Hirequest Inc Stock Price, News & Analysis

HireQuest (Nasdaq:HQI) reported third-quarter 2025 results for the period ended September 30, 2025. Q3 total revenue was $8.5M, down 9.8% year-over-year; franchise royalties were $8.1M. The company recorded Q3 net income $2.3M ($0.16 per diluted share) versus a loss of $(2.2M) a year earlier; adjusted net income was $3.4M ($0.24 per diluted share). Adjusted EBITDA for Q3 was $4.7M. System-wide sales declined 10.1% in Q3 to $133.6M and 11.9% year-to-date to $377.9M. Cash was $1.1M and working capital was $31.5M as of September 30, 2025. The company paid a $0.06 quarterly cash dividend on September 15, 2025, and expects to hold a conference call on November 6, 2025 at 4:30 p.m. ET.

HireQuest (Nasdaq:HQI) will hold a conference call to discuss third quarter 2025 results on Thursday, November 6, 2025 at 4:30 p.m. Eastern Time. Participants can join via toll-free dial-in 888-506-0062 or international dial-in 973-528-0011 using entry code 893459.

The call will be broadcast live and available for replay at https://www.webcaster5.com/Webcast/Page/2359/53081 and via the investor relations section of https://hirequest.com/. A replay will be available through Thursday, November 20, 2025 via toll-free replay 877-481-4010 or international replay 919-882-2331 using passcode 53081.

Attendees are asked to call 5–10 minutes before the start time for registration.

HireQuest (Nasdaq:HQI), a national franchisor of on-demand staffing and executive search services, has announced a quarterly dividend declaration. The company's Board of Directors has approved a dividend of $0.06 per share, which will be paid on September 15, 2025, to shareholders of record as of September 1, 2025.

HireQuest (Nasdaq:HQI), a national franchisor of staffing services, reported its Q2 2025 financial results. The company recorded total revenue of $7.6 million, down 12.0% from $8.7 million in Q2 2024. Net income decreased to $1.1 million ($0.08 per diluted share) from $2.0 million ($0.15 per diluted share) year-over-year.

System-wide sales declined 13.9% to $125.9 million. The company maintained its quarterly dividend of $0.06 per share. Despite market softness, HireQuest demonstrated resilience through its franchise model, with $3.3 million in Adjusted EBITDA and available credit line of $35.9 million for potential acquisitions.

HireQuest (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, has scheduled its second quarter 2025 financial results conference call for Thursday, August 7, 2025, at 4:30 p.m. Eastern Time.

The call will discuss financial results for Q2 ended June 30, 2025. Investors can access the call through toll-free (877-545-0320) or international (973-528-0002) numbers using entry code 335250. A live webcast and replay will be available through the company's website and at a dedicated webcast link. The replay will remain accessible through August 21, 2025.

HireQuest (HQI) has responded to TrueBlue's (TBI) rejection of its $7.50 per share acquisition offer. CEO Rick Hermanns expressed disappointment in TrueBlue's Board's refusal to engage in discussions. The offer represents a premium over TrueBlue's current share price, and HireQuest remains open to increasing it and potentially adding a cash component. HireQuest highlighted TrueBlue's declining performance, noting a drop from $2.8 billion in revenue and $134 million in EBITDA in 2016 to $1.6 billion in revenue and negative EBITDA currently. According to Staffing Industry Analysts, TrueBlue has underperformed the industry in seven out of the last eight years. HireQuest believes its franchise model and flexible operating platform would benefit TrueBlue's business, particularly its PeopleReady division, and plans to convert PeopleReady offices into entrepreneur-driven independently owned businesses.

HireQuest (NASDAQ:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, has announced a quarterly dividend of $0.06 per share. The dividend will be paid on June 16, 2025, to shareholders who are on record as of June 2, 2025.

TrueBlue (NYSE: TBI) has adopted a limited duration shareholder rights agreement in response to HireQuest's (Nasdaq: HQI) unsolicited proposal to acquire TrueBlue at $7.50 per share. The Rights Agreement, effective until May 13, 2026, implements a "poison pill" strategy that allows shareholders to purchase additional shares at a 50% discount if any entity acquires 15% (or 20% for certain Schedule 13G investors) or more of TrueBlue's common stock without Board approval.

The agreement aims to protect shareholder interests by ensuring potential acquirers pay an appropriate control premium and giving the Board sufficient time to evaluate acquisition proposals. The Board retains the right to redeem rights at $0.01 per right or exchange them for common stock. Existing shareholders above the threshold will be grandfathered, subject to certain conditions.

HireQuest (NASDAQ:HQI) has proposed to acquire TrueBlue (NYSE:TBI) for $7.50 per share in an all-stock transaction, representing a 61% premium over TrueBlue's closing price of $4.65. The proposal, which would mark HireQuest's 16th acquisition in the staffing industry, comes after nearly two years of unsuccessful attempts to engage with TrueBlue's management. HireQuest aims to integrate TrueBlue's operations into its high-margin franchising model, which has demonstrated profitability across economic cycles. The company is willing to add a cash component and potentially increase the offer price if TrueBlue agrees to negotiate. Alternatively, HireQuest has proposed purchasing just the PeopleReady subsidiary for up to $150 million in cash.