Filing Flows › Heritage Global (HGBL) › Q1 2026
Heritage Global (HGBL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Heritage Global (HGBL) reported revenue of $12.7M for the first quarter 2026 (Q1 2026), -5% from a year earlier and +7% from the quarter before. Operating margin was 7.9%, net earnings $717K (5.6% of revenue).
Heritage Global, Q1 2026: revenue $12.7M (-6% year over year), operating margin 7.9%, net earnings $717K, operating cash flow −$2.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.7M | +7% | -5% |
| Operating profit | $1.0M | +30% | -28% |
| Net earnings | $717K | +138% | -33% |
| Operating cash flow | −$2.7M | -270% | -202% |
What changed
Revenue was $12.7M in Q1 2026, down 5% year over year and up 7% from the previous quarter. Service was the largest line at 54% of revenue. Service lost $737K year over year (down 10%), 100% of the total change.
Operating profit was $1.0M, a 7.9% margin (down 2.5 points year over year). Total costs fell 3% while revenue fell 5%. The fastest-growing cost line was SG&A (+17%). Net earnings were $717K, down 33% year over year. The effective tax rate was 27.4%.
Operating cash flow was −$2.7M. Non-cash charges added back $174K of depreciation and amortization and $211K of share-based compensation. Working capital and other items used $3.8M. Capital expenditures of $562K exceeded it, leaving free cash flow of −$3.2M.
Questions
What was Heritage Global's revenue in the first quarter 2026?
Heritage Global (HGBL) reported revenue of $12.7M for the first quarter 2026 (Q1 2026), -5% from a year earlier and +7% from the quarter before.
Was Heritage Global profitable in the first quarter 2026?
Operating profit was $1.0M (7.9% of revenue) and net earnings $717K.
Source: Heritage Global 10-Q on SEC EDGAR.