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Side-by-side financial comparison of LIQUIDITY SERVICES INC (LQDT) and PUMA BIOTECHNOLOGY, INC. (PBYI). Click either name above to swap in a different company.
LIQUIDITY SERVICES INC is the larger business by last-quarter revenue ($121.2M vs $75.5M, roughly 1.6× PUMA BIOTECHNOLOGY, INC.). On growth, PUMA BIOTECHNOLOGY, INC. posted the faster year-over-year revenue change (27.7% vs -0.9%). PUMA BIOTECHNOLOGY, INC. produced more free cash flow last quarter ($14.4M vs $-2.8M). Over the past eight quarters, PUMA BIOTECHNOLOGY, INC.'s revenue compounded faster (31.3% CAGR vs 15.1%).
Liquidity Services, Inc. is an American e-commerce company providing surplus asset management services through a network of online marketplaces. It serves businesses and government agencies by facilitating the resale of surplus, returned, and end-of-life goods. Founded in 1999 and headquartered in Bethesda, Maryland, United States.
Puma Biotechnology is a publicly traded biopharmaceutical company headquartered in Los Angeles, CA.
LQDT vs PBYI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.2M | $75.5M |
| Net Profit | $7.5M | — |
| Gross Margin | 47.0% | 69.3% |
| Operating Margin | 7.7% | 22.7% |
| Net Margin | 6.2% | — |
| Revenue YoY | -0.9% | 27.7% |
| Net Profit YoY | 28.9% | — |
| EPS (diluted) | $0.23 | $0.26 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $121.2M | $75.5M | ||
| Q3 25 | $118.1M | $54.5M | ||
| Q2 25 | $119.9M | $52.4M | ||
| Q1 25 | $116.4M | $46.0M | ||
| Q4 24 | $122.3M | $59.1M | ||
| Q3 24 | $106.9M | $80.5M | ||
| Q2 24 | $93.6M | $47.1M | ||
| Q1 24 | $91.5M | $43.8M |
| Q4 25 | $7.5M | — | ||
| Q3 25 | $7.8M | $8.8M | ||
| Q2 25 | $7.4M | $5.9M | ||
| Q1 25 | $7.1M | $3.0M | ||
| Q4 24 | $5.8M | — | ||
| Q3 24 | $6.4M | $20.3M | ||
| Q2 24 | $6.0M | $-4.5M | ||
| Q1 24 | $5.7M | $-4.8M |
| Q4 25 | 47.0% | 69.3% | ||
| Q3 25 | 47.8% | 77.7% | ||
| Q2 25 | 45.7% | 76.5% | ||
| Q1 25 | 40.8% | 77.1% | ||
| Q4 24 | 41.0% | 76.4% | ||
| Q3 24 | 45.6% | 63.9% | ||
| Q2 24 | 52.8% | 77.4% | ||
| Q1 24 | 51.6% | 75.5% |
| Q4 25 | 7.7% | 22.7% | ||
| Q3 25 | 9.3% | 17.6% | ||
| Q2 25 | 8.5% | 12.7% | ||
| Q1 25 | 5.8% | 8.7% | ||
| Q4 24 | 5.8% | 22.6% | ||
| Q3 24 | 6.8% | 27.4% | ||
| Q2 24 | 8.4% | -4.6% | ||
| Q1 24 | 7.2% | -5.3% |
| Q4 25 | 6.2% | — | ||
| Q3 25 | 6.6% | 16.2% | ||
| Q2 25 | 6.2% | 11.2% | ||
| Q1 25 | 6.1% | 6.5% | ||
| Q4 24 | 4.7% | — | ||
| Q3 24 | 6.0% | 25.2% | ||
| Q2 24 | 6.4% | -9.6% | ||
| Q1 24 | 6.2% | -11.0% |
| Q4 25 | $0.23 | $0.26 | ||
| Q3 25 | $0.24 | $0.17 | ||
| Q2 25 | $0.23 | $0.12 | ||
| Q1 25 | $0.22 | $0.06 | ||
| Q4 24 | $0.18 | $0.40 | ||
| Q3 24 | $0.20 | $0.41 | ||
| Q2 24 | $0.19 | $-0.09 | ||
| Q1 24 | $0.18 | $-0.10 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $11.6M | $97.5M |
| Total DebtLower is stronger | — | $22.7M |
| Stockholders' EquityBook value | $215.3M | $130.3M |
| Total Assets | $369.1M | $216.3M |
| Debt / EquityLower = less leverage | — | 0.17× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.6M | $97.5M | ||
| Q3 25 | $11.2M | $94.4M | ||
| Q2 25 | $11.4M | $96.0M | ||
| Q1 25 | $10.5M | $93.2M | ||
| Q4 24 | $10.4M | $101.0M | ||
| Q3 24 | $2.3M | $96.7M | ||
| Q2 24 | $6.5M | $96.8M | ||
| Q1 24 | $8.4M | $107.2M |
| Q4 25 | — | $22.7M | ||
| Q3 25 | — | $34.0M | ||
| Q2 25 | — | $45.3M | ||
| Q1 25 | — | $56.7M | ||
| Q4 24 | — | $68.0M | ||
| Q3 24 | — | $79.3M | ||
| Q2 24 | — | $90.7M | ||
| Q1 24 | — | $102.0M |
| Q4 25 | $215.3M | $130.3M | ||
| Q3 25 | $203.2M | $115.3M | ||
| Q2 25 | $208.7M | $104.7M | ||
| Q1 25 | $196.3M | $97.1M | ||
| Q4 24 | $189.2M | $92.1M | ||
| Q3 24 | $182.6M | $71.1M | ||
| Q2 24 | $172.0M | $48.5M | ||
| Q1 24 | $163.9M | $51.0M |
| Q4 25 | $369.1M | $216.3M | ||
| Q3 25 | $375.1M | $202.9M | ||
| Q2 25 | $372.4M | $194.9M | ||
| Q1 25 | $358.8M | $196.2M | ||
| Q4 24 | $333.2M | $213.3M | ||
| Q3 24 | $346.9M | $220.7M | ||
| Q2 24 | $325.5M | $205.0M | ||
| Q1 24 | $303.7M | $214.1M |
| Q4 25 | — | 0.17× | ||
| Q3 25 | — | 0.30× | ||
| Q2 25 | — | 0.43× | ||
| Q1 25 | — | 0.58× | ||
| Q4 24 | — | 0.74× | ||
| Q3 24 | — | 1.12× | ||
| Q2 24 | — | 1.87× | ||
| Q1 24 | — | 2.00× |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-526.0K | $14.4M |
| Free Cash FlowOCF − Capex | $-2.8M | $14.4M |
| FCF MarginFCF / Revenue | -2.3% | 19.1% |
| Capex IntensityCapex / Revenue | 1.9% | 0.0% |
| Cash ConversionOCF / Net Profit | -0.07× | — |
| TTM Free Cash FlowTrailing 4 quarters | $70.1M | $41.7M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-526.0K | $14.4M | ||
| Q3 25 | $38.0M | $9.7M | ||
| Q2 25 | $19.3M | $14.1M | ||
| Q1 25 | $21.6M | $3.6M | ||
| Q4 24 | $-12.1M | $15.6M | ||
| Q3 24 | $22.0M | $11.0M | ||
| Q2 24 | $22.2M | $1.0M | ||
| Q1 24 | $34.8M | $11.2M |
| Q4 25 | $-2.8M | $14.4M | ||
| Q3 25 | $36.0M | $9.7M | ||
| Q2 25 | $17.2M | $14.1M | ||
| Q1 25 | $19.8M | $3.6M | ||
| Q4 24 | $-14.0M | $15.6M | ||
| Q3 24 | $19.2M | $11.0M | ||
| Q2 24 | $20.3M | $1.0M | ||
| Q1 24 | $32.5M | — |
| Q4 25 | -2.3% | 19.1% | ||
| Q3 25 | 30.5% | 17.7% | ||
| Q2 25 | 14.3% | 26.8% | ||
| Q1 25 | 17.0% | 7.7% | ||
| Q4 24 | -11.4% | 26.4% | ||
| Q3 24 | 17.9% | 13.7% | ||
| Q2 24 | 21.7% | 2.1% | ||
| Q1 24 | 35.5% | — |
| Q4 25 | 1.9% | 0.0% | ||
| Q3 25 | 1.7% | 0.0% | ||
| Q2 25 | 1.8% | 0.0% | ||
| Q1 25 | 1.6% | 0.1% | ||
| Q4 24 | 1.5% | 0.0% | ||
| Q3 24 | 2.7% | 0.0% | ||
| Q2 24 | 2.1% | 0.0% | ||
| Q1 24 | 2.6% | 0.0% |
| Q4 25 | -0.07× | — | ||
| Q3 25 | 4.86× | 1.10× | ||
| Q2 25 | 2.60× | 2.41× | ||
| Q1 25 | 3.07× | 1.21× | ||
| Q4 24 | -2.09× | — | ||
| Q3 24 | 3.45× | 0.54× | ||
| Q2 24 | 3.71× | — | ||
| Q1 24 | 6.10× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LQDT
| RSCG | $82.0M | 68% |
| Gov Deals | $22.3M | 18% |
| CAG | $11.5M | 9% |
| Machinio And Software Solutions Corporation | $5.5M | 5% |
PBYI
Segment breakdown not available.
