Liquidity Services Earnings Call Transcripts
Fiscal Year 2026
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Q2 FY2026 saw strong growth with direct profit up 18% and adjusted EBITDA up 37% year-over-year, driven by segment expansion, technology investments, and record buyer engagement. Guidance for Q3 anticipates continued growth, with GMV expected between $425M–$465M.
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Q1 FY2026 delivered strong profit growth with Adjusted EBITDA up 38% and record client wins in GovDeals. Guidance for Q2 anticipates continued double-digit Adjusted EBITDA growth, supported by robust demand and expanding technology-driven efficiencies.
Fiscal Year 2025
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Record fiscal 2025 results with $1.57B GMV and $477M revenue, all segments growing year-over-year. Q4 saw double-digit growth in GMV, adjusted EBITDA, and EPS, with strong cash flow and margin expansion driven by technology and business mix improvements.
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A leading e-commerce platform in the circular economy, the company leverages proprietary technology, AI, and a vast buyer base to drive growth across retail, public sector, and industrial segments. Record GMV, strong financials, and ongoing innovation support expansion and new revenue streams.
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Record Q3 results with 9% GMV and 28% revenue growth, strong adjusted EBITDA, and robust cash flow. Strategic investments and segment expansion drove performance, while guidance anticipates continued double-digit growth despite macroeconomic headwinds.
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A global circular economy marketplace is scaling through technology, segment expansion, and acquisitions, with strong growth in heavy equipment, real estate, and international markets. Profitable, asset-light operations and new platform services are driving future opportunities.
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Q2 saw 15% GMV and 27% revenue growth year-over-year, with strong cash flow and a debt-free balance sheet. Segment results were mixed, with retail and GovDeals up, but capital assets group revenue down. Guidance projects continued growth despite economic and supply chain uncertainties.
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Record quarterly GMV and revenue were achieved with double-digit growth across all segments, driven by expanding market share, new sellers, and enhanced technology. Guidance for Q2 2025 anticipates continued strong growth and operating leverage, supported by a robust financial position.
Fiscal Year 2024
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Record annual GMV of $1.4 billion and 16% revenue growth were achieved, with all segments showing double-digit GMV increases. Q4 saw strong cash flow, no debt, and robust performance in retail and GovDeals, while guidance for fiscal 2025 anticipates continued growth and margin expansion.
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A leading e-commerce marketplace in the circular economy, the platform leverages an asset-light, consignment-driven model to serve government, retail, and industrial clients globally. With strong cash flow, expanding international reach, and machine-driven innovation, it targets significant GMV growth and market share expansion.
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Record Q3 GMV of $380M, up 14% year-over-year, with revenue up 16% and strong segment growth. Guidance for Q4 anticipates continued double-digit GMV growth, with robust cash position and no debt. Softening prices in GovDeals and project delays in CAG noted.