---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-016423"
form_type: "8-K"
ticker: "HQI"
cik: "0001140102"
company_name: "HireQuest, Inc."
filed_at: "2026-05-12T20:07:57+00:00"
generated_at: "2026-05-12T21:24:07.388953+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# HireQuest Q1 revenue down 12.7% to $6.5M; net income $1.6M ($0.11 EPS)

## Summary
- Total revenue $6.5M vs $7.5M prior year; decline partly due to MRINetwork divestiture on Jan 1, 2026.
- Net income $1.6M ($0.11 diluted EPS) vs $1.4M ($0.10); adjusted net income $1.8M ($0.13) flat YoY.
- System-wide sales fell 13.4% to $102.6M; prior-year included $16.0M from divested MRINetwork assets.
- SG&A down 18.8% to $4.3M; cash $1.0M; no debt; $40.3M available under line of credit.
- Quarterly dividend maintained at $0.06 per share; company intends to continue $0.06 quarterly.

## SEC filing metadata
- accession: 0001437749-26-016423
- form_type: 8-K
- ticker: HQI
- cik: 0001140102
- company_name: HireQuest, Inc.
- filed_at: 2026-05-12T20:07:57+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1140102/000143774926016423/0001437749-26-016423-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1140102/000143774926016423/hqi20260512c_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-016423
- JSON: https://secwatch.observer/filing/0001437749-26-016423.json
- Plain text: https://secwatch.observer/filing/0001437749-26-016423.txt

## Key facts
- Earnings Releases
  HireQuest, Inc. reported first quarter ended March 31, 2026 results: revenue $6.5 million, net income $1.6 million, EPS $0.11 per diluted share.
  - Period: first quarter ended March 31, 2026
  - Revenue: $6.5 million
  - Net income: $1.6 million
  - EPS: $0.11 per diluted share
  - Result: reported results
  source text: in franchise royalties and $74,000 in service revenue related to MRINetwork assets which were divested on January 1, 2026. Total revenue in the first quarter of 2026 was $6.5 million compared to $7.5 million in the prior year period, a decrease of 12.7%. SG&A expenses in the first quarter of 2026 were $4.3 million compared to $5.3 million in the first quarter
  evidence_url: https://www.sec.gov/Archives/edgar/data/1140102/000143774926016423/0001437749-26-016423-index.htm

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