Filing Flows › HireQuest (HQI) › How it makes money
How HireQuest (HQI) makes money
HireQuest (HQI) made $8.1M of revenue in the second quarter 2026 (Q2 2026), +6% from a year earlier. Royalty brought in $7.6M (94%); Service brought in $513K (6%). Of every dollar of revenue, 41¢ was left as operating profit, 33¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q2 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Royalty | $7.6M | 93.7% | +25% | +4% |
| ↳ HireQuest Direct | $3.9M | 47.8% | +13% | +11% |
| ↳ Snelling and HireQuest | $2.4M | 29.5% | +19% | +18% |
| ↳ Northbound, MRI, and SearchPath | $1.1M | 13.2% | +184% | -29% |
| ↳ DriverQuest and TradeCorp | $216K | 2.7% | +11% | -2% |
| ↳ HireQuest Health | $42K | 0.5% | 0% | -28% |
| Service | $513K | 6.3% | +11% | +45% |
Where each dollar of revenue goes
| Line | Q2 2026 | % of revenue |
|---|---|---|
| Revenue | $8.1M | 100.0% |
| Operating profit | $3.3M | 41.3% |
| Income tax | $684K | 8.4% |
| Net earnings | $2.7M | 33.2% |
| Operating cash flow | $1.6M | 19.8% |
| Free cash flow | $1.6M | 19.7% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q2 2026 | $8.1M | +6% |
| Q1 2026 | $6.5M | -13% |
| Q4 2025 | $7.0M | -13% |
| Q3 2025 | $8.5M | -10% |
| Q2 2025 | $7.6M | -12% |
| Q1 2025 | $7.5M | -11% |
| Q4 2024 | $8.1M | -17% |
From HireQuest's 10-Q filed Aug 11, 2026 (on EDGAR).
Questions
How does HireQuest make money?
HireQuest (HQI) made $8.1M of revenue in the second quarter 2026 (Q2 2026), +6% from a year earlier. Royalty brought in $7.6M (94%); Service brought in $513K (6%). Of every dollar of revenue, 41¢ was left as operating profit, 33¢ was left as net earnings.
What is HireQuest's biggest business?
Royalty: $7.6M in the second quarter 2026, 94% of revenue, +4% from a year earlier.
What is HireQuest's profit margin?
Net earnings were $2.7M, 33.2% of revenue, in the second quarter 2026; the operating margin was 41.3%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.