secwatch.observer — SEC 8-K summary
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Issuer:     LIQUIDITY SERVICES INC (LQDT)
CIK:        0001235468
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0000950170-25-104537
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1235468/000095017025104537/0000950170-25-104537-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1235468/000095017025104537/lqdt-20250807.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-104537

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