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Side-by-side financial comparison of LIQUIDITY SERVICES INC (LQDT) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
BRC Group Holdings, Inc. is the larger business by last-quarter revenue ($188.3M vs $121.2M, roughly 1.6× LIQUIDITY SERVICES INC). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 6.2%, a 41.8% gap on every dollar of revenue. On growth, LIQUIDITY SERVICES INC posted the faster year-over-year revenue change (-0.9% vs -21.9%). Over the past eight quarters, LIQUIDITY SERVICES INC's revenue compounded faster (15.1% CAGR vs -15.4%).
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.
LQDT vs RILY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.2M | $188.3M |
| Net Profit | $7.5M | $90.3M |
| Gross Margin | 47.0% | 79.5% |
| Operating Margin | 7.7% | 32.3% |
| Net Margin | 6.2% | 47.9% |
| Revenue YoY | -0.9% | -21.9% |
| Net Profit YoY | 28.9% | 1710.8% |
| EPS (diluted) | $0.23 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $118.1M | $215.3M | ||
| Q2 25 | $119.9M | $188.2M | ||
| Q1 25 | $116.4M | $197.2M | ||
| Q4 24 | $122.3M | $241.0M | ||
| Q3 24 | $106.9M | $225.5M | ||
| Q2 24 | $93.6M | $256.0M | ||
| Q1 24 | $91.5M | $263.4M |
| Q4 25 | $7.5M | $90.3M | ||
| Q3 25 | $7.8M | $91.1M | ||
| Q2 25 | $7.4M | $139.5M | ||
| Q1 25 | $7.1M | $-10.0M | ||
| Q4 24 | $5.8M | $-5.6M | ||
| Q3 24 | $6.4M | $-284.4M | ||
| Q2 24 | $6.0M | $-433.6M | ||
| Q1 24 | $5.7M | $-49.2M |
| Q4 25 | 47.0% | 79.5% | ||
| Q3 25 | 47.8% | 83.7% | ||
| Q2 25 | 45.7% | 81.3% | ||
| Q1 25 | 40.8% | 81.4% | ||
| Q4 24 | 41.0% | 79.8% | ||
| Q3 24 | 45.6% | 82.1% | ||
| Q2 24 | 52.8% | 84.5% | ||
| Q1 24 | 51.6% | 85.3% |
| Q4 25 | 7.7% | 32.3% | ||
| Q3 25 | 9.3% | 30.4% | ||
| Q2 25 | 8.5% | 5.7% | ||
| Q1 25 | 5.8% | -31.2% | ||
| Q4 24 | 5.8% | -69.2% | ||
| Q3 24 | 6.8% | -36.4% | ||
| Q2 24 | 8.4% | -90.8% | ||
| Q1 24 | 7.2% | -6.1% |
| Q4 25 | 6.2% | 47.9% | ||
| Q3 25 | 6.6% | 42.3% | ||
| Q2 25 | 6.2% | 74.1% | ||
| Q1 25 | 6.1% | -5.1% | ||
| Q4 24 | 4.7% | -2.3% | ||
| Q3 24 | 6.0% | -126.1% | ||
| Q2 24 | 6.4% | -169.4% | ||
| Q1 24 | 6.2% | -18.7% |
| Q4 25 | $0.23 | $2.78 | ||
| Q3 25 | $0.24 | $2.91 | ||
| Q2 25 | $0.23 | $4.50 | ||
| Q1 25 | $0.22 | $-0.39 | ||
| Q4 24 | $0.18 | $-0.01 | ||
| Q3 24 | $0.20 | $-9.39 | ||
| Q2 24 | $0.19 | $-14.35 | ||
| Q1 24 | $0.18 | $-1.71 |
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 | $226.6M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $215.3M | $-171.5M |
| Total Assets | $369.1M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.6M | $226.6M | ||
| Q3 25 | $11.2M | $184.2M | ||
| Q2 25 | $11.4M | $267.4M | ||
| Q1 25 | $10.5M | $138.3M | ||
| Q4 24 | $10.4M | $146.9M | ||
| Q3 24 | $2.3M | $159.2M | ||
| Q2 24 | $6.5M | $236.9M | ||
| Q1 24 | $8.4M | $190.7M |
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
| Q4 25 | $215.3M | $-171.5M | ||
| Q3 25 | $203.2M | $-260.5M | ||
| Q2 25 | $208.7M | $-351.7M | ||
| Q1 25 | $196.3M | $-496.8M | ||
| Q4 24 | $189.2M | $-488.2M | ||
| Q3 24 | $182.6M | $-497.6M | ||
| Q2 24 | $172.0M | $-218.3M | ||
| Q1 24 | $163.9M | $228.4M |
| Q4 25 | $369.1M | $1.7B | ||
| Q3 25 | $375.1M | $1.7B | ||
| Q2 25 | $372.4M | $1.5B | ||
| Q1 25 | $358.8M | $1.5B | ||
| Q4 24 | $333.2M | $1.8B | ||
| Q3 24 | $346.9M | $2.2B | ||
| Q2 24 | $325.5M | $3.2B | ||
| Q1 24 | $303.7M | $5.0B |
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 | $26.2M |
| Free Cash FlowOCF − Capex | $-2.8M | — |
| FCF MarginFCF / Revenue | -2.3% | — |
| Capex IntensityCapex / Revenue | 1.9% | — |
| Cash ConversionOCF / Net Profit | -0.07× | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | $70.1M | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-526.0K | $26.2M | ||
| Q3 25 | $38.0M | $-60.6M | ||
| Q2 25 | $19.3M | $-25.6M | ||
| Q1 25 | $21.6M | $184.0K | ||
| Q4 24 | $-12.1M | $-2.7M | ||
| Q3 24 | $22.0M | $19.5M | ||
| Q2 24 | $22.2M | $111.5M | ||
| Q1 24 | $34.8M | $135.4M |
| 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 | — |
| 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% | — |
| 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% | — |
| Q4 25 | -0.07× | 0.29× | ||
| Q3 25 | 4.86× | -0.66× | ||
| Q2 25 | 2.60× | -0.18× | ||
| 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% |
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
