LIQUIDITY SERVICES INC
For the period ended Jun 30, 2026. Filed Aug 6, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2026 · Filed Aug 6, 2026
LQDT$46.00+2.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
(Dollars In Thousands)
| Nine Months Ended June 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income | $25,437 | $20,271 |
| Adjustments to reconcile net income to net cash provided by operating activities: | ||
| Depreciation and amortization | 7,906 | 7,741 |
| Stock compensation expense | 15,796 | 9,522 |
| Inventory adjustment to net realizable value | 123 | 32 |
| Provision for doubtful accounts | 267 | 199 |
| Deferred tax expense | 1,887 | 1,872 |
| Impairment of long-lived and other non-current assets | — | 459 |
| Gain on disposal of property and equipment | (2) | (19) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (1,330) | (8,599) |
| Inventory | (2,883) | 2,124 |
| Prepaid taxes and tax refund receivable | 545 | (1,881) |
| Prepaid expenses and other assets | 469 | 885 |
| Operating lease assets and liabilities | (371) | (283) |
| Accounts payable | 610 | (1,787) |
| Accrued expenses and other current liabilities | (930) | (2,733) |
| Deferred revenue | (244) | (62) |
| Payables to sellers | 12,912 | 1,027 |
| Other liabilities | (1) | — |
| Net cash provided by operating activities | 60,191 | 28,768 |
| Investing activities | ||
| Cash paid for business acquisitions, net of cash acquired | — | (6,500) |
| Purchases of property and equipment, including capitalized software | (6,178) | (5,784) |
| Purchase of short-term investments | (8,791) | (16,217) |
| Maturities of short-term investments | 8,309 | 7,417 |
| Other investing activities, net | 111 | 203 |
| Net cash used in investing activities | (6,549) | (20,881) |
| Financing activities | ||
| Common stock repurchases | (1,513) | (79) |
| Taxes paid associated with net settlement of stock compensation awards | (7,985) | (5,106) |
| Payments of the principal portion of finance lease liabilities | (82) | (75) |
| Proceeds from exercise of stock options, net of tax | 1,106 | 192 |
| Net cash used in financing activities | (8,474) | (5,068) |
| Effect of exchange rate differences on cash and cash equivalents | (24) | (440) |
| Net increase (decrease) in cash and cash equivalents | 45,144 | 2,379 |
| Cash and cash equivalents at beginning of period | 174,607 | 153,226 |
| Cash and cash equivalents at end of period | $219,751 | $155,605 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for income taxes, net | $8,890 | $6,960 |
| Non-cash: Common stock surrendered in the exercise of stock options | 121 | 47 |
| Non-cash: Acquisition consideration paid in common stock | — | 945 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.