Filing Flows › HireQuest (HQI) › Q2 2026
HireQuest (HQI) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 11, 2026
HireQuest (HQI) reported revenue of $8.1M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +24% from the quarter before. Operating margin was 41.3%, net earnings $2.7M (33.2% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $8.1M | +24% | +6% |
| Operating profit | $3.3M | +126% | +221% |
| Net earnings | $2.7M | +73% | +154% |
| Operating cash flow | $1.6M | +540% | -37% |
| Free cash flow | $1.6M | +537% | -37% |
What changed
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.
Questions
What was HireQuest's revenue in the second quarter 2026?
HireQuest (HQI) reported revenue of $8.1M for the second quarter 2026 (Q2 2026), +6% from a year earlier and +24% from the quarter before.
Was HireQuest profitable in the second quarter 2026?
Operating profit was $3.3M (41.3% of revenue) and net earnings $2.7M.
Source: HireQuest 10-Q on SEC EDGAR.