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Side-by-side financial comparison of LIQUIDITY SERVICES INC (LQDT) and RIGEL PHARMACEUTICALS INC (RIGL). Click either name above to swap in a different company.

LIQUIDITY SERVICES INC is the larger business by last-quarter revenue ($121.2M vs $69.8M, roughly 1.7× RIGEL PHARMACEUTICALS INC). RIGEL PHARMACEUTICALS INC runs the higher net margin — 384.0% vs 6.2%, a 377.9% gap on every dollar of revenue. On growth, RIGEL PHARMACEUTICALS INC posted the faster year-over-year revenue change (21.2% vs -0.9%). Over the past eight quarters, RIGEL PHARMACEUTICALS INC's revenue compounded faster (53.7% 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.

Rigel Pharmaceuticals Inc is a clinical-stage biotechnology company focused on developing and commercializing targeted small molecule therapies for autoimmune, inflammatory, and hematologic diseases. Its approved flagship product treats adult immune thrombocytopenia, with primary operations and core markets in the United States, addressing unmet medical needs for underserved patient groups.

LQDT vs RIGL — Head-to-Head

Bigger by revenue
LQDT
LQDT
1.7× larger
LQDT
$121.2M
$69.8M
RIGL
Growing faster (revenue YoY)
RIGL
RIGL
+22.1% gap
RIGL
21.2%
-0.9%
LQDT
Higher net margin
RIGL
RIGL
377.9% more per $
RIGL
384.0%
6.2%
LQDT
Faster 2-yr revenue CAGR
RIGL
RIGL
Annualised
RIGL
53.7%
15.1%
LQDT

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
LQDT
LQDT
RIGL
RIGL
Revenue
$121.2M
$69.8M
Net Profit
$7.5M
$268.1M
Gross Margin
47.0%
91.5%
Operating Margin
7.7%
33.2%
Net Margin
6.2%
384.0%
Revenue YoY
-0.9%
21.2%
Net Profit YoY
28.9%
1769.2%
EPS (diluted)
$0.23
$14.11

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.

Revenue
LQDT
LQDT
RIGL
RIGL
Q4 25
$121.2M
$69.8M
Q3 25
$118.1M
$69.5M
Q2 25
$119.9M
$101.7M
Q1 25
$116.4M
$53.3M
Q4 24
$122.3M
$57.6M
Q3 24
$106.9M
$55.3M
Q2 24
$93.6M
$36.8M
Q1 24
$91.5M
$29.5M
Net Profit
LQDT
LQDT
RIGL
RIGL
Q4 25
$7.5M
$268.1M
Q3 25
$7.8M
$27.9M
Q2 25
$7.4M
$59.6M
Q1 25
$7.1M
$11.4M
Q4 24
$5.8M
$14.3M
Q3 24
$6.4M
$12.4M
Q2 24
$6.0M
$-1.0M
Q1 24
$5.7M
$-8.2M
Gross Margin
LQDT
LQDT
RIGL
RIGL
Q4 25
47.0%
91.5%
Q3 25
47.8%
93.2%
Q2 25
45.7%
95.6%
Q1 25
40.8%
91.7%
Q4 24
41.0%
89.9%
Q3 24
45.6%
85.5%
Q2 24
52.8%
92.4%
Q1 24
51.6%
93.1%
Operating Margin
LQDT
LQDT
RIGL
RIGL
Q4 25
7.7%
33.2%
Q3 25
9.3%
40.9%
Q2 25
8.5%
60.1%
Q1 25
5.8%
23.9%
Q4 24
5.8%
28.9%
Q3 24
6.8%
25.4%
Q2 24
8.4%
1.2%
Q1 24
7.2%
-23.6%
Net Margin
LQDT
LQDT
RIGL
RIGL
Q4 25
6.2%
384.0%
Q3 25
6.6%
40.2%
Q2 25
6.2%
58.6%
Q1 25
6.1%
21.5%
Q4 24
4.7%
24.9%
Q3 24
6.0%
22.5%
Q2 24
6.4%
-2.8%
Q1 24
6.2%
-27.9%
EPS (diluted)
LQDT
LQDT
RIGL
RIGL
Q4 25
$0.23
$14.11
Q3 25
$0.24
$1.46
Q2 25
$0.23
$3.28
Q1 25
$0.22
$0.63
Q4 24
$0.18
$0.82
Q3 24
$0.20
$0.70
Q2 24
$0.19
$-0.06
Q1 24
$0.18
$-0.47

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
LQDT
LQDT
RIGL
RIGL
Cash + ST InvestmentsLiquidity on hand
$11.6M
$155.0M
Total DebtLower is stronger
$52.5M
Stockholders' EquityBook value
$215.3M
$391.5M
Total Assets
$369.1M
$513.6M
Debt / EquityLower = less leverage
0.13×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
LQDT
LQDT
RIGL
RIGL
Q4 25
$11.6M
$155.0M
Q3 25
$11.2M
$137.1M
Q2 25
$11.4M
$108.4M
Q1 25
$10.5M
$77.1M
Q4 24
$10.4M
$77.3M
Q3 24
$2.3M
$61.1M
Q2 24
$6.5M
$49.1M
Q1 24
$8.4M
$49.5M
Total Debt
LQDT
LQDT
RIGL
RIGL
Q4 25
$52.5M
Q3 25
$60.0M
Q2 25
$60.0M
Q1 25
$60.0M
Q4 24
$60.0M
Q3 24
$60.0M
Q2 24
$60.0M
Q1 24
$60.0M
Stockholders' Equity
LQDT
LQDT
RIGL
RIGL
Q4 25
$215.3M
$391.5M
Q3 25
$203.2M
$117.6M
Q2 25
$208.7M
$81.9M
Q1 25
$196.3M
$18.6M
Q4 24
$189.2M
$3.3M
Q3 24
$182.6M
$-14.6M
Q2 24
$172.0M
$-29.9M
Q1 24
$163.9M
$-31.7M
Total Assets
LQDT
LQDT
RIGL
RIGL
Q4 25
$369.1M
$513.6M
Q3 25
$375.1M
$242.5M
Q2 25
$372.4M
$206.7M
Q1 25
$358.8M
$176.0M
Q4 24
$333.2M
$164.0M
Q3 24
$346.9M
$139.4M
Q2 24
$325.5M
$128.4M
Q1 24
$303.7M
$126.5M
Debt / Equity
LQDT
LQDT
RIGL
RIGL
Q4 25
0.13×
Q3 25
0.51×
Q2 25
0.73×
Q1 25
3.23×
Q4 24
18.25×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
LQDT
LQDT
RIGL
RIGL
Operating Cash FlowLast quarter
$-526.0K
$22.0M
Free Cash FlowOCF − Capex
$-2.8M
FCF MarginFCF / Revenue
-2.3%
Capex IntensityCapex / Revenue
1.9%
Cash ConversionOCF / Net Profit
-0.07×
0.08×
TTM Free Cash FlowTrailing 4 quarters
$70.1M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
LQDT
LQDT
RIGL
RIGL
Q4 25
$-526.0K
$22.0M
Q3 25
$38.0M
$24.0M
Q2 25
$19.3M
$30.5M
Q1 25
$21.6M
$-893.0K
Q4 24
$-12.1M
$14.5M
Q3 24
$22.0M
$21.7M
Q2 24
$22.2M
$302.0K
Q1 24
$34.8M
$-5.0M
Free Cash Flow
LQDT
LQDT
RIGL
RIGL
Q4 25
$-2.8M
Q3 25
$36.0M
Q2 25
$17.2M
Q1 25
$19.8M
Q4 24
$-14.0M
Q3 24
$19.2M
Q2 24
$20.3M
Q1 24
$32.5M
FCF Margin
LQDT
LQDT
RIGL
RIGL
Q4 25
-2.3%
Q3 25
30.5%
Q2 25
14.3%
Q1 25
17.0%
Q4 24
-11.4%
Q3 24
17.9%
Q2 24
21.7%
Q1 24
35.5%
Capex Intensity
LQDT
LQDT
RIGL
RIGL
Q4 25
1.9%
Q3 25
1.7%
Q2 25
1.8%
Q1 25
1.6%
Q4 24
1.5%
Q3 24
2.7%
Q2 24
2.1%
Q1 24
2.6%
Cash Conversion
LQDT
LQDT
RIGL
RIGL
Q4 25
-0.07×
0.08×
Q3 25
4.86×
0.86×
Q2 25
2.60×
0.51×
Q1 25
3.07×
-0.08×
Q4 24
-2.09×
1.01×
Q3 24
3.45×
1.75×
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
LQDT

RSCG$82.0M68%
Gov Deals$22.3M18%
CAG$11.5M9%
Machinio And Software Solutions Corporation$5.5M5%

RIGL
RIGL

Segment breakdown not available.

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