---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-014986"
form_type: "8-K"
ticker: "LQDT"
cik: "0001235468"
company_name: "LIQUIDITY SERVICES INC"
filed_at: "2025-02-06T23:59:59+00:00"
generated_at: "2026-05-27T01:28:24.860641+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Liquidity Services Q1 FY2025: Record GMV $386M, Net Income up 205%, Acquires Auction Software

## Summary
- Record GMV of $386.1M (+26% YoY); revenue $122.3M (+72%); GAAP net income $5.8M (+205%).
- GAAP diluted EPS $0.18 (+200%); Non-GAAP adjusted EPS $0.28 (+100%); Adjusted EBITDA $13.1M (+81%).
- RSCG segment GMV surged 65% YoY; GovDeals +11%; CAG +31%; Machinio revenue +10%.
- Acquired Auction Software, a private-label marketplace and SaaS provider, to expand offerings.
- Q2 FY2025 guidance: GMV $360-390M, GAAP net income $5.5-8.0M, Adj. EBITDA $12-14.5M.

## SEC filing metadata
- accession: 0000950170-25-014986
- form_type: 8-K
- ticker: LQDT
- cik: 0001235468
- company_name: LIQUIDITY SERVICES INC
- filed_at: 2025-02-06T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1235468/000095017025014986/0000950170-25-014986-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1235468/000095017025014986/lqdt-20250206.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-014986
- JSON: https://secwatch.observer/filing/0000950170-25-014986.json
- Plain text: https://secwatch.observer/filing/0000950170-25-014986.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.