Heritage Global

Heritage Global reported a net loss of $15.9m in Q2 2026 (diluted −$0.46), driven by about $21.7m of non-cash write-downs related to the wind‑down of Heritage Global Capital. Adjusted earnings of $0.04 per share beat estimates, while revenue of $13.29m missed the $13.7m forecast. Management says the wind‑down frees time and capital for the core business and will focus going forward on DebtX, NLEX and the acquisition of Boston Note; it expects a stronger second half, particularly in industrial auctions and financial assets. The stock traded volatile and fell in after‑hours to $0.98, near its 52‑week low. » Plus sur de.investing.com

Heritage Global announces the extensive wind-down of its specialty finance division Heritage Global Kapital and expects a material non-cash write-down of distressed loans in the second quarter of 2026. Because additional time is needed to determine the charge, the conference call for the Q2 results was postponed from August 6 to August 13, 2026. Management and a webcast will outline the financial impact at the rescheduled session. » Plus sur de.investing.com

Heritage Global is acquiring, in an all-cash transaction effective Jan. 1, substantially all of DebtX’s assets for about $8.5 million through its subsidiary Heritage DebtX LLC. The acquisition is intended to strengthen the Financial Assets division, expand its presence in the loan secondary market, and add advisory, valuation and market data capabilities for loan portfolios. DebtX will remain operationally independent under its existing leadership team, co-founder Bruce Hounsell will move into the leadership role, and Heritage expects the deal to be accretive to earnings in 2026. » Plus sur de.investing.com