secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2025-03-27T23:59:59+00:00
Accession:  0001437749-25-009616
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774925009616/0001437749-25-009616-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774925009616/hqi20250327_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-009616

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