HGBL · Heritage Global Inc.
$1.30
+0.01 (+0.78%)
At close · Oct 5
View the 10-Q filed May 7, 2026
Return incl. dividend (before tax)
Customer concentration
— top customer 78% of receivables
One customer — 78% of receivables (March 31, 2026)
“As of March 31, 2026, we held a gross balance of investments in notes receivable of $27.3 million, recorded in both notes receivable and equity method investments, and consisting of one borrower’s note 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)
“As of March 31, 2026, we held a gross balance of investments in notes receivable of $27.3 million, recorded in both notes receivable and equity method investments, and consisting of one borrower’s note 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
$46.07M
Shares
34.64M
Volume · Oct 5
59.32K
Avg daily vol (3M)
186.3K
Price & Indicators
20d MA
50d MA
200d MA
Earnings
Filing
Insider
Congress
Investor day
Close$1.30
Open$1.32
Day$1.29–1.32
52W close$1.02–1.61
Avg vol 30d158K
Short int71K · 0.2% float · 1.0d
Short vol10%
Last earningsNov 5, 2026
DataJan 2020–Oct 2026
Filing10-Q · Aug 13
Up next
Next earnings call
Nov 5, 2026
Scheduled
· in 4 wks
filed Aug 13, 2026
call held Aug 13, 2026
Metrics snapshot
Useful current figures from the complete screener profile.
Revenue (TTM)
$48.20M
Trailing 12 months
Net income (TTM)
−$14.29M
Trailing 12 months
Revenue growth YoY
-14.3%
Year over year
Operating margin
-37.0%
Trailing 12 months
P / E (TTM)
—
Trailing earnings
FCF yield
-2.4%
TTM · current market cap
Return on invested capital
—
Trailing 12 months
Net cash
—
Latest balance sheet
Dividend yield
—
Trailing 12 months
Shares change YoY
-2.5%
Year over year · fewer shares
Price change (1Y)
-19.4%
Trailing year
Short interest
0.2%
Latest settlement · 1.0 days to cover
Equibles Rating
blended score · not investment adviceOverall
Sell
SellHoldBuy
Technical
Buy
Momentum
Weak
Sentiment
Neutral
Fundamentals
Weak
Quant / Vol
High
Market backdrop
VIX 15.5 · calm
Equity put/call 0.59
Technical
price trend
50 / 200-day cross
No cross
Price vs 200-day avg
+1%
above
Price vs 50-day avg
+5%
above
RSI (14)
50
neutral
MACD trend
Negative
52-week position
47%
mid-range
Momentum
relative strength
1-month return
−4%
trailing
6-month return
−9%
trailing
YTD return
+5%
this year
Relative strength
−21%
vs S&P · 6-mo
Sentiment
smart money
Trend (MA cross)
No cross
50d $1 › 200d $1 — 200d above 50d
Institutional flow
Distributing
1 of 36 funds reported for Sep 30 · net -15.0K sh shares
Insider flow
Accumulating
Net +$99.3K over 90 days · 20% sells
Short interest
Rising
0.20% of float · ▲ +28.8% MoM · 1.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr low
36 holders — near 3-yr low, contrarian setup
Squeeze score
51
elevated · 0–100
Fundamentals
Revenue growth
−16%
Y/Y
EPS growth
−29%
Y/Y
Free cash flow
$-2.3M
Balance sheet
$5.1M
net cash
Quant / Vol
risk profile
Volatility
43%
annualized · 1-yr
Max drawdown
−37%
past year
ATR
4.3%
of price · 14-day
Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.
Technicals
trend & momentum for long-term holders Buy
50 / 200-day cross
No cross
Neutral
Price vs 200-day avg
+1%
Bullish
Price vs 50-day avg
+5%
Bullish
RSI (14)
50
Neutral
MACD trend
Negative
Bearish
52-week position
47%
Neutral
Market signals — smart money & positioning
Bearish · 2 of 6
Trend (MA cross)
No cross
50d $1 › 200d $1 — 200d above 50d
Institutional flow
Distributing
1 of 36 funds reported for Sep 30 · net -15.0K sh shares
Insider flow
Accumulating
Net +$99.3K over 90 days · 20% sells
Short interest
Rising
0.20% of float · ▲ +28.8% MoM · 1.0 days cover
Volume signal
Normal
Volume near normal
Institution breadth
Multi-yr low
36 holders — near 3-yr low, contrarian setup
Price context
position in its 52-week range
Range low $1
Now $1 · 47%
Range high $2
vs 200-day avg +1%
vs 50-day avg +5%
Illustrative technical + ownership context — a signal mix, not investment advice.
Key metrics
the company's own KPIs, from written earnings releases and filings| Metric | Latest | Period | YoY |
|---|---|---|---|
| Adjusted EBITDA non-GAAP | 1.19M | the three months ended June 30, 2026 filing | — |
GAAP → non-GAAP reconciliationGAAP EBITDA -20.67M
+171K Stock based compensation
+3.53M Noncash provision for (recovery of) credit losses
+18.16M Noncash impairment of equity method investments
= Adjusted EBITDA 1.19M
|
|||
| Average price paid per share | $1.29 | the three months ended June 30, 2026 filing | — |
| impairment charge | $18.2M | the three months ended June 30, 2026 filing | — |
| Total shares purchased | 103,265 | the three months ended June 30, 2026 filing | — |
Figures exactly as the company stated them in writing · click a metric with a to chart its history · period links open the stating document · "filing" marks figures stated in the 10-K/10-Q · YoY needs an exactly comparable prior-year period
Versus peers
Capital Markets — same industry group| Company | Mkt cap | YTD | Rev growth Y/Y | P/E | Short % shares |
|---|---|---|---|---|---|
|
HGBL
this stock
Heritage Global Inc.
|
$46.07M | +4.8% | -15.5% | — | 0.2% |
|
MS
Morgan Stanley
|
$308.32B | +7.1% | +5.5% | 15.9 | 0.9% |
|
GS
Goldman Sachs Group Inc
|
$272.38B | +1.6% | +8.9% | 14.4 | 2.4% |
|
SCHW
Schwab Charles Corp
|
$171.26B | -2.0% | +22.0% | 18.0 | 1.1% |
|
HOOD
Robinhood Markets, Inc.
|
$107.35B | +0.9% | +51.6% | 52.8 | 4.0% |
Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding
At a glance
key data from every sectionOwnership
Short & Settlement
Smart Money
Financials
Filings
Performance
| 5D | 20D | 120D | MTD | YTD | |
|---|---|---|---|---|---|
| HGBL | -0.8% | -4.4% | -9.1% | +0.0% | +4.8% |
| SPY | +1.2% | +0.6% | +11.6% | +1.6% | +13.6% |
| vs SPY | -2.0% | -5.0% | -20.7% | -1.6% | -8.8% |