown.
Short interest Short interest is 3.5% of the free float (15 Oct 2026).
Next results Next results expected around 19 Nov 2026 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $490M | $477M | $363M | $314M | $280M |
| Revenue growth | — | +31% | +16% | +12% | — |
| Gross profit | $223M | $198M | $173M | $161M | $150M |
| EBITDA | $54.6M | $46.5M | $37.6M | $37.6M | $33.9M |
| Net income | $33.3M | $28.1M | $20.0M | $21.0M | $40.3M |
| Free cash flow | $90.0M | $59.0M | $61.3M | $41.6M | $36.6M |
| Capital expenditure | $8.19M | $7.80M | $8.91M | $5.39M | $8.12M |
| Total debt | $13.8M | $14.1M | $14.4M | $10.9M | $14.6M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Liquidity Services LQDT | $1.37B | +21% | +5% | 9% | 24.8× | 16.2% |
| eBay EBAY | $53.5B | +14% | +15% | 21% | 18.4× | 15.4% |
| Restaurant Brands Asia RBA.NS | $668M | +31% | +16% | 0% | n/a | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | LQDT | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +3.6% | -1.1% | 7th highest of 21 |
| 6-month return | +20.6% | +3.8% | 6th highest of 21 |
| Distance from 52-week high | -7.8% | -26.3% | highest of 21 |
| Revenue growth (TTM) | +5.2% | +2.0% | 10th highest of 21 |
| Operating margin | 9.0% | 2.2% | 6th highest of 21 |
| Forward P/E | 24.8× | 26.1× | 9th cheapest of 17 |
| Growth the price implies (Req g, 7 yrs) | 16.2% | 6.4% | 5th most demanding of 14 |
| Growth delivered (Del g) | +18.3% | +3.9% | 6th highest of 14 |
| Hurdle (Req g minus delivered) | -2.1 pp | +2.7 pp | 6th least demanding of 14 |
| EV / EBITDA | 21.0× | 10.7× | 2nd most expensive of 10 |
| Net debt / EBITDA | -4.0× | -0.1× | 2nd least indebted of 12 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Liquidity Services LQDT | United States | $1.37B | +21% | +5% | 9% | 24.8× | 16.2% | +18.3% |
| LuxExperience B.V. Sponsored ADR LUXE | United States | $1.40B | +20% | +111% | -6% | 194.0× | n/a | n/a |
| Revolve RVLV | United States | $1.32B | -11% | +15% | 6% | 20.4× | n/a | n/a |
| Guangzhou Ruoyuchen Technology 003010.SZ | China | $1.31B | -8% | +75% | 10% | 23.0× | 1.7% | +24.7% |
| Vedant Fashions MANYAVAR.NS | India | $1.22B | +6% | +2% | 32% | 29.6× | 21.4% | +21.5% |
| RealReal REAL | United States | $1.61B | +25% | +18% | 0% | 47.8× | n/a | n/a |
| Akso Health Group Sponsored ADR AHG | United States | $1.14B | -34% | -6% | -29% | n/a | n/a | n/a |
| Global Industrial GIC | United States | $1.77B | +59% | +10% | 8% | 22.4× | 1.3% | +6.0% |
| NanJi E-Commerce 002127.SZ | China | $1.05B | -1% | -28% | -12% | 29.9× | 6.4% | -9.0% |
| IndiaMART InterMESH INDIAMART.NS | India | $985M | -26% | +12% | 34% | 17.0× | 8.2% | +18.6% |
| Huakai Yibai Technology 300592.SZ | China | $966M | +27% | -11% | 7% | 15.7× | 3.4% | +132.3% |
| THG THG.L | United Kingdom | $877M | +30% | +10% | -1% | n/a | n/a | n/a |
| Petco Health & Wellness WOOF | United States | $848M | +5% | -1% | 3% | 12.5× | 6.6% | +3.9% |
| Hangzhou Onechance Tech Crop 300792.SZ | China | $839M | -32% | -19% | 9% | 46.2× | 19.9% | -3.7% |
| Aucnet 3964.T | Japan | $824M | +12% | +12% | 15% | 15.5× | 0.1% | +21.6% |
| Global Top E-Commerce 002640.SZ | China | $757M | -12% | -6% | 1% | n/a | 33.4% | -19.8% |
| AO World AO..L | United Kingdom | $687M | +6% | +11% | 4% | 13.3× | 3.0% | -5.3% |
| ASKUL 2678.T | Japan | $682M | +2% | -20% | -5% | 29.2× | n/a | n/a |
| Yiwu Huading Nylon 601113.SS | China | $670M | -28% | -5% | 1% | 41.2× | n/a | n/a |
| ASOS ASC.L | United Kingdom | $670M | +88% | -15% | -1% | n/a | 1.2% | -5.5% |
| Groupon GRPN | United States | $630M | -13% | +2% | 2% | 33.7× | 27.5% | -18.9% |