# Heritage Global Inc.: overview HGBL · Nasdaq · CIK 849145 · [Industrials](/sectors/industrials.md) · fiscal year ends Dec 31 Pages: [Overview](/companies/hgbl.md) · [Financials](/companies/hgbl/financials.md) · [Filings](/companies/hgbl/filings.md) · [Insiders](/companies/hgbl/insiders.md) Latest reported revenue: [$12.3m](/filings/0001193125-26-349109.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 13, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001193125-26-349109). ## Last eight quarters | Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) | | --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [10.4](/filings/0001193125-25-269427.md) | [10.8 d](/filings/0001193125-26-104062.md) | [13.5](/filings/0001193125-26-211813.md) | [14.3](/filings/0001193125-26-349109.md) | [11.4](/filings/0001193125-25-269427.md) | [11.9 d](/filings/0001193125-26-104062.md) | [12.7](/filings/0001193125-26-211813.md) | [12.3](/filings/0001193125-26-349109.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [14.2%](/filings/0001193125-25-269427.md) | [13.8% d](/filings/0001193125-26-104062.md) | [10.4%](/filings/0001193125-26-211813.md) | [15.6%](/filings/0001193125-26-349109.md) | [11.5%](/filings/0001193125-25-269427.md) | [6.5% d](/filings/0001193125-26-104062.md) | [7.9%](/filings/0001193125-26-211813.md) | [(170.5%)](/filings/0001193125-26-349109.md) | | Net margin | % | [10.5%](/filings/0001193125-25-269427.md) | [(1.9%) d](/filings/0001193125-26-104062.md) | [7.9%](/filings/0001193125-26-349109.md) | [11.4%](/filings/0001193125-26-349109.md) | [5.1%](/filings/0001193125-25-269427.md) | [2.5% d](/filings/0001193125-26-104062.md) | [5.6%](/filings/0001193125-26-349109.md) | [(129.5%)](/filings/0001193125-26-349109.md) | | Diluted EPS | $ per share | [0.03](/filings/0001193125-25-269427.md) | not reported | [0.03](/filings/0001193125-26-211813.md) | [0.05](/filings/0001193125-26-349109.md) | [0.02](/filings/0001193125-25-269427.md) | not reported | [0.02](/filings/0001193125-26-211813.md) | [(0.46)](/filings/0001193125-26-349109.md) | | Free cash flow | $m | [5.5 d](/filings/0001193125-25-269427.md) | [(5.5) d](/filings/0001193125-26-104062.md) | [(4.8)](/filings/0001193125-26-211813.md) | [1.7 d](/filings/0001193125-26-349109.md) | [(0.2) d](/filings/0001193125-25-269427.md) | [1.0 d](/filings/0001193125-26-104062.md) | [(3.2)](/filings/0001193125-26-211813.md) | [1.4 d](/filings/0001193125-26-349109.md) | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure. ## Last five fiscal years | Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) | | --- | --- | ---: | ---: | ---: | ---: | ---: | | Revenue | $m | [25.8](/filings/0000950170-24-012268.md) | [46.9](/filings/0000950170-24-031436.md) | [60.5](/filings/0000950170-25-038691.md) | [45.4](/filings/0001193125-26-104062.md) | [51.0](/filings/0001193125-26-104062.md) | | Gross margin | % | not reported | not reported | not reported | not reported | not reported | | Operating margin | % | [11.7%](/filings/0000950170-24-012268.md) | [23.7%](/filings/0000950170-24-031436.md) | [23.7%](/filings/0000950170-25-038691.md) | [20.0%](/filings/0001193125-26-104062.md) | [11.2%](/filings/0001193125-26-104062.md) | | Net margin | % | [11.8%](/filings/0000950170-24-012268.md) | [33.0%](/filings/0000950170-24-031436.md) | [20.6%](/filings/0000950170-25-038691.md) | [11.4%](/filings/0001193125-26-104062.md) | [7.0%](/filings/0001193125-26-104062.md) | | Diluted EPS | $ per share | [0.08](/filings/0000950170-24-012268.md) | [0.42](/filings/0000950170-24-031436.md) | [0.33](/filings/0000950170-25-038691.md) | [0.14](/filings/0001193125-26-104062.md) | [0.10](/filings/0001193125-26-104062.md) | | Free cash flow | $m | [(4.1)](/filings/0000950170-24-012268.md) | [6.3](/filings/0000950170-24-031436.md) | [12.8](/filings/0000950170-25-038691.md) | [7.6](/filings/0001193125-26-104062.md) | [(2.3)](/filings/0001193125-26-104062.md) | - Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Gross margin (gross profit / revenue). XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. - Diluted EPS. XBRL Diluted EPS: us-gaap:EarningsPerShareDiluted. - Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment. Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing. ## Insider purchases and sales The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/hgbl/insiders.md) None in coverage. ## Funds that report holding it From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md) | Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before | | --- | --- | ---: | ---: | --- | --- | | [Mink Brook Asset Management LLC](/funds/2052205.md) | 2026-06-30 | $2.8m | 2,273,077 | | Added +34,821 | | [PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC.](/funds/1238990.md) | 2026-06-30 | $2.4m | 2,021,458 | | Reduced −222,690 | | [Topline Capital Management, LLC](/funds/1792549.md) | 2026-06-30 | $2.2m | 1,785,488 | | Unchanged | | [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $1.7m | 1,393,638 | | Reduced −263,909 | | [Truffle Hound Capital, LLC](/funds/1595862.md) | 2026-06-30 | $1.3m | 1,100,000 | | Unchanged | | [Koshinski Asset Management, Inc.](/funds/1633389.md) | 2026-06-30 | $1.1m | 917,304 | | Unchanged | | [Militia Capital Management LLC](/funds/2130487.md) | 2026-06-30 | $682.3k | 563,873 | | Unchanged | | [GEODE CAPITAL MANAGEMENT, LLC](/funds/1214717.md) | 2026-06-30 | $434.9k | 359,349 | | Added +17,215 | | [RENAISSANCE TECHNOLOGIES LLC](/funds/1037389.md) | 2026-06-30 | $302.0k | 249,617 | | Added +5,300 | | [Ridgewood Investments LLC](/funds/1703556.md) | 2026-06-30 | $268.8k | 222,165 | | Reduced −15,000 | ## Recent filings [All 591 filings](/companies/hgbl/filings.md) | Filed | Accepted | Form | What it is | Accession | | --- | --- | --- | --- | --- | | 2026-09-29 | 01:01 ET | [SCHEDULE 13D/A](/filings/0001193125-26-408045.md) | Ownership report, active investor, amended | 0001193125-26-408045 | | 2026-09-22 | 20:00 ET | [8-K](/filings/0001193125-26-397864.md) | 1.01 Entry into a material agreement; 2.03 New direct financial obligation | 0001193125-26-397864 | | 2026-08-13 | 20:00 ET | [10-Q](/filings/0001193125-26-349109.md) | Quarterly report, period 2026-06-30 | 0001193125-26-349109 | | 2026-08-03 | 13:00 ET | [8-K](/filings/0001193125-26-329644.md) | 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-329644 | | 2026-07-31 | 20:00 ET | [8-K](/filings/0001193125-26-328342.md) | 2.05 Exit or disposal costs; 2.06 Material impairments; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-328342 | | 2026-06-04 | 20:00 ET | [8-K](/filings/0001193125-26-257339.md) | 5.07 Shareholder vote results | 0001193125-26-257339 | | 2026-05-07 | 20:00 ET | [10-Q](/filings/0001193125-26-211813.md) | Quarterly report, period 2026-03-31 | 0001193125-26-211813 | | 2026-04-21 | 20:00 ET | [DEF 14A](/filings/0001193125-26-166696.md) | Proxy statement, period 2026-04-16 | 0001193125-26-166696 | | 2026-03-12 | 20:01 ET | [10-K](/filings/0001193125-26-104062.md) | Annual report, period 2025-12-31 | 0001193125-26-104062 | | 2026-01-12 | 21:00 ET | [8-K](/filings/0001193125-26-010341.md) | 1.01 Entry into a material agreement; 2.01 Completion of an acquisition or disposition; 7.01 Regulation FD disclosure; 9.01 Financial statements and exhibits | 0001193125-26-010341 | ## Latest annual report [Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001193125-26-104062.md), filed Mar 12, 2026. ## Forecast league Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/52088d4b-f90a-4f03-a094-43f19ce87ad9) ## About the filer - CIK: 849145 - Tickers: HGBL - Exchange: Nasdaq - SIC code: 7389 Services-Business Services, NEC - State of incorporation: FL - Filer category: Non-accelerated filer
Smaller reporting company Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:26 ET. No prices; not investment advice.