HireQuest, Inc. (HQI) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 11, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the HQI SEC filings page.
HireQuest, Inc. (HQI) reported $30.2M in revenue over the twelve months to Jun 30, 2026, down 7.5% from the prior twelve months. 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).
Profitability recovered in FY2025 even as revenue fell, because overhead contracted and the balance sheet became less debt-dependent.
The latest cash conversion pattern is mixed: operating cash flow held near$12.0M while net income reached$6.3M in FY2025, so the profit rebound did not bring a matching increase in cash generation. Compared with FY2024's$3.7M net income, the higher profit absorbed more of the same cash output, making the recovery less cash-scaled than it appears.
Revenue fell to
Liabilities fell to
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 77/100, 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 9/100.
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 70/100, 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 80/100.
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 62/100. This is up from 5.7% the prior year.
HireQuest, Inc. scores 9.40, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($261.3M) 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 6 of 7 computable financial strength tests (2 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), all 2 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 $8.1M in revenue in Q2 2026. This represents an increase of 6.0% from the same quarter a year earlier. Against the prior quarter it is up 24.2%.
HireQuest, Inc.'s EBITDA was $4.1M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 131.0% from the same quarter a year earlier. Against the prior quarter it is up 82.1%.
HireQuest, Inc. reported $2.7M in net income in Q2 2026. This represents an increase of 154.0% from the same quarter a year earlier. Against the prior quarter it is up 72.6%.
HireQuest, Inc. earned $0.19 per diluted share (EPS) in Q2 2026. This represents an increase of 137.5% from the same quarter a year earlier. Against the prior quarter it is up 72.7%.
Cash & Balance Sheet
HireQuest, Inc. held $1.6M in cash as of Q2 2026; long-term debt is not reported for that period.
HireQuest, Inc. paid $0.06 per share in dividends in Q2 2026. That is unchanged from the same quarter a year earlier. It is unchanged from the prior quarter.
Not reported for Q2 2026.
Margins & Returns
HireQuest, Inc.'s operating margin was 41.3% in Q2 2026, reflecting core business profitability. This is up 27.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 18.6 percentage points.
HireQuest, Inc.'s net profit margin was 33.2% in Q2 2026, showing the share of revenue converted to profit. This is up 19.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 9.3 percentage points.
HireQuest, Inc.'s ROE was 3.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 2.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 1.6 percentage points.
Not reported for Q2 2026.
Capital Allocation
HireQuest, Inc. spent $570K on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is down 69.3%.
Not reported for Q2 2026.
Not reported for Q2 2026.
HQI Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $8.1M+6.0% | $6.5M-12.7% | $7.0M-13.0% | $8.5M-9.8% | $7.6M-12.0% | $7.5M-11.2% | $8.1M-17.2% | $9.4M+1.6% |
| SG&A Expenses | $4.0M-31.9% | $4.3M-18.8% | $4.5M-12.3% | $5.1M-5.7% | $5.9M+10.8% | $5.3M-6.5% | $5.1M-22.7% | $5.4M-15.3% |
| Operating Income | $3.3M+220.5% | $1.5M-0.5% | $1.3M-42.1% | $2.4M+190.7% | $1.0M-61.3% | $1.5M-29.4% | $2.3M-7.2% | -$2.7M-221.5% |
| EBITDA | $4.1M+131.0% | $2.3M+1.7% | $2.1M-29.2% | $3.2M+260.0% | $1.8M-47.6% | $2.2M-20.8% | $3.0M-5.6% | -$2.0M-168.5% |
| Interest Expense | $30K-57.7% | $8K-94.4% | $29K-81.8% | $63K-76.5% | $71K-71.9% | $144K-40.7% | $159K-30.9% | $268K-11.3% |
| Income Tax | $684K+1121.4% | $264K+56.2% | -$262K-634.7% | $137K+118.9% | $56K-89.9% | $169K-50.3% | $49K+126.5% | -$725K-240.0% |
| Net Income | $2.7M+154.0% | $1.6M+14.5% | $1.6M-27.8% | $2.3M+204.4% | $1.1M-48.0% | $1.4M-15.8% | $2.2M+15764.3% | -$2.2M-248.8% |
| EPS (Basic) | $0.20+150.0% | $0.11+10.0% | $0.11-31.3% | $0.17+206.3% | $0.08-46.7% | $0.10-16.7% | $0.16 | -$0.16-245.5% |
| EPS (Diluted) | $0.19+137.5% | $0.11+10.0% | $0.11-31.3% | $0.16+200.0% | $0.08-46.7% | $0.10-16.7% | $0.16 | -$0.16-245.5% |
| Diluted Shares (Avg) | 14M-1.3% | 14M-0.6% | N/A | 14M+1.0% | 14M+0.7% | 14M+0.7% | N/A | 14M+0.1% |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses.
HQI Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $93.4M-1.0% | $91.1M-2.8% | $88.2M-6.2% | $94.9M-7.5% | $94.3M-12.4% | $93.7M-11.5% | $94.0M-9.5% | $102.7M-2.4% |
| Current Assets | $55.3M+6.8% | $51.8M+2.2% | $48.3M-1.8% | $53.9M-7.2% | $51.8M-10.1% | $50.6M-8.0% | $49.2M-4.3% | $58.0M+3.4% |
| Cash & Equivalents | $1.6M-38.7% | $1.0M-51.4% | $3.9M+75.5% | $1.1M-32.0% | $2.7M+335.7% | $2.1M+33.0% | $2.2M+65.4% | $1.6M+46.0% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $48.9M+14.2% | $44.7M+5.8% | $39.3M-7.2% | $46.9M-7.0% | $42.8M-14.2% | $42.2M-11.5% | $42.3M-4.6% | $50.5M+0.6% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $1.6M0.0% | $1.6M0.0% | $1.6M0.0% | $1.6M+51.9% | $1.6M-72.2% | $1.6M-72.2% | $1.6M-72.2% | $1.1M-81.7% |
| Total Liabilities | $24.5M-13.4% | $23.8M-15.5% | $19.9M-31.8% | $27.1M-31.8% | $28.3M-33.0% | $28.2M-33.0% | $29.2M-28.9% | $39.7M-5.9% |
| Current Liabilities | $20.2M-13.0% | $19.3M-17.2% | $15.3M-36.3% | $22.4M-35.3% | $23.3M-37.2% | $23.3M-37.3% | $24.1M-32.5% | $34.6M-6.5% |
| Non-Current Liabilities | $4.3M-14.9% | $4.5M-7.5% | $4.6M-10.9% | $4.7M-7.7% | $5.0M-3.0% | $4.9M-1.6% | $5.1M-5.0% | $5.1M-1.3% |
| Total Equity | $68.9M+4.3% | $67.3M+2.7% | $68.3M+5.4% | $67.8M+7.8% | $66.0M+0.9% | $65.6M+2.6% | $64.8M+3.3% | $62.9M-0.1% |
| Retained Earnings | $31.2M+6.3% | $29.9M+2.7% | $31.2M+9.0% | $30.8M+13.1% | $29.4M-3.1% | $29.2M+0.2% | $28.6M+1.1% | $27.3M-6.5% |
Not reported in any period shown, so not listed: Inventory, Long-Term Debt.
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. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $1.6M-37.4% | $250K-86.5% | $6.6M-23.8% | $1.0M-75.1% | $2.6M+1260.1% | $1.9M+291.7% | $8.7M-2.0% | $4.2M+106.7% |
| Depreciation & Amortization | $762K+3.8% | $778K+6.0% | $787K+12.9% | $752K+7.9% | $734K+5.3% | $734K+5.2% | $697K0.0% | $697K-0.3% |
| Stock-Based Compensation | N/A | $148K-38.1% | N/A | N/A | N/A | $239K-34.0% | N/A | N/A |
| Investing Cash Flow | $407K+13666.7% | -$435K-237.7% | -$383K+25.3% | $366K+226.8% | -$3K-101.3% | $316K+48.4% | -$513K+93.1% | $112K+38.3% |
| Financing Cash Flow | -$1.4M+29.7% | -$2.7M-17.1% | -$3.4M+54.6% | -$3.0M+8.9% | -$2.0M-43.0% | -$2.3M-334.7% | -$7.5M-523.6% | -$3.3M-6.9% |
| Share Buybacks | $570K | $1.9M | N/A | N/A | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
HQI Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Margin | 41.3%+27.6pp | 22.6%+2.8pp | 18.6%-9.4pp | 28.8%+57.4pp | 13.7%-17.4pp | 19.9%-5.1pp | 28.0%+3.0pp | -28.6%-52.5pp |
| Net Margin | 33.2%+19.4pp | 23.9%+5.7pp | 22.8%-4.7pp | 27.1%+50.6pp | 13.9%-9.6pp | 18.2%-1.0pp | 27.5%+27.3pp | -23.4%-39.4pp |
| Return on Equity | 3.9%+2.3pp | 2.3%+0.2pp | 2.4%-1.1pp | 3.4%+6.9pp | 1.6%-1.5pp | 2.1%-0.5pp | 3.4%+3.4pp | -3.5%-5.9pp |
| Return on Assets | 2.9%+1.8pp | 1.7%+0.3pp | 1.8%-0.5pp | 2.4%+4.6pp | 1.1%-0.8pp | 1.5%-0.1pp | 2.4%+2.4pp | -2.1%-3.6pp |
| Current Ratio | 2.74+0.5x | 2.69+0.5x | 3.15+1.1x | 2.40+0.7x | 2.23+0.7x | 2.18+0.7x | 2.04+0.6x | 1.68+0.2x |
| Debt-to-Equity | 0.36-0.1x | 0.35-0.1x | 0.29-0.2x | 0.40-0.2x | 0.43-0.2x | 0.43-0.2x | 0.45-0.2x | 0.630.0x |
| Asset Turnover | 0.090.0x | 0.070.0x | 0.080.0x | 0.090.0x | 0.080.0x | 0.080.0x | 0.090.0x | 0.090.0x |
Not reported in any period shown, so not listed: Gross Margin, FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| HireQuest, Inc. HQI | FY2025 | $30.6M | $6.3M | 20.7% | $261.3M | 50/100 |
| Trueblue, Inc. TBI | FY2025 | $1.6B | -$48.0M | -3.0% | $279.5M | 33/100 |
| Mastech Digital, Inc. MHH | FY2025 | $191.4M | $609 | 0.0% | $85.9M | 46/100 |
| Atlantic International Corp. ATLN | FY2025 | $435.9M | -$59.4M | -13.6% | $74.8M | 31/100 |
| BGSF, Inc. BGSF | FY2025 | N/A | N/A | N/A | $52.5M | — |
| Kelly Services Inc KELYB | FY2025 | $4.3B | -$600K | 0.0% | $778.0M | 35/100 |
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 P/E ratio?
HireQuest, Inc. (HQI) trades at 32.0x earnings, its market capitalization divided by net income of $8.2M net income, trailing 12 months to June 30, 2026. The market capitalization is $261.3M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is HireQuest, Inc.'s price-to-sales ratio?
HireQuest, Inc. (HQI) trades at 8.7x sales, its market capitalization divided by revenue of $30.2M revenue, trailing 12 months to June 30, 2026. The market capitalization is $261.3M as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is HireQuest, Inc.'s Altman Z-Score?
HireQuest, Inc. (HQI) has an Altman Z-Score of 9.40, 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 6 out of 7 computable signals; 2 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.