Business
HireQuest Reports Financial Results for First Quarter 2026
HireQuest (Nasdaq: HQI), a national franchisor of on-demand staffing and direct-hire recruiting services, today reported financial results for the first quarter ended March 31, 2026.
About this update from Hirequest, Inc.
[{"type":"text","content":"GOOSE CREEK, S.C., May 12, 2026 /PRNewswire/ -- HireQuest (Nasdaq: HQI), a national franchisor of on-demand staffing and direct-hire recruiting services, today reported financial results for the first quarter ended March 31, 2026.","length":230,"tagName":"p"},{"type":"image","alt":"HireQuest Inc logo (Nasdaq: HQI) (PRNewsfoto/HireQuest)","displaySize":"","headline":null,"caption":"HireQuest Inc logo (Nasdaq: HQI) (PRNewsfoto/HireQuest)","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":110,"url":"https://media.zenfs.com/en/prnewswire.com/222686d898861c2dc22f22462993b8ef"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/h7GKm5zNlq8w9qsQjNgD9A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTE5NA--/https://media.zenfs.com/en/prnewswire.com/222686d898861c2dc22f22462993b8ef","width":400,"height":110},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/RaCg0ZS2SGLKwa7.k2UxqQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTE3Ng--/https://media.zenfs.com/en/prnewswire.com/222686d898861c2dc22f22462993b8ef","width":400,"height":110}},"href":"https://mma.prnewswire.com/media/2505421/HireQuest_Logov1.html","hrefExternal":true,"rel":"nofollow"},{"type":"text","content":"Rick Hermanns, HireQuest's President and Chief Executive Officer, commented, "The first quarter of 2026 was another solid period of operational execution and profitability for our business, reflecting the resiliency of our franchise staffing model in diverse markets. Our operational execution is supported by a strong balance sheet with no debt, and we remain committed to efficiently allocating capital and returning it to our shareholders. Looking ahead, we believe we're well positioned to benefit from a stabilizing job market as we continue to leverage our proven franchise model to drive consistently profitable results throughout the year."","length":666,"tagName":"p"},{"type":"text","content":"First Quarter 2026 Review","length":25,"tagName":"p"},{"type":"text","content":"Franchise royalties in the first quarter of 2026 were $6.1 million compared to $7.0 million in the prior-year period. Service revenue was $462,000 compared to $512,000 in the prior-year period. The first quarter of 2025 included approximately $500,000 in franchise royalties and $74,000 in service revenue related to MRINetwork assets which were divested on January 1, 2026.",...