Filing Flows › Heritage Global (HGBL) › Operating margin
Heritage Global (HGBL) operating margin by quarter
Heritage Global's operating margin was 7.2% in Q3 2026 (third quarter 2026), -0.8 pts from Q1 2026. Over the last 5 quarters it ranged from 6.5% (Q4 2025) to 15.6% (Q2 2025).
| Quarter | Operating margin | Q/Q | Y/Y |
|---|---|---|---|
| Q3 2026 | 7.2% | -0.8 pts | — |
| Q1 2026 | 7.9% | +1.4 pts | -2.5 pts |
| Q4 2025 | 6.5% | -9.1 pts | — |
| Q2 2025 | 15.6% | +5.2 pts | — |
| Q1 2025 | 10.4% | — | — |
Q3 2026 at a glance
Heritage Global, Q3 2026: revenue $14.6M (+28% year over year), operating margin 7.2%, net earnings $1.0M, operating cash flow $3.4M. The chart follows the revenue to costs, profit and cash.
Questions
What is Heritage Global's operating margin?
Heritage Global's operating margin was 7.2% in Q3 2026 (third quarter 2026), -0.8 pts from Q1 2026.
How has Heritage Global's operating margin changed?
Over the last 5 quarters it ranged from 6.5% (Q4 2025) to 15.6% (Q2 2025).