Friday 6 November 2026 Export HGBL’s income statement to Excel — free account

Heritage Global Inc.

HGBL Financial Capital Markets

Heritage Global Inc.’s revenue for fiscal 2025 (year ended December 2025) was $51.0 million, up 12.4% from fiscal 2024.

Revenue: +28.4%
EPS: +50.0%
Free cash flow: +1,218.9%
Total debt: +48.8%

Quarter to September 2026, against a year earlier

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1.26 0.00 0.00%

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Market cap: $43.7M
P/E: 0.0×
Fwd P/E: −3.4×
Dividend yield: —
F-score: 5/9
Altman Z: n/a
Beneish M: n/a
Dividend safety: n/a

Overview

	Older periods	Dec '25	Mar '26	Jun '26	Sep '26 From the 10-Q filed 5 Nov
P/E ratio Full definition →	+8 more quarters Free account	11.27	13.60	0.00	0.00
P/S ratio Full definition →		0.85	0.94	0.87	0.88
P/FCF ratio Full definition →		0.00	0.00	0.00	25.88
P/Operating CF Full definition →		27.34	(17.56)	25.91	13.37
P/B ratio Full definition →		0.64	0.69	0.81	0.85
Price to Tangible BV Full definition →		0.77	0.96	1.26	1.38
EV/Sales Full definition →		0.53	0.79	0.68	—
EV/EBITDA Full definition →		3.92	6.07	0.00	—
EV/Operating CF Full definition →		4.38	47.23	56.92	—
EV/FCF Full definition →		(11.53)	(50.73)	(30.10)	—
Quick Ratio Full definition →		1.44	1.09	1.16	0.97
Current Ratio Full definition →		2.16	1.95	1.69	1.42
Net Debt/EBITDA Full definition →		(10.39)	(5.50)	0.44	0.00
Debt/Assets Full definition →		4.64%	4.82%	5.83%	7.91%
Debt/Equity Full definition →		0.06	0.06	0.08	0.11
Asset Turnover Full definition →		0.60	0.59	0.61	0.63
Operating CF/Net income Full definition →		5.25	(3.74)	(0.10)	3.26
Capex/Depreciation Full definition →		(0.76)	(1.61)	(0.44)	0.00
Research and Development Expense of Revenue Full definition →		0.00%	0.00%	0.00%	0.00%
Selling, General and Administrative Expense of Revenue Full definition →		53.40%	59.87%	88.37%	54.69%
Intangible Assets out of Total Assets Full definition →		0.12	0.22	0.27	0.26
Share Based Compensation of Revenue Full definition →		1.58%	1.66%	1.39%	1.19%
Graham Net Nets Full definition →		0.28	0.14	0.11	0.06
Graham Number Full definition →		2.18	2.10	0.00	0.00
Earnings Yield Full definition →		8.87%	7.35%	(33.88%)	(30.77%)
Free Cash Flow Yield Full definition →		(5.40%)	(1.66%)	(2.61%)	3.86%
Revenue per Share Full definition →		0.34	0.37	0.35	0.42
Operating CF per Share Full definition →		0.05	(0.08)	0.05	0.10
Capex per Share Full definition →		(0.02)	(0.02)	(0.01)	(0.02)
Free Cash Flow per Share Full definition →		0.03	(0.09)	0.04	0.08
Cash per Share Full definition →		0.59	0.33	0.38	0.45
Shareholders Equity per Share Full definition →		1.92	1.96	1.50	1.53
Interest Debt per Share Full definition →		0.00	0.00	0.00	0.00
Book value per Share Full definition →		1.92	1.96	1.50	1.53
Free Cash Flow Full definition →		0.97	(3.24)	1.41	2.61
Working Capital Full definition →		18.06	11.56	9.42	7.97
Capital Expenditures Full definition →		(0.61)	(0.56)	(0.21)	(0.77)
Net Current Asset Value Full definition →		12.14	6.54	4.53	2.86
EV/EBIT Full definition →		4.71	7.47	0.00	—
Capex to Sales Full definition →		0.05	0.04	0.02	0.05
Price to Operating Income Full definition →		7.56	8.85	0.00	0.00
Other line items
Average Receivables Full definition →		1.71	1.69	2.34	2.32
Average Payables Full definition →		5.96	5.15	6.05	5.86
Average Inventory Full definition →		5.64	5.21	5.55	6.12
Average Assets Full definition →		84.87	85.84	79.03	81.84
Average Common Equity Full definition →		66.09	66.59	58.80	59.80

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Columns are period end dates · fundamentals updated 5 Nov 2026

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