---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-008858"
form_type: "8-K"
ticker: "HQI"
cik: "0001140102"
company_name: "HireQuest, Inc."
filed_at: "2024-03-21T23:59:59+00:00"
generated_at: "2026-06-04T09:33:48.138481+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# HireQuest Q4 net income down 82% to $0.03 EPS; full-year EPS $0.47 vs $0.87

## Summary
- Revenue Q4 $9.8M (+21.3% YoY); franchise royalties $8.9M (+15.9%).
- Net income continuing ops Q4 $467K ($0.03 diluted) vs $2.6M ($0.19) prior year – down 82%.
- Full-year 2023 net income $6.1M ($0.47 diluted) vs $12.5M ($0.87) – down 51%.
- SG&A surged 40% in Q4 led by $1.2M workers' comp; full-year workers' comp $3.7M vs net benefit of $1.9M.
- Acquired TEC Staffing Services in Q4; MRINetwork integration near complete; quarterly dividend $0.06.

## SEC filing metadata
- accession: 0001437749-24-008858
- form_type: 8-K
- ticker: HQI
- cik: 0001140102
- company_name: HireQuest, Inc.
- filed_at: 2024-03-21T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140102/000143774924008858/0001437749-24-008858-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140102/000143774924008858/hqi20240321_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-008858
- JSON: https://secwatch.observer/filing/0001437749-24-008858.json
- Plain text: https://secwatch.observer/filing/0001437749-24-008858.txt

## Key facts
- Earnings Releases
  HireQuest, Inc. reported financial results for the year and quarter ended December 31, 2023.
  - Period: the year and quarter ended December 31, 2023
  - Result: reported results
  source text: On March 21, 2024, HireQuest, Inc. (the "Company") issued a press release (the "Press Release") reporting its financial results for the year and quarter ended December 31, 2023, a copy of which is attached hereto as Exhibit 99.1.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140102/000143774924008858/0001437749-24-008858-index.htm

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