Liquidity Services Inc - Understand $lqdt stock

$LQDT Market Cap: $683.3 Million

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$336.3M

TTM

Gross Margin

54.12%

TTM

Net Earnings

$19.90M

TTM

Current Assets

$173.2M

Q2 2024

Current Liabilities

$143.3M

Q2 2024

Current Ratio

120.92%

Q2 2024

Total Assets

$325.5M

Q2 2024

Total Liabilities

$153.6M

Q2 2024

Book Value

$172.0M

Q2 2024

Cash

$130.3M

Q2 2024

P/E

34.34

Sep 13, 2024 EST

Free Cash Flow

$55.33M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$314.5M	$280.1M	$257.5M	$205.9M	$226.5M	$224.5M	$270.0M	$316.5M	$397.1M	$495.7M	$505.9M	$475.3M	$327.4M	$273.0M	$219.0M	$251.9M	$192.0M	$147.8M	$89.40M	$75.90M	$60.70M	$44.50M
YoY Change	12.29%	8.74%	25.05%	-9.09%	0.9%	-16.85%	-14.67%	-20.31%	-19.89%	-2.01%	6.43%	45.19%	19.91%	24.66%	-13.06%	31.2%	29.91%	65.32%	17.79%	25.04%	36.4%	526.76%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Revenue	$314.5M	$280.1M	$257.5M	$205.9M	$226.5M	$224.5M	$270.0M	$316.5M	$397.1M	$495.7M	$505.9M	$475.3M	$327.4M	$273.0M	$219.0M	$251.9M	$192.0M	$147.8M	$89.40M	$75.90M	$60.70M	$44.50M
Cost Of Revenue	$142.3M	$119.4M	$107.7M	$96.00M	$102.4M	$100.1M	$126.2M	$143.1M	$166.0M	$211.7M	$199.5M	$198.1M	$126.4M	$109.4M	$75.00M	$65.60M	$46.90M	$12.20M	$6.300M	$5.700M	$4.500M	$4.900M
Gross Profit	$172.1M	$160.6M	$149.9M	$109.9M	$113.3M	$109.7M	$124.5M	$162.1M	$203.0M	$284.0M	$306.4M	$277.2M	$201.0M	$163.6M	$144.0M	$186.2M	$145.2M	$135.7M	$83.10M	$70.10M	$56.20M	$39.60M
Gross Profit Margin	54.74%	57.36%	58.19%	53.38%	50.01%	48.87%	46.1%	51.23%	51.12%	57.29%	60.57%	58.32%	61.4%	59.92%	65.75%	73.92%	75.63%	91.81%	92.95%	92.36%	92.59%	88.99%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Selling, General & Admin	$77.52M	$71.51M	$66.57M	$64.80M	$70.95M	$64.20M	$71.29M	$77.29M	$82.80M	$235.4M	$215.1M	$179.2M	$151.3M	$131.0M	$124.9M	$164.7M	$126.9M	$121.3M	$76.50M	$63.20M	$50.40M	$35.20M
YoY Change	8.41%	7.41%	2.74%	-8.68%	10.52%	-9.95%	-7.76%	-6.66%	-64.82%	9.44%	20.03%	18.44%	15.5%	4.88%	-24.17%	29.79%	4.62%	58.56%	21.04%	25.4%	43.18%	241.75%
% of Gross Profit	45.03%	44.51%	44.43%	58.95%	62.63%	58.51%	57.27%	47.67%	40.79%	82.89%	70.2%	64.65%	75.27%	80.07%	86.74%	88.45%	87.4%	89.39%	92.06%	90.16%	89.68%	88.89%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$11.26M	$10.32M	$6.969M	$6.290M	$5.091M	$4.599M	$5.796M	$6.502M	$9.235M	$16.60M	$17.37M	$14.17M	$5.694M	$4.422M	$3.475M	$2.900M	$2.120M	$1.540M	$720.0K	$530.0K	$2.330M	$2.900M
YoY Change	9.04%	48.11%	10.79%	23.55%	10.7%	-20.65%	-10.86%	-29.59%	-44.37%	-4.45%	22.65%	148.79%	28.77%	27.25%	19.83%	36.79%	37.66%	113.89%	35.85%	-77.25%	-19.66%	222.22%
% of Gross Profit	6.54%	6.43%	4.65%	5.72%	4.49%	4.19%	4.66%	4.01%	4.55%	5.85%	5.67%	5.11%	2.83%	2.7%	2.41%	1.56%	1.46%	1.13%	0.87%	0.76%	4.15%	7.32%
Operating Expenses	$145.9M	$113.2M	$122.7M	$113.2M	$127.7M	$130.0M	$161.1M	$196.2M	$347.0M	$251.9M	$232.5M	$193.3M	$157.0M	$135.4M	$128.3M	$167.3M	$129.0M	$122.8M	$77.30M	$63.70M	$52.70M	$38.10M
YoY Change	28.8%	-7.7%	8.33%	-11.34%	-1.78%	-19.27%	-17.91%	-43.44%	37.74%	8.34%	20.28%	23.12%	15.95%	5.53%	-23.31%	29.69%	5.05%	58.86%	21.35%	20.87%	38.32%	240.18%
Operating Profit	$26.11M	$47.41M	$27.17M	-$3.897M	-$19.51M	-$21.73M	-$40.24M	-$34.12M	-$144.2M	$32.10M	$67.95M	$82.17M	$37.33M	$27.70M	$15.69M	$18.90M	$16.20M	$12.90M	$5.800M	$6.400M	$3.500M	$1.500M
YoY Change	-44.93%	74.49%	-797.15%	-80.02%	-10.22%	-46.01%	17.96%	-76.34%	-549.27%	-52.76%	-17.3%	120.12%	34.78%	76.54%	-16.99%	16.67%	25.58%	122.41%	-9.38%	82.86%	133.33%	-131.25%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Interest Expense	$2.912M	$24.75M	$411.0K	$900.0K	$1.400M	$800.0K	$600.0K	$1.200M	-$200.0K	-$400.0K	$700.0K	-$2.200M	-$1.200M	-$400.0K	$500.0K	$1.400M	$2.100M	$400.0K	-$600.0K	-$600.0K	-$400.0K	-$200.0K
YoY Change	-88.23%	5921.41%	-54.33%	-35.71%	75.0%	33.33%	-50.0%	-700.0%	-50.0%	-157.14%	-131.82%	83.33%	200.0%	-180.0%	-64.29%	-33.33%	425.0%	-166.67%	0.0%	50.0%	100.0%	100.0%
% of Operating Profit	11.15%	52.21%	1.51%							-1.25%	1.03%	-2.68%	-3.21%	-1.44%	3.19%	7.41%	12.96%	3.1%	-10.34%	-9.38%	-11.43%	-13.33%
Other Income/Expense, Net	-$1.000K
YoY Change

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002
Pretax Income	$29.02M	$47.65M	$27.58M	-$2.973M	-$18.06M	-$20.94M	-$39.64M	-$32.90M	-$144.4M	$50.00M	$68.66M	$79.95M	$36.14M	$27.27M	$16.19M	$20.40M	$18.30M	$13.30M	$5.300M	$5.800M	$3.100M	$1.300M
YoY Change	-39.11%	72.79%	-1027.65%	-83.54%	-13.77%	-47.16%	20.48%	-77.21%	-388.77%	-27.17%	-14.13%	121.23%	32.53%	68.38%	-20.62%	11.48%	37.59%	150.94%	-8.62%	87.1%	138.46%	-126.53%
Income Tax	$8.039M	$7.329M	-$23.37M	$801.0K	$1.200M	-$9.328M	-$451.0K	$27.03M	-$39.57M	$19.70M	$27.55M	$31.65M	$15.46M	$12.19M	$7.788M	$9.100M	$7.500M	$5.300M	$1.200M	$500.0K	$400.0K	$0.00
% Of Pretax Income	27.71%	15.38%	-84.74%							39.4%	40.13%	39.59%	42.78%	44.72%	48.09%	44.61%	40.98%	39.85%	22.64%	8.62%	12.9%	0.0%
Net Earnings	$20.98M	$40.32M	$50.95M	-$3.800M	-$19.30M	-$11.60M	-$39.20M	-$59.90M	-$104.8M	$30.40M	$41.10M	$48.30M	$8.512M	$12.00M	$5.700M	$11.60M	$11.00M	$8.000M	$4.100M	$5.300M	$2.800M	$1.300M
YoY Change	-47.98%	-20.85%	-1440.76%	-80.31%	66.38%	-70.41%	-34.56%	-42.84%	-444.74%	-26.03%	-14.91%	467.43%	-29.07%	110.53%	-50.86%	5.45%	37.5%	95.12%	-22.64%	89.29%	115.38%	-126.53%
Net Earnings / Revenue	6.67%	14.4%	19.78%	-1.85%	-8.52%	-5.17%	-14.52%	-18.93%	-26.39%	6.13%	8.12%	10.16%	2.6%	4.4%	2.6%	4.61%	5.73%	5.41%	4.59%	6.98%	4.61%	2.92%
Basic Earnings Per Share	$0.68	$1.25	$1.53	-$0.11	-$0.58						$1.30	$1.57	$0.31	$0.44	$0.21
Diluted Earnings Per Share	$0.65	$1.20	$1.45	-$0.11	-$0.58	-$361.4K	-$1.248M	-$1.958M	-$3.493M	$968.2K	$1.26	$1.47	$0.29	$0.44	$0.21	$411.3K	$391.5K	$306.5K	$181.4K	$289.6K	$173.9K	$71.82K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004
Cash & Short-Term Investments	$118.2M	$97.94M	$106.3M	$76.00M	$66.50M	$78.40M	$94.30M	$134.5M	$95.50M	$62.60M	$95.10M	$104.8M	$129.0M	$75.90M	$64.20M	$63.20M	$61.60M	$66.60M	$10.40M	$12.20M
YoY Change	20.66%	-7.89%	39.91%	14.29%	-15.18%	-16.86%	-29.89%	40.84%	52.56%	-34.17%	-9.26%	-18.76%	69.96%	18.22%	1.58%	2.6%	-7.51%	540.38%	-14.75%
Cash & Equivalents	$110.3M	$96.12M	$106.3M	$76.00M	$36.50M	$58.40M	$94.30M	$134.5M	$95.50M	$62.60M	$95.10M	$104.8M	$129.0M	$42.50M	$33.50M	$52.00M	$40.00M	$54.40M	$10.40M	$5.500M
Short-Term Investments	$7.891M	$1.819M		$0.00	$30.00M	$20.00M							$0.00	$33.40M	$30.60M	$11.20M	$21.70M	$12.30M	$0.00	$6.700M
Other Short-Term Assets	$8.232M	$7.582M	$6.573M	$5.600M	$8.100M	$7.800M	$11.90M	$11.20M	$27.70M	$21.90M	$16.00M	$20.90M	$21.20M	$13.70M	$8.700M	$7.700M	$5.500M	$2.000M	$1.600M	$600.0K
YoY Change	8.57%	15.35%	17.37%	-30.86%	3.85%	-34.45%	6.25%	-59.57%	26.48%	36.88%	-23.44%	-1.42%	54.74%	57.47%	12.99%	40.0%	175.0%	25.0%	166.67%
Inventory	$11.12M	$11.68M	$12.47M	$5.600M	$5.800M	$10.10M	$20.70M	$27.60M	$25.50M	$78.50M	$29.30M	$20.70M	$15.10M	$14.70M	$14.30M	$13.30M	$16.50M	$4.700M	$1.900M	$900.0K
Prepaid Expenses
Receivables	$8.748M	$12.39M	$6.466M	$5.700M	$7.000M	$4.900M	$11.60M	$10.40M	$6.200M	$21.70M	$24.10M	$16.20M	$6.000M	$4.400M	$4.200M	$4.700M	$5.100M	$2.600M	$700.0K	$1.900M
Other Receivables	$0.00	$0.00	$0.00	$1.700M	$2.500M	$1.700M	$400.0K	$1.200M	$33.50M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$146.3M	$129.6M	$131.8M	$94.60M	$89.90M	$103.0M	$138.9M	$184.9M	$188.4M	$184.7M	$164.5M	$162.6M	$171.3M	$108.7M	$91.40M	$88.80M	$88.70M	$75.90M	$14.60M	$15.50M
YoY Change	12.87%	-1.71%	39.37%	5.23%	-12.72%	-25.85%	-24.88%	-1.86%	2.0%	12.28%	1.17%	-5.08%	57.59%	18.93%	2.93%	0.11%	16.86%	419.86%	-5.81%
Property, Plant & Equipment	$27.04M	$32.30M	$31.11M	$28.40M	$18.80M	$16.60M	$16.80M	$14.40M	$13.40M	$12.30M	$10.40M	$10.40M	$7.000M	$6.300M	$6.100M	$4.700M	$4.200M	$2.400M	$1.000M	$1.100M
YoY Change	-16.28%	3.82%	9.55%	51.06%	13.25%	-1.19%	16.67%	7.46%	8.94%	18.27%	0.0%	48.57%	11.11%	3.28%	29.79%	11.9%	75.0%	140.0%	-9.09%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets	$13.81M	$21.07M	$29.30M	$9.100M	$13.00M	$15.10M	$13.70M	$13.00M	$18.60M	$8.000M	$6.600M	$7.500M	$6.000M	$20.70M	$3.100M	$3.300M	$2.300M	$1.200M	$1.100M	$1.100M
YoY Change	-34.43%	-28.1%	221.95%	-30.0%	-13.91%	10.22%	5.38%	-30.11%	132.5%	21.21%	-12.0%	25.0%	-71.01%	567.74%	-6.06%	43.48%	91.67%	9.09%	0.0%
Total Long-Term Assets	$142.7M	$158.5M	$123.7M	$102.0M	$97.40M	$98.80M	$76.30M	$75.20M	$100.1M	$247.0M	$256.8M	$237.8M	$56.50M	$56.20M	$47.20M	$48.40M	$22.40M	$12.10M	$11.40M	$2.200M
YoY Change	-9.97%	28.11%	21.31%	4.72%	-1.42%	29.49%	1.46%	-24.88%	-59.47%	-3.82%	7.99%	320.88%	0.53%	19.07%	-2.48%	116.07%	85.12%	6.14%	418.18%
Total Assets	$289.0M	$288.1M	$255.6M	$196.6M	$187.3M	$201.8M	$215.2M	$260.1M	$288.5M	$431.7M	$421.3M	$400.4M	$227.8M	$164.9M	$138.6M	$137.2M	$111.1M	$88.00M	$26.00M	$17.70M
YoY Change
Accounts Payable	$88.11M	$91.22M	$74.32M	$48.10M	$37.00M	$45.00M	$40.60M	$40.40M	$41.80M	$62.30M	$50.40M	$48.30M	$28.60M	$22.40M	$16.80M	$27.50M	$16.60M	$16.50M	$6.500M	$5.300M
YoY Change	-3.41%	22.73%	54.52%	30.0%	-17.78%	10.84%	0.5%	-3.35%	-32.91%	23.61%	4.35%	68.88%	27.68%	33.33%	-38.91%	65.66%	0.61%	153.85%	22.64%
Accrued Expenses	$27.91M	$27.84M	$30.23M	$22.90M	$28.80M	$21.40M	$30.20M	$45.10M	$27.40M	$44.50M	$34.80M	$36.40M	$23.40M	$22.90M	$14.70M	$10.30M	$10.30M	$5.300M	$3.300M	$2.800M
YoY Change	0.24%	-7.88%	31.99%	-20.49%	34.58%	-29.14%	-33.04%	64.6%	-38.43%	27.87%	-4.4%	55.56%	2.18%	55.78%	42.72%	0.0%	94.34%	60.61%	17.86%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00			$0.00	$10.00M	$0.00		$100.0K	$0.00	$0.00	$100.0K	$600.0K	$400.0K
YoY Change											-100.0%						-100.0%	-83.33%	50.0%
Total Short-Term Liabilities	$120.7M	$123.5M	$109.2M	$74.30M	$68.80M	$68.50M	$70.80M	$85.50M	$69.20M	$106.8M	$85.20M	$109.4M	$59.60M	$48.60M	$31.60M	$37.80M	$26.90M	$21.80M	$10.40M	$8.500M
YoY Change	-2.26%	13.13%	46.94%	7.99%	0.44%	-3.25%	-17.19%	23.55%	-35.21%	25.35%	-22.12%	83.56%	22.63%	53.8%	-16.4%	40.52%	23.39%	109.62%	22.35%
Long-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$32.00M	$0.00	$0.00	$100.0K	$0.00	$0.00	$0.00	$4.000M	$1.800M
YoY Change											-100.0%			-100.0%				-100.0%	122.22%
Other Long-Term Liabilities	$6.582M	$9.687M	$10.10M	$7.500M							$18.40M	$0.00	$4.700M	$1.900M
YoY Change	-32.05%	-4.07%	34.64%									-100.0%	147.37%
Total Long-Term Liabilities	$6.582M	$9.687M	$10.10M	$7.500M	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$18.40M	$32.00M	$4.700M	$1.900M	$100.0K	$0.00	$0.00	$0.00	$4.000M	$1.800M
YoY Change	-32.05%	-4.07%	34.64%							-100.0%	-42.5%	580.85%	147.37%	1800.0%				-100.0%	122.22%
Total Liabilities	$127.4M	$133.6M	$120.6M	$84.80M	$71.10M	$72.20M	$82.60M	$97.50M	$72.50M	$114.7M	$106.5M	$150.4M	$66.40M	$52.50M	$34.60M	$40.80M	$29.10M	$22.30M	$14.60M	$10.30M
YoY Change	-4.59%	10.79%	42.17%	19.27%	-1.52%	-12.59%	-15.28%	34.48%	-36.79%	7.7%	-29.19%	126.51%	26.48%	51.73%	-15.2%	40.21%	30.49%	52.74%	41.75%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2017	2016	2015	2013	2012	2011	2010	2009
Basic Shares Outstanding	31.08M	32.29M shares	33.33M shares	33.61M shares	33.06M shares	31.40M shares	30.64M shares	29.99M shares	31.62M shares	30.85M shares	27.74M shares	27.10M shares	27.70M shares
Diluted Shares Outstanding	32.07M	33.72M shares	35.02M shares	33.61M shares	33.06M shares	31.40M shares	30.64M shares	29.99M shares	32.66M shares	32.78M shares	29.08M shares	27.41M shares	27.85M shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Dividends

Stock Price

Market Cap: $683.32 Million

About Liquidity Services Inc

Liquidity Services, Inc. engages in the provision of e-commerce solutions to manage, value, and sell inventory and equipment for business and government clients. The company is headquartered in Bethesda, Maryland and currently employs 716 full-time employees. The company went IPO on 2006-02-23. The company operates a business to business (B2B) e-commerce marketplace platform for surplus assets. Its segments include GovDeals, Retail Supply Chain Group (RSCG), Capital Assets Group (CAG) and Machinio. The GovDeals segment provides solutions that enable government entities including city, county, state and federal agencies located in the United States and Canada and related commercial businesses to sell surplus property and real estate assets through its GovDeals and Bid4Assets marketplaces. The RSCG segment consists of marketplaces that enable corporations located in the United States and Canada to sell excess, returned, and overstocked consumer goods. The CAG segment offers solutions to sellers and consists of marketplaces that enable commercial businesses to sell surplus assets. Machinio segment operates a search engine platform for listing used equipment for sale in the construction, machine tool, printing and agriculture sectors.

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