2026-03-30 21:53:39
HireQuest, Inc. Reports Q4 and Full Year 2025 Financial Results with Decrease in Revenue
Expected Stock impact: Slightly Negative
On March 30, 2026, HireQuest, Inc. (NASDAQ: HQI) announced its financial results for the fourth quarter and full year ended December 31, 2025. The company reported total revenue of $7.0 million for Q4 2025, a decrease of 13.0% compared to $8.1 million in the same quarter of the previous year. For the full year, total revenue was $30.6 million, down 11.4% from $34.6 million in 2024. Despite the decline in revenue, HireQuest remained profitable, with a net income of $1.6 million, or $0.11 per diluted share, for Q4 2025, compared to $2.2 million, or $0.16 per diluted share, in Q4 2024. The full year net income was $6.3 million, or $0.45 per diluted share, up from $3.7 million, or $0.26 per diluted share, in 2024. The company also highlighted a strategic change in the ownership structure of MRINetwork, transitioning majority ownership to a leadership group of current and former franchise owners. This move aims to enhance the brand's executive search capabilities while retaining the contract staffing portion within HireQuest. Additionally, the Board of Directors approved a share repurchase program authorizing the company to repurchase up to $20 million in common stock, reflecting confidence in its long-term strategy. Looking ahead, HireQuest anticipates a stabilizing job market in 2026, focusing on flexibility and skilled labor that cannot be automated. The company plans to continue providing integrated staffing solutions to meet evolving customer demands.
