Heritage Global (HGBL) Accumulated Expenses (2012 - 2025)

Heritage Global (HGBL) has reported Accumulated Expenses for 14 consecutive years, with $3.2 million the latest figure, recorded in Q4 2025.

• For the quarter ending Q4 2025, Accumulated Expenses fell 3.52% year-over-year to $3.2 million; the trailing twelve-month figure through Dec 2025 stood at $3.2 million (down 3.52% YoY), and the FY2025 full-year result was $3.2 million, down 3.52% from the prior year.
• Accumulated Expenses declined to $3.2 million in Q4 2025 per HGBL's latest filing, from $3.4 million in the prior quarter.
• Across five years, Accumulated Expenses topped out at $4.7 million in Q4 2022 and bottomed at $1.9 million in Q4 2021.
• Historically, Accumulated Expenses has averaged $3.5 million across 5 years, with a median of $3.4 million in 2024.
• The sharpest annual moves came in 2022 and 2024: Accumulated Expenses surged 144.75% in 2022, then declined 24.17% in 2024.
• Over 5 years, Accumulated Expenses stood at $1.9 million in 2021, then soared by 144.75% to $4.7 million in 2022, then slipped by 5.09% to $4.4 million in 2023, then fell by 24.17% to $3.4 million in 2024, then dropped by 3.52% to $3.2 million in 2025.
• According to Business Quant data, Accumulated Expenses over the past three periods registered $3.2 million, $3.4 million, and $4.4 million for Q4 2025, Q4 2024, and Q4 2023 respectively.