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	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	48.94	45.36	60.55	46.91	25.79	26.18
Revenue Growth (YoY)	-11.05%	-25.08%	29.05%	81.89%	-1.49%	0.06%
Cost of Revenue	17.86	14.13	20.73	20.91	7.43	9.11
Gross Profit	31.09	31.24	39.81	26	18.36	17.07
Selling, General & Admin	24.24	24.27	26.04	21.33	15.41	14.45
Other Operating Expenses	-	-	-	-	-0.6	-
Operating Expenses	24.78	24.86	26.55	21.86	15.27	14.81
Operating Income	6.31	6.38	13.26	4.14	3.09	2.26
Interest Expense	-	-0.09	-0.32	-0.11	-0.02	-0.05
Earnings From Equity Investments	0.29	2.69	1.06	6.98	-0.08	3.8
EBT Excluding Unusual Items	6.78	8.97	14	11.01	2.99	6.01
Pretax Income	6.78	8.97	14	11.01	2.99	6.01
Income Tax Expense	3.19	3.79	1.52	-4.49	-0.06	-3.64
Net Income	3.59	5.18	12.48	15.49	3.05	9.66
Net Income to Common	3.59	5.18	12.48	15.49	3.05	9.66
Net Income Growth	-67.87%	-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)	-1.52%	-1.21%	1.32%	0.53%	12.82%	11.74%
EPS (Basic)	0.10	0.14	0.34	0.43	0.09	0.32
EPS (Diluted)	0.10	0.14	0.33	0.42	0.08	0.30
EPS Growth	-66.87%	-57.58%	-21.43%	425.00%	-73.33%	130.77%
Free Cash Flow	-3.09	7.61	12.76	6.27	-4.06	9.14
Free Cash Flow Per Share	-0.08	0.20	0.34	0.17	-0.11	0.28
Gross Margin	63.52%	68.86%	65.76%	55.43%	71.20%	65.21%
Operating Margin	12.89%	14.06%	21.90%	8.83%	11.99%	8.64%
Profit Margin	7.33%	11.42%	20.61%	33.02%	11.84%	36.89%
Free Cash Flow Margin	-6.32%	16.77%	21.08%	13.36%	-15.73%	34.91%
EBITDA	6.85	6.97	13.77	4.68	3.55	2.63
EBITDA Margin	13.99%	15.36%	22.75%	9.97%	13.78%	10.03%
D&A For EBITDA	0.54	0.59	0.51	0.54	0.46	0.36
EBIT	6.31	6.38	13.26	4.14	3.09	2.26
EBIT Margin	12.89%	14.06%	21.90%	8.83%	11.99%	8.64%
Effective Tax Rate	47.09%	42.25%	10.86%	-	-	-
Revenue as Reported	48.94	45.36	60.55	46.91	25.79	26.18
Advertising Expenses	-	0.61	0.6	0.45	0.36	0.44

Updated May 8, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q