secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2025-08-07T23:59:59+00:00
Accession:  0001437749-25-025435
Event type: earnings
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

HireQuest Q2 revenue $7.6M, net income $1.1M; system-wide sales down 13.9%
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- Total revenue $7.6M (-12% YoY); net income $1.1M ($0.08 diluted) vs $2.0M ($0.15) a year ago.
- Adjusted net income $2.1M ($0.15 diluted); adjusted EBITDA $3.3M vs $4.0M in Q2 2024.
- System-wide sales fell 13.9% to $125.9M; CEO cites protracted staffing market softness.
- SG&A rose 10.8% to $5.9M due to $929K transaction expenses; workers' comp expense decreased.
- Cash $2.7M; $35.9M available under credit line; quarterly dividend maintained at $0.06 per share.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774925025435/0001437749-25-025435-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774925025435/hqi20250806_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-25-025435

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer