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
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