Liquidity Services (LQDT)
NASDAQ:LQDT
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Earnings Data
Report Date
Aug 06, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
0.35Last Year’s EPS
0.34Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized broad-based profitable growth: GMV, revenue, segment direct profit, and adjusted EBITDA all expanded year-over-year, the company maintained a strong cash position with zero debt, and multiple segments (retail, GovDeals, CAG, Machinio) reported meaningful momentum and record metrics. The main negatives were an exogenous weather-related slowdown in GovDeals GMV, the earnings dilution impact from higher performance-based stock compensation and a higher effective tax rate, and ongoing external macro risks. On balance, the operational and financial positives materially outweigh the manageable near-term headwinds, and management provided constructive guidance for continued growth in the next quarter.Company Guidance
Strong Profitability Expansion
Consolidated segment direct profit increased 18% year-over-year and consolidated non-GAAP adjusted EBITDA grew 37% YoY to $16.7 million, with adjusted EBITDA representing 30% of segment direct profits for the quarter.
GMV and Revenue Growth
Q2 GMV was $389.9 million, up 6% year-over-year, and revenue was $120.7 million, up 4% YoY.
Earnings Per Share Improvement
GAAP EPS was $0.23, up 5% YoY, and non-GAAP adjusted EPS was $0.35, up 13% YoY.
Strong Balance Sheet and Cash Generation
Ended the quarter with $204 million in cash and short-term investments, zero financial debt, $26 million of borrowing availability on the credit facility, and trailing twelve-month operating cash flow exceeding $86 million.
Retail (RSCG) Segment Strength
Retail GMV increased 10% YoY and segment direct profit increased 29% YoY, driven by higher consignment flows from top retail accounts; RetailRush (D2C) more than doubled GMV sequentially and is setting monthly records.
GovDeals Operational Momentum
GovDeals segment direct profit grew 12% YoY, revenue grew 11% YoY, GMV grew 5% YoY, and the segment set records including new accounts up 30% YoY, record unique sellers in a quarter, and record unique bidders in a month.
CAG (Capital Assets Group) Performance and Backlog
CAG GMV rose 3% YoY while revenue and direct profit grew ~11–12% YoY, with recurring seller flows and a record backlog described as 'several hundreds of millions' in GMV across energy, biopharma, and heavy equipment verticals.
Machinio and Software Growth
Machinio continued momentum with approximately 8% revenue growth (CEO) and is approaching $20 million ARR with 90%+ direct profit margins; combined Machinio and Software Solutions revenue increased ~12% and direct profit ~10% (CFO). Machinio's marine vertical more than doubled sequential new customers and revenues.
Marketplace Scale and Liquidity
Platform scale: 6.3 million registered buyers (up 8% YoY), ~983,000 auction participants in the quarter, ~280,000 completed transactions, and a GMV run-rate approaching $1.8 billion.
Improved Rule of 40 and Trailing Performance
Fiscal 2026 Rule of 40 at 48% (up from 42% in FY2025), TTM net income surpassed $30 million and TTM non-GAAP adjusted EBITDA exceeded $70 million, reflecting balanced growth and profitability.
Forward Guidance Showing Continued Growth
Q3 guidance: GMV $425M–$465M, non-GAAP adjusted EBITDA $17M–$20M, GAAP net income $7M–$10M, GAAP EPS $0.21–$0.30, non-GAAP EPS $0.30–$0.39; capex ~ $2M/quarter.
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 |
|---|---|---|---|
May 07, 2026 | $37.22 | $36.25 | -2.61% |
Feb 05, 2026 | $31.47 | $32.95 | +4.70% |
Nov 20, 2025 | $22.68 | $25.71 | +13.36% |
Aug 07, 2025 | $24.85 | $23.67 | -4.75% |
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 Aug 06, 2026, Before Open (Confirmed).
What is Liquidity Services (LQDT) earnings time?
Liquidity Services (LQDT) earnings time is at Aug 06, 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 (Q3) is 0.35.