Filing Flows › Liquidity Services (LQDT) › Q3 FY26
Liquidity Services (LQDT) Q3 FY26 earnings results (third quarter fiscal 2026)
10-Q filed Aug 6, 2026
Liquidity Services (LQDT) reported revenue of $130M for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +7% from the quarter before. Operating margin was 10.9%, net earnings $10.4M (8.0% of revenue).
Liquidity Services, Q3 FY26: revenue $130M (+8% year over year), operating margin 10.9%, net earnings $10.4M, operating cash flow $31.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY26 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $130M | +7% | +8% |
| Gross profit | $63.8M | +14% | +17% |
| Operating profit | $14.1M | +47% | +38% |
| Net earnings | $10.4M | +39% | +41% |
| Operating cash flow | $31.2M | +6% | +62% |
| Free cash flow | $29.4M | +7% | +71% |
What changed
Revenue was $129.6M in Q3 FY26, up 8% year over year and up 7% from the previous quarter. Product was the largest line at 63% of revenue. Product added $5.3M year over year (up 7%), 55% of the total change.
Gross margin was 49.3%, up 3.6 points from Q3 FY25. Operating profit was $14.1M, a 10.9% margin (up 2.4 points year over year). Of the extra revenue versus Q3 FY25, 40% reached operating profit, above the 9% margin then. Operating expenses grew 12% against revenue growth of 8%. The fastest-growing cost line was General & admin (+23%). Net earnings were $10.4M, up 41% year over year. The effective tax rate was 32.7%.
Operating cash flow was $31.2M (up 62% year over year), 299% of net earnings. Non-cash charges added back $2.7M of depreciation and amortization and $5.3M of share-based compensation. Working capital and other items added $12.8M. Capital expenditures of $1.8M left free cash flow of $29.4M.
Questions
What was Liquidity Services' revenue in the third quarter fiscal 2026?
Liquidity Services (LQDT) reported revenue of $130M for the third quarter fiscal 2026 (Q3 FY26), +8% from a year earlier and +7% from the quarter before.
Was Liquidity Services profitable in the third quarter fiscal 2026?
Operating profit was $14.1M (10.9% of revenue) and net earnings $10.4M.
Source: Liquidity Services 10-Q on SEC EDGAR.