Filing Flows › Comparisons › HGBL vs RSSS
Heritage Global vs Research Solutions: HGBL and RSSS compared
Heritage Global is the larger company: $14.6M of revenue in its latest quarter (Q3 2026) against $12.1M for Research Solutions (Q4 FY26). Heritage Global is growing faster (+28% against -3% a year earlier). Heritage Global is more profitable, with an operating margin of 7.2% against 7.0%.
Where the money goes: HGBL and RSSS
Heritage Global (HGBL) · Q3 2026
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.
Research Solutions (RSSS) · Q4 FY26
Research Solutions, Q4 FY26: revenue $12.1M (-3% year over year), operating margin 7.0%, net earnings $666K, operating cash flow $1.8M. The chart follows the revenue to costs, profit and cash.
| Heritage Global (HGBL) | Research Solutions (RSSS) | |
|---|---|---|
| Latest quarter | Q3 2026 | Q4 FY26 |
| Revenue | $14.6M | $12.1M |
| Revenue growth, Y/Y | +28% | -3% |
| Gross margin | — | 53.0% |
| Operating margin | 7.2% | 7.0% |
| Net earnings | $1.0M | $666K |
| Net margin | 7.1% | 5.5% |
| Operating cash flow | $3.4M | $1.8M |
| Free cash flow | $2.6M | $1.8M |
Where the revenue comes from
Heritage Global
- Service: $9.8M (67%)
- Product: $4.8M (33%)
Research Solutions
- Transactions: $6.8M (56%)
- Platforms: $5.3M (44%)
Questions
Which is bigger, Heritage Global or Research Solutions?
Heritage Global is the larger company: $14.6M of revenue in its latest quarter (Q3 2026) against $12.1M for Research Solutions (Q4 FY26).
Is Heritage Global or Research Solutions growing faster?
Heritage Global is growing faster (+28% against -3% a year earlier).
Which is more profitable, Heritage Global or Research Solutions?
Heritage Global is more profitable, with an operating margin of 7.2% against 7.0%.
More: Heritage Global earnings · how Heritage Global makes money · Research Solutions earnings · how Research Solutions makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Nov 5, 2026; 10-K filed Sep 11, 2026). Fiscal quarters can end on different dates. Not investment advice.