Filing Flows › HireQuest (HQI) › Q4 2025
HireQuest (HQI) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 31, 2026
HireQuest (HQI) reported revenue of $7.0M for the fourth quarter 2025 (Q4 2025), -13% from a year earlier and -17% from the quarter before. Operating margin was 18.7%, net earnings $1.6M (22.8% of revenue).
HireQuest, Q4 2025: revenue $7.0M (-13% year over year), operating margin 18.7%, net earnings $1.6M, operating cash flow $6.6M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $7.0M | -17% | -13% |
| Operating profit | $1.3M | -46% | -42% |
| Net earnings | $1.6M | -30% | -28% |
| Operating cash flow | $6.6M | +538% | -24% |
| Free cash flow | $6.6M | +544% | -23% |
What changed
Revenue was $7.0M in Q4 2025, down 13% year over year and down 17% from the previous quarter. HireQuest Direct was the largest line at 42% of revenue.
Operating profit was $1.3M, a 18.7% margin (down 9.4 points year over year). Total costs fell 2% while revenue fell 13%. The fastest-growing cost line was Other operating costs (+77%). Net earnings were $1.6M, down 28% year over year. The effective tax rate was -19.5%.
Operating cash flow was $6.6M (down 24% year over year), 412% of net earnings. Non-cash charges added back $787K of depreciation and amortization and $112K of share-based compensation. Working capital and other items added $4.1M. Capital expenditures of $13K left free cash flow of $6.6M.
Questions
What was HireQuest's revenue in the fourth quarter 2025?
HireQuest (HQI) reported revenue of $7.0M for the fourth quarter 2025 (Q4 2025), -13% from a year earlier and -17% from the quarter before.
Was HireQuest profitable in the fourth quarter 2025?
Operating profit was $1.3M (18.7% of revenue) and net earnings $1.6M.
Source: HireQuest 10-K on SEC EDGAR.