Business
Liquidity Services Announces Second Quarter Fiscal Year 2025 Financial Results
Innovative Solutions Continue to Drive Market Share Expansion and Growth BETHESDA, Md., May 08, 2025 (GLOBE NEWSWIRE) -- Liquidity Services (NASDAQ:LQDT;
About this update from Liquidity Services, Inc.
[{"type":"text","content":"Innovative Solutions Continue to Drive Market Share Expansion and Growth\nBETHESDA, Md., May 08, 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 March 31, 2025, as compared to the corresponding prior year quarter: Gross Merchandise Volume (GMV) of $367.4 million, up 15%, and Revenue of $116.4 million, up 27%GAAP Net Income of $7.1 million, up 24%, and GAAP Diluted Earnings Per Share (EPS) of $0.22, up 22%Non-GAAP Adjusted EBITDA of $12.2 million, up 1%, and Non-GAAP Adjusted EPS of $0.31, up 15%Cash balances of $149.0 million1 with zero financial debt \"Our team made significant progress expanding our market presence and enhancing our service offerings, notwithstanding emerging economic uncertainty. GovDeals successfully attracted new, higher-volume clients, who previously relied on full-service auctioneers, by implementing innovative hybrid solutions that leverage our scalable marketplaces. RSCG expanded our relationships with sellers across categories and geographies, with solid operating leverage from optimizing our warehouse network and buyer base. CAG continues to grow our recurring seller base in our heavy equipment category, delivering year-over-year GMV growth in excess of 30%. Machinio and our newly launched Software Solutions business each continue to add value by enhancing our service offerings and expanding our market reach. We did encounter some weather-related delays which reduced asset listings during Q2 and we note clients are grappling with the effects of tariffs on their supply chains, which could impact the timing and volume of asset sales, including retail goods and used vehicles. \"Our market-leading solutions help our seller clients and buyers respond to economic uncertainty and evolving international trading relationships. With a strong financial foundation and strategic focus, we are well-positioned to seize emerging opportunities to drive long-term growth, even in uncertain times,\" said Bill Angrick, Liquidity Services, CEO. Second Quarter Financial Highlights GMV for the fiscal second quarter of 2025 was $367.4 million, a 15% increase from $319.4 million in the second fiscal quarter of 2024. GMV in our RSCG segment increased 29% from e...