Heritage Global Inc. (HGBL)

Heritage Global Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	46.66	45.36	60.55	46.91	25.79	26.18
Revenue Growth (YoY)	-16.82%	-25.08%	29.05%	81.89%	-1.49%	0.06%
Cost of Revenue	15.68	14.13	20.73	20.91	7.43	9.11
Gross Profit	30.98	31.24	39.81	26	18.36	17.07
Selling, General & Admin	24.44	24.27	26.04	21.33	15.41	14.45
Other Operating Expenses	-	-	-	-	-0.6	-
Operating Expenses	25.01	24.86	26.55	21.86	15.27	14.81
Operating Income	5.97	6.38	13.26	4.14	3.09	2.26
Interest Expense	-0	-0.09	-0.32	-0.11	-0.02	-0.05
Earnings From Equity Investments	1.95	2.69	1.06	6.98	-0.08	3.8
EBT Excluding Unusual Items	7.97	8.97	14	11.01	2.99	6.01
Pretax Income	7.97	8.97	14	11.01	2.99	6.01
Income Tax Expense	3.52	3.79	1.52	-4.49	-0.06	-3.64
Net Income	4.45	5.18	12.48	15.49	3.05	9.66
Net Income to Common	4.45	5.18	12.48	15.49	3.05	9.66
Net Income Growth	-61.15%	-58.46%	-19.48%	407.47%	-68.39%	147.70%
Shares Outstanding (Basic)	36	36	37	36	35	30
Shares Outstanding (Diluted)	37	37	38	37	37	33
Shares Change (YoY)	-2.11%	-1.21%	1.32%	0.53%	12.82%	11.74%
EPS (Basic)	0.12	0.14	0.34	0.43	0.09	0.32
EPS (Diluted)	0.12	0.14	0.33	0.42	0.08	0.30
EPS Growth	-60.07%	-57.58%	-21.43%	425.00%	-73.33%	130.77%
Free Cash Flow	1.16	7.61	12.76	6.27	-4.06	9.14
Free Cash Flow Per Share	0.03	0.20	0.34	0.17	-0.11	0.28
Gross Margin	66.39%	68.86%	65.76%	55.43%	71.20%	65.21%
Operating Margin	12.79%	14.06%	21.90%	8.83%	11.99%	8.64%
Profit Margin	9.53%	11.42%	20.61%	33.02%	11.84%	36.89%
Free Cash Flow Margin	2.49%	16.77%	21.08%	13.36%	-15.73%	34.91%
EBITDA	6.53	6.97	13.77	4.68	3.55	2.63
EBITDA Margin	14.00%	15.36%	22.75%	9.97%	13.78%	10.03%
D&A For EBITDA	0.57	0.59	0.51	0.54	0.46	0.36
EBIT	5.97	6.38	13.26	4.14	3.09	2.26
EBIT Margin	12.79%	14.06%	21.90%	8.83%	11.99%	8.64%
Effective Tax Rate	44.17%	42.25%	10.86%	-	-	-
Revenue as Reported	46.66	45.36	60.55	46.91	25.79	26.18
Advertising Expenses	-	0.61	0.6	0.45	0.36	0.44

Updated Mar 13, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q