OverviewSuggest Edit

Liberty Tax provides tax preparation services and solutions in the United States and Canada. The Company also facilitates refund-based tax settlement financial products, such as refund transfer products, refund-based loans, and personal income tax refund discounting, as well as provides an online digital Do-It-Yourself tax program in the United States. Its customers include taxpayers who, for reasons of complexity, convenience, or the need for prompt tax refunds, seek assisted tax preparation services. Liberty Tax offers its products and services through a network of company-owned offices and franchised locations under the Liberty Tax, Liberty Tax Service, Liberty Income Tax, Liberty Canada, and SiempreTax+ brand names.
TypePublic
Founded1997
HQVirginia Beach, US
Websitelibertytax.com
Employee Ratings3.5

Latest Updates

Employees (est.) (Apr 2019)795(-47%)
Job Openings344
Revenue (FY, 2019)$132.5 M(-24%)
Share Price (Aug 2018)$9.2 (-10%)

Key People/Management at Liberty Tax

Nicole Ossenfort

Nicole Ossenfort

President and Chief Executive Officer

Liberty Tax Office Locations

Liberty Tax has an office in Virginia Beach
Virginia Beach, US (HQ)
1716 Corporate Landing Pkwy
Show all (1)

Liberty Tax Financials and Metrics

Liberty Tax Revenue

Liberty Tax's revenue was reported to be $132.55 m in FY, 2019
USD

Revenue (Q1, 2020)

8.2m

Net income (Q1, 2020)

(19.1m)

EBIT (Q1, 2020)

(23.3m)

Market capitalization (1-Aug-2018)

119.8m

Closing stock price (1-Aug-2018)

9.2

Cash (31-Jul-2019)

90.6m

EV

49.2m
Liberty Tax's current market capitalization is $119.8 m.
Annual
usdFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

117.9m131.2m147.6m159.7m162.2m173.4m174.0m174.9m132.5m

Revenue growth, %

11%12%8%2%7%0%

Sales and marketing expense

18.3m16.4m11.1m12.3m12.5m

General and administrative expense

40.6m43.9m58.2m69.0m42.0m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Revenue

7.2m9.3m37.6m8.1m7.3m7.8m7.7m47.7m7.5m7.9m53.6m7.1m7.2m48.4m8.2m7.8m48.2m7.2m6.8m32.9m8.2m

Sales and marketing expense

2.6m2.5m7.7m6.1m2.5m2.9m3.0m10.5m2.6m2.5m9.0m1.9m1.5m5.4m2.4m1.7m5.6m1.7m1.2m6.9m1.3m

General and administrative expense

5.8m6.1m7.9m6.3m7.7m7.5m10.4m13.0m7.8m8.8m12.6m8.3m9.2m18.2m9.6m22.4m11.3m10.1m6.3m17.2m

Operating expense total

17.4m18.8m34.1m17.4m20.9m21.9m26.0m43.4m21.4m21.9m44.7m22.4m22.0m43.3m24.1m28.1m48.4m35.5m25.1m31.4m31.5m
Annual
usdY, 2010Y, 2011Y, 2012Y, 2013FY, 2014Y, 2014FY, 2015Y, 2015FY, 2016Y, 2016FY, 2017FY, 2018FY, 2019

Cash

2.1m1.7m19.8m19.0m46.1m46.1m21.4m21.4m9.9m9.9m16.4m18.5m23.0m

Accounts Receivable

46.1m46.1m49.9m49.9m54.7m52.5m47.0m

Inventories

Current Assets

125.5m125.5m105.9m105.9m100.8m100.8m115.7m99.7m93.1m
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Cash

2.2m1.2m849.0k8.6m2.6m8.6m4.6m3.2m4.4m4.0m1.8m4.9m3.7m3.5m6.3m5.2m4.1m6.2m5.1m4.3m90.6m

Accounts Receivable

33.5m30.6m59.9m38.6m38.0m63.0m43.2m41.9m67.6m41.2m40.1m62.1m47.4m

Inventories

9.6m

Current Assets

76.3m89.5m164.9m76.2m95.8m91.0m105.0m176.6m92.4m108.6m203.7m103.8m122.7m199.6m96.2m116.5m183.5m80.3m96.0m161.7m177.4m
Annual
USDFY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

22.0m8.7m19.4m13.0m135.0k(2.2m)

Depreciation and Amortization

7.8m8.5m6.9m8.3m11.5m13.6m

Inventories

Accounts Payable

2.6m2.7m(6.2m)556.0k1.5m(785.0k)
Quarterly
USDQ1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020

Net Income

(6.4m)(12.5m)(10.8m)(5.9m)(14.4m)(8.6m)(20.0m)(8.5m)(17.6m)(12.9m)(9.4m)(18.8m)(16.3m)(9.8m)(22.9m)(24.4m)(19.4m)(32.2m)(32.6m)(19.1m)

Depreciation and Amortization

1.6m3.0m4.4m

Accounts Payable

9.0m11.8m27.8m16.8m9.2m15.5m9.6m8.5m22.3m

Cash From Operating Activities

(16.2m)(27.6m)(51.8m)(27.9m)(22.7m)(40.4m)(15.5m)(37.3m)(68.3m)(21.9m)(39.0m)(62.0m)(14.5m)(39.6m)(62.4m)(13.7m)(35.7m)(62.9m)(10.1m)
USDY, 2019

EV/EBIT

-2.1 x

EV/CFO

-4.9 x
Show all financial metrics

Liberty Tax Online and Social Media Presence

Embed Graph

Liberty Tax News and Updates

Liberty Tax, Inc. To Acquire Outlet Business From Sears Hometown And Outlet Stores, Inc.

VIRGINIA BEACH, Va. and HOFFMAN ESTATES, Ill., Aug. 27, 2019 /PRNewswire/ -- Liberty Tax, Inc. ("Liberty Tax") (OTC Pink: TAXA), the parent company of Liberty Tax Service and Buddy's Home Furnishings, and Sears Hometown and Outlet Stores, Inc. ("Sears Hometown") (NASDAQ: SHOS) today...

Liberty Tax Announces a Series of Strategic Transactions

Liberty Tax to Pursue New Franchise Centric Business Model

Liberty Tax Service Announces Fiscal Year 2019 Results

Average Returns for U.S. and Canadian Offices Show GrowthU.S. Average Net Fee per Return Increased by 3.6%

Liberty Tax Announces Receipt of Unsolicited Proposal

VIRGINIA BEACH, Va., May 06, 2019 (GLOBE NEWSWIRE) -- Liberty Tax, Inc. (OTC PINK: TAXA) (“Liberty Tax” or the “Company”), the parent company of Liberty Tax Service, today announced that it has received an unsolicited and non-binding proposal from Vintage Capital Management, LLC (“Vintage”) to exp…

Grant & Eisenhofer P.A. and Kessler Topaz Meltzer & Check LLP Announce a Proposed Settlement of Liberty Tax Inc. Stockholder Litigation

WILMINGTON, Del., April 30, 2019 /PRNewswire/ -- IN THE COURT OF CHANCERY OF THE STATE OF DELAWARE IN RE LIBERTY TAX, INC. STOCKHOLDER LITIGATION Consolidated C.A. No. 2017-0883-AGB SUMMARY NOTICE OF PENDENCY AND PROPOSED SETTLEMENT OF STOCKHOLDER CLASS AND DERIVATIVE ACTION, SETTLEMENT...

Liberty Tax Board Agrees to Settle Lawsuit Over Sex Scandal

Liberty Tax Board Agrees to Settle Lawsuit Over Sex Scandal
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Liberty Tax Frequently Asked Questions

  • When was Liberty Tax founded?

    Liberty Tax was founded in 1997.

  • Who are Liberty Tax key executives?

    Liberty Tax's key executives are Nicole Ossenfort.

  • How many employees does Liberty Tax have?

    Liberty Tax has 795 employees.

  • What is Liberty Tax revenue?

    Latest Liberty Tax annual revenue is $132.5 m.

  • What is Liberty Tax revenue per employee?

    Latest Liberty Tax revenue per employee is $166.7 k.

  • Who are Liberty Tax competitors?

    Competitors of Liberty Tax include Debevoise & Plimpton, Optima Tax Relief and Luther Rechtsanwaltsgesellschaft.

  • Where is Liberty Tax headquarters?

    Liberty Tax headquarters is located at 1716 Corporate Landing Pkwy, Virginia Beach.

  • Where are Liberty Tax offices?

    Liberty Tax has an office in Virginia Beach.

  • How many offices does Liberty Tax have?

    Liberty Tax has 1 office.