Filing Flows › HireQuest (HQI) › Q2 2026 › vs Q1 2026
HireQuest (HQI) Q2 2026 vs Q1 2026 (quarter over quarter)
HireQuest's revenue rose $1.6M (+24%) from $6.5M in Q1 2026 to $8.1M in Q2 2026. The biggest changes: Royalty +$1.5M (+25%); Service +$51K (+11%). Operating margin 41.3% against 22.6% (+18.6 pts).
HireQuest, Q2 2026: revenue $8.1M (+6% year over year), operating margin 41.3%, net earnings $2.7M, operating cash flow $1.6M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 41.3% | 22.6% | +18.6 pts |
| Net margin | 33.2% | 23.9% | +9.3 pts |
| Free cash flow margin | 19.7% | 3.8% | +15.8 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| HireQuest Direct | $3.9M | $3.4M | $431K | +13% |
| Snelling and HireQuest | $2.4M | $2.0M | $381K | +19% |
| Northbound, MRI, and SearchPath | $1.1M | $376K | $691K | +184% |
| DriverQuest and TradeCorp | $216K | $194K | $22K | +11% |
| HireQuest Health | $42K | $42K | $0 | 0% |
| Royalty | $7.6M | $6.1M | $1.5M | +25% |
| Service | $513K | $462K | $51K | +11% |
| Revenue | $8.1M | $6.5M | $1.6M | +24% |
| Other income, net | $33K | $348K | −$315K | -91% |
| Operating profit | $3.3M | $1.5M | $1.9M | +126% |
| Costs & expenses | $4.8M | $5.0M | −$291K | -6% |
| Pre-tax earnings | $3.4M | $1.8M | $1.6M | +85% |
| SG&A | $4.0M | $4.3M | −$275K | -6% |
| Other operating costs | $762K | $778K | −$16K | -2% |
| Net earnings | $2.7M | $1.6M | $1.1M | +73% |
| Income tax | $684K | $264K | $420K | +159% |
| Depreciation & amortization | $762K | $778K | −$16K | -2% |
| Share-based compensation | $212K | $148K | $64K | +43% |
| Working capital & other | $2.1M | $2.2M | −$170K | -8% |
| Operating cash flow | $1.6M | $250K | $1.4M | +540% |
| Free cash flow (OCF − capex) | $1.6M | $250K | $1.3M | +537% |
| Capital expenditures | $7K | $0 | $7K | — |
Questions
How much did HireQuest's revenue grow quarter over quarter in Q2 2026?
HireQuest's revenue rose $1.6M (+24%) from $6.5M in Q1 2026 to $8.1M in Q2 2026.
What drove HireQuest's revenue change in Q2 2026?
Royalty +$1.5M (+25%); Service +$51K (+11%).