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Side-by-side financial comparison of LIQUIDITY SERVICES INC (LQDT) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Purple Innovation, Inc. is the larger business by last-quarter revenue ($140.7M vs $120.7M, roughly 1.2× LIQUIDITY SERVICES INC). LIQUIDITY SERVICES INC runs the higher net margin — 6.2% vs -2.3%, a 8.5% gap on every dollar of revenue. On growth, Purple Innovation, Inc. posted the faster year-over-year revenue change (9.1% vs 3.7%). Over the past eight quarters, LIQUIDITY SERVICES INC's revenue compounded faster (13.6% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
LQDT vs PRPL — Head-to-Head
Income Statement — Q2 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $120.7M | $140.7M |
| Net Profit | $7.5M | $-3.2M |
| Gross Margin | — | 41.9% |
| Operating Margin | 8.0% | -1.6% |
| Net Margin | 6.2% | -2.3% |
| Revenue YoY | 3.7% | 9.1% |
| Net Profit YoY | 6.7% | 62.1% |
| EPS (diluted) | $0.23 | $0.03 |
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.
| Q1 26 | $120.7M | — | ||
| Q4 25 | $121.2M | $140.7M | ||
| Q3 25 | $118.1M | $118.8M | ||
| Q2 25 | $119.9M | $105.1M | ||
| Q1 25 | $116.4M | $104.2M | ||
| Q4 24 | $122.3M | $129.0M | ||
| Q3 24 | $106.9M | $118.6M | ||
| Q2 24 | $93.6M | $120.3M |
| Q1 26 | $7.5M | — | ||
| Q4 25 | $7.5M | $-3.2M | ||
| Q3 25 | $7.8M | $-11.7M | ||
| Q2 25 | $7.4M | $-17.3M | ||
| Q1 25 | $7.1M | $-19.1M | ||
| Q4 24 | $5.8M | $-8.5M | ||
| Q3 24 | $6.4M | $-39.2M | ||
| Q2 24 | $6.0M | $27.0K |
| Q1 26 | — | — | ||
| Q4 25 | 47.0% | 41.9% | ||
| Q3 25 | 47.8% | 42.8% | ||
| Q2 25 | 45.7% | 35.9% | ||
| Q1 25 | 40.8% | 39.4% | ||
| Q4 24 | 41.0% | 42.9% | ||
| Q3 24 | 45.6% | 29.7% | ||
| Q2 24 | 52.8% | 40.7% |
| Q1 26 | 8.0% | — | ||
| Q4 25 | 7.7% | -1.6% | ||
| Q3 25 | 9.3% | -10.2% | ||
| Q2 25 | 8.5% | -13.5% | ||
| Q1 25 | 5.8% | -13.9% | ||
| Q4 24 | 5.8% | -6.0% | ||
| Q3 24 | 6.8% | -39.5% | ||
| Q2 24 | 8.4% | -12.1% |
| Q1 26 | 6.2% | — | ||
| Q4 25 | 6.2% | -2.3% | ||
| Q3 25 | 6.6% | -9.9% | ||
| Q2 25 | 6.2% | -16.5% | ||
| Q1 25 | 6.1% | -18.4% | ||
| Q4 24 | 4.7% | -6.6% | ||
| Q3 24 | 6.0% | -33.1% | ||
| Q2 24 | 6.4% | 0.0% |
| Q1 26 | $0.23 | — | ||
| Q4 25 | $0.23 | $0.03 | ||
| Q3 25 | $0.24 | $0.11 | ||
| Q2 25 | $0.23 | $0.16 | ||
| Q1 25 | $0.22 | $0.18 | ||
| Q4 24 | $0.18 | $0.08 | ||
| Q3 24 | $0.20 | $0.36 | ||
| Q2 24 | $0.19 | $0.00 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $204.0M | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | — | $-29.7M |
| Total Assets | $400.4M | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $204.0M | — | ||
| Q4 25 | $11.6M | $24.3M | ||
| Q3 25 | $11.2M | $32.4M | ||
| Q2 25 | $11.4M | $34.2M | ||
| Q1 25 | $10.5M | $21.6M | ||
| Q4 24 | $10.4M | $29.0M | ||
| Q3 24 | $2.3M | $23.4M | ||
| Q2 24 | $6.5M | $23.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | $215.3M | $-29.7M | ||
| Q3 25 | $203.2M | $-26.9M | ||
| Q2 25 | $208.7M | $-15.6M | ||
| Q1 25 | $196.3M | $1.3M | ||
| Q4 24 | $189.2M | $20.2M | ||
| Q3 24 | $182.6M | $28.0M | ||
| Q2 24 | $172.0M | $66.4M |
| Q1 26 | $400.4M | — | ||
| Q4 25 | $369.1M | $296.3M | ||
| Q3 25 | $375.1M | $302.1M | ||
| Q2 25 | $372.4M | $303.8M | ||
| Q1 25 | $358.8M | $293.8M | ||
| Q4 24 | $333.2M | $307.8M | ||
| Q3 24 | $346.9M | $309.3M | ||
| Q2 24 | $325.5M | $362.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — |
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 | $29.0M | $-5.8M |
| Free Cash FlowOCF − Capex | — | $-7.8M |
| FCF MarginFCF / Revenue | — | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 3.86× | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $29.0M | — | ||
| Q4 25 | $-526.0K | $-5.8M | ||
| Q3 25 | $38.0M | $-968.0K | ||
| Q2 25 | $19.3M | $-4.0M | ||
| Q1 25 | $21.6M | $-23.1M | ||
| Q4 24 | $-12.1M | $6.8M | ||
| Q3 24 | $22.0M | $1.1M | ||
| Q2 24 | $22.2M | $-8.9M |
| Q1 26 | — | — | ||
| Q4 25 | $-2.8M | $-7.8M | ||
| Q3 25 | $36.0M | $-1.8M | ||
| Q2 25 | $17.2M | $-7.0M | ||
| Q1 25 | $19.8M | $-25.3M | ||
| Q4 24 | $-14.0M | $5.7M | ||
| Q3 24 | $19.2M | $101.0K | ||
| Q2 24 | $20.3M | $-11.0M |
| Q1 26 | — | — | ||
| Q4 25 | -2.3% | -5.5% | ||
| Q3 25 | 30.5% | -1.5% | ||
| Q2 25 | 14.3% | -6.6% | ||
| Q1 25 | 17.0% | -24.3% | ||
| Q4 24 | -11.4% | 4.4% | ||
| Q3 24 | 17.9% | 0.1% | ||
| Q2 24 | 21.7% | -9.2% |
| Q1 26 | — | — | ||
| Q4 25 | 1.9% | 1.4% | ||
| Q3 25 | 1.7% | 0.7% | ||
| Q2 25 | 1.8% | 2.8% | ||
| Q1 25 | 1.6% | 2.2% | ||
| Q4 24 | 1.5% | 0.8% | ||
| Q3 24 | 2.7% | 0.9% | ||
| Q2 24 | 2.1% | 1.7% |
| Q1 26 | 3.86× | — | ||
| Q4 25 | -0.07× | — | ||
| Q3 25 | 4.86× | — | ||
| Q2 25 | 2.60× | — | ||
| Q1 25 | 3.07× | — | ||
| Q4 24 | -2.09× | — | ||
| Q3 24 | 3.45× | — | ||
| Q2 24 | 3.71× | -330.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
LQDT
| Purchase revenues | $77.9M | 64% |
| Consignment and other fee revenues | $42.9M | 36% |
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
