---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-023024"
form_type: "8-K"
ticker: "HQI"
cik: "0001140102"
company_name: "HireQuest, Inc."
filed_at: "2023-08-10T23:59:59+00:00"
generated_at: "2026-06-11T16:32:15.513435+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# HireQuest Q2 revenue +12% to $9.0M, net income -57% to $2.1M ($0.15 EPS)

## Summary
- Franchise royalties rose 20.5% to $8.7M from $7.2M; system-wide sales $157M vs $120M.
- SG&A surged 74.5% to $5.6M on MRI acquisition costs and $690K workers' comp charge.
- Adjusted EBITDA fell to $3.9M from $5.8M; net income $0.15 diluted EPS vs $0.35.
- Cash $2.1M, credit line availability $23.2M; quarterly dividend maintained at $0.06/share.

## SEC filing metadata
- accession: 0001437749-23-023024
- form_type: 8-K
- ticker: HQI
- cik: 0001140102
- company_name: HireQuest, Inc.
- filed_at: 2023-08-10T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1140102/000143774923023024/0001437749-23-023024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140102/000143774923023024/hqi20230810_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-023024
- JSON: https://secwatch.observer/filing/0001437749-23-023024.json
- Plain text: https://secwatch.observer/filing/0001437749-23-023024.txt

## Key facts
- Earnings Releases
  HireQuest, Inc. reported quarter ended June 30, 2023 results: revenue Total revenue increased 12.4% to $9.0 million, net income Net income from continuing operations decreased 57.2% to $2.1 million, EPS $0.15 per diluted share.
  - Period: quarter ended June 30, 2023
  - Revenue: Total revenue increased 12.4% to $9.0 million
  - Net income: Net income from continuing operations decreased 57.2% to $2.1 million
  - EPS: $0.15 per diluted share
  - Result: reported results
  source text: June 30, 2023. Second Quarter 2023 Summary ● Franchise royalties increased 20.5% to $8.7 million compared to $7.2 million in the prior year period. ● Total revenue increased 12.4% to $9.0 million compared to $8.0 million in the prior year period. ● Income from operations decreased 37.4% to $2.7 million compared to $4.3 million in the prior year period. ●
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140102/000143774923023024/0001437749-23-023024-index.htm

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