Liquidity Services 2025 Q3 Earnings Strong Performance as Net Income Surges 23.5%

Liquidity Services (LQDT) reported its fiscal 2025 Q3 earnings on Aug 08th, 2025. The company delivered a strong performance, with revenue and net income rising significantly year-over-year. The results were in line with expectations, though the company did not issue updated guidance during the call.

Liquidity Services reported a 28.1% year-over-year increase in total revenue, which reached $119.88 million in Q3 2025 compared to $93.61 million in Q3 2024. This robust growth reflects the company’s continued dominance in the circular economy e-commerce space.

The company’s earnings performance also showed marked improvement, with EPS rising 20.0% to $0.24 in Q3 2025 from $0.20 in Q3 2024. Net income surged 23.5% to $7.41 million from $6 million in the same period last year, demonstrating stronger profitability and efficient cost management. The combination of revenue growth and margin expansion suggests that Liquidity Services is effectively leveraging its platform innovation and disciplined execution to drive earnings performance.

The stock price of Liquidity Services has shown mixed short-term performance. During the latest trading day, the stock rose 6.39%, while it edged up 2.09% during the most recent full trading week. However, it has declined slightly 2.52% month-to-date.

The strategy of buying LQDT shares after a revenue beat on the earnings release date and holding for 30 days has historically performed well. Over the past three years, this approach yielded positive returns 100% of the time when considering EPS estimates and 88% of the time for revenue estimates over the last two years. This consistent performance underscores LQDT’s ability to outperform expectations. Historical data suggests that the 30-day post-earnings price appreciation rate was positive following the revenue beat, reinforcing the company's resilience in the market.

Bill Angrick, CEO of Liquidity Services, highlighted record GMV, strong adjusted EBITDA, and adjusted EPS growth in Q3 2025, driven by the company’s leadership in the circular economy e-commerce marketplace. He emphasized the strength of the asset-light model, generating operating cash flow exceeding EBITDA, and strategic investments in software, platform innovation, and marketing. The business expanded with over 5.9 million registered buyers and 31% adjusted EBITDA margins. GovDeals set GMV and listings records, while CAG achieved double-digit growth in GMV and direct profit despite sector-specific headwinds. The tone was optimistic, underscoring resilience, diversification, and a debt-free balance sheet with $167 million in cash for growth.

The company did not provide explicit forward-looking guidance in the call transcript, including no specific expectations for future EPS, revenue, or GMV. Bill Angrick expressed confidence in the strategic direction and market positioning but did not quantify future financial expectations.

Additional News
On the same date as Liquidity Services' earnings report, Nigeria’s Punch Newspapers highlighted several noteworthy developments in the Nigerian news sphere. The publication reported that the used car market in Nigeria is booming as more private vehicle owners sell off their cars due to economic hardship. Additionally, WAEC announced revised 2025 WASSCE results and apologized for a grading error, which has sparked concern among students and parents. In political news, the ex-deputy governor of Lagos urged President Tinubu to declare Abiola as a past president, reflecting ongoing political discourse and historical recognition debates. These events highlight broader economic and social trends in Nigeria, although they are not directly tied to Liquidity Services’ financial performance.