Symbols / HGBL Stock $1.41 +0.00% Heritage Global Inc.

Financial Services • Capital Markets • United States • NCM
HGBL (Stock) Chart
O: — H: — L: — C: — V: —
SMA 20: — SMA 50: — SMA 200: —
Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Financial Services
Industry Capital Markets
CEO Mr. Ross M. Dove
Exch · Country NCM · United States
Market Cap 48.99M
Enterprise Value 34.18M
Income 3.59M
Sales 50.98M
FCF (ttm) -3.30M
Book/sh 1.93
Cash/sh 0.59
Employees 84
Insider 10d —
IPO Mar 23, 1993
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 14.10
Forward P/E 8.81
PEG 3.60
P/S 0.96
P/B 0.73
P/C —
EV/EBITDA 5.64
EV/Sales 0.67
Quick Ratio 1.44
Current Ratio 2.16
Debt/Eq 8.54
LT Debt/Eq —
EPS (ttm) 0.10
EPS next Y 0.16
EPS Growth —
Revenue Growth 10.10%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2026-03-12
ROA 4.11%
ROE 5.43%
ROIC —
Gross Margin 60.87%
Oper. Margin 7.29%
Profit Margin 7.04%
Shs Outstand 34.73M
Shs Float 25.73M
Insider Own 12.17%
Instit Own 39.78%
Short Float 0.34%
Short Ratio 1.22
Short Interest 102.05K
52W High 2.32
vs 52W High -39.22%
52W Low 1.13
vs 52W Low 24.78%
Beta 0.52
Impl. Vol. —
Rel Volume 0.59
Avg Volume 69.58K
Volume 40.96K
Target (mean) $3.42
Tgt Median $3.35
Tgt Low $2.50
Tgt High $4.50
# Analysts 4
Recom None
Prev Close $1.41
Price $1.41
Change 0.00%
About

Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions in the United States. It operates through three segments: Auction and Liquidation, Refurbishment and Resale, Brokerage, and Specialty Lending. The company offers a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services. It is also involved in identifying, valuing, acquiring, and monetizing underlying tangible assets. In addition, the company acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; and charged-off receivable portfolios. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was founded in 1937 and is headquartered in San Diego, California.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$3.43
Mean price target
2. Current target
$1.41
Latest analyst target
3. DCF / Fair value
$-1.71
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$1.41
Low
$2.50
High
$4.50
Mean
$3.43

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-29 main Freedom Broker Buy → Buy $3
2025-11-13 main Freedom Broker Buy → Buy $3
2025-03-14 main Lake Street Buy → Buy $4
2023-08-11 main Lake Street Buy → Buy $6
2023-05-30 init Craig-Hallum — → Buy $6
2020-10-07 init Lake Street — → Buy —
News
RSS: Latest HGBL news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-01 SKLAR JAMES EDWARD General Counsel — 3,734 $1.35 $5,041
2026-03-05 SHARPE KELLY S Director — 20,000 $0.00 $0
2026-03-05 SINSLEY BARBARA A Director — 20,000 $0.00 $0
2026-03-05 BURNHAM WILLIAM L Director — 20,000 $0.00 $0
2026-03-05 SHIMER SAMUEL LOUIS Director — 20,000 $0.00 $0
2026-03-05 HEXNER MICHAEL Director — 20,000 $0.00 $0
2026-03-02 SKLAR JAMES EDWARD General Counsel — 3,734 $1.30 $4,854
2026-02-02 SKLAR JAMES EDWARD General Counsel — 3,734 $1.37 $5,116
2026-01-02 SKLAR JAMES EDWARD General Counsel — 3,734 $1.23 $4,593
2025-12-01 SKLAR JAMES EDWARD General Counsel — 3,734 $1.31 $4,892
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
50.98
+12.38%
45.36
-25.08%
60.55
+29.06%
46.91
Operating Revenue
50.98
+12.38%
45.36
-25.08%
60.55
+29.06%
46.91
Cost Of Revenue
37.17
+19.34%
31.15
-20.44%
39.15
+7.20%
36.52
Reconciled Cost Of Revenue
36.48
+19.65%
30.49
-20.82%
38.51
+5.44%
36.52
Gross Profit
13.80
-2.87%
14.21
-33.57%
21.39
+105.87%
10.39
Operating Expense
8.22
+4.88%
7.83
-3.69%
8.13
+30.14%
6.25
Selling General And Administration
7.76
+3.38%
7.51
+5.92%
7.09
+24.08%
5.71
Selling And Marketing Expense
0.69
+13.75%
0.61
+1.16%
0.60
+34.82%
0.45
General And Administrative Expense
7.07
+2.46%
6.90
+6.37%
6.49
+23.17%
5.27
Salaries And Wages
1.39
-15.96%
1.65
+50.64%
1.10
+29.48%
0.85
Other Gand A
3.69
+8.90%
3.39
-4.80%
3.56
+25.19%
2.85
Total Expenses
45.39
+16.44%
38.98
-17.56%
47.28
+10.55%
42.77
Operating Income
5.59
-12.39%
6.38
-51.90%
13.26
+220.14%
4.14
Total Operating Income As Reported
5.71
-37.01%
9.07
-36.69%
14.32
+28.77%
11.12
EBITDA
6.75
-34.55%
10.31
-33.35%
15.47
+32.76%
11.66
Normalized EBITDA
6.75
-34.55%
10.31
-33.35%
15.47
+32.76%
11.66
Reconciled Depreciation
1.16
-6.81%
1.25
+7.96%
1.16
+115.67%
0.54
EBIT
5.59
-38.36%
9.07
-36.69%
14.32
+28.77%
11.12
Total Unusual Items
—
—
—
0.00
Total Unusual Items Excluding Goodwill
—
—
—
0.00
Special Income Charges
—
—
—
0.00
Other Special Charges
—
—
—
—
Net Income
3.59
-30.78%
5.18
-58.46%
12.47
-19.48%
15.49
Pretax Income
5.84
-34.86%
8.97
-35.88%
13.99
+27.15%
11.01
Net Non Operating Interest Income Expense
0.13
+244.09%
-0.09
+71.30%
-0.32
-186.73%
-0.11
Interest Expense Non Operating
—
0.09
-71.30%
0.32
+186.73%
0.11
Net Interest Income
0.13
+244.09%
-0.09
+71.30%
-0.32
-186.73%
-0.11
Interest Expense
—
0.09
-71.30%
0.32
+186.73%
0.11
Other Income Expense
0.12
-95.42%
2.69
+153.82%
1.06
-84.82%
6.98
Tax Provision
2.26
-40.44%
3.79
+149.41%
1.52
+133.88%
-4.49
Tax Rate For Calcs
0.00
+83.81%
0.00
+93.35%
0.00
-48.28%
0.00
Tax Effect Of Unusual Items
0.00
0.00
0.00
0.00
Net Income Including Noncontrolling Interests
3.59
-30.78%
5.18
-58.46%
12.47
-19.48%
15.49
Net Income From Continuing Operation Net Minority Interest
3.59
-30.78%
5.18
-58.46%
12.47
-19.48%
15.49
Net Income From Continuing And Discontinued Operation
3.59
-30.78%
5.18
-58.46%
12.47
-19.48%
15.49
Net Income Continuous Operations
3.59
-30.78%
5.18
-58.46%
12.47
-19.48%
15.49
Normalized Income
3.59
-30.78%
5.18
-58.46%
12.47
-19.48%
15.49
Net Income Common Stockholders
3.59
-30.78%
5.18
-58.46%
12.47
-19.48%
15.49
Diluted EPS
—
0.14
-57.58%
0.33
-21.43%
0.42
Basic EPS
—
0.14
-58.82%
0.34
-20.93%
0.43
Basic Average Shares
—
36.43
-0.67%
36.68
+1.83%
36.02
Diluted Average Shares
—
37.13
-1.21%
37.59
+1.32%
37.10
Diluted NI Availto Com Stockholders
3.59
-30.78%
5.18
-58.46%
12.47
-19.48%
15.49
Depreciation Amortization Depletion Income Statement
0.47
-20.14%
0.59
+14.98%
0.51
-4.10%
0.54
Depreciation And Amortization In Income Statement
0.47
-20.14%
0.59
+14.98%
0.51
-4.10%
0.54
Earnings From Equity Interest
0.12
-95.42%
2.69
+153.82%
1.06
-84.82%
6.98
Insurance And Claims
0.60
+2.20%
0.59
+9.26%
0.54
+15.63%
0.47
Provision For Doubtful Accounts
-0.02
+92.51%
-0.27
-150.38%
0.53
0.00
Rent And Landing Fees
1.38
+9.42%
1.26
-1.71%
1.28
+16.29%
1.10
Rent Expense Supplemental
1.38
+9.42%
1.26
-1.71%
1.28
+16.29%
1.10
Total Other Finance Cost
-0.13
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
88.44
+8.77%
81.31
-2.24%
83.17
+23.10%
67.56
Current Assets
33.59
+1.41%
33.13
+26.00%
26.29
+10.05%
23.89
Cash Cash Equivalents And Short Term Investments
20.52
-5.64%
21.75
+77.12%
12.28
-3.06%
12.67
Cash And Cash Equivalents
20.52
-5.64%
21.75
+77.12%
12.28
-3.06%
12.67
Receivables
6.38
+28.34%
4.97
-41.41%
8.49
+54.58%
5.49
Accounts Receivable
1.86
+19.11%
1.56
-18.38%
1.91
+93.32%
0.99
Gross Accounts Receivable
2.01
+18.98%
1.69
-17.19%
2.04
+83.96%
1.11
Allowance For Doubtful Accounts Receivable
-0.15
-17.42%
-0.13
+0.00%
-0.13
-8.20%
-0.12
Inventory
5.93
+10.90%
5.35
+5.40%
5.07
+9.85%
4.62
Other Current Assets
0.76
-28.41%
1.06
+135.71%
0.45
-59.75%
1.11
Total Non Current Assets
54.84
+13.83%
48.18
-15.29%
56.88
+30.25%
43.67
Net PPE
12.40
+222.05%
3.85
-9.26%
4.24
-2.37%
4.35
Gross PPE
13.15
+199.25%
4.40
-4.23%
4.59
+0.55%
4.57
Accumulated Depreciation
-0.75
-38.17%
-0.55
-57.51%
-0.35
-58.72%
-0.22
Properties
0.00
0.00
0.00
0.00
Land And Improvements
4.99
+1155.67%
0.40
+0.00%
0.40
+0.00%
0.40
Buildings And Improvements
3.80
+285.48%
0.98
+0.00%
0.98
+0.00%
0.98
Machinery Furniture Equipment
0.82
+2.23%
0.81
+20.48%
0.67
+64.37%
0.41
Construction In Progress
2.03
0.00
—
—
Other Properties
1.52
-31.25%
2.21
-13.04%
2.54
-8.54%
2.78
Goodwill And Other Intangible Assets
10.55
-2.42%
10.81
-3.49%
11.20
-3.37%
11.59
Goodwill
7.45
+0.00%
7.45
+0.00%
7.45
+0.00%
7.45
Other Intangible Assets
3.10
-7.79%
3.36
-10.42%
3.75
-9.44%
4.14
Investments And Advances
21.06
+0.80%
20.89
-2.20%
21.36
+52.87%
13.97
Long Term Equity Investment
21.06
+0.80%
20.89
-2.20%
21.36
+52.87%
13.97
Non Current Deferred Assets
4.40
-26.73%
6.01
-34.09%
9.12
-3.53%
9.45
Non Current Deferred Taxes Assets
4.40
-26.73%
6.01
-34.09%
9.12
-3.53%
9.45
Other Non Current Assets
1.54
+2309.38%
0.06
-4.48%
0.07
+4.69%
0.06
Total Liabilities Net Minority Interest
21.46
+33.20%
16.11
-27.07%
22.09
+14.68%
19.26
Current Liabilities
15.54
+6.43%
14.60
-0.92%
14.73
-9.20%
16.23
Payables And Accrued Expenses
13.76
+7.12%
12.85
+9.65%
11.71
-1.00%
11.83
Payables
8.43
+0.23%
8.41
+31.49%
6.40
+45.54%
4.40
Accounts Payable
7.27
-1.94%
7.42
+49.09%
4.97
+56.05%
3.19
Other Payable
0.26
+5.22%
0.25
+56.60%
0.16
-18.46%
0.20
Current Accrued Expenses
5.33
+20.19%
4.43
-16.63%
5.32
-28.51%
7.44
Total Tax Payable
0.56
+12.78%
0.49
-21.25%
0.63
+184.55%
0.22
Current Debt And Capital Lease Obligation
0.83
-31.03%
1.20
-52.34%
2.52
-38.70%
4.11
Current Debt
—
0.40
-77.21%
1.73
-49.19%
3.41
Other Current Borrowings
—
0.40
-77.21%
1.73
-49.19%
3.41
Current Capital Lease Obligation
0.83
+2.73%
0.81
+2.28%
0.79
+12.23%
0.70
Current Deferred Liabilities
—
0.55
+10.66%
0.50
+78.14%
0.28
Current Deferred Revenue
—
0.55
+10.66%
0.50
+78.14%
0.28
Other Current Liabilities
0.95
+72.36%
0.55
—
—
Total Non Current Liabilities Net Minority Interest
5.92
+291.99%
1.51
-79.47%
7.35
+142.31%
3.04
Long Term Debt And Capital Lease Obligation
4.89
+223.84%
1.51
-79.47%
7.35
+142.31%
3.04
Long Term Debt
4.10
—
5.50
+530.88%
0.87
Long Term Capital Lease Obligation
0.79
-47.68%
1.51
-18.77%
1.86
-14.09%
2.16
Other Non Current Liabilities
1.03
—
—
—
Stockholders Equity
66.98
+2.73%
65.20
+6.75%
61.08
+26.46%
48.30
Common Stock Equity
66.98
+2.73%
65.19
+6.75%
61.07
+26.47%
48.29
Capital Stock
0.38
+0.53%
0.38
+0.53%
0.38
+0.80%
0.38
Common Stock
0.38
+0.53%
0.37
+0.54%
0.37
+0.81%
0.37
Preferred Stock
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Share Issued
37.64
+0.69%
37.38
+0.60%
37.16
-0.05%
37.18
Ordinary Shares Number
34.74
-2.73%
35.72
-2.84%
36.76
-0.46%
36.93
Treasury Shares Number
2.90
+74.29%
1.66
+319.66%
0.40
+62.72%
0.24
Additional Paid In Capital
296.48
+0.28%
295.66
+0.39%
294.52
+0.32%
293.59
Retained Earnings
-224.26
+1.57%
-227.84
+2.22%
-233.03
+4.99%
-245.27
Gains Losses Not Affecting Retained Earnings
—
—
—
—
Treasury Stock
5.62
+87.80%
2.99
+276.83%
0.79
+101.01%
0.40
Total Equity Gross Minority Interest
66.98
+2.73%
65.20
+6.75%
61.08
+26.46%
48.30
Total Capitalization
71.08
+9.02%
65.20
-2.06%
66.58
+35.40%
49.17
Working Capital
18.06
-2.55%
18.53
+60.32%
11.56
+50.77%
7.67
Invested Capital
71.08
+8.37%
65.59
-3.97%
68.30
+29.91%
52.58
Total Debt
5.72
+110.88%
2.71
-72.54%
9.88
+38.15%
7.15
Capital Lease Obligations
1.62
-30.13%
2.32
-12.50%
2.65
-7.64%
2.87
Net Tangible Assets
56.44
+3.76%
54.39
+9.05%
49.88
+35.88%
36.71
Tangible Book Value
56.43
+3.76%
54.39
+9.05%
49.88
+35.89%
36.70
Dueto Related Parties Current
0.34
+34.25%
0.25
-60.19%
0.64
-19.55%
0.79
Non Current Note Receivables
4.89
-25.39%
6.56
-39.78%
10.89
+156.54%
4.25
Notes Receivable
4.53
+32.55%
3.42
-48.09%
6.58
+46.08%
4.50
Other Inventories
5.93
+10.90%
5.35
+5.40%
5.07
+9.85%
4.62
Preferred Shares Number
0.00
+0.00%
0.00
+0.00%
0.00
+0.00%
0.00
Preferred Stock Equity
0.01
+0.00%
0.01
+0.00%
0.01
+0.00%
0.01
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
6.14
-20.76%
7.75
-40.52%
13.02
+100.85%
6.48
Cash Flow From Continuing Operating Activities
6.14
-20.76%
7.75
-40.52%
13.02
+100.85%
6.48
Net Income From Continuing Operations
3.59
-30.78%
5.18
-58.46%
12.47
-19.48%
15.49
Depreciation Amortization Depletion
1.16
-6.81%
1.25
+7.96%
1.16
+115.67%
0.54
Depreciation
1.16
-6.81%
1.25
+7.96%
1.16
—
Depreciation And Amortization
1.16
-6.81%
1.25
+7.96%
1.16
+115.67%
0.54
Other Non Cash Items
-0.03
+91.88%
-0.36
-238.91%
0.26
-68.92%
0.83
Stock Based Compensation
0.90
-28.17%
1.25
+61.47%
0.78
+43.70%
0.54
Provisionand Write Offof Assets
—
—
0.53
0.00
Deferred Tax
1.61
-48.31%
3.11
+643.30%
0.42
+108.43%
-4.96
Deferred Income Tax
1.61
-48.31%
3.11
+643.30%
0.42
+108.43%
-4.96
Operating Gains Losses
-0.12
+95.42%
-2.69
-153.82%
-1.06
+84.82%
-6.98
Change In Working Capital
-0.97
0.00
+100.00%
-1.00
-197.66%
1.03
Change In Receivables
-0.32
-191.74%
0.35
+137.70%
-0.93
-153.38%
1.74
Changes In Account Receivables
-0.32
-191.74%
0.35
+137.70%
-0.93
-153.38%
1.74
Change In Inventory
-0.58
-112.77%
-0.27
+39.78%
-0.46
+67.48%
-1.40
Change In Payables And Accrued Expense
0.33
-71.98%
1.19
+241.50%
0.35
-59.93%
0.87
Change In Payable
0.33
-71.98%
1.19
+241.50%
0.35
-59.93%
0.87
Change In Account Payable
0.33
-71.98%
1.19
+241.50%
0.35
-59.93%
0.87
Change In Other Current Assets
0.30
+150.08%
-0.60
-191.39%
0.66
+101.83%
0.33
Change In Other Current Liabilities
-0.70
-6.09%
-0.66
-5.12%
-0.62
-21.83%
-0.51
Investing Cash Flow
-9.39
-186.37%
10.87
+168.52%
-15.87
-111.14%
-7.52
Cash Flow From Continuing Investing Activities
-9.39
-186.37%
10.87
+168.52%
-15.87
-111.14%
-7.52
Net PPE Purchase And Sale
-8.47
-6082.48%
-0.14
+46.69%
-0.26
-19.53%
-0.21
Purchase Of PPE
-8.47
-6082.48%
-0.14
+46.69%
-0.26
-19.53%
-0.21
Capital Expenditure
-8.47
-6082.48%
-0.14
+46.69%
-0.26
-19.53%
-0.21
Net Business Purchase And Sale
-1.65
-155.78%
2.96
+139.04%
-7.57
+18.61%
-9.30
Purchase Of Business
-3.15
-818.37%
-0.34
+98.01%
-17.22
-17.88%
-14.61
Net Other Investing Changes
0.60
-88.73%
5.37
+158.97%
-9.10
-82.38%
-4.99
Financing Cash Flow
2.03
+122.16%
-9.15
-471.87%
2.46
+3053.85%
0.08
Cash Flow From Continuing Financing Activities
2.03
+122.16%
-9.15
-471.87%
2.46
+3053.85%
0.08
Net Issuance Payments Of Debt
4.73
+169.28%
-6.83
-331.94%
2.95
+553.22%
0.45
Issuance Of Debt
5.15
0.00
-100.00%
13.00
+351.39%
2.88
Repayment Of Debt
-0.42
+93.91%
-6.83
+32.04%
-10.05
-313.92%
-2.43
Long Term Debt Issuance
5.15
0.00
-100.00%
13.00
+351.39%
2.88
Long Term Debt Payments
-0.42
+93.91%
-6.83
+32.04%
-10.05
-313.92%
-2.43
Net Long Term Debt Issuance
4.73
+169.28%
-6.83
-331.94%
2.95
+553.22%
0.45
Net Common Stock Issuance
-2.63
-19.52%
-2.20
-503.85%
-0.36
-10.64%
-0.33
Common Stock Payments
-2.63
-19.52%
-2.20
-449.50%
-0.40
-1.27%
-0.40
Repurchase Of Capital Stock
-2.63
-19.52%
-2.20
-449.50%
-0.40
-1.27%
-0.40
Proceeds From Stock Option Exercised
—
—
—
0.07
Net Other Financing Charges
-0.08
+31.62%
-0.12
+4.10%
-0.12
-177.27%
-0.04
Changes In Cash
-1.23
-112.96%
9.47
+2540.72%
-0.39
+59.37%
-0.95
Beginning Cash Position
21.75
+77.12%
12.28
-3.06%
12.67
-7.01%
13.62
End Cash Position
20.52
-5.64%
21.75
+77.12%
12.28
-3.06%
12.67
Free Cash Flow
-2.33
-130.67%
7.61
-40.39%
12.76
+103.64%
6.27
Interest Paid Supplemental Data
0.04
-52.75%
0.09
-77.86%
0.41
+299.03%
0.10
Income Tax Paid Supplemental Data
0.70
+9.38%
0.64
-24.53%
0.85
+185.52%
0.30
Common Stock Issuance
—
0.00
-100.00%
0.04
-45.45%
0.07
Dividends Received CFI
0.12
-95.42%
2.69
+153.82%
1.06
-84.85%
6.99
Earnings Losses From Equity Investments
-0.12
+95.42%
-2.69
-153.82%
-1.06
+84.82%
-6.98
Issuance Of Capital Stock
—
0.00
-100.00%
0.04
-45.45%
0.07
Sale Of Business
1.50
-54.50%
3.30
-65.82%
9.65
+81.80%
5.31
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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