HGBL - NASDAQ
Heritage Global Inc.
$1.46
-0.68%Heritage Global, Inc., together with its subsidiaries, operates as an asset services company with focus on financial and industrial asset transactions. The company provides market making, acquisitions, dispositions, valuations, and secured lending services. It focuses on identifying, valuing, acquiring, and monetizing underlying tangible and intangible assets. Heritage Global Inc. acts as an adviser, as well as a principal, acquiring, or brokering manufacturing facilities; surplus industrial machinery and equipment; industrial inventories; accounts receivable portfolios; intellectual property; and business enterprises. 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 incorporated in 1983 and is headquartered in San Diego, California.
At a Glance
Live SnapshotHeritage Global Inc. Cash Conversion Engine
Cash Flow Quality Analysis
FCF Conversion Rate
Negative free cash flow despite positive earnings raises concerns about cash generation ability or heavy capital requirements.
CapEx Intensity
Very high capital intensity consumes most operating cash flow. Limited flexibility for dividends or debt reduction.
FCF Growth Trend
Significant FCF decline raises concerns. Urgent review needed of operational performance and capital allocation.
Working Capital Impact
Moderate working capital outflow. Typical for growing businesses, but ensure it's supporting revenue growth, not inefficiency.
Cash Flow Quality Insight
Cash flow concerns: Despite profitability, the company is burning cash. Review working capital management, CapEx levels, and sustainability of current operations.
Heritage Global Inc. Cash Flow Statement
HGBL • NASDAQ
| Heritage Global Inc. Cash Flow Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 | Dec 2009 | Dec 2008 | Dec 2007 | Dec 2006 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
OPERATING ACTIVITIES | ||||||||||||||||||||
3.6M | 5.2M | 12.5M | 15.5M | 3.1M | 9.7M | 3.9M | 3.8M | -249K | 14K | -10.4M | -26.5M | -6.4M | -1.8M | 30.7M | 6.2M | -1.2M | 5.8M | -645K | -7.7M | |
682K | 1.2M | 514K | 536K | 460K | 362K | 305K | 319K | 313K | 316K | 575K | 566K | 472K | 407K | 2K | 0.0 | 0.0 | 20K | 28K | 3.2M | |
1.6M | 3.1M | 418K | -5M | -86K | -4M | -800K | 72K | -448K | 44K | 8.6M | -812K | -126K | 694K | -26.4M | 0.0 | 0.0 | -484K | -1M | 0.0 | |
900K | 1.3M | 776K | 540K | 408K | 353K | 283K | 289K | 246K | 99K | 358K | 484K | 532K | 1.6M | 296K | 46K | 71K | 85K | 0.0 | 0.0 | |
329K | -3M | -160K | -6.2M | 752K | -3.2M | -262K | -221K | 2.6M | 157K | 152K | 494K | -445K | 41K | 73K | 195K | 333K | 85K | 574K | 3.1M | |
(0.0) | (640K) | (848K) | (297K) | (116K) | (143K) | (290K) | (56K) | (23K) | (30K) | (75K) | (55K) | (41K) | (364K) | (204K) | (0.0) | (96K) | (0.0) | (0.0) | (0.0) | |
-967K | 0.0 | -1M | 1M | -7.2M | 6M | -2.6M | 3.3M | -1.2M | 3.3M | -74K | 25.4M | 8.2M | -5.8M | -669K | -1.9M | -7M | 135K | -157K | -1M | |
6.1M | 7.7M | 13M | 6.5M | -2.6M | 9.1M | 794K | 7.5M | 1.2M | 3.9M | -836K | -357K | 2.3M | -4.8M | 4.1M | 4.6M | -7.8M | 5.7M | -1.3M | -2.5M | |
INVESTING ACTIVITIES | ||||||||||||||||||||
-8.5M | -137K | -257K | -215K | -1.4M | -7K | -116K | -99K | -44K | -99K | -9K | -127K | -10K | -28K | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
(0.0) | (3M) | -7.6M | -9.3M | -6.9M | -1.4M | -604K | -2.8M | (0.0) | (0.0) | (1.8M) | -1.4M | (0.0) | -2.3M | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | |
(0.0) | (0.0) | (0.0) | -14.6M | -2.6M | -1.4M | -604K | -2.8M | (0.0) | (0.0) | -143K | -11K | -56K | -61K | -42K | -316K | -2.6M | -125K | -595K | (0.0) | |
0.0 | 0.0 | 0.0 | 5.3M | 2.6M | 5.3M | 2.2M | 0.0 | 0.0 | 0.0 | 2M | 444K | 839K | 295K | 4K | 760K | 121K | 789K | 1.3M | 0.0 | |
-921K | 8.1M | -8M | 11.3M | -1.9M | 2M | -2.1M | 2.8M | 0.0 | 20K | -999K | 7K | 783K | -2.1M | -175K | 0.0 | 237K | 0.0 | 0.0 | 0.0 | |
-9.4M | (10.9M) | -15.9M | -7.5M | -10.2M | (4.5M) | -1.2M | -2.9M | -44K | -79K | (2.7M) | -1.1M | (773K) | -2.1M | -213K | (444K) | -2.3M | (664K) | (655K) | (0.0) | |
FINANCING ACTIVITIES | ||||||||||||||||||||
-2.6M | -2.2M | -364K | -329K | 221K | 7.5M | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 1.8M | 0.0 | -126K | 0.0 | 0.0 | 0.0 | |
4.7M | -6.8M | 2.9M | 451K | 3.8M | -438K | -1.2M | 84K | -663K | -3.3M | -2.2M | 1.3M | -9.5M | 4.6M | -1.6M | -1.7M | 6M | -2.3M | 683K | 2.1M | |
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -766K | (0.0) | (0.0) | (0.0) | (0.0) | |
-2.6M | -2.2M | -400K | -395K | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | -126K | (0.0) | (0.0) | (0.0) | |
-80K | -117K | -122K | -44K | -987K | -102K | 0.0 | -2.5M | -896K | -812K | -513K | 0.0 | 5.3M | 14K | 16K | 0.0 | 237K | 0.0 | 0.0 | 0.0 | |
2M | -9.1M | 2.5M | 78K | 3.1M | 7M | -1.2M | -2.5M | -1.6M | -4.1M | -2.7M | 1.8M | -4.1M | 4.6M | 226K | -2.5M | 6.1M | -2.3M | 683K | 2.1M | |
CASH FLOW SUMMARY | ||||||||||||||||||||
0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 4K | -28K | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | 0.0 | |
-1.2M | 9.5M | -388K | -955K | -9.8M | 20.7M | -1.5M | 2.2M | -421K | -247K | -856K | 420K | -1.1M | -2.4M | 4.1M | 2.5M | -4M | 4M | 64K | -324K | |
21.7M | 12.3M | 12.7M | 13.6M | 23.4M | 2.7M | 4.3M | 2.1M | 2.5M | 2.8M | 3.6M | 3.2M | 4.3M | 6.7M | 2.6M | 93K | 4.1M | 67K | 3K | 327K | |
20.5M | 21.7M | 12.3M | 12.7M | 13.6M | 23.4M | 2.7M | 4.3M | 2.1M | 2.5M | 2.8M | 3.6M | 3.2M | 4.3M | 6.7M | 2.6M | 93K | 4.1M | 67K | 3K | |
-2.3M | 7.6M | 12.8M | 6.3M | -4.1M | 9.1M | 678K | 7.4M | 1.1M | 3.8M | -845K | -484K | 2.3M | -4.8M | 4.1M | 4.6M | -7.8M | 5.7M | -1.3M | -2.5M |
SEC Filings
HGBL - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
DEF 14A DEF 14A 2026 N/A | April 21, 2026 | April 16, 2026 | 2026 | |
10-K 10-K 2025 FY FY | March 12, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | January 12, 2026 | January 09, 2026 | 2026 | |
10-Q 10-Q 2025 Q3 Q3 | November 06, 2025 | September 30, 2025 | 2025 | |
10-Q 10-Q 2025 Q2 Q2 | August 07, 2025 | June 30, 2025 | 2025 | |
8-K 8-K 2025 N/A | June 09, 2025 | June 09, 2025 | 2025 | |
10-Q 10-Q 2025 Q1 Q1 | May 08, 2025 | March 31, 2025 | 2025 | |
DEF 14A DEF 14A 2025 N/A | April 22, 2025 | April 18, 2025 | 2025 | |
10-K 10-K 2024 FY FY | March 13, 2025 | December 31, 2024 | 2024 | |
8-K 8-K 2025 N/A | February 12, 2025 | February 06, 2025 | 2025 |
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