Liquidity Services, Inc. · NASDAQ:LQDT
Liquidity Services — Q1 2026 Earnings Presentation
26 slides from Liquidity Services's earnings presentation, Feb 5, 2026
Slide 1: Investor Presentation First Quarter Fiscal Year 2026
Investor Presentation First Quarter Fiscal Year 2026 © Liquidity Services, Inc. All Rights Reserved. 1
Slide 2: Forward-Looking Information
Forward-Looking Information This document contains forward-looking statements. These statements obligation to publicly update or revise any forward-looking statement to believe the inclusion of non-GAAP measures provides consistency in our are only predictions. The outcome of the events described in
Slide 3: Who We Are
Who We Are Liquidity Services operates the world’s leading global commerce company powering the Circular Economy. To Power the Circular Economy, we: • Sell, manage, and value surplus assets across the globe in a broad range of categories and conditions • Maximize value recovery with the broadest buy
Slide 4: What is the Circular Economy?
Liquidity Services is a first mover and global leader in transforming the Circular Economy, which provides long-term investors the opportunity to drive financial returns while making What is the a positive impact on the environment. Circular Economy? Definition: “The circular economy is a model of p
Slide 5: The Industry Leader in the Circular Economy
15,000+ 130+ Trusted Clients Fortune 1000 Worldwide Global Clients 1 Million+ 900+ Transactions Asset Categories The Industry Leader in Completed Annually in Experience 100+ Countries the Circular Economy B2B | B2C 6.2 Million+ Multichannel Marketing & Sales Strategies Registered Buyers LQDT▲ $15 Bi
Slide 6: Our Purpose
Grow the world’s leading marketplace for surplus assets to Our Purpose benefit sellers, buyers and the planet Our Sellers Our Buyers The Planet For enterprises with used, idle, or For organizations and consumers For the planet’s natural resources, excess assets and inventory we provide: looking to a
Slide 7: Vision and Strategic Pillars
Vision and Strategic Pillars Liquidity Services operates the world’s leading marketplace for surplus assets to benefit sellers, buyers and the planet. Data/ Recovery Maximization Matching R Drive higher net recovery through technology and innovation that improves the buyer experience Increased Volum
Slide 8: Delivering Maximum Value to Sellers
Delivering Maximum Value to Sellers Better Service Better Scale Better Results Superior levels of industry and asset Comprehensive, modular, and scalable Right combination of great people, expertise, responsiveness, intelligence, and solutions spanning all volumes, asset best-in-class processes, and
Slide 9: Providing Superior Buyer Experiences
Providing Superior Buyer Experiences Superior Product Quality and Information Large volumes and recurring flows of products; refurbishment services to enhance and ensure product quality; ability to view detailed product information, ask questions, and inspect items Fair Prices Auction format ensures
Slide 10: Sustainability and Corporate Citizenship
Sustainability and Corporate Citizenship Our Services Enable the Circular Economy We empower corporations and governments to use our e-commerce Sustainability services to resell their surplus assets, which, in turn, enables a more sustainable and circular economy. We Empower Small Business Entrepren
Slide 11: Market Opportunity
Market Opportunity* Highlighted Sellers Across Industries $130+ Billion Total Addressable Market $48 Billion $50 Billion Transportation Retailers & OEMs $20 Billion Industrial Capital Assets $10+ Billion U.S Public Sector (includes Real Estate) $8 Billion Energy *Data from evaluation of research fro
Slide 12: Macro-Trends Expanding Our Opportunity
Macro-Trends Expanding Our Opportunity • Increased demand for digital solutions driving more opportunities with sellers and buyers • Continued online growth in retail driving increased volume of consumer returns E-Commerce • Trending appetite for self-directed solutions Growth • Increasing buyer dem
Slide 13: Our Business Model
Our Business Model Compelling Model ✓ Online, self-service solutions Multiple, Synergistic Revenue Streams ✓ Diversified products, services, and customer mix globally ✓ Consignment Model ✓ High-volume recurring revenue ✓ Purchase Model ✓ Value-added managed services ✓ Service Revenue ✓ Flexible glob
Slide 14: Liquidity Services Marketplace Success
Liquidity Services Q1-FY26 Marketplace Marketplace Marketplace Success Highlights(1) Q1-26 total marketplace growth AllSurplus(2) • +15% Buyer Registrations over the prior year included(1) • +9% Buyer Registrations • Record number of new GovDeals clients • +19% Auction Participants • D2C GMV increas
Slide 15: GovDeals Segment
GovDeals Segment Government agencies continue to adopt our digital Expanded services continue to strengthen our position with marketplace solutions over traditional sales methods with government sellers. over $4 billion sold, transacting in a broader array of assets • Well-positioned to serve increa
Slide 16: RSCG Segment
RSCG Segment Our flexible service offerings and the depth of our multi- channel buyer base are driving stronger relationships Our RSCG segment benefits from: with new and existing sellers across categories and • Outsourcing of non-core activities to drive focus and cost savings geographies • Flexibl
Slide 17: CAG Segment
CAG Segment Driving growth from a diversified and global client base AllSurplus enables delivery of self-directed and fully and seeking expansion with recurring sellers in key managed services to our sellers, including: categories such as heavy equipment, industrial, • AI-driven recommendations and
Slide 18: Machinio & Software Solutions
Machinio & Software Solutions Subscriber growth and pricing increases from Machinio Machinio Advertising and System, as well as the acquisition of • A leading online, subscription-based classifieds and storefront Auction Software, are driving consistent revenue growth marketplace for used Machinery
Slide 19: Financial Results
Financial Results © Liquidity Services, Inc. All Rights Reserved. 19
Slide 20: Consolidated Results – Gross Merchandise Volume (GMV)
Consolidated Results – Gross Merchandise Volume (GMV) $ in millions Annual GMV Q1 QTD FY22 to FY25 Trend FY25 to FY26 1,571 1,367 1,203 1,145 386 398 22 23 24 25 25 26 12 Months Ended 3 Months Ended 9/30 12/31 © Liquidity Services, Inc. All Rights Reserved. 20
Slide 21: Consolidated Results – Revenue
Consolidated Results – Revenue $ in millions Annual Revenue Q1 QTD FY22 to FY25 Trend FY25 to FY26 477 363 315 280 122 121 22 23 24 25 25 26 12 Months Ended 3 Months Ended 9/30 12/31 © Liquidity Services, Inc. All Rights Reserved. 21
Slide 22: Consolidated Results – Non-GAAP Adjusted EBITDA
Consolidated Results – Non-GAAP Adjusted EBITDA(1) $ in millions Annual Non-GAAP Q1 QTD Adjusted EBITDA FY25 to FY26 FY22 to FY25 Trend 18.1 60.8 48.5 13.1 45.9 42.7 22 23 24 25 25 26 12 Months Ended 3 Months Ended 9/30 12/31 (1) For the twelve months ended September 30, 2025, 2024, 2023, and 2022,
Slide 23: Diversification By Pricing Model | GMV Mix
Diversification By Pricing Model | GMV Mix Q1 FY25 Q1 FY26 Purchase Purchase 13% Purchase Purchase 17% 20% 19% Consignment Consignment Consignment Consignment 81% 80%87% 83% Purchase Consignment Self-Directed Consignment Purchase Consignment Self-Directed Consignment © Liquidity Services, Inc. All R
Slide 24: Diversification By Segment | GMV Mix
Diversification By Segment | GMV Mix Q1 FY25 Q1 FY26 RSCG RSCG 29% GovDeals 28% GovDeals 55% 57% CAG CAG 17% 14% © Liquidity Services, Inc. All Rights Reserved. 24
Slide 25: Reconciliation of Financial Data
Reconciliation of Financial Data Adjusted EBITDA Reconciliation (QTD) (in thousands) Q1 FY24 Q2 FY24 Q3 FY24 Q4 FY24 Q1 FY25 Q2 FY25 Q3 FY25 Q4 FY25 Q1 FY26 Net Income $ 1,907 $ 5,709 $ 6,000 $ 6,375 $ 5,810 $ 7,051 $ 7,410 $ 7,822 $ 7,489 Interest & other expense (income), net (1,141) (771) (891) (
Slide 26: Investor Relations
Investor Relations investorrelations@liquidityservicesinc.com © Liquidity Services, Inc. All Rights Reserved. 26