Jun 2026 (Q2 FY26) — Aug 13, 2026
Heritage Global Inc. Q2 FY26 — Strategic Shift and Core Business Growth
Read the full callHeritage Global (HGBL) earnings
- Jun 2026
- Jun 2026 (Q2 FY26)
- Dec 2025
Heritage Global earnings: last reported Thu, 13 Aug 2026, for the quarter ended Jun 2026.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 12.3 | −14.3% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | -170.5 | −186.1 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | -15.9 | −1070.6% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
Price
$1.28 −1.54% · −$0.02
Performance −15.8% 1Y
1Y: $1.52 on 17 Oct 2025 → $1.28. High $1.53 (21 Oct 2025), low $1.02 (4 Aug 2026).
- Previous close
- $1.3
- 52-week range
- $1.02 – $1.53
- One year
- −15.23%
Overview
- Symbol
- HGBL
- Sector
- Financials
- Exchange
- US
- Currency
- USD
Call summaries
Every analysed call
Heritage Global earnings calls (HGBL)
Financials
What the filings say
Net profit, year on year: −1071% (quarter to jun 2026 against jun 2025).
| Line item | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 10 | 11 | 13 | 14 | 11 | 12 | 13 | 12 |
| Expenses | 9 | 9 | 12 | 12 | 10 | 11 | 12 | 15 |
| Operating profit | 1 | 1 | 1 | 2 | 1 | 1 | 1 | -21 |
| Operating margin | 14.2% | 13.8% | 10.4% | 15.6% | 11.4% | 6.5% | 7.9% | −170.5% |
| Profit before tax | 1 | 2 | 1 | 2 | 1 | 1 | 1 | -21 |
| Tax rate | 27.2% | 112.9% | 27.1% | 27.2% | −56.2% | — | 27.4% | 24.3% |
| Net profit | 1 | -0 | 1 | 2 | 1 | 0 | 1 | -16 |
| EPS ($ per share) | 0.03 | — | 0.03 | 0.05 | 0.02 | — | 0.02 | -0.46 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Equity capital | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Reserves | -277 | -273 | -264 | -261 | -245 | -233 | -228 | -224 |
| Total liabilities | 13 | 10 | 15 | 18 | 19 | 22 | 16 | 21 |
| Fixed assets | 0 | 0 | 0 | 1 | 2 | 2 | 2 | 11 |
| Total assets | 21 | 22 | 45 | 50 | 68 | 83 | 81 | 88 |
| Line item | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Cash from operations | 7 | 1 | 9 | -3 | 6 | 13 | 8 | 6 |
| Cash from investing | -3 | -1 | 5 | -10 | -8 | -16 | 11 | -9 |
| Cash from financing | -2 | -1 | 7 | 3 | 0 | 2 | -9 | 2 |
| Capital expenditure | -0 | -0 | -0 | -1 | -0 | -0 | -0 | -8 |
| Free cash flow | 7 | 1 | 9 | -4 | 6 | 13 | 8 | -2 |
Insider filings
22 filings between Nov 3, 2025 and Oct 1, 2026.
Open market
decisions to buy or sellPurchases
$529.9K
5 purchases by 4 insiders
Sales
$440.2K
10 sales by 2 insiders
90% filed under a 10b5-1 plan — scheduled in advance, not decided on the day
Compensation
not trading decisions- 5
- Award — granted as compensation
- 1
- Option exercise — converted options into shares
- 1
- Tax withheld — shares kept back by the company to cover tax
Who traded
open market only| Insider | Bought | Sold | Last filing |
|---|---|---|---|
| DOVE ROSS | — | $399.0K | Sep 25, 2026 |
| Burnham William L | $399.0K | — | Sep 25, 2026 |
| Dove Nicholas Kirk | $97.5K | — | Aug 17, 2026 |
| Sklar James Edward | — | $41.2K | Oct 1, 2026 |
| COBB BRIAN J. | $22.0K | — | Aug 20, 2026 |
| Hounsell Bruce Kenneth | $11.4K | — | Aug 17, 2026 |
Latest filings (49)
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| Oct 1, 2026 | Sklar James Edward EVP, Gen Counsel & Secretary | Sale 10b5-1 plan | 2,500 | $3.2K |
| Sep 25, 2026 | DOVE ROSS CEO | Sale | 300,000 | $399.0K |
| Sep 25, 2026 | Burnham William L Director | Purchase | 300,000 | $399.0K |
| Sep 1, 2026 | Sklar James Edward EVP, Gen Counsel & Secretary | Sale 10b5-1 plan | 2,500 | $3.2K |
| Aug 20, 2026 | COBB BRIAN J. CFO | Purchase | 20,000 | $22.0K |
| Aug 17, 2026 | Hounsell Bruce Kenneth President, Heritage DebtX LLC | Purchase | 10,000 | $11.4K |
| Aug 17, 2026 | Dove Nicholas Kirk President, Industrial Assets | Purchase | 60,000 | $65.9K |
| May 21, 2026 | Dove Nicholas Kirk President, Industrial Assets | Purchase | 26,000 | $31.6K |
| May 14, 2026 | Ludwig Thomas Van President, NLEX | Option exercise | 31,875 | $22.3K |
| May 14, 2026 | Ludwig Thomas Van President, NLEX | Tax withheld | 23,919 | $29.2K |
| May 1, 2026 | Sklar James Edward EVP, Gen Counsel & Secretary | Sale 10b5-1 plan | 3,734 | $5.0K |
| Apr 1, 2026 | Sklar James Edward EVP, Gen Counsel & Secretary | Sale 10b5-1 plan | 3,734 | $5.0K |
| Mar 5, 2026 | Sharpe Kelly S Director | Award | 20,000 | $0 |
| Mar 5, 2026 | Sinsley Barbara A Director | Award | 20,000 | $0 |
| Mar 5, 2026 | Hexner Michael Director | Award | 20,000 | $0 |
| Mar 5, 2026 | SHIMER SAMUEL L Director | Award | 20,000 | $0 |
| Mar 5, 2026 | Burnham William L Director | Award | 20,000 | $0 |
| Mar 2, 2026 | Sklar James Edward EVP, Gen Counsel & Secretary | Sale 10b5-1 plan | 3,734 | $4.9K |
| Feb 2, 2026 | Sklar James Edward EVP, Gen Counsel & Secretary | Sale 10b5-1 plan | 3,734 | $5.1K |
| Jan 2, 2026 | Sklar James Edward EVP, Gen Counsel & Secretary | Sale 10b5-1 plan | 3,734 | $4.6K |
| Dec 1, 2025 | Sklar James Edward EVP, Gen Counsel & Secretary | Sale 10b5-1 plan | 3,734 | $4.9K |
| Nov 3, 2025 | Sklar James Edward EVP, Gen Counsel & Secretary | Sale 10b5-1 plan | 3,734 | $5.3K |
| Oct 1, 2025 | Sklar James Edward EVP, Gen Counsel & Secretary | Sale 10b5-1 plan | 7,468 | $12.2K |
| Mar 25, 2025 | COBB BRIAN J. CFO | Tax withheld | 6,408 | $13.5K |
| Mar 25, 2025 | Sklar James Edward EVP, Gen Counsel & Secretary | Tax withheld | 4,727 | $10.0K |
| Mar 25, 2025 | DOVE ROSS CEO | Tax withheld | 25,094 | $52.9K |
| Mar 11, 2025 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 7,000 | $13.8K |
| Mar 6, 2025 | Hexner Michael Director | Award | 20,000 | $0 |
| Mar 6, 2025 | Sharpe Kelly S Director | Award | 20,000 | $0 |
| Mar 6, 2025 | COBB BRIAN J. CFO | Award | 11,848 | $0 |
| Mar 6, 2025 | DOVE ROSS CEO | Award | 44,355 | $0 |
| Mar 6, 2025 | Sklar James Edward EVP, Gen Counsel & Secretary | Award | 11,848 | $0 |
| Mar 6, 2025 | Sinsley Barbara A Director | Award | 20,000 | $0 |
| Mar 6, 2025 | Burnham William L Director | Award | 20,000 | $0 |
| Mar 6, 2025 | SHIMER SAMUEL L Director | Award | 20,000 | $0 |
| Mar 6, 2025 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $20.7K |
| Mar 4, 2025 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $20.5K |
| Feb 26, 2025 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $20.2K |
| Feb 19, 2025 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $22.4K |
| Feb 12, 2025 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $22.4K |
| Jan 29, 2025 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $21.3K |
| Jan 15, 2025 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $20.7K |
| Jan 8, 2025 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $19.9K |
| Jan 1, 2025 | COBB BRIAN J. CFO | Award | 125,000 | $0 |
| Dec 18, 2024 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $17.5K |
| Dec 5, 2024 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $17.6K |
| Dec 3, 2024 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $17.7K |
| Nov 21, 2024 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $16.3K |
| Nov 19, 2024 | Ludwig David Van President of subsidiary | Sale 10b5-1 plan | 10,000 | $16.1K |
Source: SEC Form 4 filings. Form 4 reports transactions, not the cap table — absence of filings says nothing about how much an insider owns, and a quiet window is not a signal.
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