HireQuest (HQI) Reports Q3 2026 Revenue Growth Amid Core Brand Momentum
HireQuest, Inc. (HQI) reported third-quarter 2026 results characterized by steady growth in its core commercial staffing brands despite the divestiture of MRINetwork assets. Total revenue reached $8.8 million, a 4% increase year-over-year, while pro forma total revenue saw an 11.1% jump when adjusting for the asset sale. The company's franchise model showed resilience, with HireQuest Direct and Snelling reporting significant system-wide sales increases. Financial performance was impacted by several non-recurring factors, including a $1.3 million non-cash write-down of notes receivable due to a repossessed franchise location and rising workers' compensation expenses. While net income decreased to $1.7 million compared to the previous year, adjusted net income stood at $0.22 per diluted share. Management remains focused on managing medical inflation impacts while maintaining its quarterly dividend.
Tickers: $HQI
Topics: adjusted ebitda divestiture impact net income revenue growth