Heritage Global Inc. will release its financial results for the third quarter of fiscal year 2026 on Thursday, November 5, 2026. The announcement is scheduled for after the market closes.

Conference Call Details

Management will host a webcast and conference call to discuss the quarterly performance. The session begins at 5:00 pm ET on the same day. Analysts and investors can participate via the following dial-in numbers:

• Domestic: 1-800-420-1459
• International: 1-203-518-9861
• Conference ID: HGBLQ3

Participants are advised to access the webcast link or the Investor Relations section of the company website at least 10 minutes prior to the start time for registration.

Replay Availability

A replay of the earnings call will be accessible approximately three hours after the live event concludes. The replay remains available through November 19, 2026.

The webcast replay will also be hosted in the Investor Relations section of the company's website.

About Heritage Global

Heritage Global operates as an asset services company specializing in financial and industrial asset transactions. The company values and monetizes assets by providing acquisition, disposition, valuation, and lending services for surplus and distressed items.

The business facilitates the circular economy by diverting useful industrial assets from landfills and maintaining ethical supply chains through post-sale account oversight. Its operations are divided into two primary units:

• Industrial Assets
• Financial Assets

Specialties include advising on and brokering turnkey manufacturing facilities, surplus machinery, industrial inventories, real estate, and charged-off account receivable portfolios.

Heritage Global Inc. (NASDAQ: HGBL) reported adjusted earnings per share of $0.06 for the second quarter of 2026, beating the analyst consensus estimate of $0.03 by 100 percent. This represents a 20 percent increase over the $0.05 per share recorded in the same period last year. However, quarterly sales of $12.265 million missed the analyst consensus estimate of $13.290 million by 7.71 percent, marking a 14.25 percent decrease from the $14.304 million reported in Q2 2025.

The company previously disclosed a consolidated operating loss of $20.9 million for the quarter, a significant reversal from the $2.2 million operating income in Q2 2025. This loss was largely driven by a $21.7 million non-cash charge related to the strategic wind-down of Heritage Global Capital (HGC), specifically the write-down of non-performing loans in its specialty lending business.

Divisional Performance

The Industrial Assets division contributed positively, reporting operating income of approximately $600,000, compared to $1.3 million in the prior-year quarter. Management noted improved asset turnover and profitability in the refurbishment and resale business due to higher inventory quality, despite an absence of larger-scale auction opportunities.

Conversely, the Financial Assets division reported an operating loss of $20.4 million, compared to operating income of $2.2 million in Q2 2025. Excluding the non-cash charges from the HGC wind-down, management described the division’s performance as "decent," citing continued activity in NLEX and early gains from DedX, acquired in January 2026.

Strategic Shifts and Acquisitions

CEO Ross Dove emphasized that closing HGC was necessary to remove management distractions and address lagging collections. The company is now focusing on its core, profitable units. In the Financial Assets space, Heritage Global completed the acquisition of Boston Note Company after the quarter-end. This acquisition complements DedX and NLEX, creating an asset-light brokerage platform covering both performing and non-performing financial assets across institutional and private sectors.

On the industrial side, the company expanded its sales force to target diverse sectors including transportation, construction, EV, and cannabis, alongside its traditional manufacturing and processing auctions. Management highlighted a robust pipeline with larger bankruptcy assignments and transportation products.

What the Numbers Show

The divergence between the Industrial Assets division’s modest profitability ($600,000 operating income) and the Financial Assets division’s massive loss ($20.4 million) underscores the severity of the HGC write-down. While the industrial segment faced headwinds from smaller-scale opportunities, it remained the only profitable operational pillar during the quarter. The financial results indicate that the company’s current earnings power is heavily dependent on the successful integration and scaling of its new financial asset acquisitions (DedX and Boston Note) to offset the exit from the legacy lending book.

Balance Sheet Position

As of June 30, 2026, stockholders’ equity stood at $51.9 million, down from $67 million at December 31, 2025. Net working capital was reported at $9.4 million. The cash balance was $13.2 million; however, after removing amounts due to clients or payables to sellers, the net available cash balance was $6.5 million.