Business
HireQuest Reports Financial Results for Fourth Quarter and Full Year 2025
HireQuest (Nasdaq: HQI), a national franchisor of on-demand staffing and executive search services, today reported financial results for the fourth quarter and full year ended December 31, 2025.
About this update from Hirequest, Inc.
GOOSE CREEK, S.C., March 30, 2026 /PRNewswire/ -- HireQuest (Nasdaq: HQI), a national franchisor of on-demand staffing and executive search services, today reported financial results for the fourth quarter and full year ended December 31, 2025. Rick Hermanns, HireQuest's President and Chief Executive Officer, commented, "We remained solidly profitable in both the fourth quarter and full year of 2025 and are now debt free despite what has been three consecutive years of challenging economic environments for the staffing industry. "During the fourth quarter, we made a strategic change to the ownership structure of MRINetwork to more effectively engage our global executive search brand, transitioning majority ownership of the executive search piece of the business to a leadership group comprised of current and former MRINetwork franchise owners," Mr. Hermanns continued. "With this change we've aligned the brand's executive search leadership with experienced franchise owner-operators who live its mission each day. HireQuest retains the contract staffing portion of MRINetwork which closely aligns with our other franchise brands. We will continue to provide shared services, scale advantages, and integrated staffing-and-recruiting solutions with the goal of enhancing value for the MRINetwork brand and its owners. "In December, we announced that our Board of Directors approved a share repurchase program authorizing the Company to repurchase up to $20 million in common stock. We believe this is currently a good and efficient use of our capital and reflects our confidence in HireQuest's long-term strategy and our commitment to returning capital to our shareholders. "Looking ahead, we're seeing a stabilizing job market in 2026 that won't be defined by a hiring boom or bust, but more by balance. Our customers are prioritizing flexibility, fit, and skilled work that simply can't be automated, and we're ideally positioned with our franchise staffing model to meet those demands," Mr. Hermanns concluded. Fourth Quarter 2025 Review Franchise royalties in the fourth quarter of 2025 were $6.6 million compared to $7.6 million in the prior-year period. Service revenue was $392,000 compared to $439,000 in the prior-year period. Total revenue in the fourth quarter of 2025 was $7.0 million compared to $8.1 millio...