Heritage Global Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	49.89	45.36	60.55	46.91	25.79	26.18
Revenue Growth (YoY)	0.02%	-25.08%	29.05%	81.89%	-1.49%	0.06%
Cost of Revenue	18.72	14.13	20.73	20.91	7.43	9.11
Gross Profit	31.17	31.24	39.81	26	18.36	17.07
Selling, General & Admin	24.52	24.27	26.04	21.33	15.41	14.45
Other Operating Expenses	-	-	-	-	-0.6	-
Operating Expenses	25.03	24.86	26.55	21.86	15.27	14.81
Operating Income	6.14	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	0.28	2.69	1.06	6.98	-0.08	3.8
EBT Excluding Unusual Items	6.62	8.97	14	11.01	2.99	6.01
Pretax Income	6.62	8.97	14	11.01	2.99	6.01
Income Tax Expense	3.54	3.79	1.52	-4.49	-0.06	-3.64
Net Income	3.08	5.18	12.48	15.49	3.05	9.66
Net Income to Common	3.08	5.18	12.48	15.49	3.05	9.66
Net Income Growth	-69.99%	-58.46%	-19.48%	407.47%	-68.39%	147.70%
Shares Outstanding (Basic)	36	36	37	36	35	30
Shares Outstanding (Diluted)	36	37	38	37	37	33
Shares Change (YoY)	-2.67%	-1.21%	1.32%	0.53%	12.82%	11.74%
EPS (Basic)	0.09	0.14	0.34	0.43	0.09	0.32
EPS (Diluted)	0.09	0.14	0.33	0.42	0.08	0.30
EPS Growth	-68.02%	-57.58%	-21.43%	425.00%	-73.33%	130.77%
Free Cash Flow	-8.82	7.61	12.76	6.27	-4.06	9.14
Free Cash Flow Per Share	-0.24	0.20	0.34	0.17	-0.11	0.28
Gross Margin	62.47%	68.86%	65.76%	55.43%	71.20%	65.21%
Operating Margin	12.31%	14.06%	21.90%	8.83%	11.99%	8.64%
Profit Margin	6.18%	11.42%	20.61%	33.02%	11.84%	36.89%
Free Cash Flow Margin	-17.67%	16.77%	21.08%	13.36%	-15.73%	34.91%
EBITDA	6.65	6.97	13.77	4.68	3.55	2.63
EBITDA Margin	13.33%	15.36%	22.75%	9.97%	13.78%	10.03%
D&A For EBITDA	0.51	0.59	0.51	0.54	0.46	0.36
EBIT	6.14	6.38	13.26	4.14	3.09	2.26
EBIT Margin	12.31%	14.06%	21.90%	8.83%	11.99%	8.64%
Effective Tax Rate	53.42%	42.25%	10.86%	-	-	-
Revenue as Reported	49.89	45.36	60.55	46.91	25.79	26.18
Advertising Expenses	-	0.61	0.6	0.45	0.36	0.44

Updated Sep 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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