NasdaqIndustrialsDiversified Support ServicesS&P SmallCap 600
$43.64
-1.08 (-2.42%)
Close of Nov 06, 2026 · end-of-day data
LQDT 8-K filings, explained
Every material Form 8-K Liquidity Services has filed with the SEC since March 27, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Liquidity Services completed its acquisition of Auction Holdings, Inc., which operates the Invaluable, AuctionZip and RFC Auction Systems online marketplaces, for a base purchase price of $80 million in cash funded with cash on hand. The company expects the deal to be accretive to GAAP and Non-GAAP Adjusted Diluted EPS in fiscal 2027, but it did not provide a reconciliation and said acquisition-related items could materially affect GAAP results. The filing does not report financial results for the acquired businesses beyond their gross merchandise sales for fiscal 2025.
Base purchase price of $80 million in cash, on a debt-free, cash-free basis, subject to customary adjustments, funded with cash on hand
$9.4 million of cash consideration deposited in escrow for indemnification and downward purchase-price adjustments, with portions scheduled for release after 12 months and three years
Company expects accretion to GAAP and Non-GAAP Adjusted Diluted EPS in fiscal 2027, without a GAAP reconciliation
Acquired businesses processed more than $500 million of gross merchandise sales for the fiscal year ended December 31, 2025, and Invaluable's leadership is expected to remain
Liquidity Services reported results for the fiscal third quarter ended June 30, 2026, with revenue of $129.6 million, up 8%, and GAAP net income of $10.4 million, up 41% from $7.4 million a year earlier. The company also gave fiscal fourth quarter 2026 guidance of $10.0 million to $13.0 million in GAAP net income and $0.30 to $0.39 in GAAP diluted EPS.
Gross merchandise volume (GMV) was $453.0 million, up 10%, and revenue was $129.6 million, up 8%
GAAP diluted EPS was $0.32, up from $0.23, and non-GAAP Adjusted EBITDA was $22.0 million, up from $17.0 million
Fiscal Q4 2026 guidance: GAAP net income of $10.0 million to $13.0 million; GAAP diluted EPS of $0.30 to $0.39
Cash balances were $231.1 million with zero financial debt as of June 30, 2026
Liquidity Services entered into a Fourth Amendment to its credit agreement with Wells Fargo Bank on June 22, 2026, extending the agreement's term from March 31, 2027 to March 31, 2028. All other terms remain unchanged, according to the filing. The extension pushes out the maturity of the company's credit facility by one year, which is routine maintenance of financing arrangements rather than a change in terms.
Amendment dated June 22, 2026 with lender Wells Fargo Bank, National Association
Credit agreement term extended from March 31, 2027 to March 31, 2028
All other terms and conditions remain in full force and effect without waiver or modification
Liquidity Services reported fiscal second-quarter 2026 results for the quarter ended March 31, 2026, with revenue of $120.7 million, up 4%, and GAAP net income of $7.5 million, up 7% from $7.1 million. The company also gave third-quarter fiscal 2026 guidance, with GAAP net income expected between $7.0 million and $10.0 million and GAAP diluted EPS between $0.21 and $0.30.
Gross merchandise volume was $389.9 million, up 6%, and revenue was $120.7 million, up 4%.
GAAP diluted EPS was $0.23, up from $0.22; Non-GAAP Adjusted EBITDA was $16.7 million, up from $12.2 million.
Cash balances were $204.0 million with zero financial debt as of the quarter end.
Q3 fiscal 2026 guidance: GMV of $425 million to $465 million and GAAP net income of $7.0 million to $10.0 million.
Director George H. Ellis, a board member since May 2010, retired from the Liquidity Services board effective February 4, 2026, as part of long-term succession planning and not due to any disagreement with the company. The board reduced its size from 8 to 7 directors and cut the Audit and Governance committees from 4 to 3 independent directors each.
George H. Ellis notified the company on February 3, 2026 of his retirement, effective February 4, 2026.
Ellis served as director since May 2010 and as Audit Committee Chair from 2010 through February 2024.
Board size reduced from 8 to 7 directors; Audit and Governance committees each reduced from 4 to 3 independent directors.
Liquidity Services reported fiscal first-quarter 2026 results for the quarter ended December 31, 2025. GAAP net income rose 29% to $7.5 million, or $0.23 per diluted share, while revenue fell 1% to $121.2 million and GMV rose 3% to $398.0 million. The company also issued fiscal second-quarter 2026 guidance, including GAAP diluted EPS of $0.20 to $0.29 and Non-GAAP Adjusted EBITDA of $14.0 million to $17.0 million.
GAAP net income of $7.5 million, up 29% from $5.8 million; GAAP diluted EPS of $0.23, up from $0.18
Revenue of $121.2 million, down 1% from $122.3 million; GMV of $398.0 million, up 3%
Non-GAAP Adjusted EBITDA of $18.1 million, up 38% from $13.1 million
Q2-FY26 guidance: GMV of $375 million to $415 million; GAAP net income of $6.5 million to $9.5 million
Liquidity Services reported fiscal fourth-quarter 2025 results, with GMV up 12% to $404.5 million, revenue up 10% to $118.1 million, and GAAP net income up 23% to $7.8 million. The company also said its board approved a $15.0 million increase to its share repurchase authorization, and it gave first-quarter fiscal 2026 guidance that expects tempered year-over-year consolidated GMV and revenue.
Q4 GAAP diluted EPS was $0.24, up 20% from $0.20; Non-GAAP Adjusted EBITDA was $18.5 million, up 28%.
Fiscal 2025 GMV was $1.57 billion, up 15%, and revenue was $476.7 million, up 31%.
On November 17, 2025, the board authorized repurchases of up to $15.0 million of common stock through December 31, 2027.
Q1 fiscal 2026 guidance calls for GAAP net income of $5.0 million to $8.0 million and GMV of $370 million to $405 million.
Liquidity Services reported results for the fiscal third quarter ended June 30, 2025, with revenue up 28% to $119.9 million and GAAP diluted earnings per share of $0.23, up from $0.19 a year earlier. The company also issued fourth-quarter fiscal 2025 guidance, including GAAP net income of $5.0 million to $8.0 million and GAAP diluted EPS of $0.15 to $0.25, and said it expects RSCG segment profit to decline sequentially.
Q3 FY25 revenue $119.9 million, up 28% from $93.6 million; GMV $413.0 million, up 9%
GAAP net income $7.4 million, up from $6.0 million; GAAP diluted EPS $0.23 vs $0.19
Q4 FY25 guidance: GAAP net income $5.0 million to $8.0 million; GAAP diluted EPS $0.15 to $0.25
Cash balances of $167.0 million with zero financial debt as of June 30, 2025
Liquidity Services appointed Paul J. Hennessy, CEO of Shutterstock, as a director effective October 1, 2025, filling a seat created by expanding the board from seven to eight members. He will serve on the Governance and Audit Committees and is determined to be independent, which adds an independent board member with public-company CEO experience.
Paul J. Hennessy appointed director effective October 1, 2025; Class II director until the 2026 annual meeting
Board expanded from seven to eight directors to create the seat
Hennessy is CEO of Shutterstock, Inc. (NYSE: SSTK) since July 2022 and previously CEO of Vroom, Inc. from June 2016 to May 2022
Hennessy will join the Governance Committee and Audit Committee and receives standard non-employee director compensation
Liquidity Services reported results for the fiscal second quarter ended March 31, 2025, with revenue up 27% to $116.4 million and GAAP net income up 24% to $7.1 million. The company also issued third-quarter fiscal 2025 guidance, including GAAP diluted EPS of $0.18 to $0.28, and said weather-related delays and client tariff pressures could affect asset listings and sales timing. For shareholders, headline revenue and profit grew, though Non-GAAP Adjusted EBITDA rose only 1%.
Revenue of $116.4 million, up 27% from $91.5 million a year earlier; GMV of $367.4 million, up 15%
GAAP net income of $7.1 million, or $0.22 per diluted share, up from $0.18; Non-GAAP Adjusted EBITDA of $12.2 million, up 1%
Q3 FY2025 guidance: GMV of $395 million to $430 million and GAAP diluted EPS of $0.18 to $0.28
Cash balances of $149.0 million with zero financial debt; $17.6 million remaining share repurchase authorization as of March 31, 2025
Liquidity Services reported fiscal first-quarter 2025 results for the quarter ended December 31, 2024, with revenue of $122.3 million, up from $71.3 million a year earlier, and GAAP net income of $5.8 million, up from $1.9 million. The company also gave second-quarter guidance and announced the acquisition of Auction Software, which it does not expect to significantly affect second-quarter results.
GMV was $386.1 million, up 26% from $305.9 million; GAAP diluted EPS was $0.18 versus $0.06 a year earlier
Q2 FY2025 guidance: GAAP net income of $5.5 million to $8.0 million and GMV of $360 million to $390 million
Company announced the acquisition of Auction Software, a private-label marketplace and SaaS solutions provider
Cash balances were $139.1 million with zero financial debt as of the report date
Liquidity Services reported fiscal fourth-quarter 2024 results for the quarter ended September 30, 2024, with revenue of $106.9 million, up 34%, and GAAP net income of $6.4 million, up $0.1 million. GAAP diluted EPS was $0.20, the same as a year earlier. The company also authorized a new buyback of up to $10.0 million and guided fiscal first-quarter 2025 GAAP diluted EPS to $0.08 to $0.16.
Revenue of $106.9 million, up 34% from $80.0 million; GMV of $361.0 million, up 14%.
GAAP net income of $6.4 million, up $0.1 million; GAAP diluted EPS of $0.20, unchanged from the prior-year quarter.
Non-GAAP Adjusted EBITDA of $14.5 million, up 13% from $12.8 million.
On December 9, 2024, the Board authorized repurchases of up to $10.0 million of common stock through December 31, 2026; Q1-FY25 GAAP diluted EPS guidance is $0.08 to $0.16.
Liquidity Services reported fiscal third-quarter 2024 results for the quarter ended June 30, 2024, with GMV of $380.4 million (up 14%) and revenue of $93.6 million (up 16%). GAAP net income fell to $6.0 million, or $0.19 per diluted share, from $6.5 million, or $0.21, a year earlier, as sales, marketing, technology and operations spending rose and $1.1 million of acquisition-related and litigation settlement costs were incurred. The company also issued fourth-quarter fiscal 2024 guidance for GMV of $330 million to $365 million and GAAP net income of $5.0 million to $7.0 million.
Q3 FY24 GMV was $380.4 million, up 14%, and revenue was $93.6 million, up 16%, versus the prior-year quarter.
GAAP net income was $6.0 million ($0.19 per diluted share), down from $6.5 million ($0.21) a year earlier; non-GAAP adjusted EBITDA rose to $14.7 million from $13.3 million.
Q4 FY24 guidance: GMV of $330 million to $365 million, GAAP net income of $5.0 million to $7.0 million, and GAAP diluted EPS of $0.16 to $0.22.
As of June 30, 2024, the company reported cash balances of $136.8 million and no financial debt, with $7.6 million remaining under its share repurchase authorization.
Liquidity Services reported results for the quarter ended March 31, 2024, in a press release furnished under Item 2.02 of Form 8-K. Revenue rose 12% to $91.5 million and GAAP net income rose 35% to $5.7 million, or $0.18 per diluted share. The company also gave third-quarter fiscal 2024 guidance, including GAAP net income of $3.5 million to $6.5 million, which gives shareholders a view of expected near-term earnings.
Gross merchandise volume (GMV) was $319.4 million, up 13%, and revenue was $91.5 million, up 12%.
GAAP net income was $5.7 million, up 35%, and GAAP diluted EPS was $0.18, up 38%.
Non-GAAP Adjusted EBITDA was $12.1 million, up from $9.9 million in the prior-year quarter.
Q3 FY24 guidance: GAAP net income of $3.5 million to $6.5 million and GAAP diluted EPS of $0.11 to $0.21.
Liquidity Services entered a Second Amendment to its Credit Agreement with Wells Fargo Bank on March 27, 2024, extending the agreement's term from March 31, 2025 to March 31, 2026. All other terms remain in full force, according to the filing. The change pushes out the company's credit facility maturity by one year, which the filing describes as an administrative extension without other modifications.
Second Amendment to Credit Agreement signed March 27, 2024 with Wells Fargo Bank, National Association
Credit Agreement term extended from March 31, 2025 to March 31, 2026
Original Credit Agreement dated February 10, 2022; all other terms unchanged
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