The earnings call presented a mixed picture. While there were several positive developments, such as exceeding the NOI goal, a strong pipeline, and robust performance in the financial assets division, there were also notable declines in operating income, net income, and adjusted EBITDA compared to the previous year. The company is focused on acquisitions and expanding its client base, which could lead to future growth.

Company Guidance -

Q3 2025

During the Heritage Global Inc. Second Quarter 2025 Earnings Call, CEO Ross Dove highlighted a robust quarter with a net operating income (NOI) of $2.2 million, surpassing their $2 million target. The company's Industrial Assets division reported an operating income of $1.3 million, while the Financial Assets division achieved $2.2 million. Adjusted EBITDA was $2.6 million, slightly down from $4 million in the prior year, primarily due to a significant transaction in 2024. The company holds a strong cash position with $19.8 million and a net available cash balance of $11.7 million. Heritage Global is actively pursuing acquisitions to enhance growth, supported by a solid pipeline and a strong balance sheet with stockholders' equity of $65.7 million. The call also emphasized their strategic focus on expanding both organically and through acquisitions, particularly in Europe, while maintaining a "fat wallet" for potential deals.

Exceeded NOI Goal

Heritage Global exceeded its NOI (Net Operating Income) goal, achieving $2.2 million, surpassing the $2 million target.

Strong Pipeline Across Revenue Sectors

The company reported a strong pipeline equally spread across all revenue sectors, with a good mixture of new clients and ongoing business from repeat clients.

Increased Acquisition Activity

Heritage Global is in serious acquisition mode, looking at multiple companies with plans for announcements within the next 6 to 12 months.

Robust Performance in Financial Assets Division

NLEX, the financial assets division, showed strong performance, actively onboarding new clients and maintaining a strong pipeline of opportunities.

Expansion in Asset Auctions

The ALT business successfully increased the number of auctions, contributing to an operating income of approximately $400,000.

Heritage Global (HGBL) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

HGBL Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 06, 2025	2025 (Q3)	0.04 / -	0.03	―	―	―
Aug 07, 2025	2025 (Q2)	0.04 / 0.05	0.07	-28.57% (-0.02)	―
May 08, 2025	2025 (Q1)	0.04 / 0.03	0.05	-40.00% (-0.02)	―
Mar 13, 2025	2024 (Q4)	0.07 / -0.01	0.13	-107.69% (-0.14)	―
Nov 07, 2024	2024 (Q3)	0.07 / 0.03	0.05	-40.00% (-0.02)	―
Aug 08, 2024	2024 (Q2)	0.08 / 0.07	0.07	0.00% (0.00)	―
May 09, 2024	2024 (Q1)	0.06 / 0.05	0.08	-37.50% (-0.03)	―
Mar 14, 2024	2023 (Q4)	0.07 / 0.13	0.27	-51.85% (-0.14)	―
Nov 09, 2023	2023 (Q3)	0.07 / 0.05	0.06	-16.67% (>-0.01)	―
Aug 10, 2023	2023 (Q2)	0.07 / 0.07	0.07	0.00% (0.00)	―

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
Aug 07, 2025	$2.08	$2.00	-3.85%
May 08, 2025	$2.00	$2.05	+2.50%
Mar 13, 2025	$2.09	$2.36	+12.92%
Nov 07, 2024	$1.70	$1.63	-4.12%

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 Nov 06, 2025, After Close (Confirmed).

What is Heritage Global Inc (HGBL) earnings time?

Heritage Global Inc (HGBL) earnings time is at Nov 06, 2025, 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 2025 (Q3) is 0.05.

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