Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $316M | $270M | $225M | $227M | $206M | $258M | $280M | $314M | $363M | $477M |
| Revenue growth | — | -14.7% | -16.9% | 0.9% | -9.1% | 25.1% | 8.7% | 12.3% | 15.5% | 31.2% |
| Gross profit | $162M | $124M | $110M | $113M | $110M | $150M | $161M | $172M | $185M | $209M |
| Gross margin | 51.2% | 46.1% | 48.9% | 50.0% | 53.4% | 58.2% | 57.4% | 54.7% | 51.0% | 43.8% |
| Operating income | -$34.1M | -$40.2M | -$21.7M | -$19.5M | -$3.90M | $27.2M | $47.4M | $26.1M | $23.4M | $35.1M |
| Operating margin | -10.8% | -14.9% | -9.7% | -8.6% | -1.9% | 10.5% | 16.9% | 8.3% | 6.4% | 7.4% |
| Net income | — | — | — | — | — | $50.9M | $40.3M | $21.0M | $20.0M | $28.1M |
| Net margin | — | — | — | — | — | 19.8% | 14.4% | 6.7% | 5.5% | 5.9% |
| EPS (diluted) | -$1.96 | -$1.25 | -$0.36 | -$0.58 | -$0.11 | $1.45 | $1.20 | $0.65 | $0.63 | $0.87 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $45.8M | -$31.7M | $619K | -$6.24M | $16.5M | $65.4M | $44.8M | $47.0M | $70.2M | $66.8M |
| Capital expenditures | $6.09M | $7.80M | $4.17M | $5.94M | $4.19M | $5.42M | $8.12M | $5.39M | $8.91M | $7.80M |
| Free cash flow | $39.7M | -$39.5M | -$3.56M | -$12.2M | $12.3M | $60.0M | $36.7M | $41.6M | $61.3M | $59.0M |
| Share buybacks | — | — | $0.00 | $0.00 | $3.98M | $31.1M | $25.4M | $21.2M | $9.43M | $16.2M |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $135M | $94.3M | $58.4M | $36.5M | $76.0M | $106M | $96.1M | $110M | $153M | $175M |
| Total assets | $260M | $215M | $202M | $187M | $197M | $256M | $288M | $289M | $347M | $375M |
| Total liabilities | $97.5M | $82.6M | $72.2M | $71.1M | $84.8M | $121M | $134M | $127M | $164M | $172M |
| Shareholders' equity | $163M | $133M | $130M | $116M | $112M | $135M | $155M | $162M | $183M | $203M |
| Retained earnings | -$49.0M | -$88.2M | -$100M | -$119M | -$122M | -$71.4M | -$30.9M | -$9.96M | $10.0M | $38.1M |
| Shares (wtd avg diluted) | 30.6M | 31.4M | 32.8M | 33.1M | 33.6M | 35.0M | 33.7M | 32.1M | 31.6M | 32.4M |
Every figure is extracted from LIQUIDITY SERVICES INC’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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