← LIQUIDITY SERVICES INC
| Annual Trend | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income | ($59.9m) |
($39.2m)
+34.61%
|
($11.6m)
+70.36%
|
($19.3m)
-65.82%
|
($3.8m)
+80.40%
|
$50.9m
+1450.00%
|
$40.3m
-20.85%
|
$21.0m
-47.98%
|
$20.0m
-4.70%
|
$28.1m
+40.53%
|
$33.3m
+18.39%
|
|
| Depreciation and amortization | $6.5m | $5.8m | $4.6m | $5.1m | $6.3m | $7.0m | $10.3m | $11.3m | $12.1m | $10.4m | $10.6m | |
| Deferred tax expense | $26.2m | ($620k) | ($10.9m) | $136k | $106k | ($24.5m) | $6.3m | $6.6m | $5.3m | $2.4m | — | |
| Stock compensation expense | $12.2m | $7.4m | $6.6m | $6.5m | $5.7m | $6.9m | $8.5m | $8.2m | $11.1m | $14.5m | — | |
| Taxes paid associated with net settlement of stock compensation awards | $34.0m | $0 | $0 | ($44k) | ($594k) | ($3.9m) | ($2.8m) | ($1.3m) | ($2.3m) | ($5.7m) | — | |
| Impairment of long-lived and other non-current assets | $19.0m | $2.0m | $0 | $0 | $0 | $1.3m | $31k | $0 | $0 | $459k | — | |
| Accounts receivable | ($4.4m) | ($1.6m) | $6.6m | ($2.0m) | $1.2m | ($843k) | ($6.3m) | $2.7m | ($4.3m) | $233k | $9.7m | |
| Inventory adjustment to net realizable value | $2.7m | $10.4m | $2.5m | $331k | $300k | $174k | $194k | $1.0m | $163k | $539k | — | |
| Inventory | ($4.8m) | ($3.5m) | $8.1m | $3.9m | ($64k) | ($7.0m) | $441k | ($479k) | $4.9m | $5.2m | $234k | |
| Accounts payable | $232k | $3.2m | $670k | $1.2m | $6.9m | $18.6m | $1.5m | ($2.9m) | $8.4m | ($68k) | $15.6m | |
| Payables to sellers | ($901k) | ($4.5m) | $4.6m | ($8.7m) | $5.9m | $7.5m | $13.0m | ($581k) | $8.7m | $1.3m | — | |
| Accrued expenses and other current liabilities | $17.2m | ($14.9m) | ($9.6m) | $2.0m | ($8.2m) | $6.1m | ($2.7m) | $277k | $4.2m | $2.5m | — | |
| Deferred revenue | $0 | $0 | $743k | $906k | $207k | $1.4m | ($185k) | $262k | $87k | ($204k) | — | |
| Prepaid expenses and other assets | ($160k) | ($1.0m) | ($689k) | $1.6m | $1.4m | ($2.0m) | ($1.8m) | ($1.2m) | ($3.0m) | $1.5m | — | |
| Other liabilities | $5.3m | $2.9m | ($642k) | ($317k) | $1.2m | ($290k) | ($723k) | ($157k) | $0 | $54k | — | |
| Net cash provided by operating activities | $45.8m |
($31.7m)
-169.05%
|
$619k
+101.96%
|
($6.2m)
-1108.40%
|
$16.5m
+363.99%
|
$65.4m
+297.00%
|
$44.8m
-31.47%
|
$47.0m
+4.87%
|
$70.2m
+49.36%
|
$66.8m
-4.93%
|
$98.2m
+47.07%
|
|
| (Gain) loss on disposal of property and equipment | $0 | $0 | ($480k) | ($15k) | ($29k) | $80k | ($14k) | ($36k) | ($14k) | $36k | — | |
| Purchases of property and equipment, including capitalized software | ($6.1m) | ($7.8m) | ($4.2m) | ($5.9m) | ($4.2m) | ($5.4m) | ($8.1m) | ($5.4m) | ($8.9m) | ($7.8m) | ($8.2m) | |
| Purchase of short-term investments | $0 | $0 | ($20.0m) | ($70.0m) | ($25.0m) | $0 | ($1.8m) | ($8.0m) | ($2.3m) | ($19.0m) | — | |
| Maturities of short-term investments | — | $0 | $0 | $60.0m | $55.0m | $0 | $0 | $1.9m | $8.2m | $10.1m | — | |
| Other investing activities, net | — | — | — | — | $9k | $72k | $21k | $68k | $54k | $190k | — | |
| Net cash used in investing activities | ($6.2m) | ($7.9m) | ($37.1m) | ($15.7m) | $28.6m | ($1.0m) | ($21.1m) | ($11.4m) | ($16.1m) | ($23.0m) | ($8.7m) | |
| Payments of debt issuance costs | — | — | — | — | $0 | $0 | ($91k) | $0 | $0 | — | — | |
| Proceeds from exercise of common stock options, net of tax | $9k | $92k | $404k | $590k | $111k | $445k | $0 | $496k | $598k | $212k | — | |
| Common stock repurchases | — | — | $0 | $0 | ($4.0m) | ($31.1m) | ($25.4m) | ($21.2m) | ($9.4m) | ($16.2m) | — | |
| Non-cash: Common stock surrendered in the exercise of stock options | — | — | — | $0 | $0 | $1.5m | $479k | $200k | $397k | $47k | — | |
| Non-cash: Acquisition consideration paid in common stock | — | — | — | — | — | — | — | $0 | $0 | $945k | — | |
| Net cash used in financing activities | ($220k) |
($1.1m)
-402.73%
|
$404k
+136.53%
|
$546k
+35.15%
|
($5.7m)
-1143.96%
|
($34.7m)
-507.98%
|
($31.9m)
+7.83%
|
($22.1m)
+30.92%
|
($11.2m)
+49.37%
|
($21.8m)
-95.26%
|
($25.2m)
-15.61%
|
|
| Net increase (decrease) in cash and cash equivalents | $39.0m | ($40.2m) | ($35.9m) | ($22.0m) | $39.5m | $30.3m | ($10.2m) | $14.2m | $42.9m | $21.4m | — | |
| Cash and cash equivalents at beginning of year | — | $94.3m | $58.4m | $36.5m | $76.0m | $106.3m | $96.1m | $110.3m | $153.2m | $174.6m | $155.6m | |
| Effect of exchange rate differences on cash and cash equivalents | ($418k) | $518k | $131k | ($541k) | $114k | $541k | ($2.0m) | $640k | $8k | ($580k) | — | |
| Additional Supplementary Disclosures | ||||||||||||
| Additional Supplementary Disclosures | ||||||||||||
| Provision for doubtful accounts | $247k | $357k | $199k | $178k | $200k | $297k | $136k | $1.4m | $839k | $356k | — | |
| Gain on disposal of lease assets | — | — | — | $0 | $0 | ($23k) | ($240k) | $0 | $0 | — | — | |
| Prepaid taxes and tax refund receivable | $27.1m | $730k | $739k | ($811k) | $878k | ($61k) | $82k | ($152k) | $264k | ($239k) | — | |
| Operating lease assets and liabilities | — | — | $0 | $0 | ($187k) | ($79k) | $396k | ($228k) | $1.4m | ($345k) | — | |
| Cash paid for business acquisition, net of cash acquired | $0 | $0 | ($16.7m) | $0 | $0 | $0 | ($11.2m) | $0 | ($13.2m) | ($6.5m) | — | |
| Payments of the principal portion of finance lease liabilities | — | — | $0 | $0 | ($34k) | ($42k) | ($99k) | ($101k) | ($89k) | ($102k) | — | |
| Payment of earn-out liability related to business acquisition | — | — | $0 | $0 | ($1.2m) | $0 | ($3.5m) | $0 | $0 | — | — | |
| Cash paid for income taxes, net | $34.0m | $793k | ($916k) | ($1.0m) | ($1.5m) | $1.4m | $885k | $1.6m | $1.7m | $9.2m | — |