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| 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 |