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HGBL · Heritage Global Inc.

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$1.09 +0.01 (+0.93%) At close · Aug 14
Customer concentration — top customer 78% of receivables

One customer — 78% of receivables (March 31, 2026)

“The Company's portfolio includes its largest borrower’s gross note receivable balance of approximately $21.4 million, representing 78% of our total gross notes receivable balance as of March 31, 2026, as compared to 76% as of December 31, 2025.”

One customer — 76% of receivables (December 31, 2025)

“The Company's portfolio includes its largest borrower’s gross note receivable balance of approximately $21.4 million, representing 78% of our total gross notes receivable balance as of March 31, 2026, as compared to 76% as of December 31, 2025.”
View the 10-Q filed May 7, 2026
Market Cap
$37.76M
Shares
34.64M

Heritage Global Inc. Earnings Call Transcripts

Every quarterly earnings call for Heritage Global Inc. (HGBL) — the full transcript with speaker labels, the audio replay, AI call highlights and a management-tone score, plus the matching 8-K earnings release and the quarter's 10-Q or 10-K. Investor days and conferences appear here too.

Revenue & result across quarters

Revenue Net income YoY up YoY down artefacts
▲111.3% $12.66M $2.30M '22 Q3 22-09-30 ▲83.8% $13.83M $9.97M '22 Q4 23-03-09 ▲77.5% $16.61M $2.83M '23 Q1 23-03-31 ▲18.4% $13.10M $2.78M '23 Q2 23-06-30 ▲22.8% $15.55M $1.98M '23 Q3 23-09-30 ▲10.5% $15.28M $4.89M '23 Q4 23-12-31 ▼26.8% $12.16M $1.80M '24 Q1 24-03-31 ▼8.2% $12.02M $2.50M '24 Q2 24-06-30 ▼33.1% $10.41M $1.09M '24 Q3 24-09-30 ▼29.6% $10.77M −$203,000 '24 Q4 24-12-31 ▲10.7% $13.46M $1.06M '25 Q1 25-03-31 ▲19% $14.30M $1.64M '25 Q2 25-06-30 ▲9.1% $11.36M $585,000 '25 Q3 25-09-30 ▲10.1% $11.86M $301,000 '25 Q4 25-12-31 ▼5.5% $12.72M $717,000 '26 Q1 26-05-07 LATEST ▼14.3% $12.27M −$15.89M '26 Q2 26-08-13
Earnings call
FY26 · Q2
2026-08-13
Earnings conference call (announced in 8-K)
Positive tone Financial assets acquisitions (DebtX and Boston Note) Industrial assets division performance Market opportunity in seller-financed notes
Revenue
$12.27M
▼ 14.3% YoY
Diluted EPS
$-0.46
▼ 1020% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY26 · Q1
2026-05-07
Heritage Global Inc. Q1 FY2026 Earnings Call
Positive tone DebtX acquisition performance Industrial Assets / Huntsville real estate Growth execution and outlook
Revenue
$12.72M
▼ 5.5% YoY
Diluted EPS
$0.02
▼ 33.3% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY25 · Q4
2025-12-31
Heritage Global Inc. Q4 FY2025 Earnings Call
Confident tone DebtX acquisition and integration 2026 outlook and pipeline conversion Industrial Assets division performance
Revenue
$11.86M*
▲ 10.1% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Earnings call
FY25 · Q3
2025-09-30
Heritage Global Inc. Q3 FY2025 Earnings Call
Positive tone M&A and Growth Strategy (GS Plan) Industrial Assets Division Balance Sheet and Liquidity
Revenue
$11.36M
▲ 9.1% YoY
Diluted EPS
$0.02
▼ 33.3% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY25 · Q2
2025-06-30
Heritage Global Inc. Q2 FY2025 Earnings Call
Confident tone Financial Assets / NLEX platform Macro and tariff backdrop Quarterly NOI performance
Revenue
$14.30M
▲ 19% YoY
Diluted EPS
$0.05
▼ 28.6% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY25 · Q1
2025-03-31
Heritage Global Inc. Q1 FY2025 Earnings Call
Confident tone Quarterly financial performance Financial Assets Division and NLEX Pipeline and demand momentum
Revenue
$13.46M
▲ 10.7% YoY
Diluted EPS
$0.03
▼ 40% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY24 · Q4
2024-12-31
Heritage Global Inc. Q4 FY2024 Earnings Call
Confident tone Non-accrual loan situation 2024 financial results Balance sheet and liquidity
Revenue
$10.77M*
▼ 29.6% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Earnings call
FY24 · Q3
2024-09-30
Heritage Global Inc. Q3 FY2024 Earnings Call
Positive tone Industrial Auctions M&A and Industry Consolidation Specialty Lending / Borrower Concentration
Revenue
$10.41M
▼ 33.1% YoY
Diluted EPS
$0.03
▼ 40% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY24 · Q2
2024-06-30
Heritage Global Inc. Q2 FY2024 Earnings Call
Confident tone Q2 Financial Results Largest Borrower Default / Nonaccrual M&A and Bolt-on Opportunities
Revenue
$12.02M
▼ 8.2% YoY
Diluted EPS
$0.07
▲ 0% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY24 · Q1
2024-03-31
Heritage Global Inc. Q1 FY2024 Earnings Call
Confident tone M&A and Strategic Acquisitions Financial Assets Division / Lending Charge-Off Volume / Market Opportunity
Revenue
$12.16M
▼ 26.8% YoY
Diluted EPS
$0.05
▼ 37.5% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY23 · Q4
2023-12-31
Heritage Global Inc. Q4 FY2023 Earnings Call
Revenue
$15.28M*
▲ 10.5% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Earnings call
FY23 · Q3
2023-09-30
Heritage Global Inc. Q3 FY2023 Earnings Call
Revenue
$15.55M
▲ 22.8% YoY
Diluted EPS
$0.05
▼ 16.7% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY23 · Q2
2023-06-30
Heritage Global Inc. Q2 FY2023 Earnings Call
Revenue
$13.10M
▲ 18.4% YoY
Diluted EPS
$0.07
▲ 0% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY23 · Q1
2023-03-31
Heritage Global Inc. Q1 FY2023 Earnings Call
Revenue
$16.61M
▲ 77.5% YoY
Diluted EPS
$0.08
▲ 300% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY22 · Q4
2023-03-09
Heritage Global Inc. Q4 FY2022 Earnings Call
Revenue
$13.83M*
▲ 83.8% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Earnings call
FY22 · Q3
2022-09-30
Heritage Global Inc. Q3 FY2022 Earnings Call
Revenue
$12.66M
▲ 111.3% YoY
Diluted EPS
$0.06
▲ 500% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY22 · Q2
2022-06-30
Heritage Global Inc. Q2 FY2022 Earnings Call
Revenue
$11.06M
▲ 113.8% YoY
Diluted EPS
$0.07
▲ 250% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY22 · Q1
2022-03-31
Heritage Global Inc. Q1 FY2022 Earnings Call
Revenue
$9.36M
▲ 31.8% YoY
Diluted EPS
$0.02
▼ 33.3% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY21 · Q4
2021-12-31
Heritage Global Inc. Q4 FY2021 Earnings Call
Revenue
$7.52M*
▼ 8.9% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Earnings call
FY21 · Q3
2021-09-30
Heritage Global Inc. Q3 FY2021 Earnings Call
Revenue
$5.99M
▼ 20.8% YoY
Diluted EPS
$0.01
▼ 75% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY21 · Q2
2021-06-30
Heritage Global Inc. Q2 FY2021 Earnings Call
Revenue
$5.18M
▼ 15.4% YoY
Diluted EPS
$0.02
▼ 71.4% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY21 · Q1
2021-03-31
Heritage Global Inc. Q1 FY2021 Earnings Call
Revenue
$7.10M
▲ 67.3% YoY
Diluted EPS
$0.03
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-Q
Earnings call
FY20 · Q4
2021-01-12
Heritage Global Inc. Q4 FY2020 Earnings Call
Revenue
$8.26M*
▲ 48.2% YoY
Rev · 8q Trailing quarterly revenue
Audio Transcript Slides 8-K10-K
Showing 1–23 of 23 earnings calls
Key facts CIK 849145 CUSIP 42727E103 13F (30d) 42 filings 36 filers Visit website

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