Heritage Global Inc. (HGBL) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome everyone joining today's Heritage Global Inc. 4th Quarter 2025 and Year End Conference. At this time, all participants are in a listen-only mode. Later, you will have the opportunity to ask questions in the question and answer session. To register to ask a question at any time, please press star 1 on your telephone keypad. Please note this call is being recorded and we are standing by should you need any assistance. It is now my pleasure to turn the meeting over to John Nesbitt of IMS Investor Relations. Please go ahead. Thank you, and good afternoon, everyone. Before we begin, I'd like to remind everyone that this conference call contains forward-looking statements based on our current expectations and projections about future events and are subject to change based on various important factors. In light of these risks, uncertainties, and assumptions, you should not place undue reliance on these forward-looking statements, which speak only as of the date of this call. For more details on factors that could affect these expectations, Please see our filings with the Securities and Exchange Commission. Now I'd like to turn the call over to Heritage Global's Chief Executive Officer, Mr. Ross Duff. Ross, go ahead. Thank you, John, and welcome everyone to the call. We're glad to have you. Just a few brief comments before I turn it over to Brian to drill down on the quarter and the year. 2025 is now in the rearview mirror. It was a good profitable year with lots of transactions, but just no needle movers. Some years you want to never end, but there are years where saying goodbye feels more than ready. 2025 felt mostly like we were road hard and put the bed wet. 2026 feels like a break loose year is right here and right now. When that happens, it almost alw...