• Heritage Global posted net income of $717,000 for quarter ended March 31, 2026, down 33%.
• Revenue slipped 5% to $12.73 million, while operating income fell 28% to $1.01 million.
• Selling, general and administrative expense climbed 17% to $7.62 million, primarily due to acquisition of substantially all assets of The Debt Exchange.
• Cash and cash equivalents dropped to $11.6 million as of March 31, 2026 from $20.5 million at Dec. 31, 2025, with $8.5 million of cash paid for Debt Exchange acquisition.
• DebtX acquisition closed effective Jan. 1, 2026, adding commercial loan sale advisory services and reported as Commercial Loans segment within Financial Assets division.

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: 0001193125-26-211813), on May 07, 2026, and is solely responsible for the information contained therein.