Heritage Global (HGBL) Cost of Revenue (2010 - 2026)

Heritage Global (HGBL) reported Cost of Revenue of $1.1 million for Q1 2026, down 72.12% on a YoY basis from $3.8 million in Q1 2025, and down 60.89% quarter-over-quarter from $2.7 million in Q4 2025.

Heritage Global (HGBL) Cost of Revenue (2010 - 2026) Analysis & Trends

Heritage Global has reported Cost of Revenue for 16 years, with the latest figure at $1.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Cost of Revenue fell 72.12% year-over-year to $1.1 million; the trailing twelve-month figure through Mar 2026 stood at $8.1 million (down 16.2% YoY), and the FY2025 full-year result was $12.0 million, up 44.13% from the prior year.
  • Cost of Revenue for Q1 2026 stood at $1.1 million, down from $2.7 million in the prior quarter.
  • The five-year high for Cost of Revenue was $5.6 million in Q2 2022, with the low at -$1.7 million in Q4 2023.
  • Historically, Cost of Revenue has averaged $2.0 million across 5 years, with a median of $2.2 million in 2024.
  • Annual changes were most pronounced in 2022 — Cost of Revenue soared 486.56% — and 2023, when it slumped 278.49%.
  • Heritage Global's Cost of Revenue stood at $939000.0 in 2022, then tumbled by 278.49% to -$1.7 million in 2023, then soared by 230.13% to $2.2 million in 2024, then increased by 23.34% to $2.7 million in 2025, then slumped by 60.89% to $1.1 million in 2026.
  • The last three Cost of Revenue figures came in at $1.1 million (Q1 2026), $2.7 million (Q4 2025), and $1.5 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Cost of Rev (Qtr)
1 SOL Strategies 95,219.34 Bn 95,219.34 Bn - -
2 Morgan Stanley 323.01 Bn 189.48 Bn - -
3 Goldman Sachs 303.95 Bn -633.60 Bn - -
4 Schwab Charles 155.80 Bn 110.82 Bn - -
5 Robinhood Markets 77.67 Bn 73.03 Bn 960.00 Mn 107.00 Mn
6 Interactive Brokers 38.08 Bn 48.67 Bn - -
7 LPL Financial Holdings 23.19 Bn 22.17 Bn - -
8 Tradeweb Markets 21.40 Bn 20.15 Bn - -
9 Circle Internet 19.36 Bn 17.84 Bn 35.01 Mn 6.62 Mn
10 Heritage Global 45.67 Mn 34.10 Mn 11.67 Mn 1.05 Mn

Historic Data

Download Data
DateValue
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