Heritage Global Inc. Reports First Quarter 2026 Results

About this update from Heritage Global Inc.

SAN DIEGO, May 07, 2026--(BUSINESS WIRE)--Heritage Global Inc. (NASDAQ: HGBL) ("Heritage Global," "HG" or "the Company"), an asset services company specializing in financial and industrial asset transactions, today reported financial results for the first quarter ended March 31, 2026. First Quarter 2026 Summary of Financial Results (unaudited): First Quarter 2026 Review: Ross Dove, Chief Executive Officer of Heritage Global commented, "We delivered continued profitability to start 2026, with our Industrial Assets and legacy Financial Assets divisions generating positive sequential performance and improvement year-over-year. Early in the first quarter we acquired DebtX, a significant addition to our Financial Assets division that fits our strategic plans, expanding our presence in the growing secondary loan market. DebtX’s first quarter is seasonally its slowest, and together with the transition to a new parent company, the business underperformed and was the primary driver of our year-over-year decline in consolidated first quarter operating income. DebtX is expected to stabilize in the second quarter, and we remain confident in its prospects for the remainder of 2026. Finally, our balance sheet is healthy, which will allow us to invest further in driving organic growth while also evaluating additional value-enhancing acquisition opportunities." First Quarter Conference Call Management will host a webcast and conference call on Thursday, May 7, 2026, at 5:00 p.m. ET to discuss financial results for the first quarter of 2026. Analysts and investors may participate via conference call, using the following dial-in information: To access the webcast, individuals can use this link. The conference call will also be available in the Investor Relations section of the Company’s website. To listen to a live broadcast, go to the site or click on the webcast link at least 10 minutes prior to the scheduled start time in order to register. Individuals can click here to add the call details to their calendar. Replay A replay of the call will be available approximately three hours after the call ends through May 21, 2026. To access the replay, dial 1-844-512-2921 (domestic) or 1-412-317-6671 (international). The replay pin number is 1161436. A webcast replay can also be accessed on the Investor Relations section of the Company’s we...

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