Heritage Global Inc. (HGBL) Earnings History
Net Loss38 years of earnings data (1988–2025) · Currently unprofitable on a TTM basis
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Heritage Global Inc. (HGBL) Earnings Overview
As of November 8, 2026, Heritage Global Inc. (HGBL) reported trailing twelve-month net income of -$14M, reflecting -28.6% year-over-year growth. The company earned $-0.39 per diluted share over the past four quarters, with a net profit margin of 7.0%.
Looking at the long-term picture, HGBL's 5-year EPS compound annual growth rate (CAGR) stands at -19.7%, signaling declining earnings. The company achieved its highest annual net income of $31M in fiscal 2011.
Heritage Global Inc. is currently reporting a net loss, though operating performance should be evaluated in the context of growth investments and industry dynamics View revenue history →
Compared to peers including CPSS ($24M net income, 9.9% margin), RILY ($80M net income, 32.8% margin), ASST (-$469M net income, -7335.0% margin), HGBL has room to improve margins relative to the peer group. Compare HGBL vs CPSS →
HGBL Earnings vs Peers
Earnings metrics vs comparable public companies
HGBL Historical Earnings Data (1988–2025)
38 years| Fiscal Year | Net Income | YoY % | Operating Income | EPS (Diluted) | Net Margin | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $4M | -30.8% | $6M | $0.10 | 7.0% | 11.0% |
| 2024 | $5M | -58.5% | $9M | $0.14 | 11.4% | 20.0% |
| 2023 | $12M | -19.5% | $14M | $0.33 | 20.7% | 23.8% |
| 2022 | $15M | +407.5% | $11M | $0.42 | 33.1% | 23.8% |
| 2021 | $3M | -68.4% | $3M | $0.08 | 11.8% | 11.7% |
| 2020 | $10M | +147.7% | $6M | $0.30 | 37.0% | 23.2% |
| 2019 | $4M | +3.9% | $3M | $0.13 | 14.9% | 11.7% |
| 2018 | $4M | +1606.4% | $4M | $0.13 | 16.0% | 17.4% |
| 2017 | $-249,000 | -1878.6% | $364,000 | $-0.01 | -1.2% | 1.8% |
| 2016 | $14,000 | +100.1% | $190,000 | $0.00 | 0.1% | 0.8% |
| 2015 | -$10M | +60.7% | -$10M | $-0.37 | -61.0% | -60.6% |
| 2014 | -$27M | -314.5% | -$2M | $-0.94 | -136.0% | -9.7% |
| 2013 | -$6M | -252.8% | -$3M | $-0.22 | -76.7% | -35.2% |
| 2012 | -$2M | -105.9% | -$2M | $-0.06 | -13.1% | -17.7% |
| 2011 | $31M | +536.0% | $5M | $1.13 | 180.7% | 27.0% |
| 2010 | $5M | +482.0% | $5M | $0.21 | 164.8% | 185.3% |
| 2009 | -$1M | -121.7% | $-833,000 | $-0.06 | -22.3% | -14.7% |
| 2008 | $6M | +1003.4% | $6M | $0.25 | 33.1% | 31.9% |
| 2007 | $-645,000 | +91.6% | -$1M | $-0.03 | - | - |
| 2006 | -$8M | +58.5% | -$1M | $-0.40 | - | - |
| 2005 | -$18M | +18.8% | -$3M | $-0.96 | - | - |
| 2004 | -$23M | +27.5% | -$14M | $-0.95 | -22.4% | -13.8% |
| 2003 | -$31M | -12.9% | -$20M | $-4.51 | -24.6% | -15.6% |
| 2002 | -$28M | +37.4% | -$8M | $-4.78 | -34.7% | -9.4% |
| 2001 | -$44M | -72.8% | -$22M | $-8.97 | -86.9% | -42.9% |
| 2000 | -$26M | -4.4% | -$24M | $-20.55 | -89.1% | -83.4% |
| 1999 | -$25M | +11.9% | -$17M | $-31.40 | -75.6% | -53.4% |
| 1998 | -$28M | +6.4% | -$20M | $-42.80 | -162.8% | -114.0% |
| 1997 | -$30M | -29.4% | -$26M | $-56.94 | -212.1% | -183.0% |
| 1996 | -$23M | -3750.0% | -$19M | $-53.79 | - | - |
| 1995 | $-600,000 | +14.3% | $-600,000 | $-7.80 | -20.7% | -20.7% |
| 1994 | $-700,000 | - | $-400,000 | $-11.00 | -19.4% | -11.1% |
| 1993 | $0 | - | $300,000 | $0.00 | 0.0% | 11.1% |
| 1992 | $0 | +100.0% | $200,000 | $0.20 | 0.0% | 9.1% |
| 1991 | $-300,000 | - | $-200,000 | $-4.74 | -12.5% | -8.3% |
| 1990 | $0 | +100.0% | $600,000 | $0.00 | 0.0% | 16.7% |
| 1989 | $-500,000 | +50.0% | $100,000 | $-1.37 | -11.9% | 2.4% |
| 1988 | -$1M | - | $300,000 | $-2.73 | -27.0% | 8.1% |
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HGBL — Frequently Asked Questions
Quick answers to the most common questions about buying HGBL stock.
What is HGBL earnings per share (EPS)?
HGBL trailing twelve-month (TTM) diluted EPS is $-0.39, reflecting -28.6% year-over-year growth. The 5-year EPS CAGR is -19.7%. Complete EPS history from 1988 to 2025 is available in the table on this page.
What is Heritage Global Inc.'s net income?
Heritage Global Inc. (HGBL) trailing twelve-month net income is $-14M as of 2025. Earnings declined -28.6% year-over-year. Heritage Global Inc. has been profitable for 8 consecutive years.
Is HGBL profitable?
HGBL is not currently profitable on a TTM basis, reporting a net loss of $-14M. Net margin is +7.0%. Investors should monitor for a return to profitability.
What is HGBL's earnings growth rate?
HGBL compound annual EPS growth rates (CAGR): 1-Year: -28.6%, 3-Year: -38.0%, 5-Year: -19.7%, 10-Year: N/A. These figures measure the annualised rate of diluted EPS growth over each period, based on data from 1988 to 2025.
What are HGBL's profit margins?
Heritage Global Inc. net profit margin is +7.0%, operating margin is +11.0%, and gross margin is +27.1%. Margins are within a typical range for the sector. Return on Equity is +5.4%.
Is HGBL growing earnings?
HGBL earnings are declining — EPS fell -28.6% year-over-year. TTM net income dropped to $-14M. This contrasts with the 5-year CAGR of -19.7%.
What was HGBL's best earnings year?
Heritage Global Inc.'s highest annual net income on record is $31M, achieved in fiscal year 2011. Earnings history on this page spans 1988 to 2025 and includes all annual and quarterly figures.
What were HGBL's earnings last quarter?
HGBL's most recent reported quarter was Q3 2026. Net income was $1M with diluted EPS of $0.03. For a full breakdown of all quarters, see the quarterly earnings table on this page.