Business
Liquidity Services Announces First Quarter Fiscal Year 2025 Financial Results
Continued Market Share Expansion Fuels Record GMV and Improved Operating Leverage to Start the Fiscal Year BETHESDA, Md., Feb. 06, 2025 (GLOBE NEWSWIRE) --
About this update from Liquidity Services, Inc.
[{"type":"text","content":"Continued Market Share Expansion Fuels Record GMV and Improved Operating Leverage to Start the Fiscal Year\nBETHESDA, Md., Feb. 06, 2025 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT; www.liquidityservices.com), a leading global commerce company powering the circular economy, today announced its financial results for its fiscal quarter ended December 31, 2024, as compared to the corresponding prior year quarter: Record Gross Merchandise Volume (GMV) of $386.1 million, up 26%, and Revenue of $122.3 million, up 72%GAAP Net Income of $5.8 million, up 205%, and GAAP Diluted Earnings Per Share (EPS) of $0.18, up 200%Non-GAAP Adjusted EBITDA of $13.1 million, up 81%, and Non-GAAP Adjusted EPS of $0.28, up 100%Cash balances of $139.1 million1 with zero financial debt “Our strong start to FY2025 was fueled by the continuing adoption of our services by customers and momentum across our businesses, resulting in a new quarterly GMV record and double-digit GMV growth in every one of our segments. Notably, our RSCG segment’s expanded relationships with our seller clients drove new quarterly segment records in GMV, revenue and direct profit for the second quarter in a row. GovDeals and Machinio contributed consistent seller acquisition and service expansion, while CAG continued to scale its recurring seller base in its heavy equipment category, which grew over 30% organically. \"The strength of our performance across all of our segments is powered by our relentless drive to exceed the expectations of our sellers and buyers. By continually enhancing our services and leveraging advanced technologies, we are attracting more sellers and buyers to our platform and enhancing our overall marketplace experiences. In that spirit, we are excited to announce the acquisition of Auction Software, a private-label marketplace and SaaS solutions provider. This acquisition will enable us to provide our clients with additional integrated solutions that will expand our SaaS offerings and extend our market reach. With our market leading solutions, strong financial foundation and strategic focus, we are well-positioned to capitalize on emerging opportunities in the $100 Billion circular economy and drive long-term growth,” said Bill Angrick, Liquidity Services, CEO. First Quarter Financial Highlights GMV for the fiscal first quarter of 2025 was $386.1 milli...