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

Liquidity Services Q4 GMV rises 12% to $404.5 million; net income up 23%

Positive Impact 3 of 5 earnings Written later

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.

Key points

  • 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.

The filing

CompanyLiquidity Services (LQDT)
Form8-K, current report
Filed with the SECNov 20, 2025, 7:00 AM ET
Accession number0001193125-25-288849

Items reported: 2.02 Results of Operations

Read the filing on SEC.gov ↗

Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 6:57 AM ET, from the text of the filing and its press-release exhibits 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 November 20, 2025.

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