Rscg was Liquidity Services’s largest segment in fiscal 2025, bringing in $303.85M of $450.30M (67%).
| Segment | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Rscg | $134.09M | $161.78M | $201.03M | $303.85M | ||||||
| Cag | $42.58M | $38.48M | $37.67M | $39.30M | ||||||
| Govdeals | $59.35M | $62.01M | $76.56M | $87.40M | ||||||
| Machinio Software Solutions | — | $13.82M | $16.16M | $19.75M | ||||||
| Machinio | $12.08M | — | — | — | ||||||
| Total | $248.10M | $276.09M | $331.42M | $450.30M |
Liquidity Services brought in $450.30M from its four segments in fiscal 2025, the year ended September 30, 2025. That is less than the $476.67M it reports by geography, so these segments do not cover all of its revenue. Rscg was the largest at $303.85M (67.5%), ahead of Govdeals at $87.40M (19.4%) and Cag at $39.30M (8.7%). The remaining segment, Machinio Software Solutions, brought in $19.75M.
Compared with fiscal 2024, Rscg grew fastest, up 51.1% to $303.85M. Every segment above 2% of revenue grew.
Liquidity Services began breaking out Machinio Software Solutions in fiscal 2023, when it brought in $13.82M. Liquidity Services stopped reporting Machinio as a separate segment after fiscal 2022, when it brought in $12.08M.
Purchase Revenues was Liquidity Services’s largest product and service line in fiscal 2025, bringing in $303.85M of $417.01M (73%).
| Product and Service | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| Purchase Revenues | $134.09M | $161.78M | $201.03M | $303.85M | |||||
| Revenue | — | — | — | — | |||||
| Consignment & Other Fee Revenues | $91.36M | $100.45M | $108.34M | $113.15M | |||||
| Fee Revenue | — | — | — | — | |||||
| Total | $225.45M | $262.23M | $309.37M | $417.01M |
Liquidity Services brought in $417.01M from its two product and service lines in fiscal 2025, the year ended September 30, 2025. That is less than the $476.67M it reports by geography, so these lines do not cover all of its revenue. Purchase Revenues was the largest at $303.85M (72.9%), ahead of Consignment & Other Fee Revenues at $113.15M (27.1%).
Compared with fiscal 2024, Purchase Revenues grew 51.1% to $303.85M and Consignment & Other Fee Revenues grew 4.4% to $113.15M.
United States was Liquidity Services’s largest region in fiscal 2025, bringing in $433.26M of $476.67M (91%).
| Geography | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|
| United States | $237.72M | $278.73M | $323.30M | $433.26M | |||||
| Rest Of The World | $42.33M | $35.73M | $40.02M | $43.41M | |||||
| Total | $280.05M | $314.46M | $363.32M | $476.67M |
Liquidity Services brought in $476.67M from its two regions in fiscal 2025, the year ended September 30, 2025. That was up 31.2% from $363.32M in fiscal 2024. United States was the largest at $433.26M (90.9%), ahead of Rest Of The World at $43.41M (9.1%).
Compared with fiscal 2024, United States grew 34.0% to $433.26M and Rest Of The World grew 8.5% to $43.41M. From fiscal 2022 to 2025, combined revenue from these regions grew from $280.05M to $476.67M, a compound annual growth rate of 19.4%. United States' share of the total rose from 84.9% to 90.9%.
Liquidity Services (LQDT) reports its revenue by segment, by product and service and by geography. In fiscal 2025, Rscg was its largest segment, bringing in $303.85M (67.5% of the total), followed by Govdeals at $87.40M (19.4%).
Rscg was Liquidity Services' largest segment in fiscal 2025, bringing in $303.85M, or 67.5% of the $450.30M total across its four segments.
Purchase Revenues was Liquidity Services' largest product and service line in fiscal 2025, bringing in $303.85M, or 72.9% of the $417.01M total across its two product and service lines.
United States was Liquidity Services' largest region in fiscal 2025, bringing in $433.26M, or 90.9% of the $476.67M total across its two regions.
Among Liquidity Services' segments that make up at least 2% of revenue, Rscg grew fastest in fiscal 2025, up 51.1% from $201.03M to $303.85M.
Every figure comes from Liquidity Services' annual financial filings, as reported. Each line keeps the name Liquidity Services gives it, and years follow its fiscal calendar.
Liquidity Services' revenue by segment goes back to fiscal 2016, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.