Heritage Global (HGBL) Gross Margin (2010 - 2026)

Heritage Global (HGBL) has 16 years of Gross Margin data on file, last reported at 73.48% in Q1 2026.

• Quarterly Gross Margin rose 151.0% year-over-year to 73.48% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 77.92% (down 15658.0% YoY) and the FY2025 annual result came in at 81.71%, down 16337.0% from the prior year.
• Gross Margin eased to 73.48% in Q1 2026, from 108.27% in the prior quarter.
• In the past five years, Gross Margin ranged from a high of 153.46% in Q4 2022 to a low of 71.97% in Q1 2025.
• A 5-year average of 89.44% and a median of 84.42% in 2023 frame the typical range for Gross Margin.
• Annual changes were most pronounced in 2022 — Gross Margin surged 8840 bps — and 2023, when it tumbled 4249 bps.
• Tracing HGBL's Gross Margin over 5 years: stood at 153.46% in 2022, then decreased by 28 bps to 110.97% in 2023, then declined by 28 bps to 79.74% in 2024, then surged by 36 bps to 108.27% in 2025, then plunged by 32 bps to 73.48% in 2026.
• The last three Gross Margin figures came in at 73.48% (Q1 2026), 108.27% (Q4 2025), and 87.23% (Q3 2025), per Business Quant data.