Liquidity Service (LQDT) witnessed a remarkable 16.17% surge in its stock price during the pre-market trading session on Thursday, following the company's impressive first-quarter fiscal 2025 financial results and the announcement of a strategic acquisition.
The leading global commerce company reported record gross merchandise volume (GMV) of $386.1 million for the quarter ended December 31, 2024, reflecting a staggering 26% year-over-year increase. The company's revenue also witnessed a significant 72% growth, reaching $122.3 million. Notably, Liquidity Service's profitability metrics showcased substantial improvements, with GAAP net income soaring 205% to $5.8 million and non-GAAP adjusted EBITDA increasing by 81% to $13.1 million.
The strong performance was fueled by the continued adoption of Liquidity Service's services by customers and momentum across its businesses. The Retail Supply Chain Group (RSCG) segment played a pivotal role, reporting a 65% year-over-year increase in GMV due to expanded relationships with retail clients and new program launches. Additionally, the company's GovDeals and Machinio segments contributed consistently to seller acquisition and service expansion.