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AI brief of an SEC Form 8-K · Liquidity Services (LQDT)

Liquidity Services Q3 revenue rises 16% to $93.6 million; GAAP profit dips

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyLiquidity Services (LQDT)
Form8-K, current report
Filed with the SECAug 8, 2024, 7:00 AM ET
Accession number0000950170-24-093292

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 08, 2024.

Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.