Liquidity Services (NASDAQ:LQDT) delivered a stronger-than-anticipated fourth-quarter performance on Thursday, with broad-based growth pushing its annual Gross Merchandise Volume (GMV) above $1.5 billion for the first time. Shares of the company climbed 1.52% following the results.
The online marketplace operator reported adjusted EPS of $0.37, comfortably ahead of the $0.31 analysts were expecting. Quarterly revenue also impressed, rising 10% year-over-year to $118.1 million, topping the $110.08 million consensus.
Fourth-quarter GMV reached $404.5 million, up 12% from the prior year. For fiscal 2025, GMV surged to $1.57 billion, marking a 15% annual increase, while full-year revenue jumped 31% to $476.7 million.
“Our outstanding Q4 results reflect the depth, scale and liquidity of our proprietary marketplace platform and our team’s customer focused culture,” said Bill Angrick, Chairman and CEO. “Our ability to connect buyers and sellers across hundreds of diverse categories, ranging from multi-million-dollar industrial and construction assets, vehicles and retail consumer goods, is unmatched.”
The company’s Capital Assets Group (CAG) delivered the most robust performance, with GMV growing 18% and revenue up 20% year over year. GovDeals, Liquidity’s government surplus asset marketplace, also posted strong gains with GMV up 12% and revenue up 17%.
For fiscal Q1 2026, Liquidity Services expects adjusted EPS between $0.25 and $0.35, compared with the $0.33 Wall Street forecast. Management anticipates continued momentum across GovDeals, CAG, and Machinio & Software Solutions, though it warned of “tempered year-over-year consolidated GMV and revenue” due to lower projected inventory purchases in its Retail Supply Chain Group.
The company also revealed that its Board of Directors approved an additional $15 million share repurchase authorization, extending through December 2027.