LIQUIDITY SERVICES, INC
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $476.7M | $363.3M | $314.5M | $280.1M | $257.5M | $205.9M | $226.5M | $224.5M |
| Cost of Revenue | — | — | — | — | — | — | — | — |
| Gross Profit | $208.8M | $185.2M | $172.1M | $160.6M | $149.9M | $109.9M | $113.3M | $109.7M |
| Gross Margin | 43.8% | 51.0% | 54.7% | 57.4% | 58.2% | 53.4% | 50.0% | 48.9% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $32.8M | $32.0M | $28.1M | $28.3M | $28.9M | $29.2M | $34.2M | $30.5M |
| Operating Income | $35.1M | $23.4M | $26.1M | $47.4M | $27.2M | $-3.9M | $-19.5M | $-21.7M |
| Operating Margin | 7.4% | 6.4% | 8.3% | 16.9% | 10.5% | -1.9% | -8.6% | -9.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $39.4M | $27.3M | $29.0M | $47.7M | $27.6M | $-3.0M | $-18.1M | $-20.9M |
| Income Tax Expense | $11.3M | $7.3M | $8.0M | $7.3M | $-23.4M | $801.0K | $1.2M | $-9.3M |
| Net Income | $28.1M | $20.0M | $21.0M | $40.3M | $50.9M | $-3.8M | $-19.3M | $-11.6M |
| Net Margin | 5.9% | 5.5% | 6.7% | 14.4% | 19.8% | -1.8% | -8.5% | -5.2% |
| EPS (Basic) | $0.91 | $0.66 | $0.68 | $1.25 | $1.53 | $-0.11 | $-0.58 | $-0.36 |
| EPS (Diluted) | $0.87 | $0.63 | $0.65 | $1.20 | $1.45 | $-0.11 | $-0.58 | $-0.36 |
| Shares Outstanding (Basic) | 30.9M | 30.5M | 31.1M | 32.3M | 33.3M | 33.6M | 33.1M | 33.1M |
| Shares Outstanding (Diluted) | 32.4M | 31.6M | 32.1M | 33.7M | 35.0M | 33.6M | 33.1M | 33.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |