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

Heritage Global (HGBL) has 16 years of Cost of Revenue data on file, last reported at $3.4 million in Q1 2026.

• Quarterly Cost of Revenue fell 10.55% year-over-year to $3.4 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $10.4 million (up 4.79% YoY) and the FY2025 annual result came in at $12.0 million, up 44.13% from the prior year.
• Cost of Revenue advanced to $3.4 million in Q1 2026, from $2.7 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $4.3 million in Q1 2023 to a low of -$7.4 million in Q4 2022.
• A 5-year average of $1.5 million and a median of $2.2 million in 2024 frame the typical range for Cost of Revenue.
• Annual changes were most pronounced in 2022 — Cost of Revenue tumbled 381.25% — and 2023, when it soared 474.93%.
• Tracing HGBL's Cost of Revenue over 5 years: stood at -$7.4 million in 2022, then surged by 77.33% 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 increased by 25.46% to $3.4 million in 2026.
• The last three Cost of Revenue figures came in at $3.4 million (Q1 2026), $2.7 million (Q4 2025), and $1.5 million (Q3 2025), per Business Quant data.