HireQuest Reports Q2 Earnings with Revenue Growth Amid Market Recovery
On August 10, 2026, HireQuest (HQI) reported its Q2 earnings results showing a return to year-over-year revenue growth for the first time since early 2024. Total revenue reached $8.1 million, up 6%, driven by stabilizing job market conditions and recovering demand in temporary staffing services. Franchise royalties increased by 4.1% to $7.6 million, while pro forma franchise royalties rose 13.8%. Service revenue also saw a significant increase due to higher charges from franchisees. Despite overall systemwide sales declining slightly year-over-year at $117.8 million, the company noted that this was largely due to lost sales from divested assets. Pro forma systemwide sales grew by 6.9%, indicating underlying strength in its remaining operations. Operating expenses dropped significantly compared to last year, and net income rose to $2.7 million or $0.19 per diluted share. HireQuest also highlighted strong performance in the Snelling franchisee segment with a roughly 15% revenue increase due to manufacturing labor market growth.
Tickers: $HQI
Topics: ebitda franchise_performance net_income revenue_growth