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

Heritage Global (HGBL) has reported Operating Expenses for 16 consecutive years, with $15.0 million the latest figure, recorded in Q2 2026.

• For the quarter ending Q2 2026, Operating Expenses rose 23.46% year-over-year to $15.0 million; the trailing twelve-month figure through Jun 2026 stood at $48.4 million (up 13.44% YoY), and the FY2025 full-year result was $45.4 million, up 16.44% from the prior year.
• Operating Expenses improved to $15.0 million in Q2 2026 per HGBL's latest filing, from $12.2 million in the prior quarter.
• Across five years, Operating Expenses topped out at $15.0 million in Q2 2026 and bottomed at $8.6 million in Q1 2022.
• Historically, Operating Expenses has averaged $11.2 million across 5 years, with a median of $11.1 million in 2023.
• The sharpest annual moves came in 2022 and 2024: Operating Expenses jumped 127.53% in 2022, then decreased 29.3% in 2024.
• Over 5 years, Operating Expenses stood at $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, then surged by 36.49% to $15.0 million in 2026.
• According to Business Quant data, Operating Expenses over the past three periods registered $15.0 million, $12.2 million, and $11.0 million for Q2 2026, Q1 2026, and Q4 2025 respectively.