LQDT▲
Liquidity Services Targets $2B GMV and $100M EBITDA
Liquidity Services is targeting $2 billion in gross merchandise value and $100 million in EBITDA, supported by expected mid-teens revenue growth and EBITDA margins of at least 20% of net revenue, according to Chairman and CEO Bill Angrick. Speaking at a company event, Angrick outlined expansion drivers including GovDeals, which has reached about 20% of the Canadian market, and Machinio, which serves roughly 4,000 recurring-revenue equipment dealers and plans to add payment and transaction-settlement capabilities. The company is also broadening its marketplace beyond surplus goods through high-value real estate sales, such as the planned sale of the Miami-Dade County courthouse with a reserve price of $30 million, and the Retail Rush resale platform. Liquidity Services remains debt-free with more than $200 million in cash and is prioritizing acquisitions and share repurchases over dividends.