Heritage Global Q2 FY26 net loss widens to $15.89 million; revenue falls 14% to $12.27 million

Reuters2026/08/13 20:03

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Heritage Global swung to a net loss of $15.89 million from profit in the prior-year quarter as revenue fell 14% to $12.27 million.
Operating loss widened to $20.91 million as selling, general and administrative costs climbed 77% to $10.84 million.
Equity-method results flipped to an $18.17 million loss, reflecting an $18.2 million non-cash impairment tied to Specialty Lending.
The board authorized a plan on July 30, 2026 to wind down the Specialty Lending segment starting in the third quarter.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Heritage Global Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001193125-26-349109), on August 13, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Heritage Global Q2 FY26 net loss widens to $15.89 million; revenue falls 14% to $12.27 million

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