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BETHESDA, Md. - On Thursday, Liquidity Services (NASDAQ:LQDT) reported fourth-quarter earnings that exceeded analyst expectations, with strong growth across all business segments driving the company’s annual Gross Merchandise Volume (GMV) past the $1.5 billion milestone for the first time.
The company’s shares rose 1.52% following the announcement.
The e-commerce marketplace operator reported adjusted earnings of $0.37 per share for the fourth quarter, beating analyst estimates of $0.31. Revenue rose 10% YoY to $118.1 million, surpassing the consensus forecast of $110.08 million.
GMV, which represents the total sales value of all marketplace transactions, increased 12% YoY to $404.5 million in Q4. For the full fiscal year 2025, GMV reached $1.57 billion, up 15% from the previous year, while annual revenue jumped 31% to $476.7 million.
"Our outstanding Q4 results reflect the depth, scale and liquidity of our proprietary marketplace platform and our team’s customer focused culture," said Bill Angrick, Chairman and CEO. "Our ability to connect buyers and sellers across hundreds of diverse categories, ranging from multi-million-dollar industrial and construction assets, vehicles and retail consumer goods, is unmatched."
The company’s Capital Assets Group (CAG) segment saw the strongest growth, with GMV increasing 18% and revenue rising 20% compared to the same quarter last year. The GovDeals segment, which handles government surplus assets, posted a 12% increase in GMV and 17% growth in revenue.
Looking ahead, Liquidity Services provided Q1 fiscal 2026 guidance with adjusted EPS of $0.25-$0.35, compared to the analyst consensus of $0.33. The company expects continued growth in its GovDeals, CAG, and Machinio & Software Solutions segments, though it anticipates "tempered year-over-year consolidated GMV and revenue" due to lower expected inventory purchases in its Retail Supply Chain Group segment.
The Board of Directors also authorized a $15 million increase to the company’s share repurchase program, extending through December 2027.
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