Heritage Global Inc.
Heritage Global Inc. (Nasdaq: HGBL) operates as an asset services company specializing in financial and industrial asset transactions. The company provides a comprehensive suite of services including market making, acquisitions, refurbishment, dispositions, valuations, and secured lending across more than twenty-five… From the company’s description.
Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.
What Heritage Global Inc. does
In the company’s own words
Heritage Global Inc. (Nasdaq: HGBL) operates as an asset services company specializing in financial and industrial asset transactions. The company provides a comprehensive suite of services including market making, acquisitions, refurbishment, dispositions, valuations, and secured lending across more than twenty-five global sectors. www.hginc.com
The company organizes its operations into two primary divisions: Industrial Assets and Financial Assets. The Industrial Assets division encompasses two segments: Auction and Liquidation, operated through subsidiary Heritage Global Partners, which functions as a global full-service auction, appraisal, and asset advisory firm specializing in turnkey manufacturing facilities and used industrial machinery; and Refurbishment & Resale, operated through Heritage ALT LLC, which focuses on acquiring, refurbishing, and supplying specialized laboratory equipment in the biotech and pharmaceutical sectors. The Financial Assets division includes the Brokerage segment, operated through National Loan Exchange Inc., which brokers charged-off receivables in the United States and Canada on behalf of lenders including banks and mortgage companies, having sold over $250 billion in face value of assets since the 1980s; and the Specialty Lending segment, operated through Heritage Global Capital LLC, which provides specialty financing solutions to investors in charged-off and nonperforming asset portfolios, having issued $159.7 million in total loans since inception in 2019.
As of December 31, 2025, Heritage Global employed eighty-four full-time employees distributed across its operating subsidiaries. The company maintains principal office locations in San Diego, California; Hayward, California; Edwardsville, Illinois; and East Lyme, Connecticut. The company owns warehouse and office space in East Lyme, Connecticut and San Diego, California, with additional leased facilities supporting operations across multiple states.
Heritage Global's business model positions it to operate effectively across economic cycles, benefiting from increased liquidation demand during recessions while leveraging competitive advantages in deal sourcing and execution capabilities during periods of growth. The company pursues growth through joint ventures and partnerships that provide access to larger transactions while maintaining high incremental margins and improving earnings predictability.
Company details
- Sector
- Industrials
- Industry
- Business Services
- Headquarters
- SAN DIEGO, CA
- Fiscal year end
- December
- CIK
- 849145
- SIC
- 7389
Financial performance, year by year
Fiscal 2013–2025 · USDThe full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.
Who owns Heritage Global Inc. — and what changed
Funds as of 2026Q2 · superinvestors as of 2026-06-30
Largest fund holders · Heritage Global Inc.’s weight in each
Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.
Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.
Could not be determined for this company: bond issues.
Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.
Recent filings
All filings →Each filing opens into its own statements and disclosures here.
Put this business in context.
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