Overview Dividends

(LQDT) Liquidity - Ratings and Ratios

Exchange: NASDAQ • Country: United States • Currency: USD • Type: Common Stock • ISIN: US53635B1070

Online Marketplaces, Surplus Assets, Consumer Goods, Used Equipment

Diversified Support Services
Market Cap in USD: 988m

IPO / Inception: 2006-02-23
Return 12m vs S&P 500: -14.6%

EPS (Earnings per Share)

EPS CAGR: 21.18%
EPS Trend: 70.9%

Last SUE: 1.15
Qual. Beats: 1

Revenue

Rev. CAGR: 16.45%
Rev. Trend: 93.6%

Last SUE: 1.78
Qual. Beats: 1

Dividends

Currently no dividends paid

Risk via 5d forecast
Volatility	35.4%
Value at Risk 5%th	51.1%
Relative Tail Risk	-12.37%

Reward TTM
Sharpe Ratio	0.14
Alpha	-10.06
CAGR/Max DD	0.76

Character TTM
Hurst Exponent	0.517
Beta	0.723
Beta Downside	0.555

Drawdowns 3y
Max DD	41.08%
Mean DD	13.41%
Median DD	11.08%

Description: LQDT Liquidity December 01, 2025

Liquidity Services, Inc. (NASDAQ:LQDT) operates diversified e-commerce marketplaces that enable governments and commercial firms to liquidate surplus assets, ranging from consumer goods to heavy equipment, through platforms such as GovDeals, Bid4Assets, Sierra, and Liquidation.com.

The business is organized into four segments: GovDeals (government surplus sales), Retail Supply Chain Group (RSCG, consumer-goods liquidation), Capital Assets Group (CAG, industrial and capital equipment), and Machinio (a global search engine and SaaS tools for used-equipment sellers).

Beyond the marketplaces, Liquidity Services provides end-to-end services-including surplus management, asset valuation, marketing, returns handling, and inventory software (Machinio System)-covering sectors like electronics, apparel, aerospace, medical, construction, and agriculture.

In FY 2023 the company generated roughly $1.1 billion in revenue, with a gross margin near 23% and a net loss of $45 million, reflecting ongoing investment in technology and market expansion. The surplus-liquidation market is buoyed by two macro trends: (1) a steady rise in e-commerce return rates-now averaging 15% of shipped units-and (2) increasing federal and state budgets for surplus asset disposal, which grew about 6% YoY in 2023.

For a deeper quantitative view, the ValueRay platform offers granular financial metrics and peer comparisons for LQDT.

Piotroski VR‑10 (Strict, 0-10) 3.5

Net Income (28.1m TTM) > 0 and > 6% of Revenue (6% = 28.6m TTM)

FCFTA 0.16 (>2.0%) and ΔFCFTA -1.96pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)

NWC/Revenue 12.77% (prev 11.50%; Δ 1.27pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)

CFO/TA 0.18 (>3.0%) and CFO 66.8m > Net Income 28.1m (YES >=105%, WARN >=100%)

Net Debt (-160.5m) to EBITDA (45.5m) ratio: -3.53 <= 3.0 (WARN <= 3.5)

Current Ratio 1.38 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)

Outstanding Shares last Quarter (32.3m) change vs 12m ago 2.15% (target <= -2.0% for YES)

Gross Margin 43.81% (prev 50.97%; Δ -7.16pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)

Asset Turnover 132.0% (prev 104.7%; Δ 27.31pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)

Interest Coverage Ratio -8.02 (EBITDA TTM 45.5m / Interest Expense TTM -4.38m) >= 6 (WARN >= 3)

Altman Z'' 2.22

(A) 0.16 = (Total Current Assets 222.5m - Total Current Liabilities 161.6m) / Total Assets 375.1m

(B) 0.10 = Retained Earnings (Balance) 38.1m / Total Assets 375.1m

(D) 0.16 = Book Value of Equity 27.5m / Total Liabilities 171.9m

Total Rating: 2.22 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 75.21

1. Piotroski 3.50pt

2. FCF Yield 7.22%

3. FCF Margin 12.37%

4. Debt/Equity 0.07

5. Debt/Ebitda -3.53

6. ROIC - WACC (= 2.61)%

7. RoE 14.09%

8. Rev. Trend 93.62%

9. EPS Trend 70.93%

What is the price of LQDT shares?

As of December 22, 2025, the stock is trading at USD 31.54 with a total of 398,645 shares traded.
Over the past week, the price has changed by -0.88%, over one month by +39.07%, over three months by +13.58% and over the past year by +0.41%.

Is LQDT a buy, sell or hold?

Liquidity has received a consensus analysts rating of 4.50. Therefore, it is recommended to buy LQDT.

Strong Buy: 1
Buy: 1
Hold: 0
Sell: 0
Strong Sell: 0

What are the forecasts/targets for the LQDT price?

Issuer	Target	Up/Down from current
Wallstreet Target Price	41	30%
Analysts Target Price	41	30%
ValueRay Target Price	35	11%

LQDT Fundamental Data Overview December 12, 2025

Market Cap USD = 988.3m (988.3m USD * 1.0 USD.USD)
P/E Trailing = 36.3678
P/E Forward = 24.1546
P/S = 2.0734
P/B = 4.6613
P/EG = 1.7814
Beta = 1.131
Revenue TTM = 476.7m USD
EBIT TTM = 35.1m USD
EBITDA TTM = 45.5m USD
Long Term Debt = 13.8m USD (from capitalLeaseObligations, last quarter)
Short Term Debt = 5.19m USD (from shortTermDebt, last quarter)
Debt = 14.1m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -160.5m USD (from netDebt column, last quarter)
Enterprise Value = 816.6m USD (988.3m + Debt 14.1m - CCE 185.8m)
Interest Coverage Ratio = -8.02 (Ebit TTM 35.1m / Interest Expense TTM -4.38m)
FCF Yield = 7.22% (FCF TTM 59.0m / Enterprise Value 816.6m)
FCF Margin = 12.37% (FCF TTM 59.0m / Revenue TTM 476.7m)
Net Margin = 5.89% (Net Income TTM 28.1m / Revenue TTM 476.7m)
Gross Margin = 43.81% ((Revenue TTM 476.7m - Cost of Revenue TTM 267.9m) / Revenue TTM)
Gross Margin QoQ = 47.81% (prev 45.69%)
Tobins Q-Ratio = 2.18 (Enterprise Value 816.6m / Total Assets 375.1m)
Interest Expense / Debt = 6.78% (Interest Expense 958.0k / Debt 14.1m)
Taxrate = 36.15% (4.43m / 12.2m)
NOPAT = 22.4m (EBIT 35.1m * (1 - 36.15%))
Current Ratio = 1.38 (Total Current Assets 222.5m / Total Current Liabilities 161.6m)
Debt / Equity = 0.07 (Debt 14.1m / totalStockholderEquity, last quarter 203.2m)
Debt / EBITDA = -3.53 (Net Debt -160.5m / EBITDA 45.5m)
Debt / FCF = -2.72 (Net Debt -160.5m / FCF TTM 59.0m)
Total Stockholder Equity = 199.3m (last 4 quarters mean from totalStockholderEquity)
RoA = 7.49% (Net Income 28.1m / Total Assets 375.1m)
RoE = 14.09% (Net Income TTM 28.1m / Total Stockholder Equity 199.3m)
RoCE = 16.45% (EBIT 35.1m / Capital Employed (Equity 199.3m + L.T.Debt 13.8m))
RoIC = 11.23% (NOPAT 22.4m / Invested Capital 199.3m)
WACC = 8.62% (E(988.3m)/V(1.00b) * Re(8.68%) + D(14.1m)/V(1.00b) * Rd(6.78%) * (1-Tc(0.36)))
Discount Rate = 8.68% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 100.0 | Cagr: 0.59%
[DCF Debug] Terminal Value 77.33% ; FCFE base≈59.9m ; Y1≈65.4m ; Y5≈82.7m
Fair Price DCF = 41.73 (DCF Value 1.28b / Shares Outstanding 30.6m; 5y FCF grow 10.44% → 3.0% )
EPS Correlation: 70.93 | EPS CAGR: 21.18% | SUE: 1.15 | # QB: 1
Revenue Correlation: 93.62 | Revenue CAGR: 16.45% | SUE: 1.78 | # QB: 1
EPS next Quarter (2026-03-31): EPS=0.28 | Chg30d=-0.035 | Revisions Net=+0 | Analysts=2
EPS current Year (2026-09-30): EPS=1.39 | Chg30d=+0.000 | Revisions Net=-1 | Growth EPS=+8.6% | Growth Revenue=-11.3%
EPS next Year (2027-09-30): EPS=1.43 | Chg30d=N/A | Revisions Net=+0 | Growth EPS=+2.9% | Growth Revenue=+0.0%

Additional Sources for LQDT Stock

News: Wall Street Journal | Benzinga | Yahoo Finance
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Fund Manager Positions: Dataroma | Stockcircle