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HGBLHeritage Global Inc.
$1.33$46M
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
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HGBL logo

Heritage Global Inc.

HGBL
NASDAQ · Capital Markets
$1.33
At close - Sep 23, 4:00 PM EDT - USD
Market Cap$46M
P/E13.3x
52W High$1.79
Volume87.77K
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q1

Volatile Liquidation Revenue Masks Structural Margin Variability

Heritage Global Inc. exhibits a complex financial profile characterized by lumpy, project-based revenue and significant margin volatility stemming from its reliance on principal-heavy inventory acquisitions. While the company has successfully deleveraged its b...

GrowthMixed
ProfitabilityModerate
ValuationReview
TechnicalsNeutral
Explore valuation models
MARKET ACTION

HGBL price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

2/12 Beats

EPS beat 2 of last 12 quarters

02

Valuation risk

-11% Peers

P/E is 11% below peer median

03

Market leadership

RS 70 · Avg

Average momentum (RS Rating: 70)

04

Trend Check

N/A

Trend data unavailable

Next CatalystConfirmed earnings · Nov 5

Market performance

Price History →

Trailing total returns as of 9/24/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
HGBL+8.13%
S&P 500 (^GSPC)+12.39%
1-Year Return
HGBL-24.00%
S&P 500 (^GSPC)+15.77%
3-Year Return
HGBL-56.54%
S&P 500 (^GSPC)+78.84%
5-Year Return
HGBL-34.80%
S&P 500 (^GSPC)+76.59%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E5Y High
13.3x
Forward P/E
N/A
EV/EBITDA20th %ile
4.7x
FCF YieldCash Flow
N/A

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
13.3x
12.4x
80th· High
EV/EBITDA
4.7x
6.9x
20th· Low
Price/FCF
N/A
9.0x
N/A
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
No DCF Model AvailableIntrinsic value modeling is not supported for this equity.

Growth & profitability

Annual revenue & EPS trend
Revenue
$51M+12.6% YoY
Net income
$4M-30.8% YoY
Free cash flow
-$2M-130.7% YoY
Operating margin
11%-9.0 pts YoY
ROIC (TTM)6%
Avg ROIC 5Y-
ROE (TTM)5.4%
Piotroski Score5 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate2/12 (17%)
Revenue Beat Rate3/12 (25%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 13, 2026
$0.06+60.0%
vs $0.04
$13M+0.0%
vs $13M
Q2 2026
May 7, 2026
$0.02-27.3%
vs $0.03
$13M-5.6%
vs $13M
Q2 2026
Mar 12, 2026
$0.01-69.2%
vs $0.03
$12M-8.0%
vs $13M
Q4 2025
Nov 6, 2025
$0.02-60.0%
vs $0.05
$11M-11.8%
vs $13M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Business Wire·Aug 31, 2026
Heritage Global Partners to Conduct Two Massive Online Auctions of Wren Manufacturing's Pennsylvania Plants

SAN DIEGO--(BUSINESS WIRE)--Heritage Global Partners (“HGP”), a subsidiary of Heritage Global Inc. (NASDAQ: HGBL) and a worldwide leader in asset advisory and auction services, will conduct two online auctions of cabinet manufacturing, woodworking and stone fabrication equipment formerly used in Wren Manufacturing's U.S. operations in Wilkes-Barre, Pennsylvania. The sales are being conducted by order of the U.S. Bankruptcy Court, Case No. 1:26-bk-10581, which features equipment used in the prod.

Defense World·Aug 25, 2026
Analyzing Burford Capital (OTCMKTS:BRFRF) and Heritage Global (NASDAQ:HGBL)

Burford Capital (OTCMKTS:BRFRF - Get Free Report) and Heritage Global (NASDAQ: HGBL - Get Free Report) are both finance companies, but which is the better business? We will contrast the two businesses based on the strength of their risk, valuation, earnings, dividends, institutional ownership, profitability and analyst recommendations. Analyst Recommendations This is a breakdown of current

Seeking Alpha·Aug 13, 2026
Heritage Global Inc. (HGBL) Q2 2026 Earnings Call Transcript

Heritage Global Inc. (HGBL) Q2 2026 Earnings Call Transcript

Business Wire·Aug 13, 2026
Heritage Global Inc. Reports Second Quarter 2026 Results

SAN DIEGO--(BUSINESS WIRE)--Heritage Global Inc. (NASDAQ: HGBL) (“Heritage Global,” “HG” or “the Company”), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the second quarter and six months ended June 30, 2026. Second Quarter and First Six Months 2026 Summary of Financial Results (unaudited): ($ in thousands, except per share amounts) Three Months Ended June 30, Six Months Ended June 30,   2026     2025   2026     2025.

Filtered for Heritage Global Inc.More Headlines
04

Compare before deciding

Benchmark HGBL against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Heritage Global Inc. (HGBL)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
HGBL logoHGBLHeritage Global Inc.Current
$1.33$46.21M13.3012.61%7.04%5.43%—
CPSS logoCPSSConsumer Portfolio Services, Inc.
$9.34$202.66M11.68-3.12%10.35%6.91%—
RILY logoRILYBRC Group Holdings, Inc.
$5.78$232.33M0.59-9%31.34%39083.15%—
ASST logoASSTStrive, Inc.
$28.99$2.18B-2.97805.15%-13133.5%-116.95%—
COHU logoCOHUCohu, Inc.
$64.48$3.04B-40.5512.74%-7.43%-4.91%—
GBX logoGBXThe Greenbrier Companies, Inc.
$43.04$1.33B6.78-8.66%3.89%5.93%—

Compare HGBL vs Peers

Heritage Global Inc. (HGBL) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs CPSS

Most directly comparable listed peer for HGBL.

Scale Benchmark

vs FCFS

Larger-name benchmark to compare HGBL against a more recognizable public peer.

Peer Set

Compare Top 5

vs CPSS, RILY, ASST, COHU

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

HGBL SEC Filings & Documents

Heritage Global Inc. (HGBL) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 3, 2026·SEC

Material company update

Jul 31, 2026·SEC

Material company update

Jun 4, 2026·SEC

10-K Annual Reports

5
FY 2026

Mar 12, 2026·SEC

FY 2025

Mar 13, 2025·SEC

FY 2024

Mar 14, 2024·SEC

10-Q Quarterly Reports

6
FY 2026

Aug 13, 2026·SEC

FY 2026

May 7, 2026·SEC

FY 2025

Nov 6, 2025·SEC

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HGBL Frequently Asked Questions

Heritage Global Inc. (HGBL) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
How fast is Heritage Global Inc. growing?

Heritage Global Inc. (HGBL) grew revenue by 12.6% over the past year. This is steady growth.

Is HGBL profitable?

Heritage Global Inc. (HGBL) reported a net loss of $14.3M for fiscal year 2025.

Dividend & Returns
What is HGBL's return on equity?

Heritage Global Inc. (HGBL) has a return on equity (ROE) of 5.4%. This is below average, suggesting room for improvement.

Industry Metrics
What is Heritage Global Inc.'s net interest margin?

Heritage Global Inc. (HGBL) has a net interest margin (NIM) of 0.2%. NIM has been under pressure due to interest rate environment.

What is Heritage Global Inc.'s efficiency ratio?

Heritage Global Inc. (HGBL) has an efficiency ratio of 16.1%. This is excellent, indicating strong cost control.

What if you invested $1,000 in HGBL back in 1996?

Total return calculator · dividends reinvested · 30+ years of data

See returns →