HireQuest, Inc.
Business
HireQuest, Inc. is a nationwide franchisor of temporary staffing and permanent recruitment offices operating under multiple brands including HireQuest Direct, Snelling, DriverQuest, HireQuest Health, Northbound Executive Search, and Management Recruiters International. The company generates revenue primarily through royalty fees from franchisee-operated offices, license fees, and interest on overdue franchisee receivables. As of December 31, 2025, HireQuest operated 413 franchisee-owned offices and one company-owned office across 43 U.S. states, the District of Columbia, and 14 countries, serving light industrial, blue-collar, construction, and professional recruitment markets.
Summary from 10-K filed 2026-03-31
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 31 | 35 | 38 | 31 | 23 | |
| Selling, general and administrative expenses | 21 | 21 | 24 | 13 | 13 | |
| Goodwill and Intangible Asset Impairment | 674,000 | 6 | 0 | — | — | |
| Depreciation and amortization | 3 | 3 | 3 | 2 | 2 | |
| Income from operations | 6 | 4 | 11 | 16 | 8 | |
| Other miscellaneous income | 223,000 | 145,000 | −2 | −2 | 5 | |
| Interest income | 511,000 | 556,000 | 263,000 | 247,000 | 413,000 | |
| Interest and other financing expense | −307,000 | −923,000 | −1 | −368,000 | −157,000 | |
| Net income before income taxes and discontinued operations | 7 | 4 | 8 | 14 | 12 | |
| Provision for income taxes | 100,000 | 221,000 | 1 | 2 | 635,000 | |
| Net income from continuing operations | 7 | 4 | 6 | — | — | |
| Loss from discontinued operations, net of tax | −279,000 | −253,000 | −300,000 | — | — | |
| Net income | 6 | 4 | 6 | 12 | 12 | |
| Continuing operations (in dollars per share) | 0.47 | 0.29 | 0.47 | 0.87 | 0.88 | |
| Discontinued operations (in dollars per share) | −0.02 | −0.02 | −0.02 | 0.04 | 0 | |
| Total (in dollars per share) | 0.45 | 0.27 | 0.45 | 0.91 | 0.88 | |
| Continuing operations (in dollars per share) | 0.47 | 0.28 | 0.47 | 0.87 | 0.87 | |
| Discontinued operations (in dollars per share) | −0.02 | −0.02 | −0.02 | 0.04 | 0 | |
| Total (in dollars per share) | 0.45 | 0.26 | 0.45 | 0.91 | 0.87 | |
| Basic (in shares) | 14 | 14 | 14 | 14 | 13 | |
| Diluted (in shares) | 14 | 14 | 14 | 14 | 14 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash | 4 | 2 | 1 | 3 | 1 | |
| Accounts receivable, net of allowance of $288 thousand and $275 thousand, respectively | 39 | 42 | 44 | 46 | 38 | |
| Notes receivable | 1 | 1 | 2 | 817,000 | 1 | |
| Prepaid expenses, deposits, and other assets | 3 | 2 | 3 | 2 | 659,000 | |
| Prepaid workers' compensation | 848,000 | 1 | 646,000 | 503,000 | 369,000 | |
| Total current assets | 48 | 49 | 51 | 52 | 42 | |
| Property and equipment, net | 4 | 4 | 4 | 4 | 4 | |
| Workers compensation claim payment deposit | 1 | 1 | 1 | 1 | 948,000 | |
| Franchise agreements, net | 17 | 20 | 21 | 23 | 19 | |
| Other intangible assets, net | 7 | 8 | 10 | 11 | 6 | |
| Goodwill | 2 | 2 | 6 | 6 | 0 | |
| Deferred tax asset | 2 | 2 | 325,000 | 0 | 0 | |
| Other assets | 279,000 | 57,000 | 102,000 | 325,000 | 334,000 | |
| Notes receivable, net of current portion and allowance of $1.2 million and $773 thousand, respectively | 6 | 7 | 8 | 3 | 3 | |
| Intangible assets held for sale | 1 | 891,000 | 891,000 | 3 | 2 | |
| Total assets | 88 | 94 | 104 | 103 | 77 | |
| Accounts payable | 192,000 | 174,000 | 137,000 | 448,000 | 1 | |
| Line of credit | 0 | 7 | 14 | 13 | 171,000 | |
| Term loans payable | 0 | 88,000 | 514,000 | 704,000 | 210,000 | |
| Other current liabilities | 2 | 2 | 2 | 3 | 3 | |
| Accrued wages, benefits and payroll taxes | 2 | 3 | 4 | 6 | 4 | |
| Due to franchisee | 7 | 8 | 10 | 10 | 7 | |
| Risk management incentive program liability | 1 | 1 | 565,000 | 877,000 | 2 | |
| Workers' compensation claims liability | 3 | 4 | 4 | 3 | 4 | |
| Total current liabilities | 15 | 24 | 36 | 37 | 21 | |
| Workers' compensation claims liability, net of current portion | 2 | 3 | 3 | 3 | 4 | |
| Franchisee deposits | 2 | 2 | 2 | 2 | 2 | |
| Total liabilities | 20 | 29 | 41 | 45 | 31 | |
| Commitments and contingencies (Note 12) | — | — | — | — | — | |
| Preferred stock - $0.001 par value, 1,000,000 shares authorized; none issued | 0 | 0 | 0 | 0 | 0 | |
| Common stock - $0.001 par value, 30,000,000 shares authorized; 14,079,692 and 14,072,804 shares issued, respectively | 14,000 | 14,000 | 14,000 | 14,000 | 14,000 | |
| Additional paid-in capital | 37 | 36 | 35 | 33 | 30 | |
| Treasury stock, at cost - 48,849 shares and 43,849 shares, respectively | −146,000 | −146,000 | −146,000 | −146,000 | −146,000 | |
| Retained earnings | 31 | 29 | 28 | 26 | 16 | |
| Total stockholders' equity | 68 | 65 | 63 | 58 | 47 | |
| Total liabilities and stockholders' equity | 88 | 94 | 104 | 103 | 77 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 3 | 3 | 3 | 2 | 2 | |
| Non-cash interest and loss on debt extinguishment | 22,000 | 18,000 | 354,000 | — | — | |
| Provision for credit losses | 596,000 | 424,000 | 540,000 | 350,000 | — | |
| Stock based compensation | 936,000 | 2 | 2 | 2 | 2 | |
| Deferred taxes | 173,000 | −2 | −349,000 | −412,000 | −2 | |
| (Loss) gain on disposition of intangible assets and property, plant, and equipment | −103,000 | 7,000 | 2 | — | — | |
| Accounts receivable | 3 | 2 | 1 | −974,000 | −3 | |
| Prepaid expenses, deposits, and other assets | −833,000 | 897,000 | −1 | −9,000 | −119,000 | |
| Prepaid workers' compensation | 246,000 | −448,000 | −143,000 | −134,000 | 1 | |
| Accounts payable | 18,000 | 28,000 | −311,000 | −2 | 349,000 | |
| Risk management incentive program liability | −15,000 | 686,000 | −312,000 | −755,000 | 773,000 | |
| Other current liabilities | 168,000 | −331,000 | −1 | 230,000 | −206,000 | |
| Accrued wages, benefits and payroll taxes | −757,000 | −2 | −1 | 1 | 844,000 | |
| Due to franchisees | −574,000 | −2 | 35,000 | 2 | 4 | |
| Workers compensation claim payment deposit | 1,000 | 342,000 | −238,000 | −284,000 | 7 | |
| Workers' compensation claims liability | −1 | −331,000 | 712,000 | −2 | −1 | |
| Net cash provided by operating activities - continuing operations | 12 | 12 | 11 | 16 | 18 | |
| Net cash used in operating activities - discontinued operations | −31,000 | −253,000 | −18,000 | 868,000 | −391,000 | |
| Net cash provided by operating activities | 12 | 12 | 11 | 17 | 17 | |
| Cash paid in business combinations and asset acquisitions | 0 | −2 | −10 | −32 | −34 | |
| Purchase of property and equipment | −56,000 | −68,000 | −98,000 | −100,000 | −1 | |
| Proceeds from the sale of branches | 0 | 717,000 | 2 | 9 | 997,000 | |
| Proceeds from payments on notes receivable | 1 | 2 | 919,000 | 799,000 | 669,000 | |
| Cash issued for notes receivable | −537,000 | −13,000 | −198,000 | −125,000 | −855,000 | |
| Purchase of deferred compensation plan investments | −248,000 | 0 | — | — | — | |
| Investment in intangible assets | 0 | −441,000 | −390,000 | −1 | −573,000 | |
| Net change in franchisee deposits | −80,000 | −79,000 | 160,000 | 267,000 | 193,000 | |
| Net cash provided by investing activities | 296,000 | 44,000 | −7 | −24 | −29 | |
| Payment on term loan payable | −88,000 | −557,000 | −3 | −571,000 | −88,000 | |
| Net payments on revolving line of credit | −7 | −7 | 2 | — | — | |
| Repurchase of common stock | −377,000 | 0 | — | — | 0 | |
| Net cash used in financing activities | −11 | −11 | −5 | 8 | −347,000 | |
| Net increase in cash | 2 | 877,000 | −2 | 2 | −12 | |
| Notes receivable issued for the sale of branches | 950,000 | 100,000 | 7 | 350,000 | 1 | |
| Amounts payable assumed related to the purchase of an acquisition | 0 | 10,000 | 0 | 2 | 0 | |
| Interest paid | 281,000 | 957,000 | 1 | 273,000 | 110,000 | |
| Income taxes paid | 795,000 | 1 | — | — | — |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is HireQuest, Inc.'s CIK number?
HireQuest, Inc.'s SEC CIK number is 0001140102 (1140102). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find HireQuest, Inc.'s SEC filings?
All of HireQuest, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did HireQuest, Inc. last report earnings?
HireQuest, Inc. (HQI) most recently filed an earnings 8-K with the SEC on May 12, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001437749-26-016423). This is HireQuest, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is HireQuest, Inc.'s most recent earnings 8-K?
HireQuest, Inc.'s latest earnings 8-K (Item 2.02) was filed May 12, 2026 under accession 0001437749-26-016423. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View HireQuest, Inc.'s latest earnings 8-K →
Look up any company's CIK number →