GPGrossPatternRESEARCH SYSTEM
SEC CHECK OPERATIONAL
GROSSPATTERN / FUNDAMENTAL STATE / POINT IN TIME

HGBL · Sep 30, 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

Filing0001193125-25-269427General Corporate
Debt relative to revenueRAWCurrent state valid · history insufficient
Evidence method

Level · gp.fundamentals.debt_to_revenue

36.09% · OPTIONAL · NOT_ENOUGH_HISTORY

Capex intensity91thOwn-history percentile · N=11
Evidence method

Level · gp.fundamentals.capex_revenue_ratio

2.59% · OPTIONAL · VALID

Operating cash generation9thOwn-history percentile · N=11
Evidence method

Ratio · gp.fundamentals.operating_cash_flow + gp.fundamentals.revenue

0.54% · OPTIONAL · VALID

Revenue growth50thOwn-history percentile · N=8
Evidence method

Yoy · gp.fundamentals.revenue

9.13% · CORE · VALID

Inventory pressure100thOwn-history percentile · N=11
Evidence method

Level · gp.fundamentals.inventory_revenue_ratio

49.39% · OPTIONAL · VALID

Gross marginRAWCurrent state valid · history insufficient
Evidence method

Level · gp.fundamentals.gross_margin

-5.63% · CORE · NOT_ENOUGH_HISTORY

Operating margin9thOwn-history percentile · N=11
Evidence method

Level · gp.fundamentals.operating_margin

11.45% · CORE · VALID

SBC intensity55thOwn-history percentile · N=11
Evidence method

Level · gp.fundamentals.sbc_revenue_ratio

1.80% · 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?

Balance Sheet Leverage Increased
Previous
29.60%
Current
36.09%
Delta
6.49%
Capex Intensity Increased
Previous
1.11%
Current
2.59%
Delta
1.48%
Cash Generation Decreased
Previous
13.14%
Current
0.54%
Delta
-12.60%
Growth Decreased
Previous
18.97%
Current
9.13%
Delta
-9.85%
Inventory Pressure Increased
Previous
39.33%
Current
49.39%
Delta
10.06%
Profitability Decreased
Previous
15.60%
Current
11.45%
Delta
-4.15%
Sbc Intensity Increased
Previous
1.60%
Current
1.80%
Delta
0.19%
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 BALANCE_SHEET_LEVERAGE_INCREASED →Transitioned To · HGBL CAPEX_INTENSITY_INCREASED →Transitioned To · HGBL CASH_GENERATION_DECREASED →Transitioned To · HGBL GROWTH_DECREASED →Transitioned To · HGBL INVENTORY_PRESSURE_INCREASED →Transitioned To · HGBL PROFITABILITY_DECREASED →Transitioned To · HGBL SBC_INTENSITY_INCREASED →

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.