Heritage Global (HGBL) Operating Expenses (2010 - 2026)

Heritage Global (HGBL) has 16 years of Operating Expenses data on file, last reported at $12.2 million in Q1 2026.

• Quarterly Operating Expenses rose 0.99% year-over-year to $12.2 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $45.5 million (up 11.84% YoY) and the FY2025 annual result came in at $45.4 million, up 16.44% from the prior year.
• Operating Expenses climbed to $12.2 million in Q1 2026, from $11.0 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 $8.6 million in Q1 2022.
• A 5-year average of $11.0 million and a median of $11.0 million in 2025 frame the typical range for Operating Expenses.
• Annual changes were most pronounced in 2022 — Operating Expenses soared 127.53% — and 2024, when it retreated 29.3%.
• Tracing HGBL's Operating Expenses over 5 years: stood at $11.7 million in 2022, then decreased by 5.03% to $11.1 million in 2023, then fell by 15.88% to $9.3 million in 2024, then climbed by 17.58% to $11.0 million in 2025, then increased by 11.18% to $12.2 million in 2026.
• The last three Operating Expenses figures came in at $12.2 million (Q1 2026), $11.0 million (Q4 2025), and $10.1 million (Q3 2025), per Business Quant data.