Heritage Global Inc. (HGBL) carries a Roarable Rating of D- (Sell) with 36/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.
As of 2026-11-03, Heritage Global Inc. (NASDAQ: HGBL) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $1.25 (-0.40% 1D, market cap $43.3M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 6/20, and Executive Insider Alignment 9/20. Across 1009 tracked Consumer Discretionary issuers, HGBL ranks #782 in composite RQD confidence.
Within the Consumer Discretionary sector (Business Services), HGBL carries a Roarable D- (36/100 RQD), trailing P/E of 12.2x, gross margin of 27.4%, and ROIC of 9.7%. By comparison, TDTH (Trident Digital Tech Holdings Ltd (Class B)) holds a E grade (30/100 RQD, P/E N/A, ROIC —, cap $41.0M) and SCOR (comScore Inc.) posts a E grade (31/100 RQD, P/E N/A, ROIC 2.8%, cap $50.9M). Among the 5-stock peer group, HGBL leads on earnings multiple (12.2x) while HGBL leads on capital efficiency (9.7% ROIC).
Per HGBL's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000849145), Heritage Global Inc. generated $51.0M in revenue (+12.4% YoY), $3.6M in net income, and -$2.3M in free cash flow against $88.4M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.
Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer
Altman Z-Score 0.20 (DISTRESS RISK (<1.8)) • Piotroski F-Score 6/9
SEC Form 4 / 13F Thermometer: 45% Net Buy • Disciplined Float (+0.80% YoY Shares)
Capital intensity & 11.2% operating margin leave 15 pts on the table
While HGBL currently carries a cautious 36/100 (D-) rating due to Cash Engine Quality (5/20), shorts face asymmetric squeeze risk if free cash flow inflects or management executes accretive buybacks.
Established market leader in Consumer Discretionary with deep daily trading liquidity.
Options & Short-Covering Gamma: Reclaiming the 50-day SMA ($1.30) and Max Pain ($1.31) forces dealer call-delta covering toward $1.63.
Forensic Repair Trigger: Halting share dilution (Disciplined Float (+0.80% YoY Shares)) or retiring high-cost debt immediately upgrades the SEC 10-K Forensic pillar.
Heritage Global Inc. (HGBL) slipped -0.40% to $1.25, trading at 44% of its 52-week range ($1.01 – $1.55). Stretched risk/reward at 12x P/E (10% return on capital) under elevated 10-year interest-rate pressure.
Yahoo Finance report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
https://www.siam.in/ report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
Yahoo! Finance Canada report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
TradingKey report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
https://www.dars.gov.et/ report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
Yahoo! Finance Canada report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
https://www.siam.in/ report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).
vs. +12.4% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).
No active Ellis Vennor swing setup published on HGBL today. View full Setup Ledger →
No direct multi-tier Butterfly edges indexed yet for HGBL. Explore sector supply chains on /butterfly.
Across 1009 tracked Consumer Discretionary securities in the Roarable RQD universe, Heritage Global Inc. (HGBL) ranks #782 by composite RQD confidence (36/100, grade D-) and #822 by equity capitalization ($43.3M). Within this direct 5-issuer industry benchmark cohort, HGBL leads on earnings valuation at 12.2x trailing P/E, while HGBL leads on capital efficiency and profitability with 9.7% ROIC and 27.4% gross margin. BBCI currently holds the highest overall quantitative score in the immediate peer group at 43/100 (D-) compared with HGBL at 36/100 (D-).
| Ticker / Company | Roarable Grade | RQD Score | Trailing P/E | Gross Margin | ROIC | 1D Change | Market Cap | Head-to-Head |
|---|---|---|---|---|---|---|---|---|
| HGBL
ACTIVE
Heritage Global Inc. | D- | 36/100 | 12.2x | 27.4% | 9.7% | -0.40% | $43.3M | Benchmark Subject |
| TDTH Trident Digital Tech Holdings Ltd (Class B) | E | 30/100 | — | 51.2% | — | +1.78% | $41.0M | /tdth-vs-hgbl → |
| SCOR comScore Inc. | E | 31/100 | — | 40.5% | 2.8% | +0.90% | $50.9M | /scor-vs-hgbl → |
| BBCI Bradbury Capital Inc. | D- | 43/100 | — | — | — | +0.59% | $68.0M | /bbci-vs-hgbl → |
| TC Token Cat Limited | E | 25/100 | 90.8x | — | -20.6% | -6.35% | $26.7M | /tc-vs-hgbl → |
In its most recent audited fiscal period (FY2025, filed 2025-12-31), Heritage Global Inc. (HGBL) reported GAAP revenue of $51.0M (+12.4% vs. FY2024 revenue of $45.4M , and -15.8% cumulative change since FY2023) , GAAP net income of $3.6M, operating cash flow of $6.1M, and free cash flow of -$2.3M (-130.7% YoY). On the balance sheet, HGBL closed FY2025 with $88.4M in total assets against $0 in total debt (Altman Z-Score: 0.20, Piotroski F-Score: 6/9).
| Fiscal Period | Filing Date | Revenue | Net Income | Operating Cash Flow | Free Cash Flow | Total Assets | Total Debt |
|---|---|---|---|---|---|---|---|
| FY2025 (FY) | 2025-12-31 | $51.0M | $3.6M | $6.1M | -$2.3M | $88.4M | — |
| FY2024 (FY) | 2024-12-31 | $45.4M | $5.2M | $7.7M | $7.6M | $81.3M | — |
| FY2023 (FY) | 2023-12-31 | $60.5M | $12.5M | $13.0M | $13.0M | — | — |
As of 2026-11-03, Heritage Global Inc. (NASDAQ: HGBL) is rated D- (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 36/100 at a spot price of $1.25 (-0.40% 1D, market cap $43.3M). Pillar breakdown: Fundamental Cash Engine 5/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 10/20, FRED Macro Regime Fit 6/20, and Executive Insider Alignment 9/20. Across 1009 tracked Consumer Discretionary issuers, HGBL ranks #782 in composite RQD confidence.
Within the Consumer Discretionary sector (Business Services), HGBL carries a Roarable D- (36/100 RQD), trailing P/E of 12.2x, gross margin of 27.4%, and ROIC of 9.7%. By comparison, TDTH (Trident Digital Tech Holdings Ltd (Class B)) holds a E grade (30/100 RQD, P/E N/A, ROIC —, cap $41.0M) and SCOR (comScore Inc.) posts a E grade (31/100 RQD, P/E N/A, ROIC 2.8%, cap $50.9M). Among the 5-stock peer group, HGBL leads on earnings multiple (12.2x) while HGBL leads on capital efficiency (9.7% ROIC).
Per HGBL's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0000849145), Heritage Global Inc. generated $51.0M in revenue (+12.4% YoY), $3.6M in net income, and -$2.3M in free cash flow against $88.4M in total assets and $0 in total debt. Key quantitative strengths: Established market leader in Consumer Discretionary with deep daily trading liquidity. Primary risk factors monitored: Company executives have done more routine share selling than personal cash buying lately. Institutional options positioning shows a 50% call / 50% put premium split.
HGBL last traded at $1.25 (-0.40% on volume of 24,256 shares), positioning the stock -3.85% below its 50-day simple moving average ($1.30) and -2.34% below its 200-day simple moving average ($1.28). Across its 52-week range of $1.01 to $1.55, HGBL sits at the 44.4% percentile with a 14-day RSI of 44.1 (NEUTRAL RANGE) and an implied next-earnings move of ±5.4% ($1.18 to $1.32).
Heritage Global Inc. (HGBL) earns a live Roarable RQD composite score of 36/100, corresponding to a D- letter grade (Roarable Sell) at a spot price of $1.25 (-0.40% 1D, market capitalization $43.3M).
Heritage Global Inc. Is classified in the Consumer Discretionary sector and the Business Services industry, and is listed on NASDAQ . The company reported revenue of $51.0M for FY 2025, indicating an operating business of meaningful scale relative to its market capitalization.
In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Heritage Global Inc. (HGBL) reported $51.0M in annual revenue (up from $45.4M in FY2024, +12.4% YoY) and $3.6M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($60.5M revenue, $12.5M net income) through FY2025, HGBL scaled operating cash flow to $6.1M and free cash flow to -$2.3M, backed by $88.4M in total assets against $0 in total debt.
The source data therefore does not establish specific upstream suppliers, downstream customers, or sector correlations for HGBL. An investor should note that the absence of mapped links means second-order ripple effects cannot be assessed from this dataset, and that the company's exposure to Consumer Discretionary and Business Services conditions is a classification only.
Real-time company headlines, analyst actions, and sector developments for Heritage Global Inc. (HGBL) • Click "Debate This Headline" to argue it in the Roar Pit below
Yahoo Finance report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
TradingView report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
https://www.siam.in/ report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
Yahoo! Finance Canada report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
TradingKey report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
https://www.dars.gov.et/ report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
Yahoo! Finance Canada report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
https://www.siam.in/ report covering Heritage Global Inc. (HGBL) market action, institutional positioning, and fundamental catalysts.
A 12.2 trailing P/E and 10.2 forward P/E sit alongside a 9.7% ROIC, with a Q2 2026 EPS beat of $0.06 reported in the news wire.. When you look under the hood at HGBL, Fundamental Cash Engine is 5/20 with 27.4% gross margins and 9.7% ROIC. Bears are staring in the rearview mirror while institutional 13F flow (6/20) has been quietly accumulating below $1.55. My 12M target is $1.59.
@CreditSpread_Watch Shorting a 6/20 institutional whale-flow stock at $1.25 is dangerous when funds are rotating into Consumer Discretionary.
Careful chasing HGBL at $1.25. The Altman Z-Score of 0.2 and a -5.35% FCF yield signal financial stress, with FY 2025 free cash flow at -$2.3M.. Gross margin is 27.4%, but operating margin is 11.2%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $0.94 on multiple compression.
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