Heritage Global Inc. (HGBL) Revenue History
Annual and quarterly revenue from 2014 to 2025
Compound Annual Growth Rate (CAGR)
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HGBL Revenue Growth
Revenue Breakdown (FY 2025)
HGBL's revenue distribution by segment and geography for fiscal year 2025
By Product/Segment
HGBL Revenue Analysis (2014–2025)
As of May 8, 2026, Heritage Global Inc. (HGBL) generated trailing twelve-month (TTM) revenue of $51.0 million, reflecting strong growth of +10.1% year-over-year. The most recent quarter (Q4 2025) recorded $11.9 million in revenue, up 4.4% sequentially.
Looking at the longer-term picture, HGBL's 5-year compound annual growth rate (CAGR) stands at +14.3%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $60.5 million in 2023.
Revenue diversification analysis shows HGBL's business is primarily driven by Service (65%), and Product (35%). With over half of revenue concentrated in Service, the company maintains significant focus in this area while developing other growth vectors.
When compared to Financial Services sector peers including CPSS, RILY, and ASST (+711.2% YoY), HGBL has underperformed the peer group in terms of revenue growth. Compare HGBL vs CPSS →
HGBL Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HGBLCurrent | $51M | +10.1% | +14.3% | 11.0% | |
 CPSS | $428M | - | - | 60.8% | |
 RILY | $1.0B | - | - | 14.6% | |
 ASST | $4M | +711.2% | +111.2% | -620.7% | |
 COHU | $453M | +23.1% | -6.6% | -13.3% | |
 GBX | $3.2B | -15.0% | +3.0% | 10.4% |
HGBL Historical Revenue Data (2014–2025)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2025 | $51.0M | - | $43.0M | 84.4% | $5.6M | 11.0% |
| 2024 | $45.4M | - | $14.2M | 31.3% | $9.1M | 20.0% |
| 2023 | $60.5M | - | $21.4M | 35.3% | $14.3M | 23.7% |
| 2022 | $46.9M | - | $10.4M | 22.2% | $11.1M | 23.7% |
| 2021 | $25.8M | - | $11.0M | 42.7% | $3.0M | 11.7% |
| 2020 | $26.2M | - | $10.3M | 39.5% | $6.1M | 23.1% |
| 2019 | $26.2M | - | $9.5M | 36.2% | $3.0M | 11.7% |
| 2018 | $23.7M | - | $14.7M | 62.1% | $4.1M | 17.2% |
| 2017 | $20.1M | - | $11.2M | 55.4% | $364K | 1.8% |
| 2016 | $23.8M | - | $8.3M | 34.7% | $190K | 0.8% |
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Start ComparisonHGBL — Frequently Asked Questions
Quick answers to the most common questions about buying HGBL stock.
Is HGBL's revenue growth accelerating or slowing?
HGBL maintains +10.1% revenue growth, in line with its 5-year CAGR of +14.3%. TTM revenue stands at $51M. Growth rate remains consistent with historical average.
What is HGBL's long-term revenue growth rate?
Heritage Global Inc.'s 5-year revenue CAGR of +14.3% reflects the sustained expansion pattern. Current YoY growth of +10.1% is near this long-term average.
How is HGBL's revenue distributed by segment?
HGBL reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2014-2025 are available for download. Segment mix reveals concentration and diversification trends.