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Side-by-side financial comparison of LIQUIDITY SERVICES INC (LQDT) and PagerDuty, Inc. (PD). Click either name above to swap in a different company.
PagerDuty, Inc. is the larger business by last-quarter revenue ($124.5M vs $121.2M, roughly 1.0× LIQUIDITY SERVICES INC). PagerDuty, Inc. runs the higher net margin — 129.7% vs 6.2%, a 123.6% gap on every dollar of revenue. On growth, PagerDuty, Inc. posted the faster year-over-year revenue change (4.7% vs -0.9%). PagerDuty, Inc. produced more free cash flow last quarter ($24.1M vs $-2.8M). Over the past eight quarters, LIQUIDITY SERVICES INC's revenue compounded faster (15.1% CAGR vs 5.9%).
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.
PagerDuty, Inc. is an American cloud computing company specializing in a SaaS incident management platform for IT operations departments.
LQDT vs PD — Head-to-Head
Income Statement — Q1 FY2026 vs Q3 FY2026
| Metric | | |
|---|---|---|
| Revenue | $121.2M | $124.5M |
| Net Profit | $7.5M | $161.6M |
| Gross Margin | 47.0% | 85.3% |
| Operating Margin | 7.7% | 6.5% |
| Net Margin | 6.2% | 129.7% |
| Revenue YoY | -0.9% | 4.7% |
| Net Profit YoY | 28.9% | 2827.7% |
| EPS (diluted) | $0.23 | $1.69 |
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 | $124.5M | ||
| Q3 25 | $118.1M | $123.4M | ||
| Q2 25 | $119.9M | $119.8M | ||
| Q1 25 | $116.4M | $121.4M | ||
| Q4 24 | $122.3M | $118.9M | ||
| Q3 24 | $106.9M | $115.9M | ||
| Q2 24 | $93.6M | $111.2M | ||
| Q1 24 | $91.5M | $111.1M |
| Q4 25 | $7.5M | $161.6M | ||
| Q3 25 | $7.8M | $9.6M | ||
| Q2 25 | $7.4M | $-7.2M | ||
| Q1 25 | $7.1M | $-8.8M | ||
| Q4 24 | $5.8M | $-5.9M | ||
| Q3 24 | $6.4M | $-10.9M | ||
| Q2 24 | $6.0M | $-17.1M | ||
| Q1 24 | $5.7M | $-28.2M |
| Q4 25 | 47.0% | 85.3% | ||
| Q3 25 | 47.8% | 84.6% | ||
| Q2 25 | 45.7% | 84.0% | ||
| Q1 25 | 40.8% | 83.6% | ||
| Q4 24 | 41.0% | 83.0% | ||
| Q3 24 | 45.6% | 82.7% | ||
| Q2 24 | 52.8% | 82.6% | ||
| Q1 24 | 51.6% | 81.7% |
| Q4 25 | 7.7% | 6.5% | ||
| Q3 25 | 9.3% | 2.9% | ||
| Q2 25 | 8.5% | -8.6% | ||
| Q1 25 | 5.8% | -9.6% | ||
| Q4 24 | 5.8% | -8.7% | ||
| Q3 24 | 6.8% | -13.8% | ||
| Q2 24 | 8.4% | -19.5% | ||
| Q1 24 | 7.2% | -30.1% |
| Q4 25 | 6.2% | 129.7% | ||
| Q3 25 | 6.6% | 7.8% | ||
| Q2 25 | 6.2% | -6.0% | ||
| Q1 25 | 6.1% | -7.2% | ||
| Q4 24 | 4.7% | -5.0% | ||
| Q3 24 | 6.0% | -9.4% | ||
| Q2 24 | 6.4% | -15.4% | ||
| Q1 24 | 6.2% | -25.3% |
| Q4 25 | $0.23 | $1.69 | ||
| Q3 25 | $0.24 | $0.10 | ||
| Q2 25 | $0.23 | $-0.07 | ||
| Q1 25 | $0.22 | $-0.12 | ||
| Q4 24 | $0.18 | $-0.07 | ||
| Q3 24 | $0.20 | $-0.14 | ||
| Q2 24 | $0.19 | $-0.26 | ||
| Q1 24 | $0.18 | $-0.34 |
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 | $547.8M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $215.3M | $320.5M |
| Total Assets | $369.1M | $1.0B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.6M | $547.8M | ||
| Q3 25 | $11.2M | $567.9M | ||
| Q2 25 | $11.4M | $597.1M | ||
| Q1 25 | $10.5M | $570.8M | ||
| Q4 24 | $10.4M | $542.2M | ||
| Q3 24 | $2.3M | $599.3M | ||
| Q2 24 | $6.5M | $592.8M | ||
| Q1 24 | $8.4M | $571.2M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | $484.5M | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | $489.5M |
| Q4 25 | $215.3M | $320.5M | ||
| Q3 25 | $203.2M | $180.7M | ||
| Q2 25 | $208.7M | $145.7M | ||
| Q1 25 | $196.3M | $129.8M | ||
| Q4 24 | $189.2M | $111.6M | ||
| Q3 24 | $182.6M | $164.7M | ||
| Q2 24 | $172.0M | $174.0M | ||
| Q1 24 | $163.9M | $171.6M |
| Q4 25 | $369.1M | $1.0B | ||
| Q3 25 | $375.1M | $891.5M | ||
| Q2 25 | $372.4M | $926.8M | ||
| Q1 25 | $358.8M | $927.3M | ||
| Q4 24 | $333.2M | $866.8M | ||
| Q3 24 | $346.9M | $916.0M | ||
| Q2 24 | $325.5M | $924.0M | ||
| Q1 24 | $303.7M | $925.3M |
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | 3.73× | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | 2.85× |
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 | $24.8M |
| Free Cash FlowOCF − Capex | $-2.8M | $24.1M |
| FCF MarginFCF / Revenue | -2.3% | 19.3% |
| Capex IntensityCapex / Revenue | 1.9% | 0.6% |
| Cash ConversionOCF / Net Profit | -0.07× | 0.15× |
| TTM Free Cash FlowTrailing 4 quarters | $70.1M | $117.6M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-526.0K | $24.8M | ||
| Q3 25 | $38.0M | $34.0M | ||
| Q2 25 | $19.3M | $30.7M | ||
| Q1 25 | $21.6M | $31.4M | ||
| Q4 24 | $-12.1M | $22.1M | ||
| Q3 24 | $22.0M | $35.8M | ||
| Q2 24 | $22.2M | $28.6M | ||
| Q1 24 | $34.8M | $22.2M |
| Q4 25 | $-2.8M | $24.1M | ||
| Q3 25 | $36.0M | $33.1M | ||
| Q2 25 | $17.2M | $30.2M | ||
| Q1 25 | $19.8M | $30.3M | ||
| Q4 24 | $-14.0M | $21.5M | ||
| Q3 24 | $19.2M | $35.1M | ||
| Q2 24 | $20.3M | $28.2M | ||
| Q1 24 | $32.5M | $21.2M |
| Q4 25 | -2.3% | 19.3% | ||
| Q3 25 | 30.5% | 26.8% | ||
| Q2 25 | 14.3% | 25.2% | ||
| Q1 25 | 17.0% | 24.9% | ||
| Q4 24 | -11.4% | 18.1% | ||
| Q3 24 | 17.9% | 30.3% | ||
| Q2 24 | 21.7% | 25.4% | ||
| Q1 24 | 35.5% | 19.1% |
| Q4 25 | 1.9% | 0.6% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 1.8% | 0.4% | ||
| Q1 25 | 1.6% | 0.9% | ||
| Q4 24 | 1.5% | 0.5% | ||
| Q3 24 | 2.7% | 0.5% | ||
| Q2 24 | 2.1% | 0.4% | ||
| Q1 24 | 2.6% | 0.9% |
| Q4 25 | -0.07× | 0.15× | ||
| Q3 25 | 4.86× | 3.55× | ||
| Q2 25 | 2.60× | — | ||
| Q1 25 | 3.07× | — | ||
| Q4 24 | -2.09× | — | ||
| Q3 24 | 3.45× | — | ||
| 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% |
PD
| US | $88.8M | 71% |
| Non Us | $35.7M | 29% |
