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
Total revenue $233.8m $188.6m $149.7m $226.5m $205.9m $257.5m $280.1m $314.5m $363.3m $476.7m
Cost of goods sold (excludes depreciation and amortization) $143.1m $126.2m $100.1m $102.4m $96.0m $107.7m $119.4m $142.3m $178.2m $267.9m
Other operating expenses, net $3.7m $1.4m $5.0m $573k $6k $388k $186k $1.5m $1.1m
Income from operations ($34.1m) ($40.0m) ($21.4m) ($19.5m) ($3.9m) $27.2m $47.4m $26.1m $23.4m $35.1m
Technology and operations $93.4m $83.0m $60.8m $51.6m $42.2m $47.7m $55.5m $57.1m $61.4m $68.5m
Sales and marketing $37.6m $35.2m $33.7m $36.7m $35.6m $37.6m $43.2m $49.4m $54.8m $61.0m
General and administrative $39.7m $35.8m $30.2m $34.2m $29.2m $28.9m $28.3m $28.1m $32.0m $32.8m
Depreciation and amortization $6.5m $5.8m $4.6m $5.1m $6.3m $7.0m $10.3m $11.3m $12.1m $10.4m
Interest and other income, net ($1.2m) ($362k) ($450k) ($1.4m) ($924k) ($411k) ($248k) ($2.9m) ($3.9m) ($4.4m)
Provision for income taxes $27.0m ($451k) ($9.3m) $1.2m $801k ($23.4m) $7.3m $8.0m $7.3m $11.3m
Basic income per common share ($2) ($1) ($0) $2 $1 $1 $1 $1
Diluted income per common share ($2) ($1) ($0) ($1) ($0) $1 $1 $1 $1 $1
Income before provision for income taxes ($32.9m) ($18.1m) ($3.0m) $27.6m $47.7m $29.0m $27.3m $39.4m
Net income ($59.9m) ($11.6m) ($19.3m) ($3.8m) $50.9m $40.3m $21.0m $20.0m $28.1m
Basic weighted average shares outstanding 30.6m 33.1m 33.6m 33.3m 32.3m 31.1m 30.5m 30.9m
Diluted weighted average shares outstanding 30.6m 33.1m 33.6m 35.0m 33.7m 32.1m 31.6m 32.4m
Total costs and expenses $350.6m $310.0m $245.9m $246.0m $209.8m $230.4m $232.6m $288.4m $339.9m $441.6m