HireQuest, Inc. (HQI) Income Statement
HQI 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsHQI revenue and net income
Where HQI's revenue goes
2025Each bar shows an amount and its share of revenue. HQI kept 20.7% of revenue as net income.
HQI profit margins
HQI growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −11.4% | −0.3% | +17.3% | −10.1% |
| Gross profit | −11.4% | −0.3% | +17.3% | +2.6% |
| Operating income | +59.2% | −24.3% | +6.9% | +10.2% |
| Net income | +72.4% | −20.2% | +3.4% | +15.1% |
| EPS (diluted) | +4.4% | −13.8% | +12.2% | +8.6% |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
HQI quarterly EPS vs estimates
HireQuest beat the analyst EPS estimate in 6 of the last 8 quarters. Next report: November 5, 2026 (estimate $0.24).
HQI income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $30.6M | $34.6M | $37.9M | $31.0M | $22.5M | $13.8M | $15.9M | $12.3M | $98.1M | $93.3M |
| Cost of revenue | $3.0M | $2.8M | $2.8M | $2.0M | $170,548 | $0 | $0 | $72.5M | $72.6M | $69.6M |
| Gross profit | $30.6M | $34.6M | $37.9M | $31.0M | $22.5M | $13.8M | $15.9M | $24.9M | $25.4M | $23.4M |
| Sales, general & admin | $20.7M | $21.4M | $24.4M | $12.9M | $13.3M | $7.1M | $7.6M | $23.4M | $21.3M | $21.8M |
| Total operating expenses | $23.7M | $30.2M | $27.2M | $14.9M | $14.9M | $8.8M | $13.1M | $23.8M | $21.7M | $22.3M |
| Operating income | $7.0M | $4.4M | $10.6M | $16.0M | $7.7M | $5.0M | $2.8M | $6.9M | $3.7M | $1.1M |
| Interest income | $511,000 | $556,000 | $246,000 | $247,000 | $412,457 | $711,646 | $559,590 | — | — | — |
| Interest expense | $307,000 | $923,000 | $1.4M | $368,000 | $157,000 | $49,664 | $559,585 | $2,116 | $11,619 | $25,018 |
| Income before taxes | $6.7M | $4.1M | $7.8M | $13.9M | $12.5M | $6.1M | $3.0M | $7.1M | $3.7M | $1.1M |
| Income taxes | $100,000 | $221,000 | $1.3M | $1.9M | $635,000 | $741,038 | $3.5M | $21,029 | $2.0M | $522,751 |
| Net income | $6.3M | $3.7M | $6.1M | $12.5M | $11.8M | $5.4M | −$289,979 | $7.1M | $1.7M | $556,553 |
| EBITDA | $10.0M | $7.9M | $12.0M | $16.3M | $9.2M | $6.7M | $8.3M | $7.0M | $4.1M | $1.4M |
| EPS (diluted) | $0.71 | $0.68 | $0.78 | $1.11 | $0.82 | $0.40 | −$0.04 | $0.15 | $0.40 | $0.15 |
| Gross margin | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 202.3% | 25.9% | 25.1% |
| Operating margin | 22.7% | 12.6% | 28.1% | 51.8% | 34.0% | 36.1% | 17.5% | 56.1% | 3.8% | 1.2% |
| Net margin | 20.7% | 10.6% | 16.2% | 40.2% | 52.6% | 38.8% | −1.8% | 57.7% | 1.7% | 0.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $8.1M | $6.5M | $7.0M | $8.5M | $7.6M | $7.5M | $8.1M | $9.4M | $8.7M | $8.4M | $9.8M | $9.3M |
| Cost of revenue | $762,000 | $778,000 | $787,000 | $0 | $734,000 | $0 | $697,000 | $0 | $697,000 | $698,000 | $698,000 | $699,000 |
| Gross profit | $7.3M | $6.5M | $7.0M | $8.5M | $7.6M | $7.5M | $8.1M | $9.4M | $8.7M | $8.4M | $9.8M | $8.6M |
| Sales, general & admin | $4.0M | $4.3M | $4.5M | $5.1M | $5.9M | $5.3M | $5.1M | $5.4M | $5.3M | $5.6M | $4.0M | $6.4M |
| Total operating expenses | $4.0M | $5.0M | $5.3M | $6.1M | $6.6M | $6.0M | $5.8M | $12.1M | $6.0M | $6.3M | $7.3M | $6.4M |
| Operating income | $3.3M | $1.5M | $1.8M | $2.4M | $1.0M | $1.5M | $2.3M | −$2.7M | $2.7M | $2.1M | $2.4M | $2.2M |
| Interest income | $118,000 | $101,000 | $118,000 | $131,000 | $129,000 | $134,000 | $132,000 | $138,000 | $151,000 | $136,000 | $66,000 | $83,000 |
| Interest expense | $30,000 | $8,000 | $30,000 | $63,000 | $71,000 | $144,000 | $160,000 | $268,000 | $253,000 | $243,000 | $231,000 | $302,000 |
| Income before taxes | $3.4M | $1.8M | $1.4M | $2.5M | $1.1M | $1.6M | $2.4M | −$2.9M | $2.6M | $2.0M | $281,000 | $2.1M |
| Income taxes | $684,000 | $264,000 | −$262,000 | $137,000 | $56,000 | $169,000 | $49,000 | −$725,000 | $557,000 | $340,000 | −$185,000 | $518,000 |
| Net income | $2.7M | $1.6M | $1.6M | $2.3M | $1.1M | $1.4M | $2.2M | −$2.2M | $2.0M | $1.6M | $15,000 | $1.5M |
| EBITDA | $4.1M | $2.6M | $2.2M | $3.4M | $1.9M | $2.5M | $3.2M | −$1.9M | $3.6M | $3.0M | $1.2M | $2.9M |
| EPS (diluted) | $0.23 | $0.00 | $0.19 | $0.24 | $0.15 | $0.13 | $0.19 | $0.20 | $0.17 | $0.12 | $0.29 | $0.16 |
| Gross margin | 90.6% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 100.0% | 92.5% |
| Operating margin | 41.3% | 22.6% | 25.0% | 28.8% | 13.7% | 19.8% | 28.0% | −28.6% | 31.0% | 25.0% | 25.0% | 23.9% |
| Net margin | 33.2% | 23.9% | 22.8% | 27.1% | 13.9% | 18.2% | 27.5% | −23.4% | 23.5% | 19.2% | 0.2% | 16.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in HQI's financial statements (latest annual report filed March 31, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
HQI financial results
In fiscal year 2025 (ended December 31, 2025), HireQuest reported revenue of $30.6 million, down 11.4% from the year before. It had net income of $6.3 million (up 72.4%), a net profit margin of 20.7%. Diluted earnings per share came to $0.71. Over five years revenue grew at an average rate of 17.3% a year.
See the HQI stock overview for the latest quote and news, or the HQI chart for price history and technical indicators.
HQI income statement FAQ
What is HireQuest's annual revenue?
HireQuest reported total revenue of $30.6 million for fiscal year 2025, which ended on December 31, 2025. That was down 11.4% from $34.6 million the previous year.
Is HireQuest profitable?
Yes. HireQuest reported net income of $6.3 million in fiscal 2025, a net profit margin of 20.7%; its operating margin was 22.7%.
What is HireQuest's gross margin?
HireQuest's gross margin was 100.0% in fiscal 2025: for every $100 of revenue, HireQuest kept $100 after the direct cost of its products and services.
How fast is HireQuest growing?
Revenue grew 17.3% a year on average over the last five fiscal years, from $13.8 million to $30.6 million.
What are HireQuest's earnings per share?
HireQuest earned $0.71 per diluted share in fiscal 2025, compared with $0.68 a year earlier.
When will HireQuest report its next earnings?
HireQuest is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 after the market closes.
When does HireQuest's fiscal year end?
HireQuest's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on March 31, 2026.