---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-22-025755"
form_type: "8-K"
ticker: "HQI"
cik: "0001140102"
company_name: "HireQuest, Inc."
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T08:03:04.596385+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HireQuest Q3 net income from cont ops up 29.9% YoY to $4.1M; royalties +13.7%

## Summary
- Franchise royalties rose 13.7% YoY to $7.4M; excluding acquisitions, up 7.3%.
- Net income from continuing operations $4.1M ($0.30 diluted EPS) vs $3.2M ($0.23).
- Adjusted EBITDA $6.6M vs $5.3M in prior-year quarter.
- System-wide sales $123.2M, up from $101.9M in Q3 2021.
- Declared quarterly cash dividend of $0.06 per share, subject to board discretion.

## SEC filing metadata
- accession: 0001437749-22-025755
- form_type: 8-K
- ticker: HQI
- cik: 0001140102
- company_name: HireQuest, Inc.
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140102/000143774922025755/0001437749-22-025755-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140102/000143774922025755/hqi20221103_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-22-025755
- JSON: https://secwatch.observer/filing/0001437749-22-025755.json
- Plain text: https://secwatch.observer/filing/0001437749-22-025755.txt

## Key facts
- Earnings Releases
  HireQuest, Inc. reported the nine months ended September 30, 2022 results: revenue $26.8 million, net income $9.5 million, EPS $0.69 per diluted share.
  - Period: the nine months ended September 30, 2022
  - Revenue: $26.8 million
  - Net income: $9.5 million
  - EPS: $0.69 per diluted share
  - Result: reported results
  source text: was $1.7 million compared to $741 thousand in the prior-year period. Staffing revenue from owned locations for the 2022 year-to-date period was $3.9 million. Total revenue was $26.8 million compared to $16.0 million in the same year-ago period, an increase of 67.6%. Gross profit in the first nine months of 2022 was $24.0 million compared to $16.0 million in the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140102/000143774922025755/0001437749-22-025755-index.htm
- Earnings Releases
  HireQuest, Inc. reported the third quarter ended September 30, 2022 results: revenue $9.4 million, net income $4.1 million, EPS $0.30 per diluted share.
  - Period: the third quarter ended September 30, 2022
  - Revenue: $9.4 million
  - Net income: $4.1 million
  - EPS: $0.30 per diluted share
  - Result: reported results
  source text: was $429 thousand compared to $341 thousand in the prior-year quarter. Staffing revenue from owned locations was $1.5 million. Total revenue in the third quarter of 2022 was $9.4 million compared to $6.9 million in the year-ago quarter, an increase of 36.0%. Gross profit in the third quarter of 2022 was $8.2 million compared to $6.9 million in the year-ago
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140102/000143774922025755/0001437749-22-025755-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.