LQDT Liquidity Services, Inc.
Price Chart
Executive Summary
Liquidity Services reported Q2 FY2026 (Mar 31, 2026) results with GAAP EPS of $0.23 (up 5% YoY) and Non-GAAP Adjusted Diluted EPS of $0.35 (up 13% YoY), beating the consensus estimate of $0.30 by 16.7%. Revenue of $120.7M grew 4% YoY, driven by broad-based segment growth, while Non-GAAP Adjusted EBITDA surged 37% to $16.7M, reflecting strong operating leverage. The company guided Q3 FY2026 Non-GAAP Adjusted Diluted EPS of $0.30-$0.39, with the midpoint of $0.345 slightly above the $0.30 consensus, supporting a bullish outlook.
Actionable Insight
The strong Q2 beat and Q3 guidance above consensus suggest upward EPS estimate revisions. With $204M cash, zero debt, and a $15M buyback authorization remaining, the company has ample capital flexibility. Monitor the Q3 earnings call for updates on RSCG consignment growth trajectory and GovDeals real estate pipeline, which could drive further upside.
Key Facts
- GAAP Diluted EPS of $0.23 vs $0.22 YoY, up 5%
- Non-GAAP Adjusted Diluted EPS of $0.35 vs consensus $0.30, a 16.7% beat
- Revenue of $120.7M, up 4% YoY from $116.4M
- GMV of $389.9M, up 6% YoY
- Non-GAAP Adjusted EBITDA of $16.7M, up 37% YoY from $12.2M
- Q3 FY2026 guidance: Non-GAAP Adjusted Diluted EPS $0.30-$0.39 (midpoint $0.345 vs consensus $0.30)
- Cash and short-term investments of $204.0M with zero debt
- RSCG segment direct profit up 29% YoY; GovDeals revenue up 11%
Financial Impact
EPS beat of $0.05 (16.7%) vs consensus on $120.7M revenue; guidance midpoint $0.345 vs $0.30 consensus implies ~15% upside to forward estimates
Risk Factors
- Q3 guidance midpoint implies sequential EPS decline from Q2's $0.35 to ~$0.345, reflecting seasonal and mix headwinds
- RSCG purchase GMV expected to be 'sequentially consistent with a less favorable product mix' in Q3
- Effective tax rate expected to rise to mid-30s in Q3, pressuring GAAP net income growth
Market Snapshot
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3289770 |
Track record builds as more directional reports settle.
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Jun 11, 2026
1d ago
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Institutional Cluster
| $37.56 awaiting T+5 | awaiting T+5 | — | $37.94 (−1.01%) |
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May 29, 2026
15d ago
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Insider Cluster
| $36.21 $37.23 | ▲ +2.82% | ▲ +5.34% | $37.94 (+4.78%) |
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May 27, 2026
16d ago
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Insider Cluster
| $36.33 $36.94 | ▲ +1.68% | ▲ +1.36% | $37.94 (+4.43%) |
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May 26, 2026
17d ago
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Insider Cluster
| $36.06 $36.14 | ▲ +0.22% | ▼ −0.25% | $37.94 (+5.21%) |
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May 13, 2026
4w ago
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Insider Cluster
| $33.97 $36.06 | ▲ +6.15% | ▲ +3.86% | $37.94 (+11.69%) |
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May 13, 2026
4w ago
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Insider Cluster
| $33.34 $34.20 | ▲ +2.58% | ▲ +3.30% | $37.94 (+13.80%) |
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May 13, 2026
4w ago
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Insider Cluster
| $33.34 $34.20 | ▲ +2.58% | ▲ +3.30% | $37.94 (+13.80%) |
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May 13, 2026
4w ago
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Insider Cluster
| $33.34 $34.20 | ▲ +2.58% | ▲ +3.30% | $37.94 (+13.80%) |
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May 7, 2026
5w ago
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Press Release
| $36.25 $33.17 | ▼ −8.50% | ▼ −10.00% | $37.94 (+4.66%) |
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May 5, 2026
5w ago
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Insider Cluster
| $37.09 $33.58 | ▼ −9.46% | ▼ −11.45% | $37.94 (+2.29%) |
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