Liquidity Services LQDT Earnings Call Transcript

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Feb. 5, 2026 astatine 10:30 a.m. ET

• Chairman and Chief Executive Officer — Bill Angrick

• Executive Vice President and Chief Financial Officer — Jorge A. Celaya

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Michael Patrick: Good morning. On the telephone contiguous are Bill Angrick, our Chairman and Chief Executive Officer, and Jorge A. Celaya, our Executive Vice President and Chief Financial Officer. They volition beryllium disposable for questions aft their prepared remarks. The pursuing treatment and responses to your questions bespeak management's views arsenic of today, February 5, 2026, and volition see forward-looking statements. Actual results whitethorn disagree materially. Additional accusation astir factors that could perchance interaction our fiscal results is included successful today's property merchandise and successful filings with the SEC, including our astir caller yearly study connected Form 10-K.

As you perceive to today's call, delight person our property merchandise successful beforehand of you, which includes our fiscal results arsenic good arsenic metrics and commentary connected the quarter. During this call, absorption volition sermon definite non-GAAP fiscal measures. In our property merchandise and filings with the SEC, each of which is posted connected our website, you volition find further disclosures regarding these non-GAAP measures, including the reconciliation of these measures with their astir comparable GAAP measures arsenic available. Management besides uses definite supplemental operating information arsenic a measurement of definite components of operating performance, which we besides judge is utile for absorption and investors.

This supplemental operating information includes gross merchandise measurement and should not beryllium considered a substitute for oregon superior to GAAP results. At this time, I volition crook the presumption implicit to our Chairman and CEO, Bill Angrick.

Bill Angrick: Good morning. We began fiscal twelvemonth 2026 with beardown momentum, delivering a archetypal 4th that reflects the powerfulness of our platform, the resilience of our multichannel marketplace model, and our continued committedness to profitable technology-enabled growth. I americium pleased to study that Liquidity Services, Inc. erstwhile again demonstrated the quality to standard efficiently, deepen purchaser and seller engagement, and make semipermanent worth for our customers and shareholders. In the archetypal quarter, portion GAAP gross was level owed to the expanding stock of consignment sales, our consolidated gross merchandise measurement and nonstop nett accrued to $398 cardinal and $57 million, respectively.