---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-015493"
form_type: "8-K"
ticker: "HQI"
cik: "0001140102"
company_name: "HireQuest, Inc."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:09:46.231564+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# HireQuest Q1 revenue down 11.2% to $7.5M; EPS $0.10 vs $0.12

## Summary
- Franchise royalties fell 11.2% to $7.0M; total revenue $7.5M (-11.2% YoY).
- Net income $1.4M ($0.10 diluted) vs $1.6M ($0.12); adjusted net income $1.8M ($0.13).
- Adjusted EBITDA $2.8M vs $3.4M; system-wide sales $118.4M (-11.7%).
- CFO Steve Crane retired; David Hartley appointed as new CFO.
- Quarterly dividend maintained at $0.06 per share; line of credit availability $34.8M.

## SEC filing metadata
- accession: 0001437749-25-015493
- form_type: 8-K
- ticker: HQI
- cik: 0001140102
- company_name: HireQuest, Inc.
- filed_at: 2025-05-08T23:59:59+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/1140102/000143774925015493/0001437749-25-015493-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140102/000143774925015493/hqi20250508_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-015493
- JSON: https://secwatch.observer/filing/0001437749-25-015493.json
- Plain text: https://secwatch.observer/filing/0001437749-25-015493.txt

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