NASDAQ:HGBL
Heritage Global Inc.
Heritage Global Inc.'s revenue grew 12.4% in fiscal 2025 to $51.0M while operating margin fell to 11.2%. Free cash flow was −$2.3M, −4.6% of revenue, and the diluted share count fell 4.6%.Summary generated from Heritage Global Inc.'s SEC filings. Latest annual report filed Mar 12, 2026.
Key statistics
Fiscal 2025 from SEC filings. MethodologyRevenue (FY25)$51.0M
Revenue growth+12.4%
Revenue, 5-yr CAGR+14.3%
Gross margin27.4%
Operating margin11.2%
Net margin7.0%
ROICn/a
Return on equity5.4%
Debt / equityn/a
Free cash flow−$2.3M
FCF margin−4.6%
Share count change−4.6%
Financials
| Item | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | 26 | 47 | 61 | 45 | 51 |
| Operating income | 3 | 11 | 14 | 9 | 6 |
| Net income | 3 | 15 | 12 | 5 | 4 |
| Free cash flow | −4 | 6 | 13 | 8 | −2 |
Recent filings
- 4Insider transaction report
Oct 2, 2026 - 4Insider transaction report
Sep 29, 2026 - 8-KEntry into a material agreement
Sep 22, 2026 - 10-QQuarterly report for the period ended Jun 30, 2026
Aug 13, 2026 - 8-KRegulation FD disclosure
Aug 3, 2026 - 8-KCosts of exit or disposal activities
Jul 31, 2026 - 8-KResults of a shareholder vote
Jun 4, 2026 - 10-QQuarterly report for the period ended Mar 31, 2026
May 7, 2026