Heritage Global Inc. (HGBL) Earnings
Heritage Global Inc. is expected to report next earnings on August 6, 2026 (in NaN days), with a consensus EPS estimate of $0.04. HGBL has beaten EPS estimates in 1 of its last 12 reported quarters (average surprise -40.3% over the last four).
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.03 | $0.02 | -27.3% | $13M | -5.6% |
| Mar 12, 2026 | $0.03 | $0.01 | -73.9% | $12M | -8.0% |
| Nov 6, 2025 | $0.05 | $0.02 | -60.0% | $11M | -11.8% |
| Aug 7, 2025 | $0.05 | $0.05 | +0.0% | $14M | +15.6% |
| May 8, 2025 | $0.04 | $0.03 | -25.0% | $13M | +13.0% |
| Mar 13, 2025 | $0.05 | $-0.01 | -120.0% | $11M | -12.4% |
| Nov 7, 2024 | $0.06 | $0.03 | -50.0% | $10M | -15.3% |
| Aug 8, 2024 | $0.07 | $0.07 | +0.0% | $12M | -15.0% |
| May 9, 2024 | $0.06 | $0.05 | -16.7% | $12M | -14.4% |
| Mar 14, 2024 | $0.07 | $0.13 | +85.7% | $15M | -0.4% |
| Nov 9, 2023 | $0.07 | $0.05 | -28.6% | $16M | +1.3% |
| Aug 10, 2023 | $0.07 | $0.07 | +0.0% | $13M | -7.0% |
Source: company filings + earnings calendar. For informational purposes only — not investment advice.
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
- NLEX: Has a strong pipeline with subprime auto leading, credit card and buy now, pay later sectors having headroom, clients expanding assets, and also engaging in HELOC loans and diversified loans. - DedEx: Had a slow start post - M&A but is quickly picking up, sales staff are actively reaching out to people, multiple business partners signed, diverse CRE sectors with deals from various lenders, and broad - based offering in Q2 and later. - Gross margin: Improved this quarter because of higher margin service revenue from DedEx or other financial asset business division.
Guidance
- Hopes to enhance profit as the year progresses, is very eager to improve and is bullish on products. - Aiming to reach a 70% gross margin with strong performance from the financial side.
Segment performance
On the NLEX side, there is a very strong pipeline led by subprime auto. The pipeline varies quarter to quarter and year to year depending on supply. There is plenty of headroom in the credit card sector, some new wins in the buy now, pay later sector, and clients are expanding the amount of assets they give. Also, HELOC loans and diversified loans are being done. For DedEx, it had a slow start which is rapidly picking up. There are high prospects for Q2. The slow start can be after an M&A deal or lenders figuring out what to sell first. Sales staff are out talking to people, many business partners have been signed up. The CRE sector is diverse with deals from banks, specialty lenders, non - banks, and insurance companies, and there is a broad - based offering in Q2 and beyond. Gross margin this quarter improved due to higher margin service revenue from DedEx or other parts of the financial asset business division. Historically, the mix of industrial and financial margins is between 50 - 70%, aiming for 70% with strong financial side performance.
Analyst Q&A
Q: Hey guys, appreciate you taking the questions. So it seems like overall the debt market is, you have a solid positioning there. I'm just curious, I would like to hear a little bit more on the trends that you're seeing, notably in NLEX and also the DedEx business on the commercial residential side.
A: On the NLEX side, we have a really strong pipeline now. It's led by subprime auto. It changes quarter to quarter and year to year based on various factors and supply. There's plenty of headroom in the credit card sector, some new wins in the buy now, pay later sector, and some clients are expanding the assets they give us. Overall, it's a healthy situation. We're busy in all areas. Right now, subprime auto loans are leading in the next quarter or two for expansion, and we're looking at all aspects, including HELOC loans and diversified loans. On the DedEx side, it had a slow start but is rapidly picking up. We have very high prospects for Q2. The slow start can be after an M&A deal or lenders figuring out what to sell first. There's a first 90 days of in - house analytics then bringing product to market. Sales staff are out daily talking to people, many business partners signed. The CRE sector isn't dominated by one single sector, it's diverse with deals from banks, specialty lenders, non - banks, and insurance companies, and there's a broad - based offering in Q2 and beyond.
Q: You know, it seems like gross margins were, you know, pretty solid this quarter. I'm curious, you know, as we look forward with better kind of revenue, it sounds like in the future, especially from DedEx, you know, what's kind of a good, you know, gross margin kind of level that you feel like you can reach?
A: Yeah, our gross margin this quarter improved compared to a year ago. That's because of higher margin service revenue from DedEx or other parts of the financial asset business division. The more revenue we generate at DedEx, the higher the margins should be. Historically, the mix of industrial and financial margins is between 50 - 70%, and we think reaching 70% is a good target with strong financial side performance.
Q: Thank you. And once again, if you would like to ask a question, please press the star and one on your keypad now. Thank you. And at this time, this concludes our question and answer session. I will now turn the meeting back to management for closing remarks.
A: Thank you all for listening in and thank you all for paying attention. I feel good about where we're at. I would have liked to have delivered a larger profit in Q1, but at the same time, I'm very proud that we delivered a respectable profit, although not as large as we hoped. I think as the year moves on, we have lots of upside to improve from here. We're very ambitious to do so and very bullish on our products as the year moves by. So stay tuned and we're going to get to work. Thank you. Thank you. This concludes today's meeting. We appreciate your time and participation. You may now disconnect.