Heritage Global annual free cash flow
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2025
Heritage Global Free Cash Flow (FCF) History (HGBL)
Heritage Global reported −$2.3M in free cash flow for fiscal 2025, a decrease of $9.9M from the previous fiscal year, with a free cash flow margin of −4.58%.
View full Heritage Global company overviewHeritage Global free cash flow by year
| Fiscal year | Period ended | Free cash flow | Change | Growth | FCF margin |
|---|---|---|---|---|---|
| 2025 | 2025-12-31 | −$2.3M | −$9.9M | — | −4.58% |
| 2024 | 2024-12-31 | $7.6M | −$5.2M | −40.39% | +16.77% |
| 2023 | 2023-12-31 | $12.8M | $6.5M | +103.64% | +21.08% |
| 2022 | 2022-12-31 | $6.3M | $10.3M | — | +13.36% |
| 2021 | 2021-12-31 | −$4.1M | −$13.2M | — | −15.73% |
| 2020 | 2020-12-31 | $9.1M | $8.5M | +1248.23% | +34.91% |
| 2019 | 2019-12-31 | $678,000 | −$6.7M | −90.80% | +2.59% |
| 2018 | 2018-12-31 | $7.4M | $6.2M | +547.72% | +31.15% |
| 2017 | 2017-12-31 | $1.1M | −$2.7M | −70.20% | +5.65% |
| 2016 | 2016-12-31 | $3.8M | $4.7M | — | +16.02% |
| 2015 | 2015-12-31 | −$845,000 | −$361,000 | — | −4.85% |
| 2014 | 2014-12-31 | −$484,000 | −$2.7M | — | −2.42% |
| 2013 | 2013-12-31 | $2.3M | $7.1M | — | +25.31% |
| 2012 | 2012-12-31 | −$4.8M | −$8.9M | — | −34.19% |
| 2011 | 2011-12-31 | $4.1M | — | — | +23.50% |
Heritage Global quarterly free cash flow
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Q2.12
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Q4.12
Q1.13
Q2.13
Q3.13
Q4.13
Q1.14
Q2.14
Q3.14
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Q1.15
Q2.15
Q3.15
Q4.15
Q3.16
Q1.17
Q2.17
Q3.17
Q4.17
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Q3.18
Q4.18
Q1.19
Q2.19
Q3.19
Q4.19
Q1.20
Q2.20
Q3.20
Q4.20
Q1.21
Q2.21
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Q4.21
Q1.22
Q2.22
Q3.22
Q4.22
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Q2.23
Q3.23
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Q1.24
Q2.24
Q3.24
Q4.24
Q1.25
Q2.25
Q3.25
Q4.25
Q1.26
Q2.26
| Fiscal quarter | Period ended | Free cash flow | Change | YoY growth | FCF margin |
|---|---|---|---|---|---|
| Q2 2026 | 2026-06-30 | $1.4M | −$312,000 | −18.14% | +11.48% |
| Q1 2026 | 2026-03-31 | −$3.2M | $1.6M | — | −25.47% |
| Q4 2025 | 2025-12-31 | $971,000 | $6.5M | — | +8.19% |
| Q3 2025 | 2025-09-30 | −$233,000 | −$5.7M | — | −2.05% |
| Q2 2025 | 2025-06-30 | $1.7M | −$4.3M | −71.22% | +12.02% |
| Q1 2025 | 2025-03-31 | −$4.8M | −$6.4M | — | −35.60% |
| Q4 2024 | 2024-12-31 | −$5.5M | −$5.9M | — | −51.19% |
| Q3 2024 | 2024-09-30 | $5.5M | −$406,000 | −6.89% | +52.73% |
| Q2 2024 | 2024-06-30 | $6.0M | $8.4M | — | +49.71% |
| Q1 2024 | 2024-03-31 | $1.7M | −$7.2M | −81.32% | +13.60% |
| Q4 2023 | 2023-12-31 | $426,000 | −$3.4M | −88.76% | +2.79% |
| Q3 2023 | 2023-09-30 | $5.9M | $4.5M | +321.98% | +37.91% |
| Q2 2023 | 2023-06-30 | −$2.4M | −$412,000 | — | −18.42% |
| Q1 2023 | 2023-03-31 | $8.9M | $5.8M | +187.44% | +53.31% |
| Q4 2022 | 2022-12-31 | $3.8M | $2.3M | +153.92% | +27.41% |
| Q3 2022 | 2022-09-30 | $1.4M | $2.6M | — | +11.03% |
| Q2 2022 | 2022-06-30 | −$2.0M | −$3.5M | — | −18.08% |
| Q1 2022 | 2022-03-31 | $3.1M | $8.9M | — | +32.93% |
| Q4 2021 | 2021-12-31 | $1.5M | −$4.8M | −76.45% | +19.84% |
| Q3 2021 | 2021-09-30 | −$1.2M | −$4.9M | — | −20.46% |
| Q2 2021 | 2021-06-30 | $1.5M | $2.2M | — | +29.50% |
| Q1 2021 | 2021-03-31 | −$5.8M | −$5.7M | — | −82.38% |
| Q4 2020 | 2020-12-31 | $6.3M | $6.6M | — | +76.80% |
| Q3 2020 | 2020-09-30 | $3.6M | $3.3M | +1007.32% | +48.00% |
| Q2 2020 | 2020-06-30 | −$709,000 | −$3.7M | — | −11.59% |
| Q1 2020 | 2020-03-31 | −$123,000 | $2.2M | — | −2.90% |
| Q4 2019 | 2019-12-31 | −$296,000 | −$3.4M | — | −5.31% |
| Q3 2019 | 2019-09-30 | $328,000 | $4,000 | +1.23% | +4.95% |
| Q2 2019 | 2019-06-30 | $3.0M | −$1.3M | −30.46% | +40.22% |
| Q1 2019 | 2019-03-31 | −$2.3M | −$2.0M | — | −35.72% |
| Q4 2018 | 2018-12-31 | $3.1M | $3.8M | — | +52.22% |
| Q3 2018 | 2018-09-30 | $324,000 | −$615,000 | −65.50% | +6.32% |
| Q2 2018 | 2018-06-30 | $4.3M | $5.0M | — | +63.00% |
| Q1 2018 | 2018-03-31 | −$331,000 | −$1.9M | — | −5.69% |
| Q4 2017 | 2017-12-31 | −$685,000 | −$4.9M | — | −12.28% |
| Q3 2017 | 2017-09-30 | $939,000 | $904,000 | +2582.86% | +19.82% |
| Q2 2017 | 2017-06-30 | −$680,000 | −$1.1M | — | −14.22% |
| Q1 2017 | 2017-03-31 | $1.6M | $2.4M | — | +31.07% |
| Q3 2016 | 2016-09-30 | $4.2M | $4.7M | — | +49.27% |
| Q4 2015 | 2015-12-31 | $35,000 | $1.8M | — | +0.64% |
| Q3 2015 | 2015-09-30 | $463,000 | −$1.7M | −79.06% | +12.31% |
| Q2 2015 | 2015-06-30 | −$881,000 | −$595,000 | — | −24.93% |
| Q1 2015 | 2015-03-31 | −$462,000 | $221,000 | — | −9.89% |
| Q4 2014 | 2014-12-31 | −$1.7M | −$1.6M | — | −18.99% |
| Q3 2014 | 2014-09-30 | $2.2M | $2.8M | — | +36.23% |
| Q2 2014 | 2014-06-30 | −$286,000 | −$3.1M | — | −10.17% |
| Q1 2014 | 2014-03-31 | −$683,000 | −$852,000 | — | −34.41% |
| Q4 2013 | 2013-12-31 | −$107,000 | $8.2M | — | −4.32% |
| Q3 2013 | 2013-09-30 | −$603,000 | −$994,000 | — | −20.87% |
| Q2 2013 | 2013-06-30 | $2.8M | $5.4M | — | +144.51% |
| Q1 2013 | 2013-03-31 | $169,000 | −$5.5M | −97.02% | +10.62% |
| Q4 2012 | 2012-12-31 | −$8.3M | — | — | −196.53% |
| Q3 2012 | 2012-09-30 | $391,000 | — | — | +12.81% |
| Q2 2012 | 2012-06-30 | −$2.6M | — | — | −68.31% |
| Q1 2012 | 2012-03-31 | $5.7M | — | — | +186.95% |
Heritage Global free cash flow growth trends
Over the last five reported fiscal years, free cash flow declined from $9.1M to −$2.3M, a net decrease of $11.5M. Heritage Global's latest reported quarter, Q2 2026, generated $1.4M in free cash flow, a decrease of 18.14% year over year.
About the metric
What free cash flow means
Free cash flow is the cash a company generates from operations after capital expenditures. Positive FCF can fund dividends, buybacks, debt repayment, or reinvestment; negative FCF means capital spending exceeded operating cash flow for that period.
Calculation and source
How free cash flow is calculated
TickerStat calculates free cash flow as SEC-reported operating cash flow minus capital expenditures. FCF margin equals free cash flow divided by revenue. Fiscal periods can differ from calendar years, so the tables include exact period-end dates.
Review Heritage Global filings at SEC.gov ↗