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Heritage Global Inc. logo

Heritage Global Inc.

HGBL

NASDAQFinancial ServicesFinancial - Capital Markets

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Previous close

$1.15

+$0.06 · +5.50%

Aug 21, 4:00 PM ET

HGBL company overview

Regular session · ET · Market data may be delayed.

GoAI snapshot

AI-powered factor overview

Jul 10, 2026

GoAI score

Hold

Wait — insufficient conviction to act

Valuation

78

Undervalued

Momentum

36

Weakening

Sentiment

72

Bullish

Risk resilience

47

Elevated Risk

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AI-generated, informational only, and not investment advice.

Company profile

Company website

Heritage Global Inc., through its various subsidiary companies, operates as a specialized asset services firm, primarily concentrating on transactions involving both financial and industrial assets. The company offers a diverse array of services, including market facilitation, the acquisition and divestiture of assets, professional valuations, and asset-backed lending. Its fundamental approach involves identifying, assessing the worth of, acquiring, and ultimately monetizing a broad spectrum of tangible and intangible assets. Serving both as a strategic consultant and as a direct principal, Heritage Global Inc. actively acquires or brokers deals for a variety of assets such as manufacturing plants, surplus industrial equipment, commercial inventories, portfolios of accounts receivable, intellectual property, and entire business operations. The firm was established in 1983 and its corporate headquarters are located in San Diego, California. It formerly conducted business as Counsel RB Capital Inc. until officially rebranding as Heritage Global Inc. in August 2013.

Industry
Financial - Capital Markets
Sector
Financial Services
Headquarters
US
CEO
Ross Dove
Listed since
Mar 23, 1993
Employees
84

Market position

Day range

Current $1.15

52-week range

Current $1.15

Open
$1.13
Previous close
$1.09
Volume
575.22K
4.32× average
Average volume
133.13K
Average daily volume
Market cap
39.95M USD
Beta
0.45
Market reference 1
50-day average
$1.1844
-2.90% below average
200-day average
$1.2828
-10.35% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
28.39M USD
P/E (TTM)
-2.78×
P/B (TTM)
0.77×
P/S (TTM)
0.83×
EV / EBITDA
4.21×
Earnings yield
8.30%
Free cash flow yield
-5.40%
Dividend yield
0.00%

Profitability & efficiency

Gross margin
49.03%
Operating margin
0.36%
Net margin
-29.63%
Return on equity
5.36%
Return on assets
4.06%
Return on invested capital
4.65%

Financial health

Debt / equity
0.1×
Current ratio
2.16×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends46%32%18%3%Gross margin, FY2021: 42.69%Gross margin, FY2022: 22.15%Gross margin, FY2023: 35.34%Gross margin, FY2024: 31.33%Gross margin, FY2025: 27.08%Operating margin, FY2021: 11.69%Operating margin, FY2022: 23.70%Operating margin, FY2023: 23.65%Operating margin, FY2024: 19.99%Operating margin, FY2025: 10.96%Net margin, FY2021: 11.84%Net margin, FY2022: 33.02%Net margin, FY2023: 20.60%Net margin, FY2024: 11.42%Net margin, FY2025: 7.04%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 42.69%. Gross margin FY2022 22.15%. Gross margin FY2023 35.34%. Gross margin FY2024 31.33%. Gross margin FY2025 27.08%. Operating margin FY2021 11.69%. Operating margin FY2022 23.70%. Operating margin FY2023 23.65%. Operating margin FY2024 19.99%. Operating margin FY2025 10.96%. Net margin FY2021 11.84%. Net margin FY2022 33.02%. Net margin FY2023 20.60%. Net margin FY2024 11.42%. Net margin FY2025 7.04%.

Income trends

Revenue

50.98M USD+12.38%

Operating income

5.59M USD-38.36%

Net income

3.59M USD-30.78%
Income trends across reported periods66.3M USD43.29M USD20.27M USD−2.74M USDRevenue, FY2021: 25.79M USDRevenue, FY2022: 46.91M USDRevenue, FY2023: 60.55M USDRevenue, FY2024: 45.36M USDRevenue, FY2025: 50.98M USDOperating income, FY2021: 3.01M USDOperating income, FY2022: 11.12M USDOperating income, FY2023: 14.32M USDOperating income, FY2024: 9.07M USDOperating income, FY2025: 5.59M USDNet income, FY2021: 3.05M USDNet income, FY2022: 15.49M USDNet income, FY2023: 12.48M USDNet income, FY2024: 5.18M USDNet income, FY2025: 3.59M USDFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 25.79M USD. Revenue FY2022 46.91M USD. Revenue FY2023 60.55M USD. Revenue FY2024 45.36M USD. Revenue FY2025 50.98M USD. Operating income FY2021 3.01M USD. Operating income FY2022 11.12M USD. Operating income FY2023 14.32M USD. Operating income FY2024 9.07M USD. Operating income FY2025 5.59M USD. Net income FY2021 3.05M USD. Net income FY2022 15.49M USD. Net income FY2023 12.48M USD. Net income FY2024 5.18M USD. Net income FY2025 3.59M USD.
Metric (USD)FY2025FY2024FY2023FY2022FY2021
Revenue50.98M USD45.36M USD60.55M USD46.91M USD25.79M USD
Cost of goods sold37.17M USD31.15M USD39.15M USD36.52M USD14.78M USD
Gross profit13.8M USD14.21M USD21.39M USD10.39M USD11.01M USD
Selling, general, and administrative7.76M USD7.5M USD7.09M USD5.71M USD8.06M USD
Operating expenses8.22M USD5.15M USD7.08M USD−728K USD8M USD
Interest income134K USD————
Interest expense—93K USD324K USD113K USD22K USD
Depreciation and amortization1.16M USD1.25M USD514K USD536K USD460K USD
Operating income5.59M USD9.07M USD14.32M USD11.12M USD3.01M USD
Net income3.59M USD5.18M USD12.48M USD15.49M USD3.05M USD

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
9%
1 beat, 8 misses, 2 met estimates
Average EPS surprise
-146.28%
11 comparable reports
Latest EPS result
-0.46
Estimate 0.04 · Miss by 1326.67%

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.09-0.11-0.3-0.5Q1 '25MissQ2 '25MissQ3 '25MetQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 13, 2025: actual -0.01, estimate 0.05, surprise -120.00%, Miss. Q2 2025, reported May 8, 2025: actual 0.03, estimate 0.04, surprise -25.00%, Miss. Q3 2025, reported Aug 7, 2025: actual 0.05, estimate 0.05, surprise 0.00%, Met estimate. Q4 2025, reported Nov 6, 2025: actual 0.02, estimate 0.05, surprise -60.00%, Miss. Q1 2026, reported Mar 12, 2026: actual 0.01, estimate 0.033, surprise -69.23%, Miss. Q2 2026, reported May 7, 2026: actual 0.02, estimate 0.028, surprise -27.27%, Miss. Q3 2026, reported Aug 13, 2026: actual -0.46, estimate 0.038, surprise -1326.67%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 0.028, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates14.88M13.32M11.76M10.19MQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25MissQ1 '26MissQ2 '26MissQ3 '26MissQ4 '26Estimate
Q1 2025, reported Mar 13, 2025: actual 10.77M USD, estimate 12.3M USD, surprise -12.43%, Miss. Q2 2025, reported May 8, 2025: actual 13.46M USD, estimate 11.91M USD, surprise +13.00%, Beat. Q3 2025, reported Aug 7, 2025: actual 14.3M USD, estimate 12.38M USD, surprise +15.59%, Beat. Q4 2025, reported Nov 6, 2025: actual 11.36M USD, estimate 12.89M USD, surprise -11.85%, Miss. Q1 2026, reported Mar 12, 2026: actual 11.86M USD, estimate 12.89M USD, surprise -8.00%, Miss. Q2 2026, reported May 7, 2026: actual 12.73M USD, estimate 13.49M USD, surprise -5.65%, Miss. Q3 2026, reported Aug 13, 2026: actual 12.27M USD, estimate 13.29M USD, surprise -7.71%, Miss. Q4 2026, reported Nov 5, 2026: actual —, estimate 12.94M USD, surprise —, Comparison unavailable.

Analyst ratings

Third-party consensus; not a GoAI recommendation.

Rating distribution

3 ratings

Limited analyst sample: 3 ratings. Interpret the distribution with caution.

Strong buy00%
Buy3100%
Hold00%
Sell00%
Strong sell00%

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ETFs holding HGBL

Funds reporting this stock among their holdings, ordered by reported position size.

Vanguard Morningstar Total Stock Market ETF logoVanguard Morningstar Total Stock Market ETFVTI
Market value
1.03M
Weight
0.00%
AUM
2.3T USD
Expense ratio
0.03%
Price / 1D
$378.24+0.44%
Vanguard Extended Market ETF logoVanguard Extended Market ETFVXF
Market value
372.54K
Weight
0.00%
AUM
93.7B USD
Expense ratio
0.05%
Price / 1D
$245.53+0.82%
iShares Micro-Cap ETF logoiShares Micro-Cap ETFIWC
Market value
115.33K
Weight
0.01%
AUM
1.53B USD
Expense ratio
0.60%
Price / 1D
$198.39+1.10%
U.S. Micro Cap Portfolio ETF logoU.S. Micro Cap Portfolio ETFDFMC
Market value
57.99K
Weight
0.00%
AUM
8.06B USD
Expense ratio
0.43%
Price / 1D
$60.95+0.73%
Dimensional - US Core Equity 2 ETF logoDimensional - US Core Equity 2 ETFDFAC
Market value
51.67K
Weight
0.00%
AUM
49.31B USD
Expense ratio
0.17%
Price / 1D
$45.61+0.46%

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