Filing Flows › HireQuest (HQI) › Q1 2026 › vs Q1 2025
HireQuest (HQI) Q1 2026 vs Q1 2025 (year over year)
HireQuest's revenue fell $949K (-13%) from $7.5M in Q1 2025 to $6.5M in Q1 2026. The biggest changes: Royalty −$899K (-13%); Service −$50K (-10%). Operating margin 22.6% against 19.8% (+2.8 pts).
HireQuest, Q1 2026: revenue $6.5M (-13% year over year), operating margin 22.6%, net earnings $1.6M, operating cash flow $250K. The chart draws each line against Q1 2025, the increases inside each band.
Margins
| Q1 2026 | Q1 2025 | Change | |
|---|---|---|---|
| Operating margin | 22.6% | 19.8% | +2.8 pts |
| Net margin | 23.9% | 18.2% | +5.7 pts |
Every line
| Line | Q1 2026 | Q1 2025 | Change | % |
|---|---|---|---|---|
| HireQuest Direct | $3.4M | $3.6M | −$149K | -4% |
| Snelling and HireQuest | $2.0M | $2.0M | $58K | +3% |
| Northbound, MRI, and SearchPath | $376K | $1.2M | −$782K | -68% |
| DriverQuest and TradeCorp | $194K | $195K | −$1K | -0.5% |
| HireQuest Health | $42K | $67K | −$25K | -37% |
| Royalty | $6.1M | $7.0M | −$899K | -13% |
| Service | $462K | $512K | −$50K | -10% |
| Revenue | $6.5M | $7.5M | −$949K | -13% |
| Other income, net | $348K | $49K | $299K | +610% |
| Operating profit | $1.5M | $1.5M | −$7K | -0.5% |
| Costs & expenses | $5.0M | $6.0M | −$942K | -16% |
| Pre-tax earnings | $1.8M | $1.5M | $292K | +19% |
| SG&A | $4.3M | $5.3M | −$986K | -19% |
| Other operating costs | $778K | $734K | $44K | +6% |
| Net earnings | $1.6M | $1.4M | $197K | +14% |
| Income tax | $264K | $169K | $95K | +56% |
| Operating cash sources | $2.5M | $2.3M | $150K | +6% |
| Depreciation & amortization | $778K | $734K | $44K | +6% |
| Share-based compensation | $148K | $239K | −$91K | -38% |
| Working capital & other | $2.2M | $482K | $1.8M | +364% |
| Operating cash flow | $250K | $1.9M | −$1.6M | -87% |
Questions
How much did HireQuest's revenue grow year over year in Q1 2026?
HireQuest's revenue fell $949K (-13%) from $7.5M in Q1 2025 to $6.5M in Q1 2026.
What drove HireQuest's revenue change in Q1 2026?
Royalty −$899K (-13%); Service −$50K (-10%).