HQI

MKT CAP:$156M

HireQuest, Inc.

Market Cap

$156M

Industrials·Staffing & Employment Services·🇺🇸 United States·NASDAQ

Industrials·Staffing·🇺🇸·NASDAQ

Stock Price

$10.44-$0.26 (-2.43%)

Apr 17, 2026

Company Details

HireQuest, Inc. provides temporary staffing solutions in the United States. The company provides temporary staffing services, including skilled and semi-skilled labor and industrial personnel, clerical and administrative personnel, and cons...

CEO

Richard F. Hermanns

IPO Date

Oct 7, 2003

Website

www.hirequest.com

Key Metrics TTM

Revenue

$32M

+40.0% YoY

Net Income

$3M

EPS (Diluted)

$0.20

Free Cash Flow

$21M

Revenue / Share

$2.25

Gross Margin

81.5%

Operating Margin

22.8%

Net Margin

8.6%

FCF Margin

66.6%

P/S

5.0x

P/E

57.6x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

FY 2025

Mar 30, 2026

$31MEPS $0.45

Q4 2025

Mar 30, 2026

$7MEPS $0.12

Q3 2024

Nov 7, 2024

$9MEPS -$0.16

FY 2022

Mar 21, 2023

$31M+37.4%EPS $0.91

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q3 18	$26M	$6M	$751.1K
Q4 18	$24M	$7M	$1M
Q1 19	$22M	$6M	-$985.6K
Q2 19	$25M	$7M	$877.5K
Q1 20	$4M	$4M	$834.8K
Q2 20	$3M	$3M	$937.5K
Q3 20	$3M	$3M	$2M
Q4 20	$3M	$3M	$1M
Q1 21	$3M	$3M	-$772.0K
Q2 21	$6M	$6M	$3M
Q3 21	$7M	$7M	$3M
Q4 21	$7M	$7M	$2M
Q1 22	$7M	$7M	$4M
Q4 22	$8M	$5M	$3M
Q3 24	$9M	$9M	-$3M
Q4 25	$7M	$4M	$3M

Valuation

Quarter	P/S	P/E
Q3 18	0.3x	—
Q4 18	0.2x	19.1x
Q1 19	0.2x	12.7x
Q2 19	0.8x	56.9x
Q1 20	1.0x	48.5x
Q2 20	1.6x	50.2x
Q3 20	2.9x	23.5x
Q4 20	10.3x	26.5x
Q1 21	19.7x	31.4x
Q2 21	15.9x	25.8x
Q3 21	14.1x	24.8x
Q4 21	12.0x	22.8x
Q1 22	9.9x	29.7x
Q4 22	8.5x	27.8x
Q3 24	6.3x	59.5x
Q4 25	4.6x	52.9x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q3 18	$1M	$982.1K
Q4 18	$2M	$2M
Q1 19	$284.3K	$217.1K
Q2 19	-$1M	-$1M
Q1 20	$6M	$5M
Q2 20	$4M	$4M
Q3 20	-$3M	-$3M
Q4 20	$4M	$4M
Q1 21	$12M	$11M
Q2 21	-$534.0K	-$1M
Q3 21	$3M	$3M
Q4 21	$3M	$2M
Q1 22	$5M	$5M
Q4 22	$6M	$5M
Q3 24	$4M	$4M
Q4 25	$7M	$7M

Capital Expenditures

Quarter	CapEx
Q3 18	$65.5K
Q4 18	$8.2K
Q1 19	$67.2K
Q2 19	$32.4K
Q1 20	$676.7K
Q2 20	$299.5K
Q3 20	$202.8K
Q4 20	$422.9K
Q1 21	$445.0K
Q2 21	$591.0K
Q3 21	$115.0K
Q4 21	$824.7K
Q1 22	$244.0K
Q4 22	$401.0K
Q3 24	$103.0K
Q4 25	$13.0K

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q3 18	-1.5%	+1.8%
Q4 18	-0.3%	-3.5%
Q1 19	-3.2%	-6.0%
Q2 19	+2.7%	+2.6%
Q1 20	-84.3%	-87.1%
Q2 20	-88.1%	-91.5%
Q3 20	-84.5%	-93.9%
Q4 20	-86.3%	-90.9%
Q1 21	-17.4%	+27.1%
Q2 21	+96.7%	+22.6%
Q3 21	+103.4%	+145.3%
Q4 21	+92.0%	+123.1%
Q1 22	+107.0%	-24.5%
Q4 22	+41.0%	+118.8%
Q3 24	+36.8%	+255.2%
Q4 25	+7.6%	-22.1%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q3 18	-$218.2K	-0.8%
Q4 18	$25.4K	0.1%
Q1 19	$26.6K	0.1%
Q2 19	$128.6K	0.5%
Q1 20	$322.8K	7.8%
Q2 20	$242.4K	8.4%
Q3 20	$0	0.0%
Q4 20	$270.3K	7.9%
Q1 21	$268.0K	7.9%
Q2 21	$301.0K	5.3%
Q3 21	$851.0K	12.4%
Q4 21	$207.9K	3.2%
Q1 22	$246.0K	3.5%
Q4 22	$480.0K	6.0%
Q3 24	$549.0K	5.8%
Q4 25	$112.0K	1.6%

OpEx Breakdown

Quarter	G&A	S&M	SG&A
Q3 18	—	—	$6M
Q4 18	$5M	$7.0K	—
Q1 19	—	—	$7M
Q2 19	—	—	$6M
Q4 20	$2M	$33.0K	—
Q1 21	—	—	$4M
Q2 21	—	—	$2M
Q4 21	—	—	$4M
Q4 22	$5M	$98.0K	—
Q3 24	—	—	$5M
Q4 25	—	—	$4M

Revenue Segments

Quarter	Franchise Royalties	Service Revenue	Hire Quest	HireQuest Direct	Snelling	Hire Quest Direct	Royalty	Service
Q1 20	$4M	$414.7K	—	—	—	—	—	—
Q2 20	$3M	$261.7K	—	—	—	—	—	—
Q3 20	$3M	$164.1K	—	—	—	—	—	—
Q4 20	$3M	$175.8K	—	—	—	—	—	—
Q1 21	—	—	$212.9K	$3M	$140.0K	—	—	—
Q2 21	—	—	$2M	—	—	$3M	—	—
Q3 21	—	—	$2M	—	—	$4M	—	—
Q4 21	—	—	—	—	—	—	$6M	$471.1K
Q4 22	—	—	—	—	—	—	$8M	$378.0K
Q3 24	—	—	—	—	—	—	$9M	$428.0K
Q4 25	—	—	—	—	—	—	$7M	$392.0K

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$2M	$0	$2M
Q2 22	$1M	$0	$1M
Q3 22	$2M	$0	$2M
Q4 22	$3M	$0	$3M
Q1 23	$8M	$0	$8M
Q2 23	$2M	$0	$2M
Q3 23	$1M	$0	$1M
Q4 23	$1M	$0	$1M
Q1 24	$2M	$0	$2M
Q2 24	$614.0K	$0	$614.0K
Q3 24	$2M	$0	$2M
Q4 24	$2M	$0	$2M
Q1 25	$2M	$0	$2M
Q2 25	$3M	$0	$3M
Q3 25	$1M	$0	$1M
Q4 25	$4M	$0	$4M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q3 18	5M	-2.4%	-5.8%
Q4 18	5M	-2.3%	-5.6%
Q1 19	5M	-0.9%	-6.4%
Q2 19	5M	-0.7%	-6.1%
Q1 20	14M	+192.3%	+181.2%
Q2 20	14M	+0.1%	+188.0%
Q3 20	14M	+0.2%	+191.2%
Q4 20	14M	+1.2%	+196.5%
Q1 21	14M	+0.5%	+2.0%
Q2 21	14M	+0.5%	+2.3%
Q3 21	14M	-1.7%	+0.3%
Q4 21	14M	-0.0%	-0.8%
Q1 22	14M	+0.3%	-1.0%
Q4 22	14M	+0.6%	-0.9%
Q3 24	14M	+0.7%	+1.6%
Q4 25	14M	+1.4%	+2.9%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q3 18	$797	33K
Q4 18	$764	32K
Q1 19	$680	32K
Q2 19	$776	32K
Q1 20	$61	67K
Q2 20	$43	67K
Q3 20	$50	67K
Q4 20	$60	57K
Q1 21	$60	57K
Q2 21	$100	57K
Q3 21	$121	57K
Q4 21	$90	73K
Q1 22	$96	73K
Q4 22	$95	85K
Q3 24	$129	73K
Q4 25	$94	75K

Revenue / Employee