Welcome to our dedicated page for Hirequest SEC filings (Ticker: HQI), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
HireQuest, Inc. SEC filings document material-event disclosures for its staffing-franchise business, including operating results, Regulation FD releases, investor presentations, non-GAAP reconciliations, dividend announcements and common-stock repurchase disclosures. The filings also record capital-structure matters tied to dividends, share repurchases and equity-related corporate actions.
HireQuest proxy filings cover governance, board matters, executive compensation and equity-award disclosures. Its 8-K reports provide formal records of financial-result releases, material agreements, capital-allocation actions and other public-company disclosure categories relevant to the company’s franchised staffing and recruiting operations.
HireQuest, Inc. reported lower revenue but slightly higher profit for the quarter ended March 31, 2026. Total revenue was about $6.5 million, down roughly 12.7% from the prior-year quarter, mainly because MRINetwork permanent-placement assets were divested on January 1, 2026 and no longer contribute royalties or advertising fees.
Despite the revenue decline, net income rose to approximately $1.6 million from $1.4 million, helped by a $248 thousand gain on divestiture and lower operating costs, including expenses removed with the MRINetwork transaction. Diluted earnings per share were $0.11, up from $0.10.
System-wide sales were about $102.6 million, down 13.4%, largely from the MRINetwork divestiture and softer HireQuest Direct activity, partially offset by growth at Snelling and HireQuest. The company generated Adjusted EBITDA of $2.7 million, slightly below last year, and ended the quarter with $1.0 million of cash and access to about $40.3 million under its $50 million credit facility. HireQuest also repurchased 172 thousand shares for approximately $1.9 million and paid a quarterly dividend of $0.06 per share.
HireQuest, Inc. has proposed a cash acquisition of certain assets from TrueBlue’s People-Ready segment. The offer is for $105 million in cash, targeting the on-demand portion of People-Ready, which the company characterizes as an underperforming business for TrueBlue.
HireQuest’s CEO said the on-demand business would complement the HireQuest Direct division and highlighted that the proposal, based on TrueBlue’s proxy disclosures, equates to about $3.45 per TrueBlue share. Prior bids in 2025 to acquire all of TrueBlue, at $7.50 to $12.30 per share, were rejected. The current proposal is framed as a potential way for TrueBlue to divest this segment and raise cash.
HireQuest, Inc. reported first-quarter 2026 results with total revenue of $6.5 million, down 12.7% from the prior-year period, mainly reflecting the divestiture of MRINetwork assets that boosted 2025 results. Franchise royalties were $6.1 million and service revenue was $462,000.
Selling, general and administrative expenses fell to $4.3 million from $5.3 million, aided by the absence of prior-year MRINetwork-related costs, while net income increased to $1.6 million, or $0.11 per diluted share, from $1.4 million, or $0.10 per diluted share. Adjusted net income was $1.8 million and Adjusted EBITDA was $2.7 million, slightly below $2.8 million a year ago.
System-wide sales declined 13.4% to $102.6 million, again reflecting the MRINetwork divestiture. As of March 31, 2026, the company reported $1.0 million in cash, total assets of $91.1 million, total liabilities of $23.8 million, and working capital of $32.5 million, with no debt and approximately $40.3 million available under its line of credit.
HireQuest, Inc. announced that its Board of Directors has declared a quarterly cash dividend of $0.06 per share of common stock, payable on June 15, 2026 to shareholders of record as of June 1, 2026.
The company also posted a May 2026 investor presentation on its website and furnished it, along with the dividend press release, as exhibits. The presentation includes Non-GAAP financial measures with reconciliations to GAAP figures provided in accordance with Regulation G.
HireQuest, Inc. is asking stockholders to vote at a virtual annual meeting on June 18, 2026. Investors will elect six directors, ratify Forvis Mazars LLP as auditor for 2026, and approve an advisory say‑on‑pay resolution on executive compensation.
The proxy outlines board structure, committee independence, related‑party dealings with entities owned by insiders, and 2025 pay for key executives, including total compensation of $456,266 for CEO Richard F. Hermanns. It also reports that 13,940,285 common shares were outstanding as of April 28, 2026.
HireQuest, Inc. reports 2025 results as a national franchisor of light‑industrial and professional staffing offices. Revenue, primarily royalties, license fees, and interest from franchisees, was $30.6 million on system‑wide sales of $500.2 million, reflecting the scale of its franchise network.
The company completed multiple portfolio changes, including a 2024 acquisition of Ready Temporary Services for $1.4 million and a 2023 acquisition of TEC Staffing Services for about $9.8 million. On January 1, 2026, it contributed most MRINetwork non‑contract staffing assets into a new entity, receiving 40% of MRI Operations while retaining contract‑staffing assets.
HireQuest operated 413 franchisee‑owned and one company‑owned office across 43 U.S. states, the District of Columbia, and 14 countries as of December 31, 2025, and used about 75 thousand temporary employees during the year. It recorded non‑cash impairments exceeding $6 million in 2024 and about $892 thousand in 2025 on intangible assets, and discloses extensive risk factors related to economic conditions, regulation, workers’ compensation, technology, and cybersecurity.
HireQuest reported lower 2025 revenue but sharply higher profitability and a stronger balance sheet. Total revenue for 2025 was $30.6 million, down from $34.6 million, while net income rose to $6.3 million, or $0.45 per diluted share, from $3.7 million, or $0.26 per diluted share, helped by much smaller goodwill and intangible impairment charges.
Adjusted EBITDA for 2025 was $14.1 million versus $16.2 million in 2024, and system-wide sales declined to $500.2 million from $563.6 million, reflecting softer activity across the network. The company ended 2025 debt free, with cash of $3.9 million and total liabilities reduced to $19.9 million from $29.2 million.
Management highlighted a strategic change in MRINetwork’s ownership structure, a share repurchase authorization of up to $20 million of common stock, and a quarterly cash dividend of $0.06 per share, underscoring an ongoing focus on capital returns alongside a more balanced staffing market outlook for 2026.
HireQuest, Inc. approved new employment agreements for its Chief Executive Officer, Chief Financial Officer, and Chief Legal Officer effective March 2, 2026. CEO Richard Hermanns will continue in his role through August 31, 2027 with a base salary of $430,000 and multiple performance-based bonus opportunities tied to pre-tax income and Adjusted EBITDA growth.
Hermanns received 25,000 restricted shares, while CFO C. David R. Hartley and Chief Legal Officer John McAnnar each received 10,000 restricted shares, all vesting 50% on the second anniversary of the effective date and 6.25% per quarter over the following eight quarters, with various accelerated vesting protections.
The agreements outline severance, bonus proration, and accelerated equity vesting if employment ends without cause, for good reason, upon non-renewal, or following a change of control, where each executive can receive lump-sum cash severance equal to 150% of base salary plus full vesting of equity awards.
McAnnar John reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. reported that executive officer John McAnnar received a grant of 10,000 shares of common stock on March 2, 2026 as part of his employment agreement. The award is compensation, not an open-market purchase, and brings his directly held shares to 64,099.
According to the vesting terms, 5,000 of these shares vest on March 2, 2028, while 625 shares vest each fiscal quarter for eight quarters immediately following. The closing stock price on the grant date was $11.91, giving a clear sense of the grant’s market value at issuance.
JACKSON EDWARD reported acquisition or exercise transactions in this Form 4 filing.
HireQuest, Inc. director Edward Jackson received an award of 907 shares of common stock as restricted stock compensation for his Board service. The grant is in lieu of a quarterly cash retainer. According to the filing, 756 of these shares vest on June 2, 2026 and 151 shares vest on March 2, 2028.
After this grant, Jackson directly owns 2,639,184 shares of HireQuest common stock. A footnote notes that the closing price of the company’s common stock on Nasdaq on the grant date was $11.91 per share.