The earnings call presented a mixed outlook. While there were significant achievements such as surpassing NOI goals, a strong financial assets pipeline, and strategic acquisition plans, there were also notable challenges including a decrease in operating income, EBITDA, and net income compared to the previous year.

Company Guidance

During the Heritage Global Inc. Second Quarter 2025 Earnings Call, the company highlighted its financial performance and strategic direction. Net operating income (NOI) surpassed the $2 million goal, reaching $2.2 million, while consolidated operating income was reported at $2.2 million compared to $3.5 million in the previous year. The Industrial Assets division posted an operating income of $1.3 million, and the Financial Assets division also recorded $2.2 million in operating income. Adjusted EBITDA stood at $2.6 million, with net income at $1.6 million or $0.05 per diluted share. The company emphasized its robust pipeline across revenue sectors, plans for strategic acquisitions, and a strong balance sheet, with stockholders' equity at $65.7 million and a net available cash balance of $11.7 million. Heritage Global is actively pursuing M&A opportunities, aiming to announce significant deals within the next 6 to 12 months. The call concluded with management expressing confidence in the company's stability and growth potential.

Exceeded Net Operating Income (NOI) Goal

Heritage Global exceeded its $2 million NOI goal by achieving $2.2 million, which was seen as encouraging and indicative of a solid quarter.

Strong Pipeline and Client Growth in Financial Assets

NLEX, the financial assets division, has built a strong and trusted brand, continuing to add new and bulk sellers regularly, with a strong pipeline of opportunities expected to sustain performance throughout 2025.

Strategic Acquisition Plan

Heritage Global is in a serious acquisition mode, looking at multiple companies, with plans to announce deals within 6 to 12 months, aiming for significant growth.

Positive Industrial Sector Performance

The industrial assets division saw a healthy spread of large multinational firms aggressively managing their surplus, with an increase in auctions and steady asset pricing levels.

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)	0.05 / -	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.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing