Heritage Global (HGBL) Cost of Revenue (2010 - 2026)
Heritage Global's (HGBL) quarterly Cost of Revenue came in at $2.8 million in Q2 2026, down 5.69% on a YoY basis from $3.0 million in Q2 2025, and down 16.95% quarter-over-quarter from $3.4 million in Q1 2026.
Analysis
Heritage Global (HGBL) Cost of Revenue (2010 - 2026) Analysis & Trends
Heritage Global (HGBL) has reported Cost of Revenue for 16 consecutive years, with $2.8 million the latest figure, recorded in Q2 2026.
- For the quarter ending Q2 2026, Cost of Revenue fell 5.69% year-over-year to $2.8 million; the trailing twelve-month figure through Jun 2026 stood at $11.5 million (up 7.65% YoY), and the FY2025 full-year result was $12.0 million, up 44.13% from the prior year.
- Cost of Revenue fell to $2.8 million in Q2 2026 per HGBL's latest filing, from $3.4 million in the prior quarter.
- Across five years, Cost of Revenue topped out at $5.6 million in Q2 2022 and bottomed at $1.7 million in Q3 2024.
- Historically, Cost of Revenue has averaged $3.1 million across 5 years, with a median of $3.0 million in 2022.
- The sharpest annual moves came in 2022 and 2023: Cost of Revenue jumped 486.56% in 2022, then slumped 65.64% in 2023.
- Over 5 years, Cost of Revenue stood at $4.2 million in 2022, then slipped by 27.73% to $3.0 million in 2023, then declined by 28.28% to $2.2 million in 2024, then gained by 23.34% to $2.7 million in 2025, then rose by 4.2% to $2.8 million in 2026.
- According to Business Quant data, Cost of Revenue over the past three periods registered $2.8 million, $3.4 million, and $2.7 million for Q2 2026, Q1 2026, and Q4 2025 respectively.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Cost of Rev (Qtr) |
|---|---|---|---|---|---|
| 1 | W.W. Grainger | 59.65 Bn | 59.45 Bn | 1.98 Bn | 3.04 Bn |
| 2 | Fastenal | 56.24 Bn | 56.03 Bn | 1.06 Bn | 1.32 Bn |
| 3 | Ferguson Enterprises | 41.63 Bn | 40.81 Bn | 2.32 Bn | 5.15 Bn |
| 4 | Reliance | 19.90 Bn | 19.67 Bn | 1.30 Bn | 3.33 Bn |
| 5 | Wesco International | 16.76 Bn | 15.94 Bn | 1.46 Bn | 5.21 Bn |
| 6 | Applied Industrial Technologies | 11.84 Bn | 11.72 Bn | 411.22 Mn | 941.47 Mn |
| 7 | Watsco | 11.10 Bn | 11.11 Bn | 578.93 Mn | 1.53 Bn |
| 8 | Avantor | 10.50 Bn | 10.19 Bn | 537.00 Mn | 1.16 Bn |
| 9 | Core & Main | 7.86 Bn | 7.62 Bn | 573.00 Mn | 1.57 Bn |
| 10 | Heritage Global | 46.42 Mn | 33.24 Mn | 9.46 Mn | 2.80 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.80 Mn |
| Mar 31, 2026 | 3.38 Mn |
| Dec 31, 2025 | 2.69 Mn |
| Sep 30, 2025 | 2.61 Mn |
| Jun 30, 2025 | 2.97 Mn |
| Mar 31, 2025 | 3.77 Mn |
| Dec 31, 2024 | 2.18 Mn |
| Sep 30, 2024 | 1.74 Mn |
| Jun 30, 2024 | 2.27 Mn |
| Mar 31, 2024 | 2.41 Mn |
| Dec 31, 2023 | 3.04 Mn |
| Sep 30, 2023 | 3.41 Mn |
| Jun 30, 2023 | 1.94 Mn |
| Mar 31, 2023 | 4.34 Mn |
| Dec 31, 2022 | 4.21 Mn |
| Sep 30, 2022 | 3.02 Mn |
| Jun 30, 2022 | 5.63 Mn |
| Mar 31, 2022 | 3.40 Mn |
| Dec 31, 2021 | 1.26 Mn |
| Sep 30, 2021 | 1.10 Mn |