---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-009616"
form_type: "8-K"
ticker: "HQI"
cik: "0001140102"
company_name: "HireQuest, Inc."
filed_at: "2025-03-27T23:59:59+00:00"
generated_at: "2026-05-24T03:40:04.580569+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HireQuest reports Q4 revenue down 17.2%; full-year net income $3.7M vs $6.1M

## Summary
- Q4 franchise royalties $7.6M, down 14.0%; total revenue $8.1M, down 17.2% YoY.
- Full-year revenue $34.6M, down 8.7%; net income $3.7M ($0.26 diluted) vs $6.1M ($0.45).
- Workers' comp expense fell to $2.0M from $3.7M; SG&A down 12.4% to $21.4M.
- Non-cash impairment charge of $6.0M in Q3 related to MRINetwork goodwill.
- Quarterly dividend maintained at $0.06/share; line of credit availability $33.4M.

## SEC filing metadata
- accession: 0001437749-25-009616
- form_type: 8-K
- ticker: HQI
- cik: 0001140102
- company_name: HireQuest, Inc.
- filed_at: 2025-03-27T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- 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/1140102/000143774925009616/0001437749-25-009616-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140102/000143774925009616/hqi20250327_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-009616
- JSON: https://secwatch.observer/filing/0001437749-25-009616.json
- Plain text: https://secwatch.observer/filing/0001437749-25-009616.txt

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