Evidence method
Level · gp.fundamentals.capex_revenue_ratio
16.61% · OPTIONAL · VALID
GROSSPATTERN / FUNDAMENTAL STATE / POINT IN TIME
HGBL · Dec 31, 2025
Heritage Global Inc.. A multidimensional configuration derived from the filing available at this observation—never a composite score or recommendation.
STATE CAPABILITYLEVEL 3[email protected]
Inspectable configuration
State dimensions
Filing0001193125-26-104062General Corporate
Evidence method
Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue
12.04% · OPTIONAL · VALID
Evidence method
Yoy · gp.fundamentals.revenue
12.38% · CORE · VALID
Evidence method
Level · gp.fundamentals.inventory_revenue_ratio
11.63% · OPTIONAL · VALID
Evidence method
Level · gp.fundamentals.gross_margin
27.42% · CORE · NOT_ENOUGH_HISTORY
Evidence method
Level · gp.fundamentals.operating_margin
11.20% · CORE · VALID
Evidence method
Level · gp.fundamentals.sbc_revenue_ratio
1.77% · OPTIONAL · VALID
As-filed lineage
Fundamental state history
Each observation is tied to the filing and facts available at that report date. Amendments remain separate.
History12 statesHistory building
Dec 31, 20220/6 normalizedAmended as filedDec 31, 20230/7 normalizedLevel 3Mar 31, 20240/6 normalizedLevel 3Jun 30, 20240/6 normalizedLevel 3Sep 30, 20240/6 normalizedLevel 3Dec 31, 20245/6 normalizedLevel 3Mar 31, 20255/7 normalizedLevel 3Jun 30, 20255/7 normalizedLevel 3Sep 30, 20256/8 normalizedLevel 3Dec 31, 20256/7 normalizedLevel 3Mar 31, 20266/8 normalizedLevel 3Jun 30, 20266/8 normalizedLevel 3
Period transition
What moved in the state?
- Previous
- 2.59%
- Current
- 16.61%
- Delta
- 14.03%
- Previous
- 0.54%
- Current
- 12.04%
- Delta
- 11.50%
- Previous
- 9.13%
- Current
- 12.38%
- Delta
- 3.26%
- Previous
- 49.39%
- Current
- 11.63%
- Delta
- -37.76%
- Previous
- -5.63%
- Current
- 27.42%
- Delta
- 33.05%
- Previous
- 11.45%
- Current
- 11.20%
- Delta
- -0.25%
- Previous
- 1.80%
- Current
- 1.77%
- Delta
- -0.03%
Self-history only
Previous similar states
Similarity compares compatible valid dimensions from this issuer's own point-in-time history. No market-return claim is attached.
Not enough compatible prior states for a transparent self-history match.
Research Graph
Related governed research
Transitioned To · HGBL Fundamental State →Transitioned To · HGBL Fundamental State →Transitioned To · HGBL CAPEX_INTENSITY_INCREASED →Transitioned To · HGBL CASH_GENERATION_INCREASED →Transitioned To · HGBL GROWTH_INCREASED →Transitioned To · HGBL INVENTORY_PRESSURE_DECREASED →Transitioned To · HGBL MARGIN_INCREASED →Transitioned To · HGBL PROFITABILITY_DECREASED →Transitioned To · HGBL SBC_INTENSITY_DECREASED →
Method Percentiles and historical matches use only observations available at each point in time. Missing dimensions remain missing. Public price outcomes and cross-market analogues are deliberately absent.