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LQDT

LIQUIDITY SERVICES, INC
CIK 0001235468 ยท EDGAR โ†—
cleanelevatedtriggeredno dataplanned
16.2
composite ยท 4 signals ยท CLEAN

Every card below shows the score and the exact filing data it was computed from โ€” no unexplained numbers. Some signals (P-02, P-03, P-08, P-09, P-10, P-11) pull live documents from SEC EDGAR the first time you view this company; a few of those (P-03, P-10, P-11) use AI to read the filing text, but every AI claim must quote the actual document verbatim or it's discarded โ€” never a guess.

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Signals

P-01 ยท FY 2025-09-30 ยท CLEAN16.6

Earnings quality

Beneish M-Score -2.92 โ€” no manipulation profile
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-11-20) โ†—
Evidence โ€” inputs and thresholds
{
  "m_score": -2.92,
  "threshold": -1.78,
  "ratios": {
    "DSRI": 0.743,
    "GMI": 1,
    "AQI": 0.942,
    "SGI": 1.312,
    "DEPI": 1.11,
    "SGAI": 1,
    "LVGI": 0.963,
    "TATA": -0.103
  },
  "defaulted_to_neutral": [
    "GMI",
    "SGAI"
  ],
  "sloan_accruals": -0.1071,
  "inputs": {
    "revenue_t": 476669000,
    "revenue_t1": 363318000,
    "total_assets_t": 375101000,
    "net_income_t": 28093000,
    "cfo_t": 66758000
  },
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1235468/000119312525289159/0001193125-25-289159-index.htm",
    "form": "10-K",
    "filed": "2025-11-20"
  }
}
P-05 ยท FY 2025-09-30 ยท CLEAN0.0

Tax arbitrage

ETR 28.8% โ€” within normal range of statutory
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-11-20) โ†—
Evidence โ€” inputs and thresholds
{
  "etr_by_year": {
    "2025-09-30": 0.2877,
    "2024-09-30": 0.2667,
    "2023-09-30": 0.2771
  },
  "statutory_rate": 0.21,
  "gap_by_year": {
    "2025-09-30": -0.0777,
    "2024-09-30": -0.0567,
    "2023-09-30": -0.0671
  },
  "note": "Low ETR can be fully legitimate; this flags persistence + magnitude for review.",
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1235468/000119312525289159/0001193125-25-289159-index.htm",
    "form": "10-K",
    "filed": "2025-11-20"
  }
}
P-07 ยท FY 2025-09-30 ยท CLEAN0.0

Pension underfunding

DB plan 111% funded
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-11-20) โ†—
Evidence โ€” inputs and thresholds
{
  "benefit_obligation": 14325000,
  "plan_assets": 15902000,
  "funded_ratio": 1.1101,
  "deficit": 1577000,
  "deficit_vs_equity": null,
  "thresholds": {
    "elevated": "<90% funded",
    "triggered": "<80% funded or deficit >25% of equity"
  },
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1235468/000119312525289159/0001193125-25-289159-index.htm",
    "form": "10-K",
    "filed": "2025-11-20"
  }
}
P-12 ยท FY 2025-09-30 ยท CLEAN20.8

Restatement predictor

F-Score 0.62 โ€” at or below the population base rate
trend: flat
Trend
Source: 10-K on SEC.gov (filed 2025-11-20) โ†—
Evidence โ€” inputs and thresholds
{
  "f_score": 0.624,
  "probability": 0.00231,
  "components": {
    "rsst": -0.1071,
    "drec": -0.0008,
    "dinv": -0.0081,
    "soft": 0.9513,
    "dcs": 0.3128,
    "droa": 0.0173,
    "issue": 0
  },
  "model": "Dechow et al. 2011, Model 1 (simplified RSST)",
  "thresholds": {
    "elevated": 1,
    "triggered": 1.85
  },
  "stale": false,
  "latest_filing_period": "2025-09-30",
  "source": {
    "url": "https://www.sec.gov/Archives/edgar/data/1235468/000119312525289159/0001193125-25-289159-index.htm",
    "form": "10-K",
    "filed": "2025-11-20"
  }
}