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Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions in the United States. It operates through three segments: Auction and Liquidation, Refurbishment and Resale, Brokerage, and Specialty Lending. The company offers a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services. It is also involved in identifying, valuing, acquiring, and monetizing underlying tangible assets. In addition, the company acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; and charged-off receivable portfolios. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was founded in 1937 and is headquartered in San Diego, California.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
Heritage Global Inc (NASDAQ: HGBL) is a publicly listed company; publicly available disclosures are limited, so its core operations and industry positioning are not clearly described in accessible materials. Because detailed information is sparse, major long-term growth drivers cannot be confidently identified here, and investors may view the stock as speculative exposure until SEC filings and corporate reports are reviewed.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 5.84M | 8.97M | 13.99M | 11.01M | 2.99M |
| Net income | 3.59M | 5.18M | 12.47M | 15.49M | 3.05M |
| Selling general administrative | 7.07M | 6.89M | 6.49M | 20.88M | 15.06M |
| Selling and marketing expenses | 0.69M | 0.61M | 0.60M | 0.45M | 0.36M |
| Gross profit | 13.80M | 14.21M | 21.39M | 26.00M | 18.36M |
| Reconciled depreciation | 1.16M | 1.25M | 0.51M | 0.54M | 0.46M |
| Ebit | 5.59M | 9.07M | 14.32M | 11.12M | 3.01M |
| Ebitda | 6.75M | 10.31M | 14.83M | 11.66M | 2.87M |
| Depreciation and amortization | 1.16M | 1.25M | 0.51M | 0.54M | -0.14M |
| Operating income | 5.59M | 9.07M | 14.32M | 11.12M | 3.01M |
| Other operating expenses | 45.39M | 36.30M | 46.23M | 42.77M | 23.30M |
| Interest expense | 0.13M | 0.09M | 0.32M | 0.11M | 0.02M |
| Tax provision | 2.26M | 3.79M | -4.89M | -4.49M | -0.06M |
| Net interest income | 0.13M | -0.09M | -0.24M | -0.11M | -0.02M |
| Income tax expense | 2.26M | 3.79M | 1.52M | -4.49M | -0.06M |
| Total revenue | 50.98M | 45.36M | 60.55M | 46.91M | 25.79M |
| Total operating expenses | 8.22M | 5.15M | 7.08M | 21.86M | 15.87M |
| Cost of revenue | 37.17M | 31.15M | 39.15M | 20.91M | 7.43M |
| Total other income expense net | 0.26M | -0.09M | -0.32M | -0.11M | -0.02M |
| Net income from continuing ops | 3.59M | 5.18M | 17.55M | 15.49M | 3.05M |
| Net income applicable to common shares | - | - | - | 15.49M | 3.05M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 88.44M | 81.31M | 85.39M | 67.56M | 50.46M |
| Intangible assets | 3.10M | 3.36M | 3.75M | 4.14M | 4.57M |
| Other current assets | 0.76M | 1.06M | -0.25M | 1.11M | 1.46M |
| Total liab | 21.46M | 16.11M | 24.31M | 19.26M | 17.82M |
| Total stockholder equity | 66.98M | 65.20M | 61.08M | 48.30M | 32.64M |
| Other current liab | 7.43M | 4.94M | 11.08M | -0.28M | 10.84M |
| Common stock | 0.38M | 0.37M | 0.37M | 0.37M | 0.37M |
| Capital stock | 0.38M | 0.38M | 0.38M | 0.38M | 0.37M |
| Retained earnings | -224.26M | -227.84M | -233.03M | -245.27M | -260.76M |
| Good will | 7.45M | 7.45M | 7.45M | 7.45M | 7.45M |
| Other assets | - | - | 0.00M | 13.76M | 6.32M |
| Cash | 20.52M | 21.75M | 12.28M | 12.67M | 13.62M |
| Total current liabilities | 15.54M | 14.60M | 14.73M | 16.23M | 14.22M |
| Current deferred revenue | - | 0.55M | 0.50M | 0.28M | 0.41M |
| Net debt | -14.80M | -19.04M | -2.40M | -5.52M | -7.04M |
| Short term debt | 0.83M | 1.20M | 2.52M | 4.11M | 2.98M |
| Short long term debt | - | 0.40M | 1.73M | 3.41M | 2.48M |
| Short long term debt total | 5.72M | 2.71M | 9.88M | 7.15M | 6.58M |
| Other stockholder equity | 290.86M | 292.67M | 293.73M | 293.19M | 293.03M |
| Property plant equipment | - | - | - | 1.57M | 4.17M |
| Total current assets | 33.59M | 33.13M | 26.29M | 23.89M | 23.28M |
| Long term investments | 21.06M | 20.89M | 21.36M | 18.22M | 4.68M |
| Net tangible assets | - | - | - | 36.70M | 20.63M |
| Net receivables | 6.38M | 4.97M | 9.19M | 5.49M | 4.99M |
| Long term debt | 4.10M | - | 5.50M | 0.87M | 1.35M |
| Inventory | 5.93M | 5.35M | 5.07M | 4.62M | 3.22M |
| Accounts payable | 7.27M | 7.42M | 0.64M | 12.11M | 0.34M |
| Accumulated other comprehensive income | - | - | -0.01M | - | - |
| Common stock total equity | - | - | - | 0.37M | - |
| Preferred stock total equity | - | - | - | 0.01M | - |
| Retained earnings total equity | - | - | - | -245.27M | - |
| Treasury stock | - | - | - | -0.40M | - |
| Non currrent assets other | 6.43M | 6.62M | 0.07M | 4.31M | 1.83M |
| Non current assets total | 54.84M | 48.18M | 59.10M | 43.67M | 27.18M |
| Capital lease obligations | 1.62M | 2.32M | 2.65M | 2.87M | 2.75M |
| Long term debt total | - | - | - | 0.87M | - |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | - | 10.87M | -25.93M | -12.61M | -2.36M |
| Change to liabilities | - | - | - | 4.13M | -3.10M |
| Total cashflows from investing activities | -9.39M | 10.87M | - | -7.52M | -10.20M |
| Net borrowings | 4.73M | -6.83M | - | 0.45M | 3.83M |
| Total cash from financing activities | 2.03M | -9.15M | 2.46M | 0.08M | 3.06M |
| Change to operating activities | - | - | - | - | -0.81M |
| Net income | 3.59M | 5.18M | 12.47M | 15.49M | 3.05M |
| Change in cash | -1.23M | 9.47M | -0.39M | -0.95M | -9.76M |
| Begin period cash flow | 21.75M | 12.28M | 12.67M | 13.62M | 23.39M |
| End period cash flow | 20.52M | 21.75M | 12.28M | 12.67M | 13.62M |
| Total cash from operating activities | 6.14M | 7.75M | 14.08M | 6.48M | -2.63M |
| Issuance of capital stock | - | 0.00M | 0.04M | 0.07M | 0.00M |
| Depreciation | 0.68M | 1.25M | 0.51M | 0.54M | 0.46M |
| Other cashflows from investing activities | 0.73M | 8.05M | - | 5.31M | -2.09M |
| Dividends paid | - | - | 5.89M | - | 0.99M |
| Change to inventory | -0.58M | -0.27M | -0.46M | -1.40M | -2.49M |
| Change to account receivables | -0.32M | 0.35M | -0.93M | 1.74M | -0.83M |
| Sale purchase of stock | -2.63M | -2.20M | -0.40M | -0.40M | -0.99M |
| Other cashflows from financing activities | -0.08M | -0.12M | 11.66M | 2.84M | -0.99M |
| Change to netincome | - | - | - | -11.40M | 1.07M |
| Capital expenditures | 8.47M | 0.14M | 0.26M | 0.21M | 1.43M |
| Change receivables | - | - | - | 1.74M | - |
| Cash flows other operating | - | - | - | -2.90M | - |
| Cash and cash equivalents changes | - | - | - | -0.95M | - |
| Change in working capital | -0.97M | 1.26M | -1.00M | 1.03M | -7.22M |
| Stock based compensation | 0.90M | 1.25M | 0.78M | 0.54M | 0.41M |
| Other non cash items | 0.33M | -3.04M | 0.90M | -6.15M | 0.75M |
| Free cash flow | -2.33M | 7.61M | 13.82M | 6.27M | -4.06M |
Sector: Financial Services Industry: Capital Markets
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| HGBL Heritage Global Inc |
-0.01 1.19% |
1.25 | - | 18.02 | 1.00 | 0.92 | 0.83 | 31.39 |
| GS Goldman Sachs Group Inc |
-3.13 0.36% |
865.82 | 17.21 | 16.00 | 4.47 | 2.26 | 11.15 | - |
| SCHW Charles Schwab Corp |
-1.09 1.18% |
91.49 | 19.53 | 13.89 | 7.16 | 4.22 | 8.80 | - |
| MS Morgan Stanley |
-1.00 0.55% |
181.44 | 16.50 | 13.76 | 2.80 | 1.65 | - | - |
| IBKR Interactive Brokers Group Inc |
- -% |
75.82 | 35.95 | 27.93 | 22.14 | 6.96 | 3.01 | 3.37 |
Heritage Global Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions in the United States. It operates through three segments: Auction and Liquidation, Refurbishment and Resale, Brokerage, and Specialty Lending. The company offers a suite of market making, acquisitions, refurbishment, dispositions, valuations, and secured lending services. It is also involved in identifying, valuing, acquiring, and monetizing underlying tangible assets. In addition, the company acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; and charged-off receivable portfolios. The company was formerly known as Counsel RB Capital Inc. and changed its name to Heritage Global, Inc. in August 2013. Heritage Global, Inc. was founded in 1937 and is headquartered in San Diego, California.
| Name | Title | Year Born |
|---|---|---|
| Mr. Ross M. Dove | Pres, CEO & Director | 1953 |
| Mr. David Van Ludwig | Pres of Financial Assets Division & Director | 1958 |
| Mr. Nicholas Kirk Dove | Pres of Industrial Assets Division | 1990 |
| Mr. Brian J. Cobb | Chief Financial Officer | 1984 |
| Mr. James Edward Sklar | Exec. VP, Gen. Counsel & Corp. Sec. | 1966 |
| Ms. Raspina Jannesar | Chief Marketing Officer | NA |
| Mr. Kirk Dove ASA | Founding Partner & Sr. Advisor | 1956 |
| Mr. Ross M. Dove | President, CEO & Director | 1953 |
| Mr. David Van Ludwig | President of Financial Assets Division & Director | 1958 |
| Mr. Nicholas Kirk Dove | President of Industrial Assets Division | 1990 |
Disclaimer - (*)This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on an ‘as is’ basis, using their API. We cannot guarantee the completeness or validity of the information and data provided on this page, as well as via the API. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general information purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine is not liable for any errors or omissions in the information provided or for any actions taken in reliance on it. You should seek advice from a financial adviser, stockbroker or other professional adviser (including taxation and legal advice) as necessary before acting on this information.
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