Stocks Consumer discretionary HGBL
NASDAQ · Consumer discretionaryHeritage Global Inc. (HGBL)
Heritage Global Inc. brought in $48.2M of revenue over the twelve months to June 30, 2026, down 1.5% from a year earlier. It posted a net loss of $14.3M. In fiscal 2025 capital spending exceeded operating cash flow by $2.3M. At June 30, 2026 it held $13.2M in cash against $4.1M of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on August 13, 2026.
Key facts about Heritage Global Inc.
- Net worth
- Heritage Global Inc. has a market value (market cap) of $41.2M at the latest share price, and shareholders' equity of $51.9M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $51M (+12.4% year on year), with net income of $3.6M. Over the 12 months to June 30, 2026: revenue $48.2M, net loss $14.3M.
- Cash flow
- In fiscal 2025 operations brought in $6.1M of cash; after $8.5M of capital spending, free cash flow was -$2.3M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on August 13, 2026 and covers the period to June 30, 2026. Open on SEC EDGAR
- Next earnings report
- Heritage Global Inc.'s next report was expected around November 5, 2026 and is not on file with the SEC yet.
What Heritage Global Inc. does
Heritage Global Inc. is registered with the SEC under industry code SIC 7389 (Services-Business Services, NEC). Its shares trade on NASDAQ under the ticker HGBL.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $51M | $3.6M | $0.10 | -$2.3M |
| 2024 | $45.4M | $5.2M | $0.14 | $7.6M |
| 2023 | $60.5M | $12.5M | $0.33 | $12.8M |
| 2022 | $46.9M | $15.5M | $0.42 | $6.3M |
| 2021 | $25.8M | $3.1M | $0.08 | -$4.1M |
| 2020 | $26.2M | $9.7M | $0.30 | $9.1M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where HGBL ranks in Consumer discretionary
Latest SEC filings
What Heritage Global Inc. has filed recently, newest first. Each links to the original document on SEC EDGAR.
- September 29, 2026Activist stake changed SCHEDULE 13D/A
- September 22, 2026Material agreement8-KHeritage Global entered into a new $10.0 million revolving credit facility with C3bank.
- August 13, 2026Quarterly report 10-Q · period to June 30, 2026Revenue fell 14% to $12.3M versus the same quarter last year; diluted EPS -$0.46 versus $0.05.
- August 3, 2026
- July 31, 2026Asset write-down 8-K
- July 31, 2026Passive stake changed SCHEDULE 13G/A
- June 4, 2026
- May 15, 2026Passive stake changed SCHEDULE 13G/A
- May 7, 2026Quarterly report 10-Q · period to March 31, 2026Revenue fell 5.5% to $12.7M versus the same quarter last year; diluted EPS $0.02 versus $0.03.
- April 30, 2026Passive stake (5% or more) SCHEDULE 13G
Insider trades
What the people running Heritage Global Inc. did with its shares, from the Form 4 filings they must send the SEC within two business days.
Insiders bought $498.3K and sold $405.4K worth of shares in the last 90 days. 2% of the selling was pre-planned under Rule 10b5-1 trading plans.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| October 1, 2026 | Sklar James EdwardEVP, Gen Counsel & Secretary | Soldpre-planned (10b5-1) | 2,500 | $3.2K |
| September 25, 2026 | Burnham William LDirector | Boughtindirect | 300,000 | $399K |
| September 25, 2026 | Dove RossCEO, Director | Sold | 300,000 | $399K |
| September 1, 2026 | Sklar James EdwardEVP, Gen Counsel & Secretary | Soldpre-planned (10b5-1) | 2,500 | $3.2K |
| August 20, 2026 | Cobb Brian J.CFO | Bought | 20,000 | $22K |
| August 17, 2026 | Dove Nicholas KirkPresident, Industrial Assets | Bought | 60,000 | $65.9K |
| August 17, 2026 | Hounsell Bruce KennethPresident, Heritage DebtX LLC | Bought | 10,000 | $11.4K |
| May 21, 2026 | Dove Nicholas KirkPresident, Industrial Assets | Bought | 26,000 | $31.6K |
Who owns HGBL
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Punch & Associates Investment Management, Inc.13G, passive | 6.5% | May 15, 2026 |
| Mink Brook Asset Management LLC13G, passive with 4 related filers | 6.4% | April 6, 2026 |
| Ross Dove13D, may seek influence | 5.8% | September 29, 2026 |
| Topline Capital Management, LLC13G, passive with 2 related filers | 5.1% | February 10, 2025 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 36 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| Mink Brook Asset Management LLC | 2,273,077 | +34,821 |
| Punch & Associates Investment Management, Inc. | 2,021,458 | -222,690 |
| Topline Capital Management, LLC | 1,785,488 | 0 |
| Vanguard Capital Management LLC | 1,393,638 | -263,909 |
| Truffle Hound Capital, LLC | 1,100,000 | 0 |
| Koshinski Asset Management, Inc. | 917,304 | 0 |
| Militia Capital Management LLC | 563,873 | -1,127,746 |
| Geode Capital Management, LLC | 359,349 | +17,215 |
| Renaissance Technologies LLC | 249,617 | +5,300 |
| Ridgewood Investments LLC | 222,165 | -15,000 |
| Dimensional Fund Advisors LP | 179,234 | -25,310 |
| BlackRock, Inc. | 168,422 | +21,383 |
| Vanguard Fiduciary Trust Co | 167,270 | +1,222 |
| State Street Corp | 116,566 | 0 |
| Northern Trust Corp | 51,204 | +14,339 |
| Jane Street Group, LLC | 42,957 | +23,948 |
| Citadel Advisors LLC | 38,312 | new |
| Goldman Sachs Group Inc | 34,800 | -421 |
| NorthRock Partners, LLC | 34,139 | 0 |
| Wealth Enhancement Advisory Services, LLC | 25,758 | 0 |
Insiders
11 insiders reported holding 4,129,973 shares in total, about $4.9M at the last price.
| Holder | Shares |
|---|---|
| Dove RossCEO, Director | 2,021,917 |
| Burnham William LDirector | 370,000300,000 held indirectly |
| Shimer Samuel LDirector | 352,500 |
| Hexner MichaelDirector | 272,104 |
| Sklar James EdwardEVP, Gen Counsel & Secretary | 252,391 |
| Cobb Brian J.CFO | 245,353 |
| Ludwig Thomas VanPresident, NLEX | 222,608 |
| Dove Nicholas KirkPresident, Industrial Assets | 186,000 |
| Sinsley Barbara ADirector | 101,300 |
| Sharpe Kelly SDirector | 95,800 |
Questions about HGBL
What does Heritage Global Inc. do?
Heritage Global Inc. is a company in the Consumer discretionary sector, listed on NASDAQ as HGBL. Its shares trade on NASDAQ under the ticker HGBL.
What is Heritage Global Inc.'s net worth?
Heritage Global Inc. has a market value (market cap) of $41.2M at the latest share price, and shareholders' equity of $51.9M on its balance sheet at June 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Heritage Global Inc. profitable?
No. Over the twelve months to June 30, 2026 it reported a net loss of $14.3M on revenue of $48.2M.
How much revenue does Heritage Global Inc. make?
Over the twelve months to June 30, 2026 Heritage Global Inc. reported revenue of $48.2M. That is 1.5% less than a year earlier.
When did Heritage Global Inc. last report?
Its most recent periodic report is the quarterly report (10-Q) filed on August 13, 2026. It covers the period to June 30, 2026. Its newest filing of any kind is the insider trade from October 2, 2026.
When is Heritage Global Inc.'s next earnings report?
Heritage Global Inc.'s next report was expected around November 5, 2026 and is not on file with the SEC yet.
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Where the numbers come from
Financial figures are the values Heritage Global Inc. tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.