Return on Tangible Equity (Annual)

Return on Tangible Equity: The amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity. Calculated as: Income from Continuing Operations / Tangible Shareholders Equity

Heritage Global Inc. (HGBL) had Return on Tangible Equity of 6.36% for the most recently reported fiscal year, ending 2025-12-31.

Quarterly Annual

Figures for fiscal year ending 2025-12-31

Income Statement Financials
Revenue	$50.98M
Net Income	$3.59M
Cost of Goods Sold	$19.95M
Gross Profit	$31.03M
Operating Expenses	$45.27M
Operating Income	$5.71M
Non-Operating Income/Expense	$0.13M
Pre-Tax Income	$5.84M
Normalized Pre-Tax Income	$5.84M
Income after Taxes	$3.59M
Income from Continuous Operations	$3.59M
Consolidated Net Income/Loss	$3.59M
Normalized Income after Taxes	$3.59M
EBIT	$5.71M
EBITDA	$6.87M
Weighted-Average Shares Outstanding (Basic)	34.84M
Weighted-Average Shares Outstanding (Diluted)	35.44M
Earnings per Share (EPS) (Basic)	$0.10
Earnings per Share (EPS) (Diluted)	$0.10
Balance Sheet Financials
Current Assets	$33.59M
Property, Plant, and Equipment	$10.88M
Long-Term Assets	$54.84M
Total Assets	$88.44M
Current Liabilities	$15.54M
Long-Term Debt	$4.10M
Long-Term Liabilities	$5.92M
Total Liabilities	$21.46M
Common Equity	$66.98M
Tangible Shareholders Equity	$56.44M
Shareholders Equity	$66.98M
Common Shares Outstanding	34.74M
Cash Flow Statement Financials
Cash Flow from Operating Activities	$6.14M
Cash Flow from Investing Activities	$-9.39M
Cash Flow from Financial Activities	$2.03M
Beginning Cash	$21.75M
End Cash	$20.52M
Increase/Decrease in Cash	$-1.23M
Stock-Based Compensation	$0.90M
Common Stock Dividends Paid	--
Preferred Stock Dividends Paid	--
Fundamental Metrics & Ratios
Current Ratio	2.16
Non-Performing Assets / Total Loans	--
Loan Loss Reserves / Non-Performing Loans	--
Debt to Capital Ratio	0.06
Debt to Equity Ratio	0.06
Gross Margin	60.87%
Operating Margin	11.20%
EBIT Margin	11.20%
EBITDA Margin	13.47%
Pre-Tax Profit Margin	11.47%
Profit Margin	7.04%
Free Cash Flow	$-2.33M
Loss Ratio	--
Expense Ratio	--
Combined Ratio	--
Asset Turnover	0.58
Inventory Turnover	3.36
Receiveable Turnover	27.45
Days Sales in Receivables	13.30
Return on Equity	5.36%
Return on Tangible Equity	6.36%
Return on Assets	4.06%
Return on Investments	5.05%
Book Value Per Share	$1.93
Free Cash Flow per Share	$-0.07
Operating Cash Flow per Share	$0.17

Data from Zacks Investment Research, Inc.