Liquidity Services

What Liquidity Services does

Liquidity Services, Inc. (NASDAQ: LQDT), founded in 1999 and headquartered in Bethesda, Maryland, operates a network of nine specialized B2B and B2C online auction marketplaces that connect sellers of surplus assets with a global buyer base. Core platforms include GovDeals (government and educational surplus), AllSurplus (commercial and industrial surplus), Bid4Assets (government real estate auctions), Liquidation.com (retail returns and overstock), Sierra Auction (specialty and unclaimed property), Retail Rush (consumer BOPIS bin-store), Secondipity, Auction.IO, and Machinio (equipment search and valuation), supported by software tools AssetZone and the ScanN$ell mobile app. The company serves 15,000+ corporate and government sellers and 6+ million registered buyers across 190+ countries, having facilitated more than $15 billion in completed transactions across 600+ asset categories.

The business model is primarily a commission-based marketplace: approximately 81% of GMV comes from consignment arrangements in which the company earns commissions of 4% to 30% on completed sales, with the balance from purchase revenue (resale of acquired inventory, including Amazon returns and overstock), Machinio subscriptions, and SaaS-style software solutions. In Q2 FY2026, the platform processed $389.9M in GMV (+6% YoY) and generated $120.7M in revenue (+4% YoY), with GAAP net income of $7.5M and Adjusted EBITDA of $16.7M (+37% YoY). The company holds $204M in cash with zero financial debt and is led by co-founder, Chairman and CEO Bill Angrick alongside CFO Jorge Celaya, CTO Steven Weiskircher, and a broader executive team. AI and automation are cited as contributors to platform efficiency, though the current capability set is described in general terms rather than through named proprietary models.

Name

Liquidity Services

Legal name

Liquidity Services, Inc.

Website

https://liquidityservices.com

Company type

Public

Founded year

1999

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Liquidity Services (NASDAQ: LQDT) operates nine specialized online auction marketplaces connecting 15,000+ surplus-asset sellers with 6+ million global buyers across government, commercial, retail, and consumer channels, earning commissions of 4-30% on transactions.

Ownership category

akta.pro rank

Headquarters

HQ city

Washington

HQ country

United States

HQ region

North America

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Digital Commerce or Content

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Supply Chain

Revenue model

1. Consignment Revenue: The company earns commissions on sales of consigned assets, with commissions typically ranging from 4% to 30%. Consignment sales represented 81% of consolidated GMV for Q2 FY2026. This is the primary revenue driver.
2. Purchase Revenue: The company purchases inventory directly and resells through its marketplaces, earning the margin between purchase price and sale price. This includes acquisition of Amazon returns, overstock, and other surplus inventory.
3. Machinio Subscriptions: Machinio provides subscription-based services to equipment buyers and sellers, offering equipment listings, valuations, and market intelligence.
4. Software Solutions: Software-as-a-service offerings providing asset management, disposition, and valuation tools to sellers and buyers.

Pricing tiers

Go-to-market motion3 records

Distribution channels8 records

Marketing channels7 records

Core offering

Liquidity Services operates a global network of specialized online auction marketplaces that enable sellers — including government agencies, retailers, and industrial firms — to dispose of surplus, salvage, and capital assets to a global buyer base. The company monetizes through consignment commissions (typically 4%–30% of gross merchandise value), direct purchase and resale of inventory, and subscription fees on its Machinio search and AssetZone inventory management services.

Product overview

Liquidity Services operates a multi-marketplace platform architecture consisting of specialized B2B and B2C auction marketplaces. The core portfolio includes AllSurplus (commercial surplus assets), GovDeals (government surplus), Bid4Assets (government real estate auctions), Liquidation.com (retail liquidation), Retail Rush (consumer BOPIS marketplace), Sierra Auction (specialty auctions), Secondipity (consumer returns), and Auction.IO (general auctions). Supporting services include Machinio (equipment search), AssetZone (asset management), and ScanN$ell (mobile listing app). The company serves 15,000+ global sellers and 6+ million buyers across 600+ asset categories, facilitating over $15 billion in completed transactions.

Differentiator

Problem solved

Functional benefit

Brands

• GovDeals: World's leading marketplace for surplus government and educational assets
• AllSurplus
• Liquidation.com
• Bid4Assets
• Retail Rush
• Machinio
• AssetZone
• ScanN$ell

Products and services

• GovDeals Online auction marketplace specializing in the disposition of surplus, seized, and retired assets for government agencies, municipalities, and public-sector organizations.
• AllSurplus Online auction marketplace for industrial, commercial, and capital-asset surplus from businesses and government sellers.
• Bid4Assets Online auction marketplace for federal and government seized, forfeited, and foreclosed assets, including real estate.
• Liquidation.com Online marketplace where retailers and wholesalers liquidate customer returns, overstock, and salvage inventory to a global buyer base of resellers and small businesses.
• Retail Rush Consumer-facing retail brand operating BOPIS (buy online, pick up in-store) bin stores and e-commerce for liquidated and overstock consumer goods.
• Sierra Auction Auction services for heavy equipment, transportation, and energy assets, serving industrial and energy-sector sellers.
• Secondipity Consumer-facing online marketplace offering discounted, overstock, and surplus merchandise through a deal and auction format.
• Auction.IO Custom auction platform offering white-label and managed auction services for enterprise sellers and partners.
• AllSurplus Deals Fixed-price deal marketplace where surplus assets and inventory are offered at set prices rather than via auction.
• Machinio Subscription-based B2B search engine and listing platform that connects used equipment dealers and buyers globally.
• AssetZone SaaS-based inventory and asset management platform that helps enterprise sellers track, value, and manage surplus assets prior to and during disposition.
• ScanN$ell Direct-purchase service where Liquidity Services buys customer returns and overstock inventory from retailers for resale through its marketplaces.

Quantifiable outcome

• GovDeals achieved 5% GMV growth in Q2 FY2026 with continued demand for services
• +4 more outcomes

Named customers15 records

Segments5 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability2 records

Feature3 records

Partnerships

Three partnerships are on record, tiered minor and core.

• Dean Machinery InternationalminorStrategic or Co-development Partner · 4 June 2026Partnership for molded-pulp packaging equipment auction in June 2026. Dean Machinery provides asset appraisal, valuation, advisory and disposition services to printing, converting, packaging, and pulp molding industries with 40 years of experience.
• Sierra AuctioncoreChannel Partner/ Reseller/ Distributor · 28 October 2025Sierra Auction and GovDeals expanded to Southern California with new Montclair, CA location, offering government, commercial, and public entities ability to sell surplus assets at no cost with online access.
• Bid4AssetscoreStrategic or Co-development Partner · 2 November 2021Acquired 100% of Bid4Assets stock in November 2021. Bid4Assets is a leading online marketplace focused on government real estate auctions including tax and sheriff's sales. The acquisition strengthens Liquidity Services' position and expands its market reach in municipal government real estate. Post-transaction, Bid4Assets management remained with the company.

Scale indicators12 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Catawiki: Catawiki operates an online curated auction marketplace primarily in Europe for collectibles, art, and specialty assets. Comparable online-auction business model, though geographically distinct from Liquidity Services' North American concentration.

Direct peers

• RB Global (Ritchie Bros. Auctioneers): RB Global operates the world's largest heavy equipment and industrial asset auction marketplaces (Ritchie Bros., IronPlanet, IAA). Directly comparable to Liquidity Services' AllSurplus and Capital Assets Group for heavy machinery and industrial equipment.
• PropertyRoom.com: PropertyRoom.com auctions seized, stolen, recovered, and surplus assets on behalf of law enforcement, government agencies, and retailers. Closely comparable to GovDeals and Bid4Assets for government and asset-disposition auctions.
• HiBid: HiBid provides an online auction aggregator platform used by thousands of auctioneers across equipment, real estate, and collectibles categories — comparable marketplace technology and buyer/seller overlap with Liquidity Services' AllSurplus and Auction.IO.
• Copart: Copart operates an online vehicle and salvage auction marketplace connecting sellers (insurers, dealers, fleet operators) with buyers globally. Highly comparable online-auction model and asset-class overlap (vehicles, fleet, equipment) with Liquidity Services' GovDeals and AllSurplus.
• PublicSurplus: PublicSurplus is an online auction marketplace specifically for government and educational surplus assets — directly competing with Liquidity Services' GovDeals platform in the public-sector vertical.
• IAA (Insurance Auto Auctions): IAA runs online auctions for salvage, donated, and total-loss vehicles on behalf of insurers, charities, and fleet operators. Now part of RB Global, it shares the online marketplace/auction model and asset disposition workflow with Liquidity Services.
• B-Stock Solutions: B-Stock operates a B2B marketplace for retailers and manufacturers to sell returned, overstock, and liquidation inventory — directly comparable to Liquidity Services' Liquidation.com and retail returns business, serving overlapping enterprise retailers.
• Ten-X (formerly Auction.com): Ten-X operates an online commercial real estate auction marketplace, comparable to Liquidity Services' Bid4Assets platform for distressed and tax-default government real estate auctions.

Broad incumbents

• eBay: eBay operates one of the world's largest online marketplaces, including liquidation and business-to-business surplus categories. While much broader in scope, it overlaps with Liquidation.com and Secondipity for retail returns and consumer surplus goods.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/liquidityinc
• LinkedInlinkedin.com/company/liquidity-services
• Facebookfacebook.com/liquidityservices

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries8 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A6 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Liquidity Services