Liquidity Services (LQDT) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Liquidity Services

NasdaqGS•Consumer Cyclical•Internet Retail

$42.49+1.00(0.02%)Pre-market

Market Cap

$1.34B

P/E

40.3x

P/S

2.7x

P/B

5.7x

Liquidity Services, Inc. engages in the provision of e-commerce marketplaces, self-directed auction listing tools, and value-added services in the United States and internationally. The company operates through four segments: GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG), and Machinio. Its solutions enable government entities and commercial businesses to sell surplus property and real estate assets through GovDeals, Bid4Assets, and Sierra marketplaces. The company also offers a suite of services, including surplus management, asset valuation, asset sales, marketing, returns management, asset recovery, and ecommerce services; and operates Liquidation.com, a marketplace to sell excess, returned, and overstocked consumer goods. In addition, it operates a global search engine platform for listing used equipment for sale in the construction, machine tool, transportation, printing, laboratory/medical, and agriculture sectors. Further, the company provides Machinio System service that offers various software tools, such as website hosting, email marketing, and inventory management to equipment sellers. The company offers products for various industries, such as consumer electronics, general merchandise, apparel, scientific equipment, aerospace parts and equipment, technology hardware, real estate, energy equipment, industrial capital assets, heavy equipment, fleet and transportation equipment, and specialty equipment. The company was incorporated in 1999 and is headquartered in Bethesda, Maryland.

How this company scores

GoodMetricSide Score: 76/100

Strongest: Cash & Earnings Quality (23/25); weakest: Balance Sheet & Red Flags (15/25).

Profitability19/25

Growth19/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality23/25

Strengths

Rising free cash flowRising earningsInterest easily coveredCash-backed earnings

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 40.3x5y range 13.6x – 200.6x

Currently above its 19-quarter median.

P/S · 2.7x5y range 1.3x – 3.0x

Currently above its 20-quarter median.

P/B · 5.7x5y range 2.7x – 5.7x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

Some Concerns

Cash Burn

Watch

FCF turned negative in 2 of the last 8 quarters — occasional cash consumption.

Share Dilution

Watch

Shares outstanding rose 2.5% — mild dilution. Compare to earnings growth to assess the net per-share impact.

Price & Volume

Market Cap $1.34B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $489.62M
Q. Revenue: $129.58M
TTM EBITDA: $54.66M
TTM Op. Income: $44.09M
Q. Op. Income: $14.14M
TTM Net Income: $33.26M
Q. Net Income: $10.43M
EPS: $0.33
Shares Out.: $31.24M

$489.62M in TTM revenue grew 5.2% YoY, reaching $129.58M last quarter. TTM EBITDA of $54.66M and TTM operating income of $44.09M show growth is flowing through to the bottom line. TTM net income of $33.26M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 2 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 49.3%
EBITDA Margin: 13.0%
Op. Margin: 10.9%
Net Margin: 8.0%

Op. margin of 10.9% is up 2.4% YoY — cost efficiency is improving. Net margin at 8.0% and gross margin of 49.3% show how much of each revenue dollar survives to profit. Across the last 8 quarters, operating margin has risen for 2 consecutive quarters — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 40.3x
P/S Ratio: 2.7x
P/B Ratio: 5.7x

At 40.3x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 2.7x and P/B of 5.7x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Over the past year, P/E is up 46% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $420.09M
Cash: $219.75M
Long-Term Debt: N/A
Book Value: $235.85M
D/E Ratio: N/A
Debt/EBITDA: 0.0

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $31.17M
TTM Free Cash Flow: $89.99M
FCF Margin: 18.4%
FCF / Net Income: 2.7

TTM FCF of $89.99M on $31.17M in operating cash flow. The FCF / Net Income ratio of 2.7x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 4 consecutive quarters — an improving trend.