Hirequest Inc Financials
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Hirequest Inc has an operating margin of 12.6%, meaning the company retains $13 of operating profit per $100 of revenue. This results in a moderate score of 63/100, indicating healthy but not exceptional operating efficiency. This is down from 28.1% the prior year.
Hirequest Inc's revenue declined 8.7% year-over-year, from $37.9M to $34.6M. This contraction results in a growth score of 4/100.
Hirequest Inc carries a low D/E ratio of 0.45, meaning only $0.45 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 94/100, indicating a strong balance sheet with room for future borrowing.
Hirequest Inc's current ratio of 2.04 indicates adequate short-term liquidity, earning a score of 62/100. The company can meet its near-term obligations, though with limited headroom.
Hirequest Inc generates a 5.7% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 23/100. This is down from 9.8% the prior year.
Hirequest Inc scores 4.41, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($152.8M) relative to total liabilities ($29.2M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Hirequest Inc passes 5 of 9 financial strength tests. 3 of 4 profitability signals pass, 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Hirequest Inc generates $3.28 in operating cash flow ($12.0M OCF vs $3.7M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Hirequest Inc earns $4.7 in operating income for every $1 of interest expense ($4.4M vs $923K). This adequate coverage means the company can meet its interest obligations, but has limited cushion if earnings fall.
This page shows Hirequest Inc (HQI) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Hirequest Inc generated $34.6M in revenue in fiscal year 2024. This represents a decrease of 8.7% from the prior year.
Hirequest Inc's EBITDA was $7.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 46.7% from the prior year.
Hirequest Inc reported $3.7M in net income in fiscal year 2024. This represents a decrease of 40.1% from the prior year.
Hirequest Inc earned $0.26 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 42.2% from the prior year.
Hirequest Inc held $2.2M in cash against $0 in long-term debt as of fiscal year 2024.
Hirequest Inc paid $0.24 per share in dividends in fiscal year 2024. This represents an increase of 0.0% from the prior year.
Hirequest Inc's operating margin was 12.6% in fiscal year 2024, reflecting core business profitability. This is down 15.5 percentage points from the prior year.
Hirequest Inc's net profit margin was 10.6% in fiscal year 2024, showing the share of revenue converted to profit. This is down 5.6 percentage points from the prior year.
Hirequest Inc's ROE was 5.7% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is down 4.1 percentage points from the prior year.
HQI Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.5M+11.2% | $7.6M+2.2% | $7.5M-7.6% | $8.1M-6.9% | $8.7M+3.1% | $8.4M-13.8% | $9.8M+5.3% | $9.3M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $5.1M-13.5% | $5.9M+11.5% | $5.3M+2.6% | $5.1M-3.2% | $5.3M-5.9% | $5.6M-15.2% | $6.6M+4.3% | $6.4M |
| Operating Income | $2.4M+134.4% | $1.0M-29.7% | $1.5M-34.6% | $2.3M-15.9% | $2.7M+28.2% | $2.1M-13.9% | $2.4M+10.1% | $2.2M |
| Interest Expense | $63K-11.3% | $71K-50.7% | $144K-9.4% | $159K-37.2% | $253K+4.1% | $243K+5.7% | $230K-23.8% | $302K |
| Income Tax | $137K+144.6% | $56K-66.9% | $169K+244.9% | $49K-91.2% | $557K+63.8% | $340K+283.8% | -$185K-135.7% | $518K |
| Net Income | $2.3M+117.4% | $1.1M-22.2% | $1.4M-38.6% | $2.2M+8.9% | $2.0M+25.9% | $1.6M+11464.3% | $14K-99.1% | $1.5M |
| EPS (Diluted) | $0.16+100.0% | $0.08-20.0% | $0.10-33.3% | $0.150.0% | $0.15+25.0% | $0.12 | $0.00-100.0% | $0.11 |
HQI Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $94.9M+0.7% | $94.3M+0.6% | $93.7M-0.3% | $94.0M-12.6% | $107.6M+1.6% | $105.9M+2.0% | $103.8M-1.3% | $105.2M |
| Current Assets | $53.9M+4.0% | $51.8M+2.3% | $50.6M+2.8% | $49.2M-14.6% | $57.6M+4.7% | $55.1M+7.0% | $51.5M-8.4% | $56.2M |
| Cash & Equivalents | $1.1M-58.8% | $2.7M+28.2% | $2.1M-5.9% | $2.2M+261.4% | $614K-60.9% | $1.6M+16.9% | $1.3M+20.9% | $1.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $46.9M+9.7% | $42.8M+1.3% | $42.2M-0.3% | $42.3M-15.1% | $49.9M+4.5% | $47.7M+7.5% | $44.4M-11.5% | $50.2M |
| Goodwill | $1.6M0.0% | $1.6M0.0% | $1.6M0.0% | $1.6M-72.2% | $5.9M0.0% | $5.9M0.0% | $5.9M0.0% | $5.9M |
| Total Liabilities | $27.1M-4.2% | $28.3M+0.4% | $28.2M-3.5% | $29.2M-30.8% | $42.2M+0.3% | $42.1M+2.4% | $41.1M-2.7% | $42.2M |
| Current Liabilities | $22.4M-3.6% | $23.3M-0.1% | $23.3M-3.4% | $24.1M-34.9% | $37.0M-0.2% | $37.1M+3.8% | $35.7M-3.7% | $37.1M |
| Long-Term Debt | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $67.8M+2.7% | $66.0M+0.7% | $65.6M+1.2% | $64.8M-0.9% | $65.4M+2.4% | $63.9M+1.8% | $62.7M-0.4% | $63.0M |
| Retained Earnings | $30.8M+5.0% | $29.4M+0.7% | $29.2M+1.8% | $28.6M-5.5% | $30.3M+4.1% | $29.1M+2.8% | $28.3M-2.8% | $29.2M |
HQI Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.0M-59.5% | $2.6M+37.9% | $1.9M-78.6% | $8.7M+4504.8% | $188K+119.4% | -$967K-110.9% | $8.8M+338.9% | $2.0M |
| Capital Expenditures | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Free Cash Flow | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Investing Cash Flow | $366K+12300.0% | -$3K-100.9% | $316K+161.6% | -$513K-321.1% | $232K+8.9% | $213K+102.9% | -$7.4M-9228.4% | $81K |
| Financing Cash Flow | -$3.0M-51.3% | -$2.0M+14.6% | -$2.3M+69.5% | -$7.5M-448.8% | -$1.4M-240.2% | $981K+181.1% | -$1.2M+60.4% | -$3.1M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | $836K |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
HQI Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Operating Margin | 28.8%+15.1pp | 13.7%-6.2pp | 19.9%-8.2pp | 28.0%-3.0pp | 31.1%+6.1pp | 25.0%-0.0pp | 25.0%+1.1pp | 23.9% |
| Net Margin | 27.1%+13.2pp | 13.9%-4.4pp | 18.2%-9.2pp | 27.5%+4.0pp | 23.5%+4.3pp | 19.2%+19.1pp | 0.1%-15.9pp | 16.0% |
| Return on Equity | 3.4%+1.8pp | 1.6%-0.5pp | 2.1%-1.3pp | 3.4%+0.3pp | 3.1%+0.6pp | 2.5%+2.5pp | 0.0%-2.3pp | 2.4% |
| Return on Assets | 2.4%+1.3pp | 1.1%-0.3pp | 1.5%-0.9pp | 2.4%+0.5pp | 1.9%+0.4pp | 1.5%+1.5pp | 0.0%-1.4pp | 1.4% |
| Current Ratio | 2.40+0.2 | 2.23+0.1 | 2.18+0.1 | 2.04+0.5 | 1.56+0.1 | 1.48+0.0 | 1.44-0.1 | 1.51 |
| Debt-to-Equity | 0.40-0.0 | 0.430.0 | 0.43-0.0 | 0.45-0.2 | 0.65-0.0 | 0.660.0 | 0.66-0.0 | 0.67 |
| FCF Margin | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
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Frequently Asked Questions
What is Hirequest Inc's annual revenue?
Hirequest Inc (HQI) reported $34.6M in total revenue for fiscal year 2024. This represents a -8.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Hirequest Inc's revenue growing?
Hirequest Inc (HQI) revenue declined by 8.7% year-over-year, from $37.9M to $34.6M in fiscal year 2024.
Is Hirequest Inc profitable?
Yes, Hirequest Inc (HQI) reported a net income of $3.7M in fiscal year 2024, with a net profit margin of 10.6%.
What is Hirequest Inc's earnings per share (EPS)?
Hirequest Inc (HQI) reported diluted earnings per share of $0.26 for fiscal year 2024. This represents a -42.2% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Hirequest Inc's EBITDA?
Hirequest Inc (HQI) had EBITDA of $7.2M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
What is Hirequest Inc's operating margin?
Hirequest Inc (HQI) had an operating margin of 12.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Hirequest Inc's net profit margin?
Hirequest Inc (HQI) had a net profit margin of 10.6% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
Does Hirequest Inc pay dividends?
Yes, Hirequest Inc (HQI) paid $0.24 per share in dividends during fiscal year 2024.
What is Hirequest Inc's return on equity (ROE)?
Hirequest Inc (HQI) has a return on equity of 5.7% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Hirequest Inc's operating cash flow?
Hirequest Inc (HQI) generated $12.0M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Hirequest Inc's total assets?
Hirequest Inc (HQI) had $94.0M in total assets as of fiscal year 2024, including both current and long-term assets.
What is Hirequest Inc's current ratio?
Hirequest Inc (HQI) had a current ratio of 2.04 as of fiscal year 2024, which is generally considered healthy.
What is Hirequest Inc's debt-to-equity ratio?
Hirequest Inc (HQI) had a debt-to-equity ratio of 0.45 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Hirequest Inc's return on assets (ROA)?
Hirequest Inc (HQI) had a return on assets of 3.9% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Hirequest Inc's Altman Z-Score?
Hirequest Inc (HQI) has an Altman Z-Score of 4.41, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Hirequest Inc's Piotroski F-Score?
Hirequest Inc (HQI) has a Piotroski F-Score of 5 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Hirequest Inc's earnings high quality?
Hirequest Inc (HQI) has an earnings quality ratio of 3.28x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Hirequest Inc cover its interest payments?
Hirequest Inc (HQI) has an interest coverage ratio of 4.7x, meaning it can adequately cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Hirequest Inc?
Hirequest Inc (HQI) scores 49 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.