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Heritage Global Inc (HGBL)
NASDAQ:HGBL
Earnings Data
Report Date
May 07, 2026After Close (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.03Last Year’s EPS
0.03Same Quarter Last Year
Strong Buy
Based on 3 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a mixed picture: operational positives include revenue growth (+10.2%), a move to net profitability, strong Industrial/ALT performance, a strategic and accretive DebtX acquisition, a new corporate HQ to support scaling, and a solid cash position. Offsetting these are meaningful profitability and balance-sheet headwinds — adjusted EBITDA roughly halved, Financial Assets operating income fell >50%, large expirations of NOLs, and a dramatic reduction in reported stockholders' equity. Management expressed optimism about 2026 pipeline activity and integration benefits, but the material declines in EBITDA and equity and near-term charge-off risk keep the outlook cautious. Overall, positives and negatives are balanced.Company Guidance
Revenue Growth Year-over-Year
Total revenue increased to $11.9M in FY2025 from $10.8M in FY2024, a +$1.1M improvement (+10.2%).
Net Income Turnaround
Net income was approximately $300K (≈ $0.01 per diluted share) in FY2025 versus a loss of approximately $200K (≈ -$0.01) in FY2024, representing a positive swing of ~$500K and a move to profitability.
Industrial Assets Division Strength
Industrial Assets operating income rose to ~$1.1M in Q4 2025 from ~$0.8M in the prior-year quarter, an increase of ~$300K (+37.5%), driven by auction and liquidation opportunities and a strong Q1 pipeline.
ALT Strong Close to Year
ALT reported operating income of $538K in Q4 2025 versus $276K in the prior-year period, an increase of $262K (≈ +95%), with high transaction volume in the quarter.
DebtX Acquisition and Accretive Outlook
Acquired substantially all assets of The Debt Exchange (DebtX); DebtX reported $800K in standalone operating income in 2025 and management expects the acquisition to be accretive on operating income and net income in calendar 2026, with integration described as smooth.
Improved Liquidity and Available Cash
Total cash balance of $20.5M as of 12/31/2025; net available cash (after amounts due to clients) was $13.2M. Management also authorized a new share repurchase program of up to $7.5M for the next three years (no repurchases executed in 2025).
New Corporate HQ and Capacity Expansion
Opened a new San Diego purpose-built facility consolidating warehouse and operations to increase auction capacity, office space, and headcount scalability—positioned to accelerate growth and efficiency.
Tax Asset Position Improved
Management removed the valuation allowance against deferred tax assets, expects to utilize remaining federal net operating loss carryforwards of ~$15.5M, and reported a reduced non-cash tax allowance adjustment of $100K in Q4 2025 (versus $1.3M in Q4 2024).
HGBL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
HGBL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Mar 12, 2026 | $1.23 | $1.17 | -4.88% |
Nov 06, 2025 | $1.43 | $1.30 | -9.09% |
Aug 07, 2025 | $2.08 | $2.00 | -3.85% |
May 08, 2025 | $2.00 | $2.05 | +2.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Heritage Global Inc (HGBL) report earnings?
Heritage Global Inc (HGBL) is schdueled to report earning on May 07, 2026, After Close (Confirmed).
What is Heritage Global Inc (HGBL) earnings time?
Heritage Global Inc (HGBL) earnings time is at May 07, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is HGBL EPS forecast?
HGBL EPS forecast for the fiscal quarter 2026 (Q1) is 0.03.