---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-25-288849"
form_type: "8-K"
ticker: "LQDT"
cik: "0001235468"
company_name: "LIQUIDITY SERVICES INC"
filed_at: "2025-11-20T23:59:59+00:00"
generated_at: "2026-05-16T17:53:39.910265+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Liquidity Services Q4 FY2025 GMV $404.5M (+12% YoY), EPS $0.24; authorizes $15M buyback

## Summary
- Q4 GMV $404.5M (+12% YoY), revenue $118.1M (+10% YoY); GAAP net income $7.8M ($0.24 diluted EPS), up 23% YoY.
- Non-GAAP adj. EBITDA $18.5M (+28% YoY); adj. EPS $0.37, up 16% YoY.
- Full year FY2025 GMV $1.57B (+15%), revenue $476.7M (+31%); adj. EBITDA $60.8M (+25%).
- Board authorized $15M share repurchase increase through Dec 31, 2027; prior $10M authorization fully utilized.
- Q1 FY2026 guidance: GMV $370-405M, adj. EBITDA $13.5-16.5M, adj. diluted EPS $0.25-0.35.

## SEC filing metadata
- accession: 0001193125-25-288849
- form_type: 8-K
- ticker: LQDT
- cik: 0001235468
- company_name: LIQUIDITY SERVICES INC
- filed_at: 2025-11-20T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1235468/000119312525288849/0001193125-25-288849-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1235468/000119312525288849/lqdt-20251120.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-25-288849
- JSON: https://secwatch.observer/filing/0001193125-25-288849.json
- Plain text: https://secwatch.observer/filing/0001193125-25-288849.txt

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