TradingKey Deals and strategy
Heritage Global (HGBL) Q2 2026 Earnings Call: $21.7M Wind-Down Charge
Heritage Global (HGBL) reported a significant net loss of $15.9 million in Q2 2026, primarily due to a $21.7 million non-cash charge related to winding down Heritage Global Capital and exiting specialty lending. This strategic shift aims to reallocate capital and focus to its industrial auction business and asset-light brokerage platforms, including recent acquisitions like Boston Note. Management …