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

Liquidity Services Q1 profit rises 29% as revenue dips 1% to $121.2 million

Mixed Impact 3 of 5 earnings Written later

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.

Key points

  • 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

The filing

CompanyLiquidity Services (LQDT)
Form8-K, current report
Filed with the SECFeb 5, 2026, 7:00 AM ET
Accession number0001193125-26-038469

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 February 05, 2026.

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.