Heritage Global Inc.

HGBL

Heritage Global Inc.

HGBL

Insider Sentiment (TTM):

Last Purchase:2026-05-21Last Sale:2026-05-01Shares Purchased (TTM):26,000Shares Sold (TTM):33,606

Institutional Sentiment:

As of:2026-03-31Institutional Shares Owned:10,761,455Shares Outstanding:34,596,265Institutional Ownership Pct.:31.11%

Earnings Market Reaction:

Filing Date:2026-08-13Price on Filing Date:N/APrevious Close:N/A% Change:N/A

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Financial Statements

10‑Q10‑K

Values in Millions ($)	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Assets
Assets Current
Cash And Cash Equivalents At Carrying Value	13	12	21	19	20	19	22	27	25	16	12	16
Accounts Receivable Net Current	3	2	2	2	2	2	2	1	1	2	2	3
Notes And Loans Receivable Net Current	1	4	5	4	4	3	3	4	5	7	7	10
Inventory Net	5	5	6	6	6	5	5	5	4	5	5	4
Prepaid Expense And Other Assets Current	1	1	1	1	1	1	1	1	1	0	0	1
Assets Current	23	24	34	32	32	29	33	37	36	29	26	34
Notes And Loans Receivable Net Noncurrent	4	4	5	5	6	6	7	7	9	11	11	10
Equity Method Investments	1	19	21	21	21	22	21	21	22	20	21	16
Property Plant And Equipment Net	12	12	11	9	9	9	2	2	2	2	2	2
Operating Lease Right Of Use Asset	1	1	2	2	2	2	2	2	2	2	3	3
Intangible Assets Net Excluding Goodwill	6	6	3	3	3	3	3	3	4	4	4	4
Goodwill	13	13	7	7	7	7	7	7	7	7	7	7
Deferred Income Tax Assets Net	9	4	4	5	5	6	6	8	8	9	9	8
Other Assets Noncurrent	1	1	2	2	2	2	0	0	0	0	0	0
Assets	70	85	88	87	88	87	81	89	90	84	83	84
Liabilities And Stockhold…
Liabilities Current
Accounts Payable And Accrued Liabilities Current	5	5	6	6	7	5	5	6	5	5	7	6
Settlement Liabilities Current	7	5	7	7	8	9	7	13	10	7	5	10
Unsecured Debt Current	0	0	0	0	0	0	0	1	2	2	2	3
Operating Lease Liability Current	1	1	1	1	1	1	1	1	1	1	1	1
Other Liabilities Current	1	1	1	-	-	-	1	-	-	-	-	-
Liabilities Current	14	12	16	14	16	15	15	21	18	14	15	20
Unsecured Long Term Debt	4	4	4	4	4	4	0	0	5	5	5	6
Operating Lease Liability Noncurrent	1	1	1	1	1	1	2	2	2	2	2	2
Other Liabilities Noncurrent	0	0	1	1	1	1	0	-	-	-	-	-
Liabilities	18	17	21	20	22	21	16	22	24	21	22	28
Stockholders Equity
Preferred Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Value	0	0	0	0	0	0	0	0	0	0	0	0
Additional Paid In Capital	297	297	296	296	296	296	296	295	295	295	295	294
Retained Earnings Accumulated Deficit	-239	-224	-224	-225	-225	-227	-228	-228	-229	-231	-233	-238
Treasury Stock Value	-6	-6	-6	-6	-6	-4	-3	-2	-1	-1	-1	-0
Stockholders Equity	52	68	67	66	66	65	65	66	66	63	61	56
Liabilities And Stockholders Equity	70	85	88	87	88	87	81	89	90	84	83	84
Allowance For Doubtful Accounts Receivable Current	-	-	0	-	-	-	0	0	0	0	0	-
Accounts And Notes Receivable Net	-	-	-	-	-	-	-	0	0	1	1	-
Preferred Stock Par Or Stated Value Per Share	10	10	10	10	10	10	10	10	10	10	10	10
Preferred Stock Shares Authorized	10	10	10	10	10	10	10	10	10	10	10	10
Preferred Stock Shares Issued	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Shares Outstanding	0	0	0	0	0	0	0	0	0	0	0	0
Preferred Stock Liquidation Preference	0	0	0	0	0	0	0	0	0	0	0	0
Common Stock Par Or Stated Value Per Share	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01	0.01
Common Stock Shares Authorized	300	300	300	300	300	300	300	300	300	300	300	300
Common Stock Shares Issued	38	38	38	38	38	38	37	37	37	37	37	37
Shares Outstanding	35	35	35	35	35	35	36	36	37	37	37	37
Treasury Stock Common Shares	3	3	3	3	3	2	2	1	0	0	0	0

Subscribe to unlock 17+ years of financial data, unlimited metrics, and saved tables

Start 7-day free trial

Subscribe to unlock 17+ years of data, unlimited metrics, and saved tables

Start free trial

Custom Table

10‑Q10‑K

0/5

Search a metric to start building a table

Subscribe to unlock 17+ years of financial data, unlimited metrics, transformations, and saved visuals

Start 7-day free trial

Subscribe to unlock 17+ years of data, unlimited metrics, transformations, and saved visuals

Start free trial

Interactive Financial Visualizations

10‑Q10‑K

Stock Price:

OnOff

Transformations:

0/1

Search a metric to start building a visual

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Earnings Market Reaction

10‑Q10‑K

Fiscal Year	Q1 1 Month	Q1 2 Month	Q1 3 Month	Q2 1 Month	Q2 2 Month	Q2 3 Month	Q3 1 Month	Q3 2 Month	Q3 3 Month	Q4 1 Month	Q4 2 Month	Q4 3 Month
2026	-8.27%	-8.27%	-9.77%	-	-	-	-	-	-	-	-	-
2025	9.00%	13.50%	7.50%	-8.17%	-17.31%	-27.40%	-5.59%	-11.89%	-4.20%	12.20%	9.76%	-0.81%
2024	-8.06%	-0.81%	-2.42%	-25.54%	-28.57%	-27.71%	3.53%	1.18%	23.53%	-0.48%	-4.31%	4.31%
2023	-	-	-	-	-	-	-21.26%	-20.11%	-16.67%	-12.00%	-18.67%	-24.00%
Earnings Market Reaction data beyond 3 years is for subscribers only. Unlock the full earnings market reaction history Start 7-day free trial

Subscribe to unlock 17+ years of financial data and 90+ calculated metrics

Start 7-day free trial

Subscribe to unlock 17+ years of data and 90+ calculated metrics

Start free trial

Performance and Valuation Metrics

Rows marked with a lock icon are subscribers only — subscribe to unlock 90+ calculated metrics and 17+ years of history.

Metrics	2026-06-30	2026-03-31	2025-12-31	2025-09-30	2025-06-30	2025-03-31	2024-12-31	2024-09-30	2024-06-30	2024-03-31	2023-12-31	2023-09-30
Liquidity Ratios
Current Ratio	1.69	1.95	2.16	2.29	2.05	2.00	2.27	1.78	1.99	2.07	1.78	1.69
Quick Ratio	1.22	1.45	1.73	1.83	1.64	1.62	1.83	1.52	1.70	1.70	1.41	1.43
Working Capital	9.42M	11.56M	18.06M	17.92M	16.44M	14.72M	18.53M	16.24M	17.91M	14.95M	11.56M	13.80M
Leverage & Debt
Debt to Equity	0.36	0.25	0.32	0.30	0.33	0.32	0.25	0.34	0.37	0.33	0.36	0.50
Debt Ratio	0.26	0.20	0.24	0.23	0.25	0.25	0.20	0.25	0.27	0.25	0.27	0.33
Efficiency & Turnover
Asset Turnover TTM	0.61	0.59	0.60	0.57	0.55	0.55	0.55	0.58	0.65	0.70	0.80	0.85
Days Sales Outstanding TTM	17.71	12.30	12.23	9.94	12.00	12.59	13.96	13.78	13.14	9.30	8.74	14.08
Receivables Turnover TTM	20.61	29.67	29.85	36.74	30.43	28.98	26.15	26.49	27.78	39.25	41.78	25.92
Per Share Metrics
Diluted EPS TTM	-0.41	0.09	0.10	0.09	0.10	0.12	0.14	0.28	0.30	0.31	0.33	0.47
Free Cash Flow Per Share TTM	-0.03	-0.02	-0.07	-0.26	-0.09	0.03	0.21	0.37	0.38	0.15	0.35	0.44
Dividend Per Share TTM	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Margin Metrics
Gross Profit Margin TTM	-	85.41%	84.40%	85.49%	84.63%	87.14%	87.20%	87.77%	87.66%	87.26%	86.78%	87.29%
Operating Profit Margin TTM	-36.98%	10.58%	11.20%	12.87%	13.48%	16.95%	19.99%	24.33%	24.40%	23.15%	23.65%	21.85%
Net Profit Margin TTM	-29.63%	6.45%	7.04%	6.18%	7.33%	9.53%	11.42%	20.60%	20.29%	20.40%	20.60%	29.71%
Growth Metrics
Net Revenue Growth (1Y)	-1.50%	7.68%	12.38%	0.02%	-11.05%	-16.82%	-25.08%	-15.59%	-2.10%	3.55%	29.06%	45.52%
Net Income Growth (1Y)	-498.24%	-27.14%	-30.78%	-70.00%	-67.87%	-61.14%	-58.46%	-41.47%	-37.56%	-35.25%	-19.48%	170.79%
EPS Growth (1Y)	-501.05%	-25.70%	-27.61%	-68.23%	-66.14%	-59.70%	-58.18%	-41.21%	-37.63%	-36.29%	-20.93%	165.94%
Valuation Metrics
P/E TTM	-2.93	14.52	12.04	18.60	21.58	17.30	13.01	6.05	8.10	8.44	8.17	6.53
P/B TTM	0.81	0.69	0.64	0.86	1.18	1.18	1.03	0.94	1.37	1.53	1.67	2.03
P/S TTM	0.87	0.94	0.85	1.15	1.58	1.65	1.49	1.25	1.64	1.72	1.68	1.94
Market Cap	41.90M	47.05M	43.19M	57.35M	77.42M	76.92M	67.40M	62.18M	90.38M	96.60M	101.96M	114.64M
Enterprise Value	32.82M	39.58M	26.77M	42.01M	61.80M	62.49M	46.04M	36.13M	72.18M	87.83M	96.91M	108.30M
Calculated Values
Free Cash Flow TTM	-1.10M	-783.00K	-2.33M	-8.82M	-3.09M	1.16M	7.61M	13.55M	13.95M	5.56M	12.76M	16.13M
Net Debt	-9.08M	-7.47M	-16.42M	-15.33M	-15.61M	-14.42M	-21.35M	-26.05M	-18.21M	-8.77M	-5.05M	-6.33M
Per-Share and Margin
EPS TTM
Adjusted EPS TTM
Cash Flow Per Share TTM
Pretax Margin TTM
Stock Comp to Revenue TTM
Turnover Ratios and Averages
Average Assets
Average Equity
Average Inventory
Average Receivables
Average Accounts Payables
Inventory Turnover TTM
Payables Turnover TTM
Days Inventory Outstanding TTM
Days Payables Outstanding TTM
Cash Conversion Cycle TTM
Working Capital to Revenue
Deferred Revenue to Revenue
Growth Rates
Total Assets Growth (1Y)
Total Assets Growth (3Y)
Total Assets Growth (5Y)
Dividends Paid Growth (1Y)
Dividends Paid Growth (3Y)
Dividends Paid Growth (5Y)
EPS Growth (3Y)
EPS Growth (5Y)
Net Income Growth (3Y)
Net Income Growth (5Y)
Net Profit Margin Growth (1Y)
Net Profit Margin Growth (3Y)
Net Profit Margin Growth (5Y)
Net Revenue Growth (3Y)
Net Revenue Growth (5Y)
Deferred Revenue Growth (1Y)
Retained Earnings Growth (1Y)
Credit, Liquidity, Returns, Payout
Cash Ratio
Net Working Capital
Debt to EBITDA TTM
Net Debt to EBITDA TTM
Net Debt to Equity
Altman A
Altman B
Altman C
Altman D
Altman E
Altman Z-Score
ROA TTM
ROE TTM
NOPAT TTM
ROIC TTM
Effective Tax Rate TTM
Payout Ratio TTM
Dilution Ratio
Retained Earnings to Equity
Treasury Stock to Equity
Treasury Stock Change (1Y)
Accrued to Current Liabilities
NCAV
NCAV Per Share TTM
Valuation Ratios
P/CF TTM
Dividend Yield TTM
Free Cash Flow Yield TTM
EV EBITDA TTM
EV EBIT TTM
Stock Compensation TTM
Adjusted Net Income TTM
Billings TTM
Total Debt
Invested Capital

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Insider Transactions

2026-05-21Purchase

Owner: Dove, Nicholas Kirk

Title: President, Industrial Assets

Shares: 26,000

Price/Share: $1.22

Value: $31,720.00

Shares Owned: 126,000

Relationship: Officer

Ownership: Direct

2026-05-01Sale

Owner: Sklar, James Edward

Title: EVP, Gen Counsel & Secretary

Shares: 3,734

Price/Share: $1.33

Value: $4,966.22

Shares Owned: 257,391

Relationship: Officer

Ownership: Direct

2026-04-01Sale

Owner: Sklar, James Edward

Title: EVP, Gen Counsel & Secretary

Shares: 3,734

Price/Share: $1.35

Value: $5,040.90

Shares Owned: 261,125

Relationship: Officer

Ownership: Direct

2026-03-02Sale

Owner: Sklar, James Edward

Title: EVP, Gen Counsel & Secretary

Shares: 3,734

Price/Share: $1.30

Value: $4,854.20

Shares Owned: 264,859

Relationship: Officer

Ownership: Direct

2026-02-02Sale

Owner: Sklar, James Edward

Title: EVP, Gen Counsel & Secretary

Shares: 3,734

Price/Share: $1.37

Value: $5,115.58

Shares Owned: 268,593

Relationship: Officer

Ownership: Direct

Filed Date	Owner	Relationship	Title	Ownership	Purchase/Sale	No. Shares	Price Per Share	Value	Shares Owned	Document Type
2026-05-21	Dove, Nicholas Kirk	Officer	President, Industrial Assets	Direct	Purchase	26,000	1.22	$31,720.00	126,000	4
2026-05-01	Sklar, James Edward	Officer	EVP, Gen Counsel & Secretary	Direct	Sale	3,734	1.33	$4,966.22	257,391	4
2026-04-01	Sklar, James Edward	Officer	EVP, Gen Counsel & Secretary	Direct	Sale	3,734	1.35	$5,040.90	261,125	4
2026-03-02	Sklar, James Edward	Officer	EVP, Gen Counsel & Secretary	Direct	Sale	3,734	1.30	$4,854.20	264,859	4
2026-02-02	Sklar, James Edward	Officer	EVP, Gen Counsel & Secretary	Direct	Sale	3,734	1.37	$5,115.58	268,593	4
2026-01-02	Sklar, James Edward	Officer	EVP, Gen Counsel & Secretary	Direct	Sale	3,734	1.23	$4,592.82	272,327	4
2025-12-01	Sklar, James Edward	Officer	EVP, Gen Counsel & Secretary	Direct	Sale	3,734	1.31	$4,891.54	276,061	4
2025-11-03	Sklar, James Edward	Officer	EVP, Gen Counsel & Secretary	Direct	Sale	3,734	1.43	$5,339.62	279,795	4
2025-10-01	Sklar, James Edward	Officer	EVP, Gen Counsel & Secretary	Direct	Sale	7,468	1.63	$12,172.84	283,529	4
2025-03-11	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	7,000	1.97	$13,790.00	900,479	4
2025-03-06	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	2.07	$20,700.00	907,479	4
2025-03-04	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	2.05	$20,500.00	917,479	4
2025-02-26	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	2.02	$20,200.00	927,479	4
2025-02-19	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	2.24	$22,400.00	937,479	4
2025-02-12	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	2.24	$22,400.00	947,479	4
2025-01-29	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	2.13	$21,300.00	957,479	4
2025-01-15	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	2.07	$20,700.00	967,479	4
2025-01-08	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	1.99	$19,900.00	977,479	4
2024-12-18	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	1.75	$17,500.00	987,479	4
2024-12-05	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	1.76	$17,600.00	997,479	4
2024-12-03	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	1.77	$17,700.00	1,007,479	4
2024-11-21	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	1.63	$16,300.00	1,017,479	4
2024-11-19	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	1.61	$16,100.00	1,029,304	4/A
2024-11-19	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Sale	10,000	1.61	$16,100.00	1,027,479	4
2024-03-20	Dove, Ross	Director,Officer	CEO	Direct	Purchase	7,297	2.75	$20,066.75	2,302,656	4
2024-03-19	Dove, Nicholas Kirk	Officer	President, Industrial Assets	Direct	Purchase	5,000	2.88	$14,400.00	100,000	4
2023-11-13	Dove, Nicholas Kirk	Officer	President, Industrial Assets	Direct	Purchase	5,000	2.85	$14,250.00	95,000	4
2023-09-13	Shimer, Samuel L	Director	-	Direct	Purchase	10,000	2.95	$29,500.00	297,500	4
2023-08-24	Dove, Ross	Director,Officer	CEO	Direct	Purchase	3,200	3.11	$9,952.00	2,218,510	4
2023-08-17	Dove, Nicholas Kirk	Officer	President, Industrial Assets	Direct	Purchase	3,455	3.13	$10,814.15	90,000	4
2023-08-15	Ludwig, David Van	Director,Officer	President of subsidiary	Direct	Purchase	1,825	3.30	$6,022.50	1,039,304	4
2023-08-14	Hexner, Michael	Director	-	Direct	Purchase	8,253	3.12	$25,749.36	217,104	4
2023-08-14	Dove, Ross	Director,Officer	CEO	Direct	Purchase	6,211	3.22	$19,999.42	2,215,310	4
2023-08-14	Dove, Nicholas Kirk	Officer	President, Industrial Assets	Direct	Purchase	7,880	3.17	$24,979.60	86,545	4
Additional insider transactions are for subscribers only. Unlock the complete Form 4 filing history Start 7-day free trial

Subscribe to unlock 17+ years of financial data

Start 7-day free trial

Subscribe to unlock 17+ years of data

Start free trial

Institutional Ownership

No data available for chart

2026-03-31

31.11%

Inst. Shares: 10,761,455

Shares Outstanding: 34,596,265

2025-12-31

36.98%

Inst. Shares: 12,882,456

Shares Outstanding: 34,834,540

2025-09-30

37.95%

Inst. Shares: 13,111,729

Shares Outstanding: 34,547,477

2025-06-30

38.03%

Inst. Shares: 13,262,066

Shares Outstanding: 34,871,767

2025-03-31

37.28%

Inst. Shares: 13,153,097

Shares Outstanding: 35,282,855

Date	Institutional Shares Owned	Shares Outstanding	Institutional Ownership %
2026-03-31	10,761,455	34,596,265	31.11%
2025-12-31	12,882,456	34,834,540	36.98%
2025-09-30	13,111,729	34,547,477	37.95%
2025-06-30	13,262,066	34,871,767	38.03%
2025-03-31	13,153,097	35,282,855	37.28%
2024-12-31	13,032,363	36,430,211	35.77%
2024-09-30	8,925,456	36,576,931	24.40%
2024-06-30	8,597,142	36,741,439	23.40%
2024-03-31	8,682,898	36,592,801	23.73%
2023-12-31	5,885,404	36,677,098	16.05%
2023-09-30	8,049,325	36,742,018	21.91%
2023-06-30	8,767,846	36,700,830	23.89%
Additional institutional holders are for subscribers only. Unlock the complete Form 13F ownership history Start 7-day free trial

Heritage Global Inc. (HGBL) — SEC Financial Statements & Analysis

Heritage Global Inc. (HGBL) is a services-business services, nec company, incorporated in FL. Heritage Global Inc. trades on Nasdaq as: HGBL. Based on its latest SEC filing (Form 10-Q, period ending 2026-06-30), Heritage Global Inc. reported a -1.50% year-over-year revenue growth, a Gross Profit Margin of 85.41% (TTM), a Debt-to-Equity ratio of 0.36x, a Price-to-Sales (P/S) ratio of 0.87x (TTM), a Price-to-Book (P/B) ratio of 0.81x (TTM), at a market cap of $41.90M. Figures below are sourced from SEC EDGAR, as-filed.

Net Revenue TTM Growth 1Y: -1.50%
Gross Profit Margin TTM: 85.41%
Debt To Equity: 0.36x
P/S TTM: 0.87x
P/B TTM: 0.81x
Market Cap: $41.90M

Data as of 2026-06-30 · Source: SEC EDGAR

Frequently Asked Questions

What industry is Heritage Global Inc. in?

Heritage Global Inc. (HGBL) operates in the Services-Business Services, NEC industry.

What is HGBL's market cap?

Heritage Global Inc. (HGBL) has a market capitalization of $41.90M as of 2026-06-30.

What exchange does HGBL trade on?

Heritage Global Inc. (HGBL) trades on the Nasdaq.

Where is Heritage Global Inc. incorporated?

Heritage Global Inc. is incorporated in FL.