HireQuest Reports Third Quarter 2026 Financial Results with Revenue Growth

HireQuest (Nasdaq: HQI) reported its third quarter 2026 financial results, showing a total revenue increase of 4.0% to $8.8 million compared to the prior year. On a pro forma basis, which accounts for the divestiture of MRINetwork assets, total revenue growth was significantly higher at 11.1%. The company noted improving demand in the commercial staffing sector and resilience within its franchise model. Despite revenue gains, net income fell to $1.7 million ($0.12 per diluted share) from $2.3 million in the prior-year period. This decline was primarily driven by a $1.3 million write-down of notes receivable due to a franchised location repossession and higher workers' compensation expenses. Adjusted EBITDA remained stable at $4.5 million, consistent with the third quarter of 2025.

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