Heritage Global Inc. HGBL
Nasdaq · XNAS · stock · Services-Business Services, NEC
Chart by TradingView
5/9
Piotroski F — financial health
-3.22
Altman Z″ — distress risk · distress
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Dividend payout · no dividend
Financials (annual, from 10-K)
| FY | Revenue | Net income | Gross profit | Free cash flow | Equity |
|---|---|---|---|---|---|
| 2025 | $51.0M | $3.6M | — | -$2.3M | $67.0M |
| 2024 | $45.4M | $5.2M | — | $7.6M | $65.2M |
| 2023 | $60.5M | $12.5M | — | $12.8M | $61.1M |
| 2022 | $46.9M | $15.5M | — | $6.3M | $48.3M |
| 2021 | $25.8M | $3.1M | — | -$4.1M | $32.6M |
| 2020 | $26.2M | $9.7M | — | $9.1M | $29.9M |
Recent insider activity (Form 4)
| Insider | Role | Date | Action | Shares | Price |
|---|---|---|---|---|---|
| Dove Nicholas Kirk | President, Industrial Assets | 2026-05-21 | Buy | 26,000 | $1.22 |
| Ludwig Thomas Van | President, NLEX | 2026-05-14 | Option exercise | 31,875 | $0.70 |
| Ludwig Thomas Van | President, NLEX | 2026-05-14 | Tax withheld | 23,919 | $1.22 |
| Sklar James Edward | EVP, Gen Counsel & Secretary | 2026-05-01 | Sell | 3,734 | $1.33 |
| Sklar James Edward | EVP, Gen Counsel & Secretary | 2026-04-01 | Sell | 3,734 | $1.35 |
| Sharpe Kelly S | director | 2026-03-05 | Grant | 20,000 | — |
| SHIMER SAMUEL L | director | 2026-03-05 | Grant | 20,000 | — |
| Hexner Michael | director | 2026-03-05 | Grant | 20,000 | — |
Why these scores methodology →
Piotroski F-score: 5/9
- Positive return on assets
- Positive operating cash flow
- Rising ROA
- Cash flow exceeds net income
- Lower long-term debt
- Rising current ratio
- No share dilution
- Rising gross margin
- Rising asset turnover
Altman Z″: -3.22 (distress)
- Working capital / assets 0.204
- Retained earnings / assets -2.536
- EBIT / assets 0.065
- Equity / liabilities 3.122
Source: SEC EDGAR filings · CIK 0000849145 · as of 2025-12-31. Figures are facts from filings plus Stocktoria's own computed scores — not investment advice.