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Liquidity Services Announces Strong Fourth Quarter Results

Liquidity Services (LQDT) | November 20, 2025

By Ian Walker

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Liquidity Services announced its financial results for the fourth quarter of fiscal year 2025, showcasing strong performance fueled by market share expansion and operating leverage.

The Gross Merchandise Volume (GMV) surpassed $1.5 billion with a record number of auction participants, highlighting the company's growth and reach.

The company reported increases in GMV, revenue, GAAP Net Income, and Non-GAAP Adjusted EBITDA, reflecting positive financial performance.

GMV Growth

GMV increased by 12% to $404.5 million for the fourth quarter, reaching a milestone of $1.57 billion for fiscal year 2025.

Revenue Increase

Revenue grew by 10% to $118.1 million for the quarter, with annual revenue reaching $476.7 million, a 31% increase.

Profit Growth

GAAP Net Income rose by 23% to $7.8 million for the quarter, indicating a strong financial performance for Liquidity Services.

  • The company's success in expanding market share and driving growth in GMV and revenue reflects its effective strategies and market positioning.
  • Liquidity Services' focus on enhancing buyer experience through new payment solutions and operational efficiency contributed to the positive financial results.

Liquidity Services' fourth quarter results demonstrate its ability to connect buyers and sellers across diverse categories, setting the stage for continued growth and value creation in the circular economy sector.