---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-006890"
form_type: "8-K"
ticker: "HQI"
cik: "0001140102"
company_name: "HireQuest, Inc."
filed_at: "2023-03-16T23:59:59+00:00"
generated_at: "2026-06-18T00:11:43.284546+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# HireQuest Q4 revenue up 23% to $8.0M, net income up 21%, acquires MRINetwork assets

## Summary
- Q4 franchise royalties $7.7M (+26.4% YoY); total revenue $8.0M (+23.1%).
- Q4 net income from continuing ops $2.6M ($0.19 diluted EPS) vs $2.2M ($0.16) YoY.
- Full year 2022 franchise royalties $28.9M (+35.6%); total revenue $31.0M (+37.4%).
- Acquired certain assets of MRINetwork, adding over 200 franchise offices globally.
- Paid Q1 2023 dividend $0.06/share on March 15; intends quarterly dividend subject to board.

## SEC filing metadata
- accession: 0001437749-23-006890
- form_type: 8-K
- ticker: HQI
- cik: 0001140102
- company_name: HireQuest, Inc.
- filed_at: 2023-03-16T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140102/000143774923006890/0001437749-23-006890-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140102/000143774923006890/hqi20230316_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-006890
- JSON: https://secwatch.observer/filing/0001437749-23-006890.json
- Plain text: https://secwatch.observer/filing/0001437749-23-006890.txt

## Key facts
- Earnings Releases
  HireQuest, Inc. reported fourth quarter ended December 31, 2022 results: revenue $8.0 million, net income $2.6 million, EPS $0.19 per diluted share.
  - Period: fourth quarter ended December 31, 2022
  - Revenue: $8.0 million
  - Net income: $2.6 million
  - EPS: $0.19 per diluted share
  - Result: reported results
  source text: 31, 2022. Fourth Quarter 2022 Summary ● Franchise royalties increased 26.4% to $7.7 million compared to $6.1 million in the prior year period. ● Total revenue increased 23.1% to $8.0 million compared to $6.5 million in the prior year period. ● Income from operations increased 68.4% to $2.8 million compared to $1.7 million in the prior year period. ● Net income from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140102/000143774923006890/0001437749-23-006890-index.htm
- Earnings Releases
  HireQuest, Inc. reported year ended December 31, 2022 results: revenue $31.0 million, net income $12.0 million, EPS $0.87 per diluted share.
  - Period: year ended December 31, 2022
  - Revenue: $31.0 million
  - Net income: $12.0 million
  - EPS: $0.87 per diluted share
  - Result: reported results
  source text: Full Year 2022 Summary ● Franchise royalties increased 35.6% to $28.9 million compared to $21.3 million for full year ended December 31, 2021. ● Total revenue increased 37.4% to $31.0 million compared to $22.5 million in the prior year period. ● Income from operations increased 109.6% to $16.0 million compared to $7.7 million in the prior year period. ● Net income
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140102/000143774923006890/0001437749-23-006890-index.htm

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