1.5 minutes

The company's revenue also saw a substantial rise, reaching $122.3 million. That's up 72% from the prior year.

Liquidity Services reported significant growth in its fiscal Q1 2025, with record gross merchandise volume (GMV) and revenue increases across all business segments.

For the quarter ending Dec. 31, 2024, Liquidity Services recorded a GMV of $386.1 million, marking a 26% increase from the previous year’s Q1. Revenue also saw a substantial rise, reaching $122.3 million, up 72% from the prior year. Liquidity Services is a business-to-business marketplace for surplus assets.

Liquidity Services GMV rises in Q1

CEO Bill Angrick attributed the robust performance to the growing adoption of the company’s services and expanded client relationships.

“Our relentless focus on enhancing our marketplace experience and leveraging advanced technologies continues to attract more buyers and sellers,” Angrick said.

Segment highlights included a 65% GMV increase in the Retail Supply Chain Group (RSCG), driven by expanded partnerships with retail clients. The Capital Assets Group (CAG) saw a 31% rise, particularly in heavy equipment sales. The GovDeals segment, which manages surplus government assets, posted an 11% increase due to new sellers and expanded services.

Liquidity Services also announced the acquisition of Auction Software, a company specializing in marketplace and software-as-a-service (SaaS) solutions. This move aims to enhance the company’s service offerings and expand its market reach.

Profitability improved alongside growth, with net income reaching $5.8 million, a 205% increase from the previous year. The number of registered buyers grew to 5.7 million, a 9% increase, while auction participation rose 13% to 960,000 bidders.

With a strong financial foundation and continued expansion in the $100 billion circular economy, Liquidity Services positions itself for sustained long-term growth.

“We remain committed to driving value for our clients and capitalizing on new market opportunities,” Angrick said.

Sign up

Sign up for a complimentary subscription to Digital Commerce 360 B2B News. It covers technology and business trends in the growing B2B ecommerce industry. Contact Mark Brohan, senior vice president of B2B and Market Research, at mark@digitalcommerce360.com. Follow him on Twitter @markbrohan. Follow us on LinkedIn, X (formerly Twitter), Facebook and YouTube.