Every 10-Q that HERITAGE GLOBAL INC (HGBL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow HGBL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full HGBL filings page.
Heritage Global Inc. reported weaker results for the quarter ended June 30, 2026. Total revenues were $12.3 million, down from $14.3 million a year earlier, and the company recorded a net loss of $15.9 million versus net income of $1.6 million in 2025.
Results were dominated by the Specialty Lending segment, where Heritage recorded a non-cash impairment of $18.2 million on equity method investments and a $3.5 million increase in the allowance for credit losses on notes receivable, tied to continuing difficulties with its largest borrower. Operating loss for the quarter was $20.9 million.
Cash and cash equivalents were $13.2 million and notes receivable in nonaccrual status had an amortized cost basis of $4.6 million. Total assets declined to $70.4 million and stockholders’ equity to $51.9 million. Subsequent to quarter-end, the board approved a strategic plan to wind down the Specialty Lending segment and completed the acquisition of Boston Note Company. Earlier in 2026, the company acquired substantially all assets of The Debt Exchange, Inc. for about $8.5 million, adding the DebtX commercial loan advisory business.
Heritage Global Inc. reported first-quarter 2026 net income of $0.7 million, down from $1.1 million a year earlier, as revenue slipped to $12.7 million from $13.5 million. Margins were pressured by higher selling, general and administrative expenses and a loss contribution from the newly acquired DebtX unit.
The company closed the $8.5 million acquisition of The Debt Exchange, Inc., adding the DebtX commercial loan advisory business, which generated $0.6 million of revenue but a $0.6 million net loss in the quarter. Total assets were $85.0 million, with cash of $11.6 million and a $4.1 million mortgage on its headquarters.
Heritage Global’s specialty lending operations remain heavily exposed to a single defaulted borrower. As of March 31, 2026, loans in nonaccrual status totaled $23.7 million, including $4.8 million in notes receivable and $18.9 million within equity method investments. Management is pursuing a multi‑year workout focused on monetizing the underlying charged‑off consumer portfolios, but future recoveries are uncertain.
Heritage Global Inc. (HGBL) reported Q3 2025 results. Total revenues were $11.36 million, up from $10.41 million a year ago, driven by asset sales of $3.89 million. Net income was $0.59 million versus $1.09 million in the prior-year quarter. For the nine months, revenues rose to $39.12 million from $34.59 million, while net income was $3.29 million compared to $5.39 million.
Cash was $19.43 million and total assets were $86.51 million as of September 30, 2025. Stockholders’ equity was $66.50 million. The company closed on a new headquarters property, lifting property and equipment to $9.49 million, and recorded $4.10 million in non‑current mortgage debt. Operating cash flow was $4.56 million year‑to‑date; investing used $8.92 million, and financing provided $2.05 million. The 2022 buyback retired 2,897,658 shares; a new $7.5 million repurchase authorization runs through June 30, 2028, with no repurchases as of quarter‑end. Notes receivable and equity‑method loans include $22.3 million in nonaccrual balances tied to the largest borrower.