HGBL · Heritage Global Inc.
$1.20
-0.02 (-1.64%)
At close · Jul 29
View the 10-Q filed May 7, 2026
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.”
Market Cap
$41.68M
Shares
34.73M
Named-executive compensation from the company's DEF 14A proxy statements — salary, bonus, stock and option awards, non-equity incentive, and the company-reported total per executive per fiscal year, exactly as disclosed in the Summary Compensation Table.
Fiscal 2025
| Executive | Role | Total |
|---|---|---|
| David Ludwig | President, Financial Assets | $1,021,587 |
| Ross Dove | CEO | $649,338 |
| Nicholas Dove | President, Industrial Assets \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ This amount represents payment for an automobile allowance. This amount represents restricted common stock awards granted March 6, 2025 with a one-year vesting term. This amount represents restricted common stock awards granted March 7, 2024 with a one-year vesting term. | $542,559 |
Fiscal 2024
| Executive | Role | Total |
|---|---|---|
| David Ludwig | President, Financial Assets | $1,445,594 |
| Ross Dove | CEO | $944,974 |
| Nicholas Dove | President, Industrial Assets \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ This amount represents payment for an automobile allowance. This amount represents restricted common stock awards granted March 6, 2025 with a one-year vesting term. This amount represents restricted common stock awards granted March 7, 2024 with a one-year vesting term. | $569,222 |
Fiscal 2023
| Executive | Role | Total |
|---|---|---|
| David Ludwig | President, Financial Assets | $1,712,553 |
| Ross Dove | CEO | $1,260,691 |
| Nicholas Dove | President, Industrial Assets \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ This amount represents payment for an automobile allowance. This amount represents restricted common stock awards granted March 6, 2025 with a one-year vesting term. This amount represents restricted common stock awards granted March 7, 2024 with a one-year vesting term. | $948,017 |
Fiscal 2022
| Executive | Role | Total |
|---|---|---|
| David Ludwig | President, Financial Assets | $1,112,157 |
| Nicholas Dove | President, Industrial Assets \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ This amount represents payment for an automobile allowance. This amount represents restricted common stock awards granted March 6, 2025 with a one-year vesting term. This amount represents restricted common stock awards granted March 7, 2024 with a one-year vesting term. | $1,108,525 |
| Ross Dove | CEO | $877,455 |
Fiscal 2021
| Executive | Role | Total |
|---|---|---|
| Nicholas Dove | President, Industrial Assets \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ This amount represents payment for an automobile allowance. This amount represents restricted common stock awards granted March 6, 2025 with a one-year vesting term. This amount represents restricted common stock awards granted March 7, 2024 with a one-year vesting term. | $854,806 |
| David Ludwig | President, Financial Assets | $715,182 |
| Ross Dove | CEO | $451,529 |
Fiscal 2020
| Executive | Role | Total |
|---|---|---|
| David Ludwig | President, Financial Assets | $914,136 |
| Nicholas Dove | President, Industrial Assets \_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_\_ This amount represents payment for an automobile allowance. This amount represents restricted common stock awards granted March 6, 2025 with a one-year vesting term. This amount represents restricted common stock awards granted March 7, 2024 with a one-year vesting term. | $867,199 |