MARKETS / NASDAQ / HGBL
NASDAQ · SERVICES-BUSINESS SERVICES, NEC · SMALL CAP

Heritage Global Inc. HGBL

16 fiscal years on record · USD · FY2025 reported
SEC FILINGS ONLY
Revenue · FY2025
$51.0M
▲ 12.4% vs FY2024
EPS · FY25
$0.10
Dividend / sh · FY25
Payout · FY25
ROE · FY25
5.4%
Net margin · FY25
7.0%
Dividend coverage
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Result
USD 51.0M
Revenue, FY2025 · full 16-year series below
Revenue Net income
0.020.040.060.080.10.0201020132016201920222025
0.020.040.060.080.10.02016201920222025

7 cents of every revenue dollar became profit this year.

Per share
USD 0.10
Diluted EPS, FY2025
EPS
0.40.81.20.10201020132016201920222025
0.40.81.20.102016201920222025

The company pays no cash dividend.

Profitability
5.4%
Return on equity, FY2025
ROE
40801205.4%201020132016201920222025
40801205.4%2016201920222025
Operating margin11.2%
Net margin7.0%
Return on assets4.2%

Each USD of equity produced 5 cents of profit this year.

Returned to shareholders
USD 2.6M
returned in FY2025 · dividends + net buybacks
Dividends paid
Net buybacksUSD 2.6M
Share of profit73.2%
Consecutive raises

USD 2.6M in buybacks — 73% of the year's profit went back to shareholders.

Growth
+14.3% a year
revenue, compounded over five years
CAGR
3 yrs
5 yrs
10 yrs
15 yrs
Revenue
+2.8%
+14.3%
+11.3%
+20.1%
Net income
−38.6%
−18.0%
−3.6%
EPS, diluted
−38.0%
−19.7%
−4.8%
Returned to shareholders
+88.1%

Compound annual rates per period — left blank where the series crosses a loss.

Share base
0.03B
Shares outstanding, FY2025
0.030.03201020132016201920222025
0.030.032016201920222025
Change, 5 years−1.5%
Change, 10 years+22.0%

The share count shrank 2% in five years — the same company, cut into fewer, larger slices.

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Balance sheet
USD 88.4M
total assets, end of FY2025
Total assetsUSD 88.4M
EquityUSD 67.0M
CashUSD 20.5M
Current ratio2.16×

Equity funds 76% of total assets.

History
16 fiscal years
Every figure from documents filed with the SEC · USD
Metric
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
Revenue $B
0.1
0.0
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Operating income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
−0.0
0.0
0.0
EBITDA $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
−0.0
0.0
0.0
Income tax $B
0.0
0.0
0.0
−0.0
−0.0
−0.0
−0.0
0.0
−0.0
0.0
0.0
0.0
0.0
−0.0
−0.0
−0.0
Net income $B
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
−0.0
0.0
−0.0
−0.0
−0.0
−0.0
0.0
0.0
EPS, diluted $
0.10
0.14
0.33
0.42
0.08
0.30
0.13
0.13
−0.01
0.00
−0.37
−0.94
−0.22
−0.06
1.13
0.21
Dividend / sh $
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
Payout %
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
·
ROE %
5.4
8.2
22.8
38.3
9.8
46.2
40.1
67.7
−7.1
0.4
−123.5
−100.1
−15.0
−4.1
117.3
65.8
Shares out B
0.03
0.04
0.04
0.04
0.04
0.04
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03

Slide the table for earlier years · "·" marks figures not disclosed in the filing for that year.

How we verifyAUDITED
46 of 46
checks passed before publication
EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidity

Every figure was compared against the original statement: 0 failures and 0 presentation gaps.

What we don’t show

We’d rather say what’s missing than fill the gap with an estimate.

P/E rationeeds a market quote — not yet licensed
Market capitalizationneeds a market quote — not yet licensed
Dividend yieldneeds a market quote — not yet licensed
Price-to-bookneeds a market quote — not yet licensed