Heritage Global Inc. income statement
In fiscal 2025, Heritage Global Inc. reported revenue of $51.0m, up 12.4% on the year before, operating income of $5.7m (a 11.2% margin) and net income of $3.6m, or $0.10 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2010Dec 2010 | 2011Dec 2011 | 2012Dec 2012 | 2013Dec 2013 | 2014Dec 2014 | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 3 | 17 | 14 | 9 | 20 | 17 | 24 | 20 | 24 | 26 | 26 | 26 | 47 | 61 | 45 | 51 | 48 |
| Cost of revenue | — | — | — | 3 | 5 | — | — | — | — | — | — | — | — | — | — | 37 | 78 |
| Gross profit | — | — | — | 6 | 15 | — | — | — | — | — | — | — | — | — | — | 14 | −30 |
| Selling, general and administrative | 3 | 4 | 10 | 10 | 11 | 13 | 12 | 14 | 15 | 16 | 14 | 15 | 21 | 26 | 24 | 25 | 31 |
| Operating income | 5 | 5 | −2 | −3 | −2 | −10 | 0 | 0 | 4 | 3 | 6 | 3 | 11 | 14 | 9 | 6 | −18 |
| Interest expense | 0 | 0 | — | 0 | 0 | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Income before tax | 5 | 4 | −3 | −3 | −2 | −10 | 0 | −1 | 4 | 3 | 6 | 3 | 11 | 14 | 9 | 6 | −18 |
| Income tax | −1 | −26 | −1 | 3 | 25 | 0 | 0 | −0 | 0 | −1 | −4 | −0 | −4 | 2 | 4 | 2 | −5 |
| Net income | 6 | 31 | −2 | −6 | −27 | −10 | 0 | −0 | 4 | 4 | 10 | 3 | 15 | 12 | 5 | 4 | −14 |
| Diluted EPS | $0.21 | $1.13 | −$0.06 | −$0.22 | −$0.94 | −$0.37 | $0.00 | −$0.01 | $0.13 | $0.13 | $0.30 | $0.08 | $0.42 | $0.33 | $0.14 | $0.10 | −$0.41 |
| Diluted shares (average) | — | 27m | 28m | 29m | 28m | 28m | 28m | 28m | 29m | 29m | 33m | 37m | 37m | 38m | 37m | 35m | 35m |
| EBITDA | 5 | 5 | −2 | −2 | −1 | −10 | 1 | 1 | 4 | 3 | 6 | 3 | 12 | 15 | 10 | 6 | −17 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10 | 11 | 13 | 14 | 11 | 12 | 13 | 12 |
| Cost of revenue | — | — | — | — | 12 | 11 | 49 | 6 |
| Gross profit | — | — | — | — | −1 | 1 | −36 | 6 |
| Selling, general and administrative | 6 | 6 | 7 | 6 | 6 | 6 | 8 | 11 |
| Operating income | 1 | 1 | 1 | 2 | 1 | 1 | 1 | −21 |
| Income before tax | 1 | 2 | 1 | 2 | 1 | 1 | 1 | −21 |
| Income tax | 0 | 2 | 0 | 1 | −1 | 1 | 0 | −5 |
| Net income | 1 | −0 | 1 | 2 | 1 | 0 | 1 | −16 |
| Diluted EPS | $0.03 | $0.00 | $0.03 | $0.05 | $0.02 | $0.01 | $0.02 | −$0.46 |
| EBITDA | 2 | 2 | 2 | 2 | 1 | 1 | 1 | −21 |
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