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Side-by-side financial comparison of LIQUIDITY SERVICES INC (LQDT) and RE/MAX Holdings, Inc. (RMAX). Click either name above to swap in a different company.
LIQUIDITY SERVICES INC is the larger business by last-quarter revenue ($121.2M vs $71.1M, roughly 1.7× RE/MAX Holdings, Inc.). LIQUIDITY SERVICES INC runs the higher net margin — 6.2% vs 2.0%, a 4.2% gap on every dollar of revenue. On growth, LIQUIDITY SERVICES INC posted the faster year-over-year revenue change (-0.9% vs -1.8%). RE/MAX Holdings, Inc. produced more free cash flow last quarter ($33.5M vs $-2.8M). Over the past eight quarters, LIQUIDITY SERVICES INC's revenue compounded faster (15.1% CAGR vs -4.7%).
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.
RE/MAX is an international real estate franchise operating in over 100 countries and territories that, in 2015, had over 100,000 agents in 6,800 offices.
LQDT vs RMAX — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $121.2M | $71.1M |
| Net Profit | $7.5M | $1.4M |
| Gross Margin | 47.0% | — |
| Operating Margin | 7.7% | 13.1% |
| Net Margin | 6.2% | 2.0% |
| Revenue YoY | -0.9% | -1.8% |
| Net Profit YoY | 28.9% | -75.2% |
| EPS (diluted) | $0.23 | — |
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 | $71.1M | ||
| Q3 25 | $118.1M | $73.2M | ||
| Q2 25 | $119.9M | $72.8M | ||
| Q1 25 | $116.4M | $74.5M | ||
| Q4 24 | $122.3M | $72.5M | ||
| Q3 24 | $106.9M | $78.5M | ||
| Q2 24 | $93.6M | $78.5M | ||
| Q1 24 | $91.5M | $78.3M |
| Q4 25 | $7.5M | $1.4M | ||
| Q3 25 | $7.8M | $4.0M | ||
| Q2 25 | $7.4M | $4.7M | ||
| Q1 25 | $7.1M | $-2.0M | ||
| Q4 24 | $5.8M | $5.8M | ||
| Q3 24 | $6.4M | $966.0K | ||
| Q2 24 | $6.0M | $3.7M | ||
| Q1 24 | $5.7M | $-3.4M |
| Q4 25 | 47.0% | — | ||
| Q3 25 | 47.8% | — | ||
| Q2 25 | 45.7% | — | ||
| Q1 25 | 40.8% | — | ||
| Q4 24 | 41.0% | — | ||
| Q3 24 | 45.6% | — | ||
| Q2 24 | 52.8% | — | ||
| Q1 24 | 51.6% | — |
| Q4 25 | 7.7% | 13.1% | ||
| Q3 25 | 9.3% | 25.0% | ||
| Q2 25 | 8.5% | 19.3% | ||
| Q1 25 | 5.8% | 7.2% | ||
| Q4 24 | 5.8% | 5.9% | ||
| Q3 24 | 6.8% | 19.4% | ||
| Q2 24 | 8.4% | 20.6% | ||
| Q1 24 | 7.2% | 5.8% |
| Q4 25 | 6.2% | 2.0% | ||
| Q3 25 | 6.6% | 5.4% | ||
| Q2 25 | 6.2% | 6.4% | ||
| Q1 25 | 6.1% | -2.6% | ||
| Q4 24 | 4.7% | 8.0% | ||
| Q3 24 | 6.0% | 1.2% | ||
| Q2 24 | 6.4% | 4.7% | ||
| Q1 24 | 6.2% | -4.3% |
| Q4 25 | $0.23 | — | ||
| Q3 25 | $0.24 | — | ||
| Q2 25 | $0.23 | — | ||
| Q1 25 | $0.22 | — | ||
| Q4 24 | $0.18 | — | ||
| Q3 24 | $0.20 | — | ||
| Q2 24 | $0.19 | — | ||
| Q1 24 | $0.18 | — |
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 | $118.7M |
| Total DebtLower is stronger | — | $432.2M |
| Stockholders' EquityBook value | $215.3M | $452.4M |
| Total Assets | $369.1M | $582.5M |
| Debt / EquityLower = less leverage | — | 0.96× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $11.6M | $118.7M | ||
| Q3 25 | $11.2M | $107.5M | ||
| Q2 25 | $11.4M | $94.3M | ||
| Q1 25 | $10.5M | $89.1M | ||
| Q4 24 | $10.4M | $96.6M | ||
| Q3 24 | $2.3M | $83.8M | ||
| Q2 24 | $6.5M | $66.1M | ||
| Q1 24 | $8.4M | $82.1M |
| Q4 25 | — | $432.2M | ||
| Q3 25 | — | $433.3M | ||
| Q2 25 | — | $434.4M | ||
| Q1 25 | — | $435.3M | ||
| Q4 24 | — | $436.2M | ||
| Q3 24 | — | $437.2M | ||
| Q2 24 | — | $438.1M | ||
| Q1 24 | — | $439.0M |
| Q4 25 | $215.3M | $452.4M | ||
| Q3 25 | $203.2M | $448.1M | ||
| Q2 25 | $208.7M | $442.4M | ||
| Q1 25 | $196.3M | $433.5M | ||
| Q4 24 | $189.2M | $429.5M | ||
| Q3 24 | $182.6M | $423.1M | ||
| Q2 24 | $172.0M | $418.4M | ||
| Q1 24 | $163.9M | $412.0M |
| Q4 25 | $369.1M | $582.5M | ||
| Q3 25 | $375.1M | $582.2M | ||
| Q2 25 | $372.4M | $574.8M | ||
| Q1 25 | $358.8M | $571.4M | ||
| Q4 24 | $333.2M | $581.6M | ||
| Q3 24 | $346.9M | $578.6M | ||
| Q2 24 | $325.5M | $571.4M | ||
| Q1 24 | $303.7M | $566.7M |
| Q4 25 | — | 0.96× | ||
| Q3 25 | — | 0.97× | ||
| Q2 25 | — | 0.98× | ||
| Q1 25 | — | 1.00× | ||
| Q4 24 | — | 1.02× | ||
| Q3 24 | — | 1.03× | ||
| Q2 24 | — | 1.05× | ||
| Q1 24 | — | 1.07× |
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 | $40.9M |
| Free Cash FlowOCF − Capex | $-2.8M | $33.5M |
| FCF MarginFCF / Revenue | -2.3% | 47.1% |
| Capex IntensityCapex / Revenue | 1.9% | 10.4% |
| Cash ConversionOCF / Net Profit | -0.07× | 28.39× |
| TTM Free Cash FlowTrailing 4 quarters | $70.1M | $56.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $-526.0K | $40.9M | ||
| Q3 25 | $38.0M | $17.7M | ||
| Q2 25 | $19.3M | $4.6M | ||
| Q1 25 | $21.6M | $5.7M | ||
| Q4 24 | $-12.1M | $59.7M | ||
| Q3 24 | $22.0M | $17.6M | ||
| Q2 24 | $22.2M | $15.9M | ||
| Q1 24 | $34.8M | $9.4M |
| Q4 25 | $-2.8M | $33.5M | ||
| Q3 25 | $36.0M | $16.4M | ||
| Q2 25 | $17.2M | $2.9M | ||
| Q1 25 | $19.8M | $4.0M | ||
| Q4 24 | $-14.0M | $53.0M | ||
| Q3 24 | $19.2M | $16.3M | ||
| Q2 24 | $20.3M | $14.0M | ||
| Q1 24 | $32.5M | $6.8M |
| Q4 25 | -2.3% | 47.1% | ||
| Q3 25 | 30.5% | 22.4% | ||
| Q2 25 | 14.3% | 4.0% | ||
| Q1 25 | 17.0% | 5.3% | ||
| Q4 24 | -11.4% | 73.2% | ||
| Q3 24 | 17.9% | 20.8% | ||
| Q2 24 | 21.7% | 17.8% | ||
| Q1 24 | 35.5% | 8.6% |
| Q4 25 | 1.9% | 10.4% | ||
| Q3 25 | 1.7% | 1.8% | ||
| Q2 25 | 1.8% | 2.2% | ||
| Q1 25 | 1.6% | 2.3% | ||
| Q4 24 | 1.5% | 9.1% | ||
| Q3 24 | 2.7% | 1.7% | ||
| Q2 24 | 2.1% | 2.4% | ||
| Q1 24 | 2.6% | 3.3% |
| Q4 25 | -0.07× | 28.39× | ||
| Q3 25 | 4.86× | 4.45× | ||
| Q2 25 | 2.60× | 0.97× | ||
| Q1 25 | 3.07× | — | ||
| Q4 24 | -2.09× | 10.28× | ||
| Q3 24 | 3.45× | 18.22× | ||
| Q2 24 | 3.71× | 4.29× | ||
| 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% |
RMAX
| Franchising Segment | $50.1M | 70% |
| Broker Fees | $13.9M | 20% |
| Annual Dues | $7.4M | 10% |
