Filing Flows › Heritage Global (HGBL) › How it makes money
How Heritage Global (HGBL) makes money
Heritage Global (HGBL) made $14.6M of revenue in the third quarter 2026 (Q3 2026), +28% from a year earlier. Service brought in $9.8M (67%); Product brought in $4.8M (33%). Of every dollar of revenue, 7¢ was left as operating profit, 7¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Service | $9.8M | 67.3% | +24% | +31% |
| Product | $4.8M | 32.7% | +10% | +23% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $14.6M | 100.0% |
| Operating profit | $1.0M | 7.2% |
| Net earnings | $1.0M | 7.1% |
| Operating cash flow | $3.4M | 23.2% |
| Free cash flow | $2.6M | 17.9% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $14.6M | +28% |
| Q2 2026 | $12.3M | -14% |
| Q1 2026 | $12.7M | -6% |
| Q4 2025 | $11.9M | +10% |
| Q3 2025 | $11.4M | +9% |
| Q2 2025 | $14.3M | +19% |
| Q1 2025 | $13.5M | +11% |
From Heritage Global's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Heritage Global make money?
Heritage Global (HGBL) made $14.6M of revenue in the third quarter 2026 (Q3 2026), +28% from a year earlier. Service brought in $9.8M (67%); Product brought in $4.8M (33%). Of every dollar of revenue, 7¢ was left as operating profit, 7¢ was left as net earnings.
What is Heritage Global's biggest business?
Service: $9.8M in the third quarter 2026, 67% of revenue, +31% from a year earlier.
What is Heritage Global's profit margin?
Net earnings were $1.0M, 7.1% of revenue, in the third quarter 2026; the operating margin was 7.2%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.