Heritage Global Inc. (HGBL) — SEC Filings
Heritage Global Inc. (HGBL) — 22 SEC filings. Latest: 10-Q (Nov 6, 2025). Includes 6 10-Q, 5 8-K, 3 DEFA14A.
View Heritage Global Inc. on SEC EDGAR
Overview
Heritage Global Inc. (HGBL) is a publicly traded company tracked on ReadTheFiling. The most recent enriched filing is a 10-Q filed on Nov 6, 2025: Heritage Global Inc. reported a mixed financial performance for the nine months ended September 30, 2025. Total revenues increased by 13.1% to $39.123 million from $34.594 million in the prior year, primarily driven by a significant rise in asset sales revenue to $13.734 million from $9.067 million.
Sentiment Summary
Across 22 filings, the sentiment breakdown is: 3 bullish, 2 bearish, 17 neutral. The dominant filing sentiment for Heritage Global Inc. is neutral.
Filing Type Overview
Heritage Global Inc. (HGBL) has filed 6 10-Q, 5 8-K, 3 DEFA14A, 2 DEF 14A, 2 10-K, 2 SC 13G/A, 1 SC 13G, 1 10-K/A with the SEC between Feb 2024 to Nov 2025.
Filings by Year
Recent SEC Filings (22)
Risk Profile
Risk Assessment: Of HGBL's 21 recent filings, 0 were flagged as high-risk, 8 as medium-risk, and 13 as low-risk. The overall risk profile suggests relatively low risk with generally favorable filings.
Financial Highlights
| Metric | Value |
|---|---|
| Revenue | $39.123M |
| Net Income | $3.286M |
| EPS | $0.09 |
| Debt-to-Equity | N/A |
| Cash Position | $19.434M |
| Operating Margin | 12.6% |
| Total Assets | N/A |
| Total Debt | $4.100M |
Key Executives
- Board of Directors
- David Ludwig
- December 29, 2023
- February 13, 2024
- COLLIN MCBIRNEY
Industry Context
Heritage Global operates in the asset disposition and valuation industry, which is often cyclical and dependent on economic conditions. The industry involves managing and liquidating assets for various clients, including corporations undergoing restructuring or bankruptcy. Competition can be intense, with firms differentiating on expertise, global reach, and transaction speed.
Top Tags
corporate-governance (4) · 10-Q (4) · financials (4) · Heritage Global Inc. (3) · SEC Filing (2) · reporting (2) · proxy-statement (2) · 10-K (2) · acquisition (2) · growth (2)
Key Numbers
| Metric | Value | Context |
|---|---|---|
| Total Revenues | $39.123M | Increased by 13.1% for the nine months ended September 30, 2025, from $34.594M in 2024 |
| Net Income | $3.286M | Decreased by 39.0% for the nine months ended September 30, 2025, from $5.385M in 2024 |
| Earnings of equity method investments | $0.212M | Decreased significantly from $2.622M in 2024 for the nine months ended September 30, 2025 |
| Cash and cash equivalents | $19.434M | Decreased from $21.749M at December 31, 2024 |
| Purchase of property and equipment | $7.861M | Significant cash outflow in investing activities for the nine months ended September 30, 2025 |
| New Share Repurchase Program | $7.5M | Authorized on July 31, 2025, through June 30, 2028 |
| Common shares outstanding | 34,741,553 | As of November 1, 2025 |
| Diluted Net Income Per Share | $0.09 | Decreased from $0.14 in 2024 for the nine months ended September 30, 2025 |
| Total Liabilities | $20.014M | Increased from $16.108M at December 31, 2024 |
| Non-current portion of third party debt | $4.100M | Increased from zero at December 31, 2024 |
| Net Loss | $0.2M | For six months ended June 30, 2025, a swing from $1.5M net income in prior year. |
| Product Sales Revenue | $1.1M | For six months ended June 30, 2025, down from $1.3M in prior year. |
| Total Assets | $104.9M | As of June 30, 2025, decreased from $106.2M at December 31, 2024. |
| Two Thousand Twenty-One Credit Facility Balance | $10.0M | As of June 30, 2025, indicating debt obligations. |
| ASU 2022-02 Adoption Date | 2025-01-01 | Impacts accounting for acquired loans. |
Forward-Looking Statements
- {"claim":"Heritage Global Inc. may see increased investor interest due to Vanguard's stake.","entity":"Heritage Global Inc.","targetDate":"Q2 2024","confidence":"medium"}
- {"claim":"Topline Capital Management, LLC will maintain a significant stake in Heritage Global Inc. for the foreseeable future.","entity":"Topline Capital Management, LLC","targetDate":"2025-12-31","confidence":"medium"}
Frequently Asked Questions
What are the latest SEC filings for Heritage Global Inc. (HGBL)?
Heritage Global Inc. has 22 recent SEC filings from Feb 2024 to Nov 2025, including 6 10-Q, 5 8-K, 3 DEFA14A. Each filing includes an AI-generated plain-English summary.
What is the overall sentiment of HGBL filings?
Across 22 filings, the sentiment breakdown is: 3 bullish, 2 bearish, 17 neutral. The dominant sentiment is neutral.
Where can I find Heritage Global Inc. SEC filings explained simply?
ReadTheFiling provides AI-powered plain-English summaries of all Heritage Global Inc. (HGBL) SEC filings, including 10-K annual reports, 10-Q quarterly reports, 8-K current reports, and insider trades.
What are the key financial highlights for Heritage Global Inc.?
Key financial highlights from Heritage Global Inc.'s most recent 10-Q include metrics such as revenue, net income, EPS, and debt ratios. Visit the filing detail page for the full breakdown.
What is the investment thesis for HGBL?
The investment thesis for HGBL includes bull, base, and bear case scenarios derived from AI analysis of recent SEC filings.
Who are the key executives at Heritage Global Inc.?
Key executives identified across Heritage Global Inc.'s filings include Board of Directors, David Ludwig, December 29, 2023, February 13, 2024, COLLIN MCBIRNEY.
What are the main risk factors for Heritage Global Inc. stock?
Of HGBL's 21 assessed filings, 0 were flagged high-risk, 8 medium-risk, and 13 low-risk.
What are recent predictions and forward guidance from Heritage Global Inc.?
Recent forward-looking statements from Heritage Global Inc. include guidance on {"claim":"Heritage Global Inc. may see increased investor interest due to Vanguard's stake.","entity":"Heritage Global I and 1 other predictions.