LQDT
Liquidity Services, Inc.
LQDT's fundamentals are strong, but it looks expensive: trading at 44x earnings, above its usual 31x. Analysts expect strong earnings growth.
LQDT Fundamentals
| Metric | Status |
|---|---|
| Stable | |
| Healthy | |
| Strong | |
| Strong |
LQDT's profitability, cash flow and balance sheet are currently healthy, and its revenue is stable.
LQDT PE Valuation
| Level | PE | Price | Vs current |
|---|---|---|---|
| Cheap | 12x | $11.99 | -73% |
| Forward | 25x | $45.15 | — |
| Fair | 31x | $31.35 | -31% |
| Expensive | 42x | $42.96 | -4.9% |
| Current | 44x | $45.15 | — |
Historical ranges are pointers, not guarantees.
LQDT's PE is in its expensive range at 44x. If earnings grow as analysts expect, today's price would be 25x next year's earnings, in its cheap range.
LQDT Forward outlook
| Metric | Outlook |
|---|---|
| Strongly improving | |
| Strong growth | |
| Growth | |
| Strongly improving | |
| Limited | |
| High |
Analysts expect earnings and revenue growth for LQDT, with profitability improving.
LQDT Earnings Per Share
| Quarter | TTM EPS | YoY |
|---|---|---|
| Forward | $1.81 | +77% |
| Q2 2026 | $1.02 | +23% |
| Q1 2026 | $0.93 | +18% |
| Q4 2025 | $0.92 | +23% |
| Q3 2025 | $0.87 | +38% |
| Q2 2025 | $0.83 | +34% |
| Q1 2025 | $0.79 | +23% |
| Q4 2024 | $0.75 | +27% |
| Q3 2024 | $0.63 | -3.1% |
LQDT's earnings per share have fallen from their peak: $1.02 over the past year, against $1.88 in mid-2022.
LQDT Quarterly Revenue
| Quarter | Revenue | YoY |
|---|---|---|
| Q2 2026 | $129.6M | +8.1% |
| Q1 2026 | $120.7M | +3.7% |
| Q4 2025 | $121.2M | -0.9% |
| Q3 2025 | $118.1M | +10% |
| Q2 2025 | $119.9M | +28% |
| Q1 2025 | $116.4M | +27% |
| Q4 2024 | $122.3M | +72% |
| Q3 2024 | $106.9M | +34% |
LQDT's revenue is growing: $130M last quarter, up 8.1% from the same quarter a year ago.
| Quarter | Margin | YoY |
|---|---|---|
| Q2 2026 | 11% | +2.4 points |
| Q1 2026 | 8% | +2.1 points |
| Q4 2025 | 7.7% | +1.9 points |
| Q3 2025 | 9.3% | +2.5 points |
| Q2 2025 | 8.5% | +0.1 points |
| Q1 2025 | 5.8% | -1.4 points |
| Q4 2024 | 5.8% | +3.5 points |
| Q3 2024 | 6.8% | -3 points |
LQDT's operating margin was 11% last quarter, up 2.4 points from the same quarter a year ago.
LQDT Free Cash Flow
| Quarter | Free cash flow | YoY |
|---|---|---|
| Q2 2026 | $29.4M | +71% |
| Q1 2026 | $27.4M | +39% |
| Q4 2025 | -$2.8M | +$11.2M |
| Q3 2025 | $36M | +88% |
| Q2 2025 | $17.2M | -15% |
| Q1 2025 | $19.8M | -39% |
| Q4 2024 | -$14M | -$3.4M |
| Q3 2024 | $19.2M | +45% |
LQDT generated $90M in free cash flow over the past year, up 114% from the year before.
LQDT Total Shares
| Period | Change % | Net change |
|---|---|---|
| Quarterly | +1.1% | +367K shares |
| 1 year | +1.1% | +354K shares |
| 3 years | +4.2% | +1.3M shares |
| 5 years | -7.3% | -2.6M shares |
| Available history | -1.3% | -440K shares |
LQDT has 33M diluted shares, up 1.1% from a year ago, despite $18M in buybacks over the past year.
| Quarter | Spent |
|---|---|
| Q2 2026 | — |
| Q1 2026 | $40,000 |
| Q4 2025 | $1.5M |
| Q3 2025 | $16.1M |
| Q2 2025 | — |
| Q1 2025 | — |
| Q4 2024 | $79,000 |
| Q3 2024 | — |
LQDT spent $18M buying back its own shares over the past year, more than ten times what it spent the year before.
LQDT Net Leverage
| Quarter | Net Leverage | Status |
|---|---|---|
| Q2 2026 | -4.0x | Net Cash |
| Q1 2026 | -3.9x | Net Cash |
| Q4 2025 | -3.6x | Net Cash |
| Q3 2025 | -3.8x | Net Cash |
| Q2 2025 | -3.7x | Net Cash |
| Q1 2025 | -3.5x | Net Cash |
| Q4 2024 | -3.2x | Net Cash |
| Q3 2024 | -4.3x | Net Cash |
LQDT has more cash than debt.
LQDT Weekly Momentum
| Metric | Value | Status |
|---|---|---|
| RSI | 68.0 | Neutral |
| Stochastic | 74.7 | Neutral |
LQDT's weekly RSI is 68 (neutral) and its Stochastic is 75 (neutral).
LQDT PE vs Consumer Cyclical Sector
| Metric | LQDT | Sector median | Relative |
|---|---|---|---|
| PE | 44x | 18x | 146% above |
| PE % | 88 | 47 | 41 pts above |
LQDT is trading at 44x earnings, a 146% premium to the Consumer Cyclical sector's median of 18x.
LQDT Weekly Moving Averages
| Moving average | MA price | Relative |
|---|---|---|
| 8 week MA | $44.0 | 2.6% above |
| 20 week MA | $42.2 | 7.1% above |
| 50 week MA | $36.6 | 23% above |
| 100 week MA | $32.3 | 40% above |
| 200 week MA | $25.3 | 78% above |
LQDT is in an uptrend: it's above all five of its weekly moving averages, and 78% above its 200-week average.
LQDT Yearly ROI
| Year | Start price | End price | ROI |
|---|---|---|---|
| 2020 | $5.85 | $16.7 | +186% |
| 2021 | $16.7 | $21.5 | +29% |
| 2022 | $21.5 | $14.0 | -35% |
| 2023 | $14.0 | $17.2 | +23% |
| 2024 | $17.2 | $32.1 | +86% |
| 2025 | $32.1 | $31.2 | -2.9% |
| 2026 YTD | $31.2 | $45.2 | +45% |
LQDT has finished higher in four of the last six years, two of them by more than 50%. It's up 45% so far in 2026.