Liquidity Services, Inc. (LQDT)

Stated as a priority in 3 of last 3 quarters. Registered buyers grew 9% year-over-year from approximately 5.9 million in 2025-Q3 to 6.4 million in 2026-Q3. GovDeals new accounts increased 30% year-over-year in 2026-Q2. Management consistently emphasized expanding buyer and seller base and geographic reach, and the data shows delivering growth in registered buyers and new accounts consistent with this priority.

Stated as a priority in 3 of last 3 quarters. Capital expenditures have been consistently guided around $2 million per quarter, with Q4 2026 guidance between $2.5 million and $3 million. Share repurchase authorization stood at $15 million remaining as of 2026-Q2. Management has maintained disciplined capital allocation with consistent capex and share repurchase pacing, delivering on stated priorities.

Stated as a priority in 3 of last 3 quarters. GMV grew from $398 million in 2026-Q1 to $453 million in 2026-Q3, an increase of 10%, while revenue increased 8% over the same period. Management consistently emphasized technology-enabled marketplace expansion driving profitable growth, and the financial results show delivering growth in GMV, revenue, and segment direct profit consistent with this priority.