Filing Flows › HireQuest (HQI) › Q1 2026
HireQuest (HQI) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 12, 2026
HireQuest (HQI) reported revenue of $6.5M for the first quarter 2026 (Q1 2026), -13% from a year earlier and -7% from the quarter before. Operating margin was 22.6%, net earnings $1.6M (23.9% of revenue).
HireQuest, Q1 2026: revenue $6.5M (-13% year over year), operating margin 22.6%, net earnings $1.6M, operating cash flow $250K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $6.5M | -7% | -13% |
| Operating profit | $1.5M | +12% | -0.5% |
| Net earnings | $1.6M | -3% | +14% |
| Operating cash flow | $250K | -96% | -87% |
What changed
Revenue was $6.5M in Q1 2026, down 13% year over year and down 7% from the previous quarter. HireQuest Direct was the largest line at 53% of revenue. Northbound, MRI, and SearchPath lost $782K year over year (down 68%), 82% of the total change.
Operating profit was $1.5M, a 22.6% margin (up 2.8 points year over year). Total costs fell 16% while revenue fell 13%. Net earnings were $1.6M, up 14% year over year. The effective tax rate was 14.5%.
Operating cash flow was $250K (down 87% year over year), 16% of net earnings. Non-cash charges added back $778K of depreciation and amortization and $148K of share-based compensation. Working capital and other items used $2.2M.
Questions
What was HireQuest's revenue in the first quarter 2026?
HireQuest (HQI) reported revenue of $6.5M for the first quarter 2026 (Q1 2026), -13% from a year earlier and -7% from the quarter before.
Was HireQuest profitable in the first quarter 2026?
Operating profit was $1.5M (22.6% of revenue) and net earnings $1.6M.
Source: HireQuest 10-Q on SEC EDGAR.