Heritage Global HGBL
Heritage Global reports $1.04 million net income for Q3 2026
- Form
- 10-Q
- Filed
- Importance
- Notable
- Accession
- 0001193125-26-449710
- Revenue of $14.59 million for the three months ended Sep 30, 2026
- Net income of $1.04 million for the three months ended Sep 30, 2026
- Diluted EPS of $0.03 for the three months ended Sep 30, 2026
- Cash and equivalents of $15.59 million as of Sep 30, 2026
Written from the 10-Q on EDGAR. AI can make mistakes. Check the filing.
What changed since last quarter
No new risk factors or legal mentions.
Compared with the 10-Q for the period ended Jun 30, 2026.
| This filing | Previous | Change vs prior 10-Q | |
|---|---|---|---|
| Revenue | $14.59M | $12.27M | +19% |
| Operating income and margin | $1.04M · 7.2% | −$20.91M · -170.5% | +105%, margin +177.7 pts |
| Net income | $1.04M | −$15.89M | +107% |
| Operating cash flow | $3.38M | $1.62M | +109% |
| Cash | $15.59M | $13.18M | +18% |
The reading, claim by claim
- Heritage Global Inc. reported revenue of $14.6 million for the quarter ended September 30, 2026, according to its 10-Q filing.
- The company also reported a net income of $1.0 million for the same period.
- The company's balance sheet as of September 30, 2026, shows total assets of $77.2 million.
- Total liabilities were $24.0 million, and stockholders' equity was $53.1 million.
- Cash and cash equivalents decreased to $15.6 million from $20.5 million as of December 31, 2025.
5 of 5 claims matched the filing text.
From the filing's financial data, not stated in its text
From this 10-Q's financial data (XBRL) for the quarter ended September 30, 2026
- The company's revenue increased by 28.4% compared to the same quarter in the previous year.
From the filing
Item 1. Financ ial Statements.
Item 1. Financ ial Statements.
HERITAGE GLOBAL INC.
CONDENSED CONSOLIDA TED BALANCE SHEETS
(In thousands of US dollars, except share and per share amounts)
ASSETS
(unaudited)
Current assets:
Accounts receivable, net
2,805
1,857
Current portion of notes receivable, net
963
4,528
Inventory – equipment
6,621
5,931
Other current assets
925
756
Total current assets
26,905
33,594
Non-current portion of notes receivable, net
3,370
4,893
Equity method investments
3,175
21,060
Property and equipment, net
12,106
10,884
Right-of-use assets
903
1,518
Intangible assets, net
6,428
3,100
Goodwill
13,954
7,446
Deferred tax assets
9,509
4,402
Other assets
814
1,542
$
88,439
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
Accounts payable and accrued liabilities
$
5,472
$
6,487
Payables to sellers
9,177
7,273
Current portion of third party debt
2,000
—
Current portion of lease liabilities
686
829
Other current liabilities
1,604
948
Total current liabilities
18,939
15,537
Non-current portion of third party debt
4,100
4,100
Non-current portion of lease liabilities
372
790
Other non-current liabilities
637
1,029
21,456
Stockholders' equity:
Preferred stock, $ 10.00 par value, authorized 10,000,000 shares; issued and outstanding 563 of Series N as of September 30, 2026 and December 31, 2025; with liquidation preference over common stockholders equivalent to $ 1,000 per share
6
6
Common stock, $ 0.01 par value, authorized 300,000,000 shares; issued 37,755,137 and 37,639,211 shares as of September 30, 2026 and December 31, 2025, respectively; and outstanding 34,647,415 and 34,741,553 shares as of September 30, 2026 and December 31, 2025, respectively
378
376
Additional paid-in capital
297,017
296,477
Accumulated deficit
( 238,391
)
( 224,257
)
Treasury stock at cost, 3,107,722 and 2,897,658 shares as of September 30, 2026 and December 31, 2025, respectively
( 5,894
)
( 5,619
)
66,983
Total liabilities and stockholders' equity
$
77,164
$
88,439
The accompanying notes are an integral part of these condensed consolidated unaudited financial statements.
3
HERITAGE GLOBAL INC.
CONDENSED CONSOLIDATED S TATEMENTS OF INCOME
(In thousands of US dollars, except share and per share amounts) (unaudited)
Three Months Ended September 30,
Nine Months Ended September 30,
2026
2025
2026
2025
Revenues:
Services revenue
$
9,821
$
7,475
$
24,642
$
25,389
Asset sales
4,770
3,885
14,939
13,734
11,360
39,581
39,123
Operating costs and expenses:
Cost of services revenue
2,363
1,451
4,535
6,098
Cost of asset sales
3,003
2,609
9,180
9,303
Selling, general and administrative
7,980
5,968
26,439
18,642
Depreciation and amortization
206
120
620
356
Total operating costs and expenses
13,552
10,148
40,774
34,399
Earnings (loss) of equity method investments
5
89
( 17,666
)
212
Operating income (loss)
1,044
1,301
( 18,859
)
4,936
Interest and other (expense) income, net
( 83
)
34
( 168
)
108
Income (loss) before income tax (benefit) expense
961
1,335
( 19,027
)
5,044
Income tax (benefit) expense
( 76
)
750
( 4,893
)
1,758
$
585
$
( 14,134
)
$
3,286
Weighted average common shares outstanding – basic
34,739,768
34,547,477
34,655,037
35,585,976
Weighted average common shares outstanding – diluted
35,070,982
35,205,152
34,655,037
36,255,562
Net income (loss) per share – basic
$
0.03
$
0.02
$
( 0.41
)
$
0.09
Net income (loss) per share – diluted
$
0.03
$
0.02
$
( 0.41
)
$
0.09
The accompanying notes are an integral part of these condensed consolidated unaudited financial statements.
4
HERITAGE GLOBAL INC.
CONDENSED CONSOLIDATED STATEM ENTS OF STOCKHOLDERS' EQUITY
(In thousands of US dollars, except share amounts) (unaudited)
Additional
Preferred stock
Common stock paid-in
Accumulated
Treasury stock
Shares
Amount
Shares
Amount capital deficit
Shares
Amount
Total
Balance as of December 31, 2025
563
$
6
37,639,211
$
376
$
296,477
$
( 224,257
)
2,897,658
$
( 5,619
)
$
66,983
Issuance of restricted common stock
—
—
100,000
1
( 1
)
—
—
—
—
Stock-based compensation expense
—
—
—
—
211
—
—
—
211
Repurchase of common stock
—
—
—
—
—
—
106,799
( 141
)
( 141
)
Net income
—
—
—
—
—
717
—
—
717
Balance as of March 31, 2026
563
6
37,739,211
377
296,687
( 223,540
)
3,004,457
( 5,760
)
67,770
Issuance of common stock from stock option awards
—
—
7,956
—
( 7
)
—
—
—
( 7
)
Stock-based compensation expense
—
—
—
—
171
—
—
—
171
Repurchase of common stock
—
—
—
—
—
—
103,265
( 134
)
( 134
)
Net loss
—
—
—
—
—
( 15,888
)
—
—
( 15,888
)
Balance as of June 30, 2026
563
6
37,747,167
377
296,851
( 239,428
)
3,107,722
( 5,894
)
51,912
Issuance of common stock from stock option awards
—
—
7,970
1
( 8
)
—
—
—
( 7
)
Stock-based compensation expense
—
—
—
—
174
—
—
—
174
Repurchase of common stock
—
—
—
—
—
—
—
—
—
Net income
—
—
—
—
—
1,037
—
—
1,037
Balance as of September 30, 2026
563
$
6
37,755,137
$
378
$
297,017
$
( 238,391
)
3,107,722
$
( 5,894
)
$
53,116
The accompanying notes are an integral part of these condensed consolidated unaudited financial statements.
5
HERITAGE GLOBAL INC.
CONDENSED CONSOLIDATED STATEMENTS OF STOCKHOLDERS' EQUITY (continued)
(In thousands of US dollars, except share amounts) (unaudited)
Additional
Preferred stock
Common stock paid-in
Accumulated
Treasury stock
Shares
Amount
Shares
Amount capital deficit
Shares
Amount
Total
Balance as of December 31, 2024
563
$
6
37,380,944
$
374
$
295,657
$
( 227,844
)
1,662,583
$
( 2,992
)
$
65,201
Issuance of restricted common stock
—
—
256,822
2
( 79
)
—
—
( 77
)
Stock-based compensation expense
—
—
—
—
280
—
—
—
280
Repurchase of common stock
490,651
( 1,042
)
( 1,042
)
Net income
—
—
—
—
—
1,064
—
—
1,064
Balance as of March 31, 2025
563
6
37,637,766
376
295,858
( 226,780
)
2,153,234
( 4,034
)
65,426
Issuance of common stock from stock option awards
—
—
1,445
—
( 1
)
—
—
—
( 1
)
Stock-based
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