Filing Flows › Heritage Global (HGBL) › Q3 2026
Heritage Global (HGBL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Heritage Global (HGBL) reported revenue of $14.6M for the third quarter 2026 (Q3 2026), +28% from a year earlier and +19% from the quarter before. Operating margin was 7.2%, net earnings $1.0M (7.1% of revenue).
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.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $14.6M | +19% | +28% |
| Operating profit | $1.0M | — | -20% |
| Net earnings | $1.0M | — | +77% |
| Operating cash flow | $3.4M | +109% | 55× |
| Free cash flow | $2.6M | +85% | — |
What changed
Revenue was $14.6M in Q3 2026, up 28% year over year and up 19% from the previous quarter. Service was the largest line at 67% of revenue. Service added $2.3M year over year (up 31%), 73% of the total change.
Operating profit was $1.0M, a 7.2% margin (down 4.3 points year over year). Operating profit fell $257K even though revenue rose $3.2M versus Q3 2025, so costs grew faster than sales. Total costs grew 35% against revenue growth of 28%. Net earnings were $1.0M, up 77% year over year. The effective tax rate was -7.9%.
Operating cash flow was $3.4M (up 5439% year over year), 326% of net earnings. Non-cash charges added back $206K of depreciation and amortization and $174K of share-based compensation. Working capital and other items added $2.0M. Capital expenditures of $772K left free cash flow of $2.6M.
Questions
What was Heritage Global's revenue in the third quarter 2026?
Heritage Global (HGBL) reported revenue of $14.6M for the third quarter 2026 (Q3 2026), +28% from a year earlier and +19% from the quarter before.
Was Heritage Global profitable in the third quarter 2026?
Operating profit was $1.0M (7.2% of revenue) and net earnings $1.0M.
Source: Heritage Global 10-Q on SEC EDGAR.