FY2025 · ended Dec 31, 2025 · Revenue $50.98M, +12.4% YoY · Filed Mar 12, 2026
Heritage Global Inc. (HGBL) files with the SEC under industry code 7389, Services-Business Services, NEC. In fiscal 2025, which ended Dec 31, 2025, it reported revenue of $51.0 million and net income of $3.6 million. Free cash flow was -$2.3 million. As of Jun 30, 2026 it held $13.2 million in cash and investments and $5.3 million in total debt.
Revenue (TTM)
$48.20M
-1.5% vs year-ago TTM
Net income (TTM)
$-14.29M
-498.2% vs year-ago TTM
Operating cash flow (TTM)
$579,000
-87.2% vs year-ago TTM
Free cash flow (TTM)
$-1.09M
+64.6% vs year-ago TTM
EPS (TTM)
$-0.41
-518.9% vs year-ago TTM
Dividend per share
None
Shares outstanding
34.74M
-2.1% vs prior year
Net cash
$7.83M
as of Jun 30, 2026
Operating margin
-37.0%
FY 2026
Company profile
- Industry
- Services-Business Services, NEC (SIC 7389)
- Listed as
- HGBL (Nasdaq)
- Fiscal year ends
- December 31
- Incorporated in
- FL
- Headquarters
- San Diego, CA
- SEC filer status
- Non-accelerated filer, Smaller reporting company
- SEC CIK
- 849145
- Former names
- Counsel RB Capital Inc. (until Aug 14, 2013); C2 Global Technologies Inc (until Dec 23, 2010); ACCERIS COMMUNICATIONS INC (until Aug 9, 2005); I LINK INC (until Dec 3, 2003); MEDCROSS INC (until Sep 8, 1997)
Other Services-Business Services, NEC companies
- Visa Inc. V
- Mastercard Inc MA
- Alibaba Group Holding Ltd BABA
- Accenture plc ACN
- Uber Technologies, Inc UBER
- PDD Holdings Inc. PDD
- Mercadolibre Inc MELI
- DoorDash, Inc. DASH
Key figures
Fiscal-year totals from the annual reports. Balance sheet lines are as of each year end.
| Line | FY 2025 Dec 31, 2025 |
FY 2024 Dec 31, 2024 |
FY 2023 Dec 31, 2023 |
FY 2022 Dec 31, 2022 |
FY 2021 Dec 31, 2021 |
|---|---|---|---|---|---|
| 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 |
| Diluted EPS | $0.10 | $0.14 | $0.33 | $0.42 | $0.08 |
| Operating cash flow | $6.1M | $7.7M | $13.0M | $6.5M | -$2.6M |
| Free cash flow | -$2.3M | $7.6M | $12.8M | $6.3M | -$4.1M |
| 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 |
| Cash and investments | $20.5M | $21.7M | $12.3M | $12.7M | $13.6M |
| Total debt | $1.6M | $2.3M | $9.9M | $2.9M | $2.8M |
Recent SEC filings
| Form | Description | Filed | Period |
|---|---|---|---|
| 8-K |
Current report
Material agreement, New debt
|
Sep 22, 2026 | Sep 21, 2026 |
| 10-Q | Quarterly report | Aug 13, 2026 | Jun 30, 2026 |
| 8-K |
Current report
Regulation FD disclosure
|
Aug 3, 2026 | Aug 3, 2026 |
| 8-K |
Current report
Exit or restructuring costs, Impairment, Regulation FD disclosure
|
Jul 31, 2026 | Jul 31, 2026 |
| 8-K |
Current report
Shareholder vote results
|
Jun 4, 2026 | Jun 3, 2026 |
| 10-Q | Quarterly report | May 7, 2026 | Mar 31, 2026 |
All 898 Heritage Global Inc. SEC filings
Source: SEC EDGAR filings. This is company-reported data, not investment advice.