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Liquidity Services (LQDT)
NASDAQ:LQDT
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.29Last Year’s EPS
0.31Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized meaningful profitability expansion, strong cash position, category-level wins (GovDeals, heavy equipment), material operational improvements from AI/automation, and solid marketplace engagement (6.2M buyers). Offsetting items include a modest decline in consolidated revenue (‑1%) from a consignment mix shift, localized GMV declines in CAG and retail revenue pressure, and modest near-term one-time costs. On balance, the positive profitability, cash/debt-free balance sheet, client wins, and outlook outweigh the operational mix headwinds.Company Guidance
Consolidated GMV and Direct Profit Growth
Consolidated gross merchandise volume (GMV) of $398.0 million (up ~3% year-over-year) and consolidated direct profit of $57 million, indicating scale and improved monetization of marketplace flows.
Strong Profitability Expansion (GAAP and Non-GAAP)
GAAP net income increased 29% year-over-year; GAAP diluted EPS was $0.23 (up ~28% YoY). Non-GAAP adjusted EBITDA grew 38% YoY to $18.1 million and non-GAAP adjusted diluted EPS rose 39% YoY to $0.39 per share.
Robust Balance Sheet and Capital Return
Ended the quarter with $181.4 million in cash and no financial debt, $26 million of available borrowing capacity under the credit facility, and executed $1.5 million of share repurchases (with $15 million remaining authorization).
GovDeals Momentum and Client Wins
GovDeals GMV grew 7% YoY, revenue up 9%, direct profit up 13%; signed an all-time record of over 500 new agency clients (examples include Pennsylvania DOT, State of New York, HUD, New York Port Authority, City of Malibu).
Retail / SCG Improvement and Consumer Demand
Retail/SCG segment GMV increased 3% YoY; direct-to-consumer GMV grew 40% YoY; segment direct profit increased 16% driven by more lower-touch flows and multichannel buyer participation; direct profit per labor hour surged over 48% YoY.
Capital Assets Group (CAG) Revenue Strength and Heavy Equipment Growth
CAG GAAP revenue increased 17% YoY, heavy equipment category showed 27% organic GMV growth and an 88% increase in number of transactions, reflecting strong buyer participation and category expansion.
Machinio and Software Solutions Expansion
Machinio and software solutions revenue grew 27% YoY with direct profit up 23%, benefitting from subscription expansion, pricing, and contribution from the recently acquired auction software business.
Marketplace Scale and Buyer Engagement
Platform served 6.2 million registered buyers (up 9% YoY), with 983,000 auction participants and 264,000 completed transactions in the quarter, demonstrating improved liquidity and buyer activity.
Forward Guidance Reflects Continued Profitability
Management expects double-digit adjusted EBITDA growth in Q2 YoY and provided FY2026 guidance: GMV $375M–$415M; GAAP net income $6.5M–$9.5M; GAAP EPS $0.20–$0.29; non-GAAP EPS $0.29–$0.38; adjusted EBITDA $14M–$17M, with CapEx ~ $2M/quarter.
Operational Leverage from Technology and AI
Management highlighted AI, data analytics, and automation initiatives improving buyer conversion, asset listing accuracy, predictive lead scoring, and labor productivity—cited examples include automated asset scanning, improved taxonomy, and Retail Rush rollout driving higher recovery rates.
LQDT Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
LQDT Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Nov 20, 2025 | $22.68 | $25.71 | +13.36% |
Aug 07, 2025 | $24.85 | $23.67 | -4.75% |
May 08, 2025 | $31.53 | $28.30 | -10.24% |
Feb 06, 2025 | $31.85 | $33.12 | +3.99% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Liquidity Services (LQDT) report earnings?
Liquidity Services (LQDT) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Liquidity Services (LQDT) earnings time?
Liquidity Services (LQDT) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is LQDT EPS forecast?
LQDT EPS forecast for the fiscal quarter 2026 (Q2) is 0.29.