Hirequest Inc Financials
Hirequest Inc (HQI) reported $30.6M in revenue for fiscal year 2025, down 11.4% from the prior fiscal year. This page shows its 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).
HireQuest’s cash-backed earnings and deleveraging balance sheet reveal a business getting sturdier despite a smaller revenue base.
Over the last two years, total liabilities fell from$41.1M to$19.9M , even as operating cash flow remained broadly steady. That mix matters because year-end liquidity rests less on a cash hoard—cash was only$3.9M —and more on lower obligations plus receivables turning into cash, which is why the current ratio looks stronger than the cash balance alone would suggest.
Operating margin rebounded from
Accounts receivable were
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Hirequest Inc's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Hirequest Inc has an operating margin of 20.5%, meaning the company retains $21 of operating profit per $100 of revenue. This strong profitability earns a score of 78/100, reflecting efficient cost management and pricing power. This is up from 12.6% the prior year.
Hirequest Inc's revenue declined 11.4% year-over-year, from $34.6M to $30.6M. This contraction results in a growth score of 11/100.
Hirequest Inc carries a low D/E ratio of 0.29, meaning only $0.29 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 69/100, indicating a strong balance sheet with room for future borrowing.
With a current ratio of 3.15, Hirequest Inc holds $3.15 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 79/100.
Not available for Hirequest Inc, and counted as zero in the overall score.
Hirequest Inc's ROE of 9.3% shows moderate profitability relative to equity, earning a score of 63/100. This is up from 5.7% the prior year.
Hirequest Inc scores 8.29, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($224.3M) relative to total liabilities ($19.9M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Hirequest Inc passes 5 of 6 computable financial strength tests (3 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 1 leverage/liquidity signals pass, neither operating efficiency signal passes.
For every $1 of reported earnings, Hirequest Inc generates $1.90 in operating cash flow ($12.0M OCF vs $6.3M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Hirequest Inc earns $20.46 in operating income for every $1 of interest expense ($6.3M vs $307K). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Hirequest Inc generated $30.6M in revenue in fiscal year 2025. This represents a decrease of 11.4% from the prior year.
Hirequest Inc's EBITDA was $9.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 29.8% from the prior year.
Hirequest Inc reported $6.3M in net income in fiscal year 2025. This represents an increase of 72.4% from the prior year.
Hirequest Inc earned $0.45 per diluted share (EPS) in fiscal year 2025. This represents an increase of 73.1% from the prior year.
Cash & Balance Sheet
Hirequest Inc held $3.9M in cash as of fiscal year 2025; long-term debt is not reported for that period.
Hirequest Inc paid $0.24 per share in dividends in fiscal year 2025. That is unchanged from the prior year.
Not reported for fiscal year 2025.
Margins & Returns
Hirequest Inc's operating margin was 20.5% in fiscal year 2025, reflecting core business profitability. This is up 7.9 percentage points from the prior year.
Hirequest Inc's net profit margin was 20.7% in fiscal year 2025, showing the share of revenue converted to profit. This is up 10.1 percentage points from the prior year.
Hirequest Inc's ROE was 9.3% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 3.6 percentage points from the prior year.
Not reported for fiscal year 2025.
Capital Allocation
Hirequest Inc spent $377K on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
HQI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.2M | $30.6M-11.4% | $34.6M-8.7% | $37.9M+22.4% | $31.0M+37.4% | $22.5M+63.1% | $13.8M-13.0% | $15.9M+28.8% | $12.3M-87.4% | $98.1M+5.2% | $93.3M+5.4% | $88.5M-3.6% | $91.8M-2.0% | $93.7M-4.8% | $98.4M+20.2% | $81.9M |
| Cost of Revenue | N/A | N/A | N/A | N/A | N/A | $171K | $0 | N/A | $72.5M-0.3% | $72.6M | N/A | N/A | N/A | N/A | N/A | N/A |
| Gross Profit | N/A | N/A | N/A | N/A | N/A | $22.4M+61.9% | $13.8M | N/A | -$60.1M-336.4% | $25.4M+7.4% | $23.7M+0.3% | $23.6M-7.5% | $25.5M+5.2% | $24.2M-2.6% | $24.9M+33.5% | $18.6M |
| SG&A Expenses | $17.8M | $20.7M-3.4% | $21.4M-12.4% | $24.4M+89.9% | $12.9M-3.4% | $13.3M+53.2% | $8.7M-31.5% | $12.7M+138.4% | $5.3M-75.1% | $21.3M-4.2% | $22.3M+7.1% | $20.8M+12.5% | $18.5M-5.3% | $19.5M-11.4% | $22.0M+24.7% | $17.7M |
| Operating Income | $8.6M | $6.3M+43.8% | $4.4M-59.0% | $10.6M-33.7% | $16.0M+109.6% | $7.7M+53.6% | $5.0M+78.9% | $2.8M-59.7% | $6.9M+87.0% | $3.7M+234.7% | $1.1M-58.2% | $2.6M-59.3% | $6.5M+48.5% | $4.4M+76.2% | $2.5M+379.4% | $517K |
| Interest Expense | $130K | $307K-66.7% | $923K-33.4% | $1.4M+276.6% | $368K+134.4% | $157K+216.1% | $50K-91.1% | $560K+2741.0% | $20K+69.5% | $12K-53.6% | $25K-69.6% | $82K-67.0% | $249K-50.6% | $504K-37.4% | $804K+6.5% | $755K |
| Income Tax | $823K | $100K-54.8% | $221K-83.6% | $1.3M-29.0% | $1.9M+198.4% | $635K-14.3% | $741K-78.7% | $3.5M+16453.3% | $21K-99.0% | $2.0M+283.6% | $523K-47.7% | $999K+127.1% | -$3.7M-2793.8% | $137K-85.7% | $958K | N/A |
| Net Income | $8.2M | $6.3M+72.4% | $3.7M-40.1% | $6.1M-50.8% | $12.5M+5.1% | $11.8M+121.1% | $5.4M+1948.2% | -$290K-104.1% | $7.1M+323.8% | $1.7M+201.7% | $557K-64.3% | $1.6M-82.9% | $9.1M+210.3% | $2.9M+88.6% | $1.6M+82.6% | $854K |
| EPS (Diluted) | — | $0.45+73.1% | $0.26-42.2% | $0.45-50.5% | $0.91+4.6% | $0.87+123.1% | $0.39+1400.0% | -$0.03-104.2% | $0.72 | $0.33+200.0% | $0.11 | $0.02-85.7% | $0.14+180.0% | $0.05+150.0% | $0.02+100.0% | $0.01 |
Not reported in any period shown, so not listed: R&D Expenses.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HQI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | $88.2M-6.2% | $94.0M-9.5% | $103.8M+0.5% | $103.3M+33.5% | $77.4M+57.6% | $49.1M+4.7% | $46.9M+92.5% | $24.4M-3.9% | $25.4M+5.9% | $24.0M-8.6% | $26.2M-7.0% | $28.2M+18.7% | $23.7M+8.2% | $22.0M+50.1% | $14.6M |
| Current Assets | $48.3M-1.8% | $49.2M-4.3% | $51.5M-0.9% | $51.9M+23.6% | $42.0M+7.8% | $39.0M+5.3% | $37.0M+66.6% | $22.2M+22.2% | $18.2M+22.7% | $14.8M-17.6% | $18.0M-15.7% | $21.4M+19.2% | $17.9M+5.4% | $17.0M+47.1% | $11.6M |
| Cash & Equivalents | $3.9M+75.5% | $2.2M+65.4% | $1.3M-56.0% | $3.0M+142.8% | $1.3M-90.8% | $13.7M+226.4% | $4.2M-47.7% | $8.0M+2.9% | $7.8M+155.3% | $3.0M-60.1% | $7.6M-11.3% | $8.6M+47.8% | $5.8M+256.4% | $1.6M+44.3% | $1.1M |
| Accounts Receivable | $39.3M-7.2% | $42.3M-4.6% | $44.4M-2.9% | $45.7M+19.6% | $38.2M+79.2% | $21.3M-24.3% | $28.2M+36.1% | $20.7M+120.6% | $9.4M-8.7% | $10.3M+15.4% | $8.9M-1.2% | $9.0M-14.6% | $10.6M-22.8% | $13.7M+65.4% | $8.3M |
| Goodwill | $1.6M0.0% | $1.6M-72.2% | $5.9M0.0% | $5.9M | $0 | N/A | N/A | N/A | $3.8M0.0% | $3.8M+51.1% | $2.5M0.0% | $2.5M-24.4% | $3.3M0.0% | $3.3M+32.3% | $2.5M |
| Total Liabilities | $19.9M-31.8% | $29.2M-28.9% | $41.1M-8.7% | $45.0M+47.1% | $30.6M+140.5% | $12.7M-18.5% | $15.6M+16.3% | $13.4M-7.6% | $14.5M+149.8% | $5.8M-13.6% | $6.7M-28.6% | $9.4M-42.2% | $16.3M-9.0% | $17.9M+39.6% | $12.9M |
| Current Liabilities | $15.3M-36.3% | $24.1M-32.5% | $35.7M-2.9% | $36.8M+71.3% | $21.5M+127.1% | $9.5M-14.1% | $11.0M-13.1% | $12.7M+161.3% | $4.9M+15.1% | $4.2M-6.4% | $4.5M-34.9% | $6.9M-43.9% | $12.3M-16.8% | $14.8M+52.6% | $9.7M |
| Long-Term Debt | N/A | N/A | N/A | N/A | $2.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Total Equity | $68.3M+5.4% | $64.8M+3.3% | $62.7M+7.7% | $58.3M+24.6% | $46.7M+28.5% | $36.4M+16.2% | $31.3M+186.4% | $10.9M+0.9% | $10.8M-40.3% | $18.1M-4.4% | $19.0M+1.0% | $18.8M+153.1% | $7.4M+85.0% | $4.0M+127.0% | $1.8M |
| Retained Earnings | $31.2M+9.0% | $28.6M+1.1% | $28.3M+10.9% | $25.5M+55.8% | $16.4M+113.3% | $7.7M+108.6% | $3.7M-7.3% | $4.0M+110.9% | -$36.6M+4.4% | -$38.3M+0.1% | -$38.3M+3.3% | -$39.6M+18.7% | -$48.7M+5.7% | -$51.7M+2.9% | -$53.2M |
Not reported in any period shown, so not listed: Inventory.
HQI Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | TTM | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.5M | $12.0M+0.1% | $12.0M+13.4% | $10.6M-37.1% | $16.9M-2.9% | $17.4M+59.8% | $10.9M+119.5% | $5.0M-2.3% | $5.1M+6.9% | $4.7M+1122.7% | -$464K-113.9% | $3.3M-57.0% | $7.8M+49.0% | $5.2M+383.9% | -$1.8M-83.2% | -$1.0M |
| Investing Cash Flow | -$45K | $296K+572.7% | $44K+100.6% | -$7.1M+69.9% | -$23.6M+19.9% | -$29.4M-81060.1% | $36K-99.6% | $9.8M+6279.3% | $154K+248.4% | -$104K+95.0% | -$2.1M-600.3% | -$297K-20.9% | -$246K-1221.4% | -$19K+95.8% | -$443K-244.5% | -$129K |
| Financing Cash Flow | -$10.5M | -$10.7M+4.8% | -$11.2M-113.7% | -$5.2M-161.8% | $8.5M+2546.4% | -$347K+75.8% | -$1.4M+87.9% | -$11.9M-181.9% | -$4.2M-4777.3% | $90K+104.4% | -$2.0M+49.2% | -$4.0M+15.3% | -$4.7M-372.6% | -$1.0M-136.0% | $2.8M+368.0% | $594K |
| Dividends Paid | N/A | N/A | N/A | N/A | $3.3M+5.4% | $3.1M+131.4% | $1.4M | $0 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | $377K | $0 | N/A | N/A | $0-100.0% | $146K-98.2% | $8.4M | $0-100.0% | $375K-75.5% | $1.5M-5.4% | $1.6M | $0 | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow.
TTM is the trailing twelve months, Q3 FY2025 through Q2 FY2026, summed from the four most recent quarterly filings. A row marked — cannot be summed at all, because a quarter in the window reports no per-share figure; a row marked N/A could be summed, but a quarter in the window does not report that metric.
HQI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 | FY18 | FY17 | FY16 | FY15 | FY14 | FY13 | FY12 | FY11 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | N/A | N/A | N/A | N/A | 99.2%-0.8pp | 100.0% | N/A | -487.6% | 25.9%+0.5pp | 25.4%-1.3pp | 26.7%-1.1pp | 27.8%+1.9pp | 25.9%+0.6pp | 25.3%+2.5pp | 22.8% |
| Operating Margin | 20.5%+7.9pp | 12.6%-15.5pp | 28.1%-23.7pp | 51.8%+17.9pp | 34.0%-2.1pp | 36.1%+18.5pp | 17.5%-38.5pp | 56.1%+52.3pp | 3.8%+2.6pp | 1.2%-1.8pp | 3.0%-4.1pp | 7.1%+2.4pp | 4.7%+2.1pp | 2.5%+1.9pp | 0.6% |
| Net Margin | 20.7%+10.1pp | 10.6%-5.6pp | 16.2%-24.1pp | 40.3%-12.3pp | 52.6%+13.8pp | 38.8%+40.6pp | -1.8%-59.6pp | 57.7%+56.0pp | 1.7%+1.1pp | 0.6%-1.2pp | 1.8%-8.2pp | 9.9%+6.8pp | 3.1%+1.6pp | 1.6%+0.5pp | 1.0% |
| Return on Equity | 9.3%+3.6pp | 5.7%-4.1pp | 9.8%-11.6pp | 21.4%-4.0pp | 25.4%+10.6pp | 14.7%+15.7pp | -0.9%-66.1pp | 65.2%+49.6pp | 15.5%+12.4pp | 3.1%-5.1pp | 8.2%-40.4pp | 48.6%+9.0pp | 39.7%+0.8pp | 38.9%-9.5pp | 48.4% |
| Return on Assets | 7.2%+3.3pp | 3.9%-2.0pp | 5.9%-6.2pp | 12.1%-3.3pp | 15.3%+4.4pp | 10.9%+11.5pp | -0.6%-29.8pp | 29.2%+22.6pp | 6.6%+4.3pp | 2.3%-3.6pp | 5.9%-26.4pp | 32.4%+20.0pp | 12.4%+5.3pp | 7.1%+1.3pp | 5.8% |
| Current Ratio | 3.15+1.1x | 2.04+0.6x | 1.440.0x | 1.41-0.5x | 1.96-2.2x | 4.12+0.8x | 3.36+1.6x | 1.75-2.0x | 3.75+0.2x | 3.52-0.5x | 3.99+0.9x | 3.08+1.6x | 1.45+0.3x | 1.150.0x | 1.19 |
| Debt-to-Equity | 0.29-0.2x | 0.45-0.2x | 0.66-0.1x | 0.77+0.7x | 0.06-0.3x | 0.35-0.1x | 0.50-0.7x | 1.23-0.1x | 1.34+1.0x | 0.320.0x | 0.36-0.1x | 0.50-1.7x | 2.20-2.3x | 4.48-2.8x | 7.29 |
Not reported in any period shown, so not listed: FCF Margin.
Reported as filed but not readable as a share of revenue in the periods where the ratio runs further from zero than a revenue base allows; no change figure is given where either compared period is one of those: Gross Margin.
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Where Hirequest Inc Ranks
Frequently Asked Questions
What is Hirequest Inc's annual revenue?
Hirequest Inc (HQI) reported $30.6M in total revenue for fiscal year 2025. This represents a -11.4% 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 11.4% year-over-year, from $34.6M to $30.6M in fiscal year 2025.
Is Hirequest Inc profitable?
Yes, Hirequest Inc (HQI) reported a net income of $6.3M in fiscal year 2025, with a net profit margin of 20.7%.
What is Hirequest Inc's EBITDA?
Hirequest Inc (HQI) had EBITDA of $9.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
What is Hirequest Inc's operating margin?
Hirequest Inc (HQI) had an operating margin of 20.5% in fiscal year 2025, 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 20.7% in fiscal year 2025, 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 2025.
What is Hirequest Inc's return on equity (ROE)?
Hirequest Inc (HQI) has a return on equity of 9.3% for fiscal year 2025, 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 2025, representing cash generated from core business activities.
What are Hirequest Inc's total assets?
Hirequest Inc (HQI) had $88.2M in total assets as of fiscal year 2025, including both current and long-term assets.
What is Hirequest Inc's current ratio?
Hirequest Inc (HQI) had a current ratio of 3.15 as of fiscal year 2025, which is generally considered healthy.
What is Hirequest Inc's debt-to-equity ratio?
Hirequest Inc (HQI) had a debt-to-equity ratio of 0.29 as of fiscal year 2025, 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 7.2% for fiscal year 2025, 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 8.29, 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 6 computable signals; 3 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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 1.90x, 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 20.46x, meaning it can comfortably 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 50 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.