Heritage Global (HGBL) Cost of Revenue (2010 - 2026)
Heritage Global (HGBL) posted Cost of Revenue of $1.1 million for Q1 2026, down 60.89% quarter-over-quarter from $2.7 million in Q4 2025, and down 72.12% year-on-year from $3.8 million in Q1 2025.
Heritage Global (HGBL) Cost of Revenue (2010 - 2026) Analysis & Trends
Heritage Global (HGBL) has reported Cost of Revenue for 16 consecutive years, with $1.1 million the latest figure, recorded in Q1 2026.
- Cost of Revenue for Q1 2026 came in at $1.1 million, down 72.12% year-over-year; the trailing twelve-month figure through Mar 2026 was $8.1 million (down 16.2% YoY), and the FY2025 annual result was $12.0 million, up 44.13% from the prior year.
- Cost of Revenue was $1.1 million for Q1 2026 at Heritage Global, down from $2.7 million in the prior quarter.
- Over five years, Cost of Revenue peaked at $5.6 million in Q2 2022 and troughed at -$1.7 million in Q4 2023.
- Average Cost of Revenue over 5 years is $2.0 million, with a median of $2.2 million recorded in 2024.
- Year-over-year, Cost of Revenue surged 486.56% in 2022 and plunged 278.49% in 2023.
- Over 5 years, Cost of Revenue stood at $939000.0 in 2022, then slumped by 278.49% to -$1.7 million in 2023, then soared by 230.13% to $2.2 million in 2024, then advanced by 23.34% to $2.7 million in 2025, then sank by 60.89% to $1.1 million in 2026.
- Per Business Quant data, the three most recent Cost of Revenue figures were $1.1 million in Q1 2026, $2.7 million in Q4 2025, and $1.5 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | Morgan Stanley | 330.70 Bn | 197.17 Bn | - | - |
| 2 | Goldman Sachs | 309.79 Bn | -627.76 Bn | - | - |
| 3 | Schwab Charles | 167.21 Bn | 122.24 Bn | - | - |
| 4 | Futu Holdings | 111.36 Bn | 109.19 Bn | 733.58 Mn | 65.09 Mn |
| 5 | Robinhood Markets | 97.69 Bn | 93.05 Bn | 960.00 Mn | 107.00 Mn |
| 6 | LPL Financial Holdings | 23.49 Bn | 22.47 Bn | - | - |
| 7 | Tradeweb Markets | 21.59 Bn | 20.34 Bn | - | - |
| 8 | Circle Internet | 15.14 Bn | 13.62 Bn | 35.01 Mn | 6.62 Mn |
| 9 | Iren | 14.46 Bn | 12.24 Bn | 144.76 Mn | 39,000.00 |
| 10 | Heritage Global | 448,630.02 | -11.12 Mn | 11.67 Mn | 1.05 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 1.05 Mn |
| Mar 31, 2026 | 1.05 Mn |
| Dec 31, 2025 | 2.69 Mn |
| Dec 31, 2025 | 2.69 Mn |
| Sep 30, 2025 | 1.45 Mn |
| Sep 30, 2025 | 1.45 Mn |
| Jun 30, 2025 | 2.92 Mn |
| Jun 30, 2025 | 2.92 Mn |
| Mar 31, 2025 | 3.77 Mn |
| Mar 31, 2025 | 3.77 Mn |
| Dec 31, 2024 | 2.18 Mn |
| Dec 31, 2024 | 2.18 Mn |
| Sep 30, 2024 | 1.46 Mn |
| Sep 30, 2024 | 1.46 Mn |
| Jun 30, 2024 | 2.27 Mn |
| Jun 30, 2024 | 2.27 Mn |
| Mar 31, 2024 | 1.48 Mn |
| Mar 31, 2024 | 1.48 Mn |
| Dec 31, 2023 | -1.68 Mn |
| Dec 31, 2023 | -1.68 Mn |