Filing Flows › Heritage Global (HGBL) › Q2 2026
Heritage Global (HGBL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 13, 2026
Heritage Global (HGBL) reported revenue of $12.3M for the second quarter 2026 (Q2 2026), -14% from a year earlier and -4% from the quarter before. Operating margin was -170.5%, net loss $15.9M (129.5% of revenue).
Heritage Global, Q2 2026: revenue $12.3M (-14% year over year), operating margin -170.5%, net loss $15.9M, operating cash flow $1.6M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $12.3M | -4% | -14% |
| Operating profit | −$20.9M | -2175% | -1037% |
| Net earnings | −$15.9M | -2316% | -1071% |
| Operating cash flow | $1.6M | — | -14% |
| Free cash flow | $1.4M | — | -18% |
What changed
Revenue was $12.3M in Q2 2026, down 14% year over year and down 4% from the previous quarter. Service was the largest line at 64% of revenue. Service lost $2.4M year over year (down 23%), 116% of the total change.
Operating costs exceeded revenue by $20.9M, an operating margin of -170.5%. Total costs grew 175% against a revenue fall of 14%. The fastest-growing cost line was Other operating costs (+175%). The quarter ended with a net loss of $15.9M, after a profit of $717K the previous quarter.
Operating cash flow was $1.6M (down 14% year over year). Non-cash charges added back $240K of depreciation and amortization and $171K of share-based compensation. Working capital and other items added $17.1M. Capital expenditures of $209K left free cash flow of $1.4M.
Questions
What was Heritage Global's revenue in the second quarter 2026?
Heritage Global (HGBL) reported revenue of $12.3M for the second quarter 2026 (Q2 2026), -14% from a year earlier and -4% from the quarter before.
Was Heritage Global profitable in the second quarter 2026?
Operating loss was $20.9M (-170.5% of revenue) and net loss $15.9M.
Source: Heritage Global 10-Q on SEC EDGAR.