All three tenses have at least two readings, so the archetype blend applies as printed.
All nine metrics read as filed from the record.
What did they actually do?
Has it survived what it has been through?
2 warning events since 2017; the latest 2022-08-15.
From the record
Heritage Global Inc.'s filings since 2017 show 2 warning events: an auditor change (8-K item 4.01, 2 times, the latest 2022-08-15) (its current reports).
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What has it actually done, year after year?
+12.3% a year over 9 filed years; profitable in 8 of 9.
From the record
Heritage Global Inc.'s 9 filed years say what it did: revenue went from $20 million in fiscal 2017 to $51 million in fiscal 2025, up 12.3% a year; it rose in 6 of 8 years; the deepest fall was 25% from fiscal 2023 to fiscal 2024; net income was positive in 8 of 9 of those years (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How has it treated the people who own it?
Share count shrank 1.5% a year. 19% of cash flow returned. Insiders: 10 sales, 5 purchases.
From the record
Over the 3 fiscal years to 2025-12-31, Heritage Global Inc.'s diluted share count shrank about 1.5% a year, and dividends and buybacks returned about 19% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 10 sales (9 under scheduled 10b5-1 plans) and 5 purchases of their own stock on the open market in the year to 2026-11-03, buying about $530 thousand (their Form 4 filings).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they doing right now?
Is it financially healthy right now?
ROE 5%: 5¢ of profit per shareholder dollar. Leverage 24%: owes 24¢ per asset dollar.
From the record
Return on equity: in the fiscal year ended 2025-12-31, Heritage Global Inc. earned about 5 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 16 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 24 cents per dollar of assets, and net share issuance: its share count shrank 4.6% over the year (the filed statements).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
How strong is its position in its industry?
bottom 39% of 101 in its family; net margin 7%.
From the record
Heritage Global Inc.'s standing among 101 graded names in its industry family: revenue of $51 million in fiscal 2025 ranks in the bottom 16% by size; a net margin of 7% ranks in the top 33%; revenue growth of 2.8% a year over the last 3 filed years ranks in the bottom 33% (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are the people in charge doing?
top 18% of 65 in its family for leadership; chief executive since 2015.
From the record
Heritage Global Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Dove, Ross (CEO, as filed), filing under that title since 2015-06-01, 11.5 years (top 15% of its family); the 11 officers and directors filing in the last fifteen months have been on the record a median of 6.1 years (top 35%); 1 officer or director change was reported on Form 8-K since 2023-11-13, against the 11 people in charge now (top 5%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What are they set up to do next?
How much room does it have to grow?
bottom 41% of 99 in its family for room to expand.
From the record
Heritage Global Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $21 million against no long-term debt tagged leaves 23.2% of its assets as net cash, top 23% of its family; cash from operations less capital spending is -4.6% of revenue (bottom 21%); a gross margin of 27.4% (bottom 24%) (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
What could actually drive growth from here?
top 38% of 99 in its family for growth drivers.
From the record
Heritage Global Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 2.8% a year over the last three filed years against 12.3% over all 9, slowing (bottom 28% of its family); the newest year grew 12.4% (top 41%); capital spending grew 240.2% a year (top 2%) (its annual reports). Heritage Global Inc. reported 2 product lines in fiscal 2025: Service at $33 million (65%), Product at $18 million (35%); 2 of 2 grew against the year before (its annual report).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
Did its newest year beat what its own record pointed to?
bottom 36% of 93 in its family for expectations against reality.
From the record
Heritage Global Inc.'s newest year against its own record: revenue of $51 million in fiscal 2025 came in 14.3% above the $45 million its prior three years' pace pointed to (top 15% of its family); net income of $4 million against a prior three-year average of $11 million (bottom 12%); a net margin of 7% against 21.7% before (bottom 10%) (its annual reports).
What it rests on
A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.
The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made