Heritage Global Inc 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2026OR TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 59-2291344(I.R.S. Employer Identification No.) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during thepreceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of RegulationS-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2of the Exchange Act. Large Accelerated Filer☐Non-Accelerated Filer☒ Accelerated Filer☐Smaller reporting company☒Emerging growth company☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revisedfinancial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date:As of August 1, 2026, there were 34,639,445 shares of common stock outstanding, $0.01 par value. TABLE OF CONTENTS Part I.Financial InformationItem 1.Financial Statements3Condensed Consolidated Balance Sheets as of June 30, 2026 (unaudited) and December 31, 20253Condensed Consolidated Statements of Income for the three and six months ended June 30, 2026 and 2025(unaudited)4Condensed Consolidated Statements of Stockholders’ Equity for the three and six months ended June 30, 2026and 2025 (unaudited)5Condensed Consolidated Statements of Cash Flows for the six months ended June 30, 2026 and 2025(unaudited)6Notes to Unaudited Condensed Consolidated Financial Statements8Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations27Item 3.Quantitative and Qualitative Disclosures About Market Risk40Item 4.Controls and Procedures40Part II.Other InformationItem 1.Legal Proceedings41Item 1A.Risk Factors41Item 2.Unregistered Sales of Equity Securities and Use of Proceeds41Item 3.Defaults Upon Senior Securities41Item 4.Mine Safety Disclosures41Item 5.Other Information42Item 6.Exhibits43Signature Page44 HERITAGE GLOBAL INC.CONDENSED CONSOLIDATED BALANCE SHEETS(In thousands of US dollars, except share and per share amounts) HERITAGE GLOBAL INC.CONDENSED CONSOLIDATED STATEMENTS OF INCOME(In thousands of US dollars, except share and per share amounts)(unaudited) HERITAGE GLOBAL INC.CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(In thousands of US dollars) (unaudited) The accompanying notes are an integral part of these condensed consolidated unaudited financial statements. HERITAGE GLOBAL INC.NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(unaudited) Note 1 – Basis of Presentation These unaudited condensed consolidated interim financial statements include the accounts of Heritage Global Inc. ("HG")together with its subsidiaries, including Heritage Global Partners, Inc. (“HGP”), National Loan Exchange Inc. (“NLEX”), HeritageGlobal LLC (“HG LLC”), Heritage Global Capital LLC (“HGC”), Heritage ALT LLC (“ALT”), and Heritage DebtX LLC("DebtX"). These entities, collectively, are referred to as "the Company,” "us" “we” or “our” in these condensed consolidatedfinancial statements. These condensed consolidated financial statements were prepared in conformity with generally acceptedaccounting principles in the United States of America (“GAAP”), as outlined in the Financial Accounting Standards Board(“FASB”) Accounting Standards Codification (“ASC”) and include the assets, liabilities, revenues, and expenses of all subsidiariesover which HG exercises control. All significant intercompany accounts and transactions have been eliminated upon consolidation. The Company began its operations in 2009 with the establishment of HG LLC. The business was subsequently expanded bythe acquisitions of HGP in 2012, NLEX in 2014, ALT in 2021, and DebtX in 2026, and the creation of HGC in 2019. As a result,HG is positioned to provide an array of value-added capital and financial