Heritage Global Inc Dossier
Financial Snapshot
Revenue, profitability, returns, debt, and capital allocation
Revenue $48.2M+6.3% YoYTTM through 30 Jun 2026
Net Income -$14.3M-375.7% YoYTTM through 30 Jun 2026
Free Cash Flow -$1.1MTTM through 30 Jun 2026
Margins
| Current | |
|---|---|
| Operating Margin | 11.2% |
| Net Margin | -29.6% |
Returns
5.4%ROE
4.1%ROA
Balance Sheet Health
Debt / Equity0.06x
Current Ratio2.17x
Net Debt-$16.4Mnet cash position
Cash & Equivalents$13.2M
Quality Metrics
Altman Z-Score-3.27
Piotroski F-Score4 / 9
FCF Margin-2.3%
Rule of 408.0
Earnings-Beat Rate25.0%
Multi-Year Trend
RevenueFY2025: $51M
Diluted EPS-$0.42TTMFY2025: $0.10
Dividend
No dividend
Capital Allocation
Capex Intensity3.5%
Segment Performance
| Segment | Revenue | YoY | Outlook |
|---|---|---|---|
| Auction and Liquidation | View detailsOpened a new San Diego facility in early 2026 to consolidate warehouse and operations. | ||
| Refurbishment & Resale | View detailsALT Note was repaid in full in August 2025. | ||
| Brokerage | |||
| Specialty Lending | View detailsExposed to significant credit concentration risk with its largest borrower representing 76% of total gross notes receivable ($21.5 million) in default/nonaccrual status as of December 31, 2025. |
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