Growth Metrics

Heritage Global (HGBL) Operating Expenses (2016 - 2026)

Heritage Global filings provide 15 years of Operating Expenses readings, the most recent being $11.0 million for Q4 2025.

  • On a quarterly basis, Operating Expenses rose 17.58% to $11.0 million in Q4 2025 year-over-year; TTM through Dec 2025 was $45.4 million, a 16.44% increase, with the full-year FY2025 number at $45.4 million, up 16.44% from a year prior.
  • Operating Expenses hit $11.0 million in Q4 2025 for Heritage Global, up from $10.1 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $13.1 million in Q1 2023 to a low of $5.1 million in Q2 2021.
  • Median Operating Expenses over the past 5 years was $10.3 million (2023), compared with a mean of $9.9 million.
  • Biggest five-year swings in Operating Expenses: surged 127.53% in 2022 and later fell 29.3% in 2024.
  • Heritage Global's Operating Expenses stood at $6.2 million in 2021, then surged by 89.78% to $11.7 million in 2022, then dropped by 5.03% to $11.1 million in 2023, then decreased by 15.88% to $9.3 million in 2024, then increased by 17.58% to $11.0 million in 2025.
  • The last three reported values for Operating Expenses were $11.0 million (Q4 2025), $10.1 million (Q3 2025), and $12.2 million (Q2 2025) per Business Quant data.