Heritage Global Inc.
HGBL· Nasdaq· Services-Business Services, NEC
- Market cap
- –
- P/FCF
- –
- EV/Sales
- –
- FCF margin
- -4.6%
- ROIC, 5 yr avg
- –
- Revenue, 5 yr CAGR
- +14.3%
We record prices for the companies we cover; HGBL is not one of them yet.
Company statistics
Profile · FY2025
- Market cap
- –
- Enterprise value
- –
- Diluted shares
- 35.4M
- Revenue
- $51.0M
- Free cash flow
- -$2.3M
- Owner earnings
- -$3.2M
Valuation · FY2025
- P/E
- –
- P/FCF
- –
- P/Owner earnings
- –
- EV/Sales
- –
- EV/FCF
- –
- P/B
- –
Margins · FY2025
- Gross
- –
- Operating
- 11.2%
- Net
- 7.0%
- Free cash flow
- -4.6%
- Owner earnings
- -6.3%
- Stock pay
- 1.8%
Returns
- ROIC, FY2025
- –
- ROIC, 5 yr avg
- –
- ROE, FY2025
- 5.4%
- ROE, 5 yr avg
- 15.0%
Growth (CAGR)
- Revenue, 3 yr
- 2.8%
- Revenue, 5 yr
- 14.3%
- Revenue, 9 yr
- 8.8%
- Diluted EPS, 3 yr
- -38.0%
- Diluted EPS, 5 yr
- -19.7%
- Diluted EPS, 9 yr
- –
- Free cash flow, 3 yr
- –
- Free cash flow, 5 yr
- –
- Free cash flow, 9 yr
- –
Financial health · FY2025
- Cash and investments
- $20.5M
- Total debt
- –
- Net cash
- –
- Debt/Equity
- –
- Debt/FCF
- –
Shareholder returns · FY2025
- Dividend yield
- –
- Payout ratio
- –
- Buyback yield
- –
- Shareholder yield
- –
- Share count, 5 yr
- 1.6%
Financials: ten years from the 10-Ks
Revenue
$51.0M
+8.8% a year over 9 years
FY2016FY2025
Margins
Operating11.2%Net7.0%
FY2025
FY2016FY2025
Free cash flow and owner earnings
Free cash flow-$2.3MOwner earnings-$3.2M
FY2025
FY2016FY2025
Diluted shares
35.4M
+24.6% over 9 years, net dilution
FY2016FY2025
Return on invested capital
–
FY2025
FY2016FY2025
Net cash
–
$5.1M more cash than debt
FY2016FY2025
Every figure, year by year
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| The business | ||||||||||
| Revenue | $23.8M | $20.1M | $23.7M | $26.2M | $26.2M | $25.8M | $46.9M | $60.5M | $45.4M | $51.0M |
| Revenue growth | 36.7% | -15.5% | 17.6% | 10.6% | 0.1% | -1.5% | 81.9% | 29.1% | -25.1% | 12.4% |
| Gross margin | – | – | – | – | – | – | – | – | – | – |
| Operating margin | 0.8% | 1.8% | 17.2% | 11.7% | 23.1% | 11.7% | 23.7% | 23.7% | 20.0% | 11.2% |
| Net income | $14.0K | -$249.0K | $3.8M | $3.9M | $9.7M | $3.1M | $15.5M | $12.5M | $5.2M | $3.6M |
| Net margin | 0.1% | -1.2% | 15.9% | 14.9% | 36.9% | 11.8% | 33.0% | 20.6% | 11.4% | 7.0% |
| Diluted EPS | $0.00 | $-0.01 | $0.13 | $0.13 | $0.30 | $0.08 | $0.42 | $0.33 | $0.14 | $0.10 |
| Return on invested capital? | – | – | – | – | – | – | – | 22.8% | – | – |
| Cash | ||||||||||
| Operating cash flow | $3.9M | $1.2M | $7.5M | $794.0K | $9.1M | -$2.6M | $6.5M | $13.0M | $7.7M | $6.1M |
| Capital expenditure | $99.0K | $44.0K | $99.0K | $116.0K | $7.0K | $1.4M | $215.0K | $257.0K | $137.0K | $8.5M |
| Free cash flow | $3.8M | $1.1M | $7.4M | $678.0K | $9.1M | -$4.1M | $6.3M | $12.8M | $7.6M | -$2.3M |
| Stock-based compensation | $99.0K | $246.0K | $289.0K | $283.0K | $353.0K | $408.0K | $540.0K | $776.0K | $1.3M | $900.0K |
| Owner earnings? | $3.7M | $892.0K | $7.1M | $395.0K | $8.8M | -$4.5M | $5.7M | $12.0M | $6.4M | -$3.2M |
| Free cash flow per share | $0.13 | $0.04 | $0.26 | $0.02 | $0.28 | $-0.11 | $0.17 | $0.34 | $0.20 | $-0.07 |
| Capital allocation | ||||||||||
| Dividends paid | – | – | – | – | – | – | – | – | – | – |
| Share repurchases | – | – | – | – | – | $0 | $395.0K | $400.0K | $2.2M | $2.6M |
| Diluted shares | 28.4M | 28.5M | 28.9M | 29.3M | 32.7M | 36.9M | 37.1M | 37.6M | 37.1M | 35.4M |
| Share count change? | 0.6% | 0.1% | 1.5% | 1.3% | 11.7% | 12.8% | 0.5% | 1.3% | -1.2% | -4.6% |
| Balance sheet | ||||||||||
| Cash and equivalents | $2.5M | $2.1M | $4.3M | $2.7M | $23.4M | $13.6M | $12.7M | $12.3M | $21.7M | $20.5M |
| Short-term investments | – | – | – | – | – | – | – | – | – | – |
| Total debt | – | – | – | – | – | – | – | $7.2M | – | – |
| Net debt | – | – | – | – | – | – | – | -$5.1M | – | – |
| Shareholders' equity | $3.5M | $3.5M | $7.6M | $11.8M | $29.9M | $32.6M | $48.3M | $61.1M | $65.2M | $67.0M |
Latest filings
| 2026-08-13 | 10-Q | Quarterly report |
| 2026-05-07 | 10-Q | Quarterly report |
| 2026-04-21 | DEF 14A | Proxy statement |
| 2026-03-12 | 10-K | Annual report |
| 2025-11-06 | 10-Q | Quarterly report |
| 2025-08-07 | 10-Q | Quarterly report |
| 2025-05-08 | 10-Q | Quarterly report |
| 2025-04-22 | DEF 14A | Proxy statement |
| 2025-03-13 | 10-K | Annual report |
| 2024-11-07 | 10-Q | Quarterly report |
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