HireQuest (HQI) Financial Statements & Analysis

HireQuest (HQI) Income Statement

HireQuest reported revenue of $30.64M in fiscal 2025 (fiscal year ended Dec 31, 2025), down 11.4% from $34.60M a year earlier. Net income was $6.33M, up 72.4% year over year, a net margin of 20.7%. Gross margin was 100.0% and operating margin 22.7%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $8.10M, up 6.0% from the same quarter a year earlier.

HireQuest Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

HireQuest, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	30.64	34.60	37.88	30.95	22.53	13.81	15.88	12.33	98.07
Cost of Revenue	0.00	0.00	0.00	0.00	0.17	0.00	0.00	72.45	72.64
Gross Profit	30.64	34.60	37.88	30.95	22.59	13.81	15.88	24.94	25.43
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Selling, General & Administrative	20.68	21.41	24.45	12.87	13.33	7.10	7.59	23.43	21.35
Operating Expenses	23.68	30.23	27.24	14.91	14.88	8.83	13.09	23.76	21.73
Operating Income	6.96	4.37	10.64	16.04	7.65	4.98	2.78	6.91	3.70
Other Income/Expense
Interest Income	0.51	0.56	0.26	0.25	0.41	0.71	0.00	0.00	0.00
Interest Expense	0.31	-0.92	1.39	0.37	0.16	0.05	0.56	0.00	0.01
Other Income/Expense	-0.25	-0.22	-1.74	-2.05	4.57	1.12	0.19	0.17	-0.01
Income
Income Before Tax	6.71	4.15	7.78	13.87	12.48	6.10	2.98	7.08	3.68
Income Tax Expense	0.10	0.22	1.35	1.90	0.64	0.74	3.48	0.02	2.01
Net Income	6.33	3.67	6.14	12.46	11.85	5.36	-0.29	7.12	1.68
Net Income - Continuous Operations	6.33	3.93	6.44	11.98	11.84	5.36	-0.29	7.12	1.68
Net Income - Discontinued Operations	-0.28	-0.25	-0.30	0.48	0.01	-	-	-	-
EBITDA	10.02	13.19	11.96	16.28	14.18	6.71	8.29	7.00	4.08
EBIT	7.02	10.40	9.17	14.24	12.63	6.58	-	-	-
Depreciation & Amortization	3.01	2.79	2.79	2.04	1.55	0.13	0.40	0.09	0.39
Earnings Per Share
Basic EPS	-	-	-	1.00	1.00	-	-	-	-
Diluted EPS	-	-	-	1.00	1.00	-	-	-	-
Basic Shares Outstanding	14.01	13.84	13.73	13.65	13.49	13.54	11.59	4.85	5.04
Diluted Shares Outstanding	14.02	13.92	13.80	13.72	13.61	13.65	11.59	4.86	5.11

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About HireQuest Financial Statements

What was HireQuest's revenue in fiscal 2025?

HireQuest reported revenue of $30.64M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was down 11.4% from $34.60M a year earlier.

Is HireQuest profitable?

Yes. HireQuest earned net income of $6.33M in fiscal 2025, a net margin of 20.7%. In fiscal 2024 it earned $3.67M.

What is HireQuest's operating margin?

HireQuest's operating income was $6.96M on revenue of $30.64M in fiscal 2025, an operating margin of 22.7%, compared with 12.6% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition