Filing Flows › HireQuest (HQI) › Q2 2026 › vs Q2 2025
HireQuest (HQI) Q2 2026 vs Q2 2025 (year over year)
HireQuest's revenue rose $461K (+6%) from $7.6M in Q2 2025 to $8.1M in Q2 2026. The biggest changes: Royalty +$302K (+4%); Service +$159K (+45%). Operating margin 41.3% against 13.7% (+27.6 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 41.3% | 13.7% | +27.6 pts |
| Net margin | 33.2% | 13.9% | +19.4 pts |
| Free cash flow margin | 19.7% | 33.4% | -13.7 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| HireQuest Direct | $3.9M | $3.5M | $398K | +11% |
| Snelling and HireQuest | $2.4M | $2.0M | $363K | +18% |
| Northbound, MRI, and SearchPath | $1.1M | $1.5M | −$438K | -29% |
| DriverQuest and TradeCorp | $216K | $221K | −$5K | -2% |
| HireQuest Health | $42K | $58K | −$16K | -28% |
| Royalty | $7.6M | $7.3M | $302K | +4% |
| Service | $513K | $354K | $159K | +45% |
| Revenue | $8.1M | $7.6M | $461K | +6% |
| Other income, net | $33K | $73K | −$40K | -55% |
| Operating profit | $3.3M | $1.0M | $2.3M | +221% |
| Costs & expenses | $4.8M | $6.6M | −$1.8M | -28% |
| Pre-tax earnings | $3.4M | $1.1M | $2.3M | +203% |
| SG&A | $4.0M | $5.9M | −$1.9M | -32% |
| Other operating costs | $762K | $734K | $28K | +4% |
| Net earnings | $2.7M | $1.1M | $1.6M | +154% |
| Income tax | $684K | $56K | $628K | 12× |
| Depreciation & amortization | $762K | $735K | $27K | +4% |
| Share-based compensation | $212K | $240K | −$28K | -12% |
| Working capital & other | $2.1M | −$522K | $2.6M | — |
| Operating cash flow | $1.6M | $2.6M | −$957K | -37% |
| Free cash flow (OCF − capex) | $1.6M | $2.5M | −$955K | -37% |
| Capital expenditures | $7K | $9K | −$2K | -22% |
Questions
How much did HireQuest's revenue grow year over year in Q2 2026?
HireQuest's revenue rose $461K (+6%) from $7.6M in Q2 2025 to $8.1M in Q2 2026.
What drove HireQuest's revenue change in Q2 2026?
Royalty +$302K (+4%); Service +$159K (+45%).