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DLH Holdings vs HireQuest: DLHC and HQI compared
DLH Holdings is the larger company: $44.2M of revenue in its latest quarter (Q3 FY26) against $8.1M for HireQuest (Q2 2026). HireQuest is growing faster (+6% against -47% a year earlier). HireQuest is more profitable, with an operating margin of 41.3% against -8.9%.
Where the money goes: DLHC and HQI
DLH Holdings (DLHC) · Q3 FY26
DLH Holdings, Q3 FY26: revenue $44.2M (-47% year over year), operating margin -8.9%, net loss $16.8M, operating cash flow $4.2M. The chart follows the revenue to costs, profit and cash.
HireQuest (HQI) · Q2 2026
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.
| DLH Holdings (DLHC) | HireQuest (HQI) | |
|---|---|---|
| Latest quarter | Q3 FY26 | Q2 2026 |
| Revenue | $44.2M | $8.1M |
| Revenue growth, Y/Y | -47% | +6% |
| Operating margin | -8.9% | 41.3% |
| Net earnings | −$16.8M | $2.7M |
| Net margin | -38.0% | 33.2% |
| Operating cash flow | $4.2M | $1.6M |
| Free cash flow | — | $1.6M |
Where the revenue comes from
HireQuest
- Royalty: $7.6M (94%)
- Service: $513K (6%)
Questions
Which is bigger, DLH Holdings or HireQuest?
DLH Holdings is the larger company: $44.2M of revenue in its latest quarter (Q3 FY26) against $8.1M for HireQuest (Q2 2026).
Is DLH Holdings or HireQuest growing faster?
HireQuest is growing faster (+6% against -47% a year earlier).
Which is more profitable, DLH Holdings or HireQuest?
HireQuest is more profitable, with an operating margin of 41.3% against -8.9%.
More: DLH Holdings earnings · how DLH Holdings makes money · HireQuest earnings · how HireQuest makes money
From the companies' latest 10-Q, 10-K or earnings release (10-Q filed Jul 29, 2026; 10-Q filed Aug 11, 2026). Fiscal quarters can end on different dates. Not investment advice.