Heritage Global Inc.
HGBL Nasdaq· Services-Business Services, Nec
Last close · Oct 26, 2026
$1.28
KIRA · Stoqly’s AI analyst, in plain words
- Heritage Global Inc. had $51.0M of revenue in fiscal 2025, up 12.4% on the year before. Over five years, revenue changed +14.3% a year on average.
- Its operating margin was 11.2%, down 8.8 pts: of every 100 in sales, about 11 is left after running the business.
- Heritage Global Inc. made $3.6M of net profit in fiscal 2025.
- Free cash flow was −$2.3M in fiscal 2025, −4.6% of revenue.
- Heritage Global Inc. returned $2.6M to shareholders in fiscal 2025. The diluted share count fell 4.6%.
Market cap
$44.3M
P/E
—
Revenue
$51.0M
Net income
$3.6M
Free cash flow
−$2.3M
Operating margin
11.2%
Heritage Global Inc. in 30 seconds · fiscal 2025
Are sales growing?
+12.4%
Yes. Sales grew 12.4% last year.
Does it make a profit?
7.0%
A little. It keeps 7.0% of every sale as profit.
Does profit turn into cash?
−4.6%
No. It spent more cash than it brought in.
How healthy are the accounts?
5 / 7
Mixed. It passes 5 of 7 health tests.
How is the share priced?
—
No P/E: it made no profit over the last four quarters.
What Heritage Global Inc. does
No business description yet.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Mar 12, 2026
- Legal name
- Heritage Global Inc.
- CIK
- 0000849145
Heritage Global Inc. · HGBL
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $25.8M | $46.9M | $60.5M | $45.4M | $51.0M |
| Revenue growth | −1.5% | 81.9% | 29.1% | −25.1% | 12.4% |
| Gross margin | — | — | — | — | 27.4% |
| Operating margin | 11.7% | 23.7% | 23.7% | 20.0% | 11.2% |
| Net income | $3.1M | $15.5M | $12.5M | $5.2M | $3.6M |
| Net margin | 11.8% | 33.0% | 20.6% | 11.4% | 7.0% |
| Diluted EPS | $0.08 | $0.42 | $0.33 | $0.14 | $0.10 |
| Cash | |||||
| Cash from operations | −$2.6M | $6.5M | $13.0M | $7.7M | $6.1M |
| Capital expenditure | $1.4M | $0.2M | $0.3M | $0.1M | $8.5M |
| Free cash flow | −$4.1M | $6.3M | $12.8M | $7.6M | −$2.3M |
| FCF margin | −15.7% | 13.4% | 21.1% | 16.8% | −4.6% |
| Share buybacks | $0.0M | $0.4M | $0.4M | $2.2M | $2.6M |
| Share count change | 12.8% | 0.5% | 1.3% | −1.2% | −4.6% |
| Debt and strength | |||||
| Cash and short-term investments | $13.6M | $12.7M | $12.3M | $21.7M | $20.5M |
| Debt incl. finance leases | — | — | $7.2M | — | — |
| Shareholders' equity | $32.6M | $48.3M | $61.1M | $65.2M | $67.0M |
| Net debt / EBITDA | — | — | −0.3x | — | — |
| Current ratio | 1.6x | 1.5x | 1.8x | 2.3x | 2.2x |
| Returns and quality | |||||
| Return on capital | — | — | 22.8% | — | — |
| Return on equity | 9.8% | 38.3% | 22.8% | 8.2% | 5.4% |
| Return on tangible equity | 14.8% | 42.2% | 25.0% | 9.5% | 6.4% |
| Piotroski F-score | 1 | 4 | 5 | 5 | 5 |
| Altman Z'' | −13.3 | −7.4 | −4.2 | −2.6 | −3.2 |
Insiders bought, 12 months
$0.5M
4 insiders
Insiders sold, 12 months
$0.4M
2 insiders
Of sales under plans
9%
$0.0M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Heritage Global Inc. · HGBL
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
KIRA
At $1.28 a share, the company is worth $44.3M.
Source: SEC EDGAR XBRL filings (CIK 0000849145). Data updated October 24, 2026. For information only — not investment advice. Check the original filings before relying on any figure.