---
schema_version: "secwatch.filing_event.v1"
accession: "0000950170-25-104537"
form_type: "8-K"
ticker: "LQDT"
cik: "0001235468"
company_name: "LIQUIDITY SERVICES INC"
filed_at: "2025-08-07T23:59:59+00:00"
generated_at: "2026-05-17T17:08:44.606379+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Liquidity Services Q3 FY2025: Record GMV $413M, Revenue +28%, EPS $0.23 +21%

## Summary
- GMV record $413M (+9% YoY); Revenue $119.9M (+28%); GAAP net income $7.4M (+24%); GAAP EPS $0.23 (+21%).
- RSCG GMV +30% on retail expansion; GovDeals GMV +1% record; CAG GMV +12% led by heavy equipment.
- Non-GAAP Adj. EBITDA $17.0M (+16%); Adj. EPS $0.34 (+13%); Cash $167M, zero financial debt.
- Q4 FY2025 guidance: GMV $355-390M, GAAP Net Income $5-8M, Adj. EBITDA $13-16M.
- Registered buyers up 9% to 5.9M; auction participants up 8% to 1.1M; completed transactions +9% to 286K.

## SEC filing metadata
- accession: 0000950170-25-104537
- form_type: 8-K
- ticker: LQDT
- cik: 0001235468
- company_name: LIQUIDITY SERVICES INC
- filed_at: 2025-08-07T23:59:59+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/1235468/000095017025104537/0000950170-25-104537-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1235468/000095017025104537/lqdt-20250807.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-25-104537
- JSON: https://secwatch.observer/filing/0000950170-25-104537.json
- Plain text: https://secwatch.observer/filing/0000950170-25-104537.txt

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