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HireQuest (HQI) earnings and revenue breakdown
Latest: Q2 2026 · 10-Q filed Aug 11, 2026 · HireQuest (HQI) Q2 2026 earnings results →
Q2 2026 Revenue up 6% year over year to $8.1M · 33¢ of every $1 of revenue kept as net profit · operating margin 41.3%
HireQuest made $8.1M in Q2 2026 (+6% Y/Y): Royalty $7.6M, Service $513K. Operating margin 41.3%, net earnings $2.7M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Aug 11, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $8.1M in Q2 2026, up 6% year over year and up 24% from the previous quarter. HireQuest Direct was the largest line at 48% of revenue. HireQuest Direct added $398K year over year (up 11%), 86% of the total change. Northbound, MRI, and SearchPath declined 29%.
Operating profit was $3.3M, a 41.3% margin (up 27.6 points year over year). Of the extra revenue versus Q2 2025, 499% reached operating profit, above the 14% margin then. Total costs fell 28% while revenue rose 6%. Net earnings were $2.7M, up 154% year over year. The effective tax rate was 20.3%.
Operating cash flow was $1.6M (down 37% year over year), 59% of net earnings. Non-cash charges added back $762K of depreciation and amortization and $212K of share-based compensation. Working capital and other items used $2.1M. Capital expenditures of $7K left free cash flow of $1.6M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q2 2026 | 10-Q | Aug 11, 2026 | $8.1M | +6% | 41.3% | $2.7M | $1.6M |
| Q1 2026 | 10-Q | May 12, 2026 | $6.5M | -13% | 22.6% | $1.6M | $250K |
| Q4 2025 | 10-K | Mar 31, 2026 | $7.0M | -13% | 18.7% | $1.6M | $6.6M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $8.5M | -10% | 28.8% | $2.3M | $1.0M |
| Q2 2025 | 10-Q | Aug 7, 2025 | $7.6M | -12% | 13.7% | $1.1M | $2.6M |
| Q1 2025 | 10-Q | May 8, 2025 | $7.5M | -11% | 19.8% | $1.4M | $1.9M |
| Q4 2024 | 10-K | Mar 27, 2025 | $8.1M | -17% | 28.0% | $2.2M | $8.7M |
Charts
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About HireQuest
HireQuest, Inc. (collectively with its subsidiaries, the “Company,” “we,” “us,” or “our”) is a Delaware corporation originally organized in Washington as Command Staffing, LLC in 2002. In 2005, Temporary Financial Services, Inc., a public company, acquired the assets of Command Staffing, LLC, and the combined entity changed its name to Command Center, Inc. On September 11, 2019, Command Center, Inc. reincorporated in Delaware and changed its name to HireQuest, Inc. following its acquisition of Hire Quest Holdings, LLC (“Hire Quest Holdings,” and together with its subsidiary, Hire Quest, LLC, “Legacy HQ”). This acquisition is sometimes referred to as the “Merger.” Hire Quest, LLC was formed as a Florida limited liability company in 2002. Hire Quest Holdings, LLC was formed as a Florida limited liability company in 2017.
In its own words, from its 10-K, filed Mar 31, 2026.
HireQuest against its Services-Help Supply Services peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +6% against the peers' median +2%. Operating margin: 41.3% against the peers' median 2.4%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| HQI HireQuest | Q2 2026 | $8.1M | +6% | 41.3% |
| MAN ManpowerGroup | Q3 2026 | $4.8B | +4% | 1.7% |
| NSP Insperity | Q3 2026 | $1.7B | +2% | -0.1% |
| RHI Robert Half | Q3 2026 | $1.4B | +0.4% | 5.5% |
| EFOR Everforth | Q3 2026 | $1.0B | +2% | 5.5% |
| KELYA Kelly Services | Q3 2026 | $927M | -0.8% | 0.1% |
| AMN AMN Healthcare Services | Q3 2026 | $717M | +13% | 7.0% |
| TBI TrueBlue | Q3 2026 | $521M | +21% | 2.3% |
| TTEC Ttec Holdings | Q2 2026 | $455M | -11% | 2.4% |
Source: HireQuest 10-Q on SEC EDGAR · CIK 1140102 · Services-Help Supply Services
13F: who owns HQI and who is buying
More on HQI
History
Every quarter: Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results · Q4 2024 results