Liquidity Services, Inc. (LQDT) reported strong Q4 2025 results showcasing the success of their e-commerce marketplaces and software solutions.
The company's growth in Q4 was driven by operational execution of the RISE strategy and key competitive advantages in connecting buyers and sellers across diverse categories.
Achieved record-breaking $1.57 billion in GMV and $477 million in revenues in fiscal 2025, demonstrating significant financial and strategic gains.
Financial Performance
Q4 GMV, adjusted EBITDA, and adjusted EPS grew 12%, 28%, and 16% year-over-year, exceeding guidance range.
Profitability and Free Cash Flow
Generated adjusted EBITDA of $60.8 million, up 25% year-over-year, highest EBITDA in 11 years.
Midterm Goals
Liquidity Services sees a clear path to achieve $2 billion in annual GMV and $100 million annual adjusted EBITDA.
- The company's focus on low-touch consignment services and software solutions with recurring revenue characteristics has proven to be successful in a $100 billion-plus GMV market opportunity.
- Achieved growth in all business segments and increased adjusted EBITDA margins showcase operational efficiency and strategic priorities.
- Strong profitability and free cash flow reflect the benefits of the asset-light business model and operational efficiencies.
Liquidity Services, Inc. continues to show strong performance and growth trajectory, surpassing key milestones and maintaining a competitive position in the market.