HGBL · Heritage Global Inc.
Heritage Global Inc (HGBL)
What's happening
- HGBL is up 0.00% today, trading at $1.28. — Live quote
- Volume today (400) is well below its 3-month average of 162,760. (Finnhub fundamentals)
- Reports earnings on 2026-11-05, 14 days away. (Finnhub earnings calendar)
- Last quarter's EPS beat estimates: $0.06 actual vs. $0.03 estimated (+76.5%). (Finnhub earnings history)
Deterministic template sentences filled in from the same sourced figures shown elsewhere on this page -- not an AI-written summary, no live model call.
Key Statistics
Analyst Recommendations
Aggregate ratings for 2026-10-01 (10 analysts polled by Finnhub) — consensus count.
Performance Overview (Trailing returns vs S&P 500 benchmark)
Earnings Trends (Quarterly EPS Actual vs Estimate)
Valuation Measures & Ratios
Quarterly history (5 periods)
| Measure | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 |
|---|---|---|---|---|---|
| Market cap | $42.3M | $49.1M | $49.1M | $73.3M | $77.0M |
| P/E | -3.27 | 12.27 | 11.23 | 11.66 | 11.93 |
| Price/Sales | 0.84 | 0.95 | 0.99 | 1.46 | 1.60 |
| Price/Book | 0.82 | 0.72 | 0.74 | 1.12 | 1.18 |
| EV/Revenue | 0.66 | 0.80 | 0.68 | 1.15 | 1.30 |
| ROE | -24.94% | 5.91% | 6.58% | 9.57% | 9.86% |
| ROA | -18.40% | 4.71% | 5.06% | 7.17% | 7.44% |
Trailing-twelve-month ratios computed from SEC EDGAR quarterly figures and historical daily close prices (Alpaca). Diluted shares are derived from Net income ÷ EPS (diluted) for each quarter, not separately reported. Forward P/E/PEG unavailable (no free data source).
Glossary — what these abbreviations mean
- 1. TTM
- Trailing twelve months — the sum of the last four reported quarters, not a calendar year or the single latest quarter.
- 2. EPS
- Earnings per share — net income divided by diluted shares outstanding.
- 3. Beta
- A stock's historical volatility relative to the overall market. Above 1 means it has moved more than the market; below 1, less.
- 4. EV (Enterprise Value)
- Market cap plus total debt minus cash — roughly what it would cost to buy the whole company, debt included.
- 5. Forward P/E
- Price divided by analysts' estimated earnings for the next 12 months, instead of trailing actual earnings.
- 6. PEG Ratio
- P/E divided by expected earnings growth rate. A lower number can indicate a stock is cheap relative to how fast it's expected to grow.
- 7. Price / Book
- Share price divided by book value (assets minus liabilities) per share.
- 8. ROE
- Return on equity — net income divided by shareholders' equity, a measure of how efficiently a company turns equity into profit.
- 9. ROA
- Return on assets — net income divided by total assets, a measure of how efficiently a company turns assets into profit.
- 10. MRQ
- Most recent quarter — the single latest reported period, as opposed to TTM. The Financials section's "Quarterly" view below shows MRQ-style figures.
- 11. YoY
- Year over year — percent change versus the same period one year earlier, used for growth figures like those on Compare cards and the Screener.
Short Interest
Source: FINRA Rule 4560 consolidated short interest, settlement date 2026-09-30. Reported bi-monthly with a reporting lag — not real-time.
Quotes and the 1-day extended-hours chart: Yahoo Finance. Longer historical charts: Alpaca (IEX feed) — real-time but IEX-only volume (~2.5% of consolidated market volume). Fundamentals + earnings: Finnhub.
Price history
Drag horizontally to zoom into a section; use Reset view to restore all observations.
Technical signal summary
Calculating from the latest year of daily price history…
Show Technical Analysis Breakdown ▾ 10 Indicators
Not investment advice — read several signals together.
Indicators None active
History limited by data provider; markers are heuristics, not signals.
Peer and sector context
Balanced evidence
A deterministic summary of sourced facts—not an AI verdict.
Potential strengths
- Latest SEC filing is Form 4, filed 2026-10-02; review it for current changes and risks. SEC EDGAR ↗
Potential concerns
- Revenue growth is -14.2% on the provider's reported measure. Finnhub fundamentals ↗
- Net profit margin is -29.6%. Finnhub fundamentals ↗
- Trailing 52-week price return is -16.3%. Finnhub market metrics ↗
Rule-based facts only; absence from either side is not evidence, and this is not a recommendation.
More on HGBL
No accessible free API for these — links go to the source directly.
Financials
Fundamental trends
Visualized from the same SEC figures in the tables below.
Income statement
| Line item | Jun '26 | Mar '26 | Sep '25 | Jun '25 | Mar '25 | Sep '24 | Jun '24 | Mar '24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $12.3M | $12.7M | $11.4M | $14.3M | $13.5M | $10.4M | $12.0M | $12.2M |
| Operating income | -$20.9M | $1.0M | $1.3M | $2.2M | $1.4M | $1.5M | $3.5M | $2.6M |
| Net income | -$15.9M | $717.0K | $585.0K | $1.6M | $1.1M | $1.1M | $2.5M | $1.8M |
| EPS (diluted) | $-0.46 | $0.02 | $0.02 | $0.05 | $0.03 | $0.03 | $0.07 | $0.05 |
| EPS (basic) | $-0.46 | $0.02 | $0.02 | $0.05 | $0.03 | $0.03 | $0.07 | $0.05 |
| Operating margin | -$170 | $8 | $11 | $16 | $10 | $14 | $29 | $21 |
| Net margin | -$130 | $6 | $5 | $11 | $8 | $10 | $21 | $15 |
Balance sheet
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Total assets | $70.4M | $85.0M | $88.4M | $86.5M | $87.7M | $86.7M | $81.3M | $88.5M |
| Total liabilities | $18.5M | $17.2M | $21.5M | $20.0M | $22.0M | $21.3M | $16.1M | $22.4M |
| Stockholders' equity | $51.9M | $67.8M | $67.0M | $66.5M | $65.7M | $65.4M | $65.2M | $66.1M |
| Total current assets | $23.0M | $23.8M | $33.6M | $31.8M | $32.1M | $29.5M | $33.1M | $37.0M |
| Total current liabilities | $13.6M | $12.2M | $15.5M | $13.9M | $15.7M | $14.8M | $14.6M | $20.7M |
| Cash & equivalents | $13.2M | $11.6M | $20.5M | $19.4M | $19.8M | $18.8M | $21.7M | $26.6M |
| Accounts receivable | $2.5M | $1.7M | $1.9M | $1.8M | $2.2M | $1.7M | $1.6M | $877.0K |
| Inventory | $5.5M | $5.3M | $5.9M | $5.6M | $5.6M | $5.1M | $5.3M | $4.7M |
| Other current assets | — | — | — | — | — | — | — | — |
| Property, plant & equipment | $12.2M | $12.0M | $10.9M | $9.5M | $9.1M | $9.0M | $1.6M | $1.7M |
| Goodwill | $12.7M | $12.7M | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M |
| Intangible assets | $6.0M | $6.1M | $3.1M | $3.2M | $3.2M | $3.3M | $3.4M | $3.5M |
| Other non-current assets | $882.0K | $935.0K | $1.5M | $1.6M | $1.6M | $1.6M | $64.0K | $64.0K |
| Deferred revenue (current) | — | — | — | — | — | — | $550.0K | — |
| Short-term debt | — | — | — | — | — | — | — | — |
| Other current liabilities | $677.0K | $896.0K | $948.0K | — | — | — | $550.0K | — |
| Long-term debt | $4.1M | $4.1M | — | $4.1M | $4.2M | $4.4M | — | — |
| Other non-current liabilities | $277.0K | $295.0K | $1.0M | $1.1M | $1.1M | $1.1M | $0 | — |
| Common stock & paid-in capital | $377.0K | $377.0K | $376.0K | $376.0K | $376.0K | $376.0K | $374.0K | $373.0K |
| Retained earnings | -$239.4M | -$223.5M | -$224.3M | -$224.6M | -$225.1M | -$226.8M | -$227.8M | -$227.6M |
| Accumulated other comprehensive income (loss) | — | — | — | — | — | — | — | — |
Cash flow
| Line item | Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $1.6M | -$2.7M | $1.6M | $61.0K | $1.9M | $2.6M | -$5.5M | $5.5M |
| Investing cash flow | $155.0K | -$5.4M | -$471.0K | -$339.0K | $896.0K | -$9.5M | $2.0M | $3.4M |
| Financing cash flow | -$159.0K | -$875.0K | -$21.0K | -$134.0K | -$1.7M | $3.9M | -$1.3M | -$6.9M |
| Free cash flow | $1.4M | -$3.2M | $971.0K | -$233.0K | $1.7M | -$4.8M | -$5.5M | $5.5M |
| Capital expenditures | $209.0K | $562.0K | $609.0K | $294.0K | $159.0K | $7.4M | $3.0K | $35.0K |
| Depreciation & amortization | — | — | — | — | — | — | — | — |
| Share-based compensation | $171.0K | $211.0K | $187.0K | $204.0K | $229.0K | $280.0K | $452.0K | $283.0K |
| Deferred income taxes | -$4.9M | -$84.0K | $427.0K | $624.0K | $270.0K | $285.0K | $1.7M | $419.0K |
| Change in accounts receivable | $783.0K | -$134.0K | $40.0K | -$330.0K | $511.0K | $101.0K | $681.0K | -$172.0K |
| Change in inventory | $118.0K | -$583.0K | $320.0K | -$15.0K | $545.0K | -$267.0K | $627.0K | $436.0K |
| Share repurchases | $134.0K | $141.0K | $0 | $0 | $1.6M | $1.0M | $1.1M | $1.1M |
| Tax withholding on stock comp | $7.0K | $0 | $0 | $0 | $1.0K | $79.0K | $36.0K | $0 |
| Other financing activities | — | — | — | — | — | — | — | — |
Income statement
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Revenue | $51.0M | $45.4M | $60.5M | $46.9M | $25.8M |
| Operating income | $5.7M | $9.1M | $14.3M | $11.1M | $3.0M |
| Net income | $3.6M | $5.2M | $12.5M | $15.5M | $3.1M |
| EPS (diluted) | $0.10 | $0.14 | $0.33 | $0.42 | $0.08 |
| EPS (basic) | $0.10 | $0.14 | $0.34 | $0.43 | $0.09 |
| Operating margin | $11 | $20 | $24 | $24 | $12 |
| Net margin | $7 | $11 | $21 | $33 | $12 |
Balance sheet
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Total assets | $88.4M | $81.3M | $83.2M | $67.6M | $50.5M |
| Total liabilities | $21.5M | $16.1M | $22.1M | $19.3M | $17.8M |
| Stockholders' equity | $67.0M | $65.2M | $61.1M | $48.3M | $32.6M |
| Total current assets | $33.6M | $33.1M | $26.3M | $23.9M | $23.3M |
| Total current liabilities | $15.5M | $14.6M | $14.7M | $16.2M | $14.2M |
| Cash & equivalents | $20.5M | $21.7M | $12.3M | $12.7M | $13.6M |
| Accounts receivable | $1.9M | $1.6M | $1.9M | $988.0K | $2.7M |
| Inventory | $5.9M | $5.3M | $5.1M | $4.6M | $3.2M |
| Other current assets | — | — | — | — | — |
| Property, plant & equipment | $10.9M | $1.6M | $1.7M | $1.6M | $1.5M |
| Goodwill | $7.4M | $7.4M | $7.4M | $7.4M | $7.4M |
| Intangible assets | $3.1M | $3.4M | $3.8M | $4.1M | $4.6M |
| Other non-current assets | $1.5M | $64.0K | $67.0K | $64.0K | $49.0K |
| Deferred revenue (current) | — | $550.0K | $497.0K | $279.0K | $407.0K |
| Short-term debt | — | — | — | — | — |
| Other current liabilities | $948.0K | $550.0K | — | — | — |
| Long-term debt | — | — | $7.2M | — | — |
| Other non-current liabilities | $1.0M | $0 | — | — | — |
| Common stock & paid-in capital | $376.0K | $374.0K | $372.0K | $369.0K | $366.0K |
| Retained earnings | -$224.3M | -$227.8M | -$233.0M | -$245.3M | -$260.8M |
| Accumulated other comprehensive income (loss) | — | — | — | — | $0 |
Cash flow
| Line item | Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 |
|---|---|---|---|---|---|
| Operating cash flow | $6.1M | $7.7M | $13.0M | $6.5M | -$2.6M |
| Investing cash flow | -$9.4M | $10.9M | -$15.9M | -$7.5M | -$10.2M |
| Financing cash flow | $2.0M | -$9.1M | $2.5M | $78.0K | $3.1M |
| Free cash flow | -$2.3M | $7.6M | $12.8M | $6.3M | -$4.1M |
| Capital expenditures | $8.5M | $137.0K | $257.0K | $215.0K | $1.4M |
| Depreciation & amortization | — | — | — | — | — |
| Share-based compensation | $900.0K | $1.3M | $776.0K | $540.0K | $408.0K |
| Deferred income taxes | $1.6M | $3.1M | $418.0K | -$5.0M | -$86.0K |
| Change in accounts receivable | $322.0K | -$351.0K | $931.0K | -$1.7M | $826.0K |
| Change in inventory | $583.0K | $274.0K | $455.0K | $1.4M | $2.5M |
| Share repurchases | $2.6M | $2.2M | $400.0K | $395.0K | $0 |
| Tax withholding on stock comp | $80.0K | $117.0K | $122.0K | $44.0K | $987.0K |
Source: SEC EDGAR XBRL filings (10-Q/10-K), as originally tagged by the company. Quarterly cash flow is reconstructed by de-cumulating fiscal-year-to-date figures (how cash flow is tagged in 10-Qs); other quarterly lines are reported directly.
Institutional holders
SEC Form 13F filers holding HGBL as of the latest reported quarter. 13F only covers investment managers with $100M+ in assets — this is not a complete ownership picture, and does not include insiders (see Recent SEC filings below) or non-13F-eligible holders.
Insider activity
Directors, officers, and 10%+ owners' reported transactions from SEC Form 4. A filing reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR Form 4 filings · checked 25 most recent filings · covers 2025-03-25 to 2026-10-01
Recent transactions
- Insiders have net bought 107,266 shares over the last 182 days, across 5 purchases and 4 sales.
- Most recent: Sklar James Edward (EVP, Gen Counsel & Secretary) — Open market sale of 2,500 shares on 2026-10-01.
Deterministic template sentences filled in from the SEC Form 4 figures in the tables below -- not an AI-written summary, no live model call.
Insider purchases & sales, last 6 months
Counts only open-market purchases (code P) and sales (code S) — grants, option exercises, tax withholding, and gifts are excluded since they aren't a market buy/sell decision.
Insider roster
| Name | Title | Most Recent Transaction | Date | Shares |
|---|---|---|---|---|
| Sklar James Edward | EVP, Gen Counsel & Secretary | Open market sale | 2026-10-01 | 2,500 |
| DOVE ROSS | CEO | Open market sale | 2026-09-25 | 300,000 |
| Burnham William L | Reporting person | Open market purchase | 2026-09-25 | 300,000 |
| COBB BRIAN J. | CFO | Open market purchase | 2026-08-20 | 20,000 |
| Hounsell Bruce Kenneth | President, Heritage DebtX LLC | Open market purchase | 2026-08-17 | 10,000 |
| Dove Nicholas Kirk | President, Industrial Assets | Open market purchase | 2026-08-17 | 60,000 |
| Ludwig Thomas Van | President, NLEX | Option exercise | 2026-05-14 | 31,875 |
| Sharpe Kelly S | Reporting person | Grant / award | 2026-03-05 | 20,000 |
| SHIMER SAMUEL L | Reporting person | Grant / award | 2026-03-05 | 20,000 |
| Hexner Michael | Reporting person | Grant / award | 2026-03-05 | 20,000 |
| Sinsley Barbara A | Reporting person | Grant / award | 2026-03-05 | 20,000 |
Recent transactions
| Date | Insider | Title | Transaction | Shares | Price |
|---|---|---|---|---|---|
| 2026-10-01 | Sklar James Edward | EVP, Gen Counsel & Secretary | Open market sale | 2,500 | $1.27 |
| 2026-09-25 | DOVE ROSS | CEO | Open market sale | 300,000 | $1.33 |
| 2026-09-25 | Burnham William L | Reporting person | Open market purchase | 300,000 | $1.33 |
| 2026-09-01 | Sklar James Edward | EVP, Gen Counsel & Secretary | Open market sale | 2,500 | $1.27 |
| 2026-08-20 | COBB BRIAN J. | CFO | Open market purchase | 20,000 | $1.10 |
| 2026-08-17 | Hounsell Bruce Kenneth | President, Heritage DebtX LLC | Open market purchase | 10,000 | $1.14 |
| 2026-08-17 | Dove Nicholas Kirk | President, Industrial Assets | Open market purchase | 60,000 | $1.10 |
| 2026-05-21 | Dove Nicholas Kirk | President, Industrial Assets | Open market purchase | 26,000 | $1.22 |
| 2026-05-14 | Ludwig Thomas Van | President, NLEX | Option exercise | 31,875 | $0.70 |
| 2026-05-14 | Ludwig Thomas Van | President, NLEX | Tax withholding | 23,919 | $1.22 |
| 2026-05-01 | Sklar James Edward | EVP, Gen Counsel & Secretary | Open market sale | 3,734 | $1.33 |
| 2026-04-01 | Sklar James Edward | EVP, Gen Counsel & Secretary | Open market sale | 3,734 | $1.35 |
| 2026-03-05 | Sharpe Kelly S | Reporting person | Grant / award | 20,000 | $0.00 |
| 2026-03-05 | SHIMER SAMUEL L | Reporting person | Grant / award | 20,000 | $0.00 |
| 2026-03-05 | Hexner Michael | Reporting person | Grant / award | 20,000 | $0.00 |
| 2026-03-05 | Sinsley Barbara A | Reporting person | Grant / award | 20,000 | $0.00 |
| 2026-03-05 | Burnham William L | Reporting person | Grant / award | 20,000 | $0.00 |
| 2026-03-02 | Sklar James Edward | EVP, Gen Counsel & Secretary | Open market sale | 3,734 | $1.30 |
| 2026-02-02 | Sklar James Edward | EVP, Gen Counsel & Secretary | Open market sale | 3,734 | $1.37 |
| 2026-01-02 | Sklar James Edward | EVP, Gen Counsel & Secretary | Open market sale | 3,734 | $1.23 |
| 2025-12-01 | Sklar James Edward | EVP, Gen Counsel & Secretary | Open market sale | 3,734 | $1.31 |
| 2025-11-03 | Sklar James Edward | EVP, Gen Counsel & Secretary | Open market sale | 3,734 | $1.43 |
| 2025-10-01 | Sklar James Edward | EVP, Gen Counsel & Secretary | Open market sale | 7,468 | $1.63 |
| 2025-03-25 | COBB BRIAN J. | CFO | Tax withholding | 6,408 | $2.11 |
| 2025-03-25 | Sklar James Edward | EVP, Gen Counsel & Secretary | Tax withholding | 4,727 | $2.11 |
| 2025-03-25 | DOVE ROSS | CEO | Tax withholding | 25,094 | $2.11 |
Recent SEC filings
Official company reports and insider transaction filings. Form 4 reports a transaction; it does not by itself explain why it happened.
Source: SEC EDGAR submissions · updated 2026-10-22 08:06 UTC
| Filed | Form | Report period | Official filing |
|---|---|---|---|
| 2026-10-02 | 4 | 2026-10-01 | View on SEC.gov → |
| 2026-09-29 | 4 | 2026-09-25 | View on SEC.gov → |
| 2026-09-29 | 4 | 2026-09-25 | View on SEC.gov → |
| 2026-09-22 | 8-K | 2026-09-21 | View on SEC.gov → |
| 2026-09-02 | 4 | 2026-09-01 | View on SEC.gov → |
| 2026-08-20 | 4 | 2026-08-20 | View on SEC.gov → |
| 2026-08-17 | 4 | 2026-08-17 | View on SEC.gov → |
| 2026-08-17 | 4 | 2026-08-17 | View on SEC.gov → |
| 2026-08-13 | 10-Q | 2026-06-30 | View on SEC.gov → |
| 2026-08-03 | 8-K | 2026-08-03 | View on SEC.gov → |
| 2026-07-31 | 8-K | 2026-07-31 | View on SEC.gov → |
| 2026-06-04 | 8-K | 2026-06-03 | View on SEC.gov → |
Recent news
Headlines about HGBL (Heritage Global Inc.). Links open the publisher — we don’t host full articles.
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Yahoo! Finance Canada · 2026-10-22 -
Heritage Global schedules November 5 results for Heritage Global stock
AD HOC NEWS · 2026-10-20 -
Form 144 HERITAGE GLOBAL INC. For: 18 October By Investing.com
Investing.com India · 2026-10-19 -
Heritage Global stock rose 4.00 percent to USD 1.30 on October 16, 2026
AD HOC NEWS · 2026-10-17 -
Heritage Global Partners to Conduct Two Massive Online Auctions of Wren Manufacturing’s Pennsylvania Plants
Yahoo Finance · 2026-08-31 -
Heritage Global Inc. Q2 2026 Earnings Call Summary
Yahoo Finance · 2026-08-14 -
Heritage Global Inc (HGBL) (Q2 2026) Earnings Call Highlights: Strategic Wind-Down Drives Major ...
Yahoo Finance · 2026-08-14 -
Heritage Global Inc. (HGBL) Q2 2026 Earnings Call Transcript
Seeking Alpha · 2026-08-13
No headlines in this category right now — try “All”.