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

Heritage Global has reported Gross Margin for 16 years, with the latest figure at 91.73% in Q1 2026.

• For the quarter ending Q1 2026, Gross Margin rose 1977.0% year-over-year to 91.73%; the trailing twelve-month figure through Mar 2026 stood at 38.32% (down 11757.0% YoY), and the FY2025 full-year result was 81.71%, down 16337.0% from the prior year.
• Gross Margin for Q1 2026 stood at 91.73%, down from 108.27% in the prior quarter.
• The five-year high for Gross Margin was 110.97% in Q4 2023, with the low at 49.11% in Q2 2022.
• Historically, Gross Margin has averaged 85.38% across 5 years, with a median of 85.99% in 2024.
• Annual changes were most pronounced in 2022 — Gross Margin slumped 3234 bps — and 2023, when it soared 3709 bps.
• Heritage Global's Gross Margin stood at 93.21% in 2022, then grew by 19 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 declined by 15 bps to 91.73% in 2026.
• The last three Gross Margin figures came in at 91.73% (Q1 2026), 108.27% (Q4 2025), and 87.23% (Q3 2025), per Business Quant data.