secwatch.observer — SEC 8-K summary
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Issuer:     HireQuest, Inc. (HQI)
CIK:        0001140102
Form:       8-K
Filed at:   2026-05-12T20:07:57+00:00
Accession:  0001437749-26-016423
Event type: earnings
Sentiment:  negative
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1140102/000143774926016423/0001437749-26-016423-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1140102/000143774926016423/hqi20260512c_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-016423

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