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Hirequest, Inc. (HQI) stock

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NASDAQ: HQI Nasdaq Human Resource & Employment Services Next results ~November 12, 2026

C+ Fundamentals grade

Hirequest, Inc. is a US-listed company in the human resource & employment services industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$13

Cash-flow model

Base case. Range ~$9.8–$17 across our lower- and higher-growth cases (-3%–7% a year).

Price vs value

Modestly overvalued

The price is inside our value range, 27% above our base value.

Price used: $16.45, November 2, 2026

Hirequest, Inc. valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

  • Insiders1 buying, 0 selling4 purchases and 0 sales by directors and officers, last 12 monthsInsider trades
  • Funds31 adding, 21 cuttingOf 4 active managers that changed their stake, 2 added; quarter to June 30, 2026Fund buyers and sellers

Value diary

Our note on each quarter Hirequest files

Where Hirequest stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $30m, down 7.5% on a year earlier, a smaller fall than the 11.8% decline a quarter earlier. That puts it 15 of 18 for growth among the human resource & employment services companies we cover. Free-cash-flow margin fell to 31.4% from 52.5% a year earlier. Operating margin widened to 28.4% from 6.4%. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 3 of our 3 financial-health checks. Our cash-flow model value is $12.64 a share, against a share price of $16.87.

Source: 10-Q filed August 11, 2026 on SEC EDGAR · Financials · Valuation

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~November 12, 2026 (estimated)

Hirequest, Inc.'s trailing-twelve-month revenue fell 7.5% year on year, with a free-cash-flow margin of 31.4%. Where it stands out: free-cash-flow margin of 31.4% ranks 1 of 21 human resource & employment services companies we cover. Where it lags: days sales outstanding of 591 days ranks 18 of 18 human resource & employment services companies we cover.

Our discounted-cash-flow model values the business at ~$13 per share in the base case (~$9.8–$17 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow fell 44.8% while net income grew 234.8%: a 280pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • High operating margin. 28.4% of revenue is left as operating profit, against a median of 0.6% for human resource & employment services companies we cover.
  • Margins widening. Operating margin is up 22.0 points on a year ago.
  • Strong cash generation. 31.4% of revenue turned into free cash flow, against a median of 1.2% for human resource & employment services companies we cover.
  • Net cash. Cash exceeds long-term debt by $0.0bn.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 44.4% over 90 days.

Things to watch

  • Results due soon. Results are expected around 5 November; the share price can move sharply on the day.
  • Priced above our value. The share price of $16.45 is 21% above our value per share of $13.
  • Revenue shrinking. Revenue fell 7.5% over the last 12 months.
  • Volatile shares. Over the past year the shares showed annualised volatility of 62% and a beta of 0.3 against the S&P 500.
  • Below peers: days sales outstanding. Days sales outstanding of 591 days ranks 18 of 18 human resource & employment services companies we cover (median 68 days).
  • Below peers: stock pay as % of revenue. Stock pay as % of revenue of 2.7% ranks 16 of 20 human resource & employment services companies we cover (median 1.3%).

Latest results: FY2026 Q2

Filed August 11, 2026
Earnings per share
$0.23 against an average estimate of $0.13: beat by 76.9%
Revenue
$8m, up 6.0% on a year earlier
Share reaction
+29.4% in the first session after the results on August 10, 2026, against -0.3% for the S&P 500
Next report
November 12, 2026; average EPS estimate $0.23

Hirequest's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day+0.9%
  • 1 week-4.2%
  • 1 month-12.5%
  • This year+58.6%
  • 1 year+96.8%
  • 5 years-4.3%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$30.2M
Operating margin
28.4%
Net margin
27.1%
EPS (TTM, diluted)
$0.59

Growth

Revenue growth
−7.5%
Change in growth rate
+4.2 pts
Share count change
−0.4%

Cash

Free cash flow (TTM)
$9.5M
FCF margin
31.4%
Stock pay % of revenue
2.7%

Earnings

Last results
August 10, 2026
Next results (est.)
November 5, 2026

News & updates

Updated October 31, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Announcement
  2. Results

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

Hirequest, Inc. valuation models and calculator

What the price is pricing in

The share price implies about 7.2% a year of cash-flow growth for five years.That is close to the 6.0% a year revenue growth Hirequest has delivered.

Read with care: free cash flow has swung sharply in the past year (often a one-off tax, legal or working-capital item), so the cash-flow base behind this reading may be unusually low or high.

  • Priced in7.2%
  • Last 12 months-7.5%
  • 3 years a year-4.6%
  • 5 years a year6.0%

Our cash-flow model with every input fixed except growth over the next five years, solved for the growth at which the model value equals the share price ($16.97, Nov 3, 2026). Cash-flow growth then fades to 2.5% a year; discount rate 8.5%. Delivered figures are revenue growth from SEC filings. This is a model exercise, not investment advice or a forecast of the share price. All companies

Fundamentalytics rating

model v1.6 · 2026-11-03
Sell12-month view
12-month price target
~$13
Price used
$16.97close November 3, 2026
Implied change
▼ 23%
Uncertainty
Medium

How we got here: a discounted-cash-flow model of Hirequest, Inc.'s free cash flow after stock-based pay with after-tax interest added back ($10.4M, FY2026 Q2 TTM), growing 3.6% and 2.7% in the next two years (forecasts, guidance and its record), then back to 2% by year five, and fading to 2.5%, discounted at 8.5%. Lower and higher growth cases span ~$9.8–~$17 ; that spread sets a 25% margin before we rate Buy or Sell.

Produced by Fundamentalytics' automated valuation model on November 3, 2026, using delayed market prices. Rating meanings, methodology and conflicts: recommendations disclosure and research disclaimer. General research, not personal advice — it does not consider your circumstances. Prices can fall as well as rise.

Our value per share comes from a discounted-cash-flow model of Hirequest, Inc.'s free cash flow after stock-based pay ( $10.4M, FY2026 Q2 TTM, with after-tax interest added back): growth for five years as below (the first two years from forecasts, guidance and the company's record), fading to 2.5%, discounted at 8.5%, then cash added and debt and other claims subtracted. These are model values under stated assumptions, not price targets or recommendations.

Valuation models

We value Hirequest, Inc. as an operating company, with every model that fits that kind of business. Cost of equity 8.4%: the 10-year Treasury yield (4.9%) plus a beta of 0.77 times a 4.5% equity risk premium.

Value per share by model
Model Value per share In the combined value?
Cash-flow model (DCF) Free cash flow to the firm (after stock pay, with after-tax interest added back), grown then faded to 2.5%, discounted at 8.5% as the firm rate, less debt and other claims. ~$13 ~$9.8–$17 Primary model, counts double
Price-to-earnings vs peers Earnings per share times peers' typical (harmonic-mean) price-to-earnings. ~$8.0 ~$11–$14 Included
Residual income Book value plus the present value of returns above the cost of equity, fading over ten years. ~$8.6 ~$6.2–$12 Included
Justified price-to-book Book value times (return on equity - growth) / (cost of equity - growth): steady-state returns. ~$9.7 ~$8.2–$12 Included
Combined value Weighted average of the models that apply: the primary model (cash-flow model (dcf)) counts double. Models more than 5x or less than 0.2x the share price, or more than 3x away from the other models' median, are left out. ~$10 ~$8.0–$13 4 models

Different models fail in different ways, so where several apply we average them rather than trust one. Peer-based models compare Hirequest, Inc. with Human Resource & Employment Services in our coverage, using third-party market data. Model values are estimates under stated assumptions, updated as new filings arrive; not price targets or investment advice. How each model works.

What moves the value

  • Revenue growth 5 points lower ▼ −25%
  • Revenue growth 5 points higher ▲ +33%
  • Free-cash-flow margin 1 point lower ▼ −3%
  • Last year's free-cash-flow margin change, if it persists ▼ −40%
  • Discount rate 1 point higher ▼ −14%
Value per share under different assumptions
Discount rate ↓ / growth → −5% growth0% growth5% growth10% growth15% growth20% growth
7% $11$15$20$27$36$47
8.5% $8$11$15$20$26$34
10% $7$9$12$16$20$27

Valuation multiples over time Market data may be delayed

At fiscal year end 20152016201720182019202020212022202320242025Now
Share price$5.18$3.88$5.30$3.59$6.37$9.30$18.58$14.80$14.54$13.65$10.37$16.45
Market value$57m$41m$54m$36m$74m$127m$253m$203m$201m$190m$145m$229m
+ Net debt (− = net cash)−$8m−$3m−$8m−$1m−$4m−$14m$0$0$0$0$0$0
Enterprise value$49m$38m$46m$34m$70m$113m$253m$203m$201m$190m$145m$229m
Multiples
Price / sales 0.6x0.4x0.6x2.9x4.7x9.2x11.2x6.6x5.3x5.5x4.7x7.6x
Price / earnings 36.6x73.4x32.2x5.0x—23.7x21.3x16.3x32.7x51.7x22.9x28.1x
Price / free cash flow 17.8x—11.7x7.7x16.6x13.4x15.8x12.1x19.1x15.9x12.1x24.2x
EV / EBITDA 17.6x29.7x12.0x4.9x21.9x22.2x27.5x11.2x14.9x26.5x15.6x19.6x

Market value uses the period's diluted share count; figures for each fiscal year use that year's results and the price at year end. "Now" uses today's price and the last twelve months.

Moat

40 /100

Weak moat

How hard Hirequest's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 11 / 20

    Cash operating profit has been a median 9.2% of total assets over 10 years.

  • Pricing power 2 / 20

    Gross margin has been a median 25.9%, moving by 22.9 percentage points (standard deviation) across 9 years.

  • Durability 8 / 20

    Operating margin has been a median 23.3%; its worst year was 0.3%.

  • Cash conversion 20 / 20

    Free cash flow was positive in 10 of 10 years, at a median 24.7% of revenue.

  • Discipline 14 / 20

    The diluted share count rose 1.2% over five years; stock-based pay has been a median 3.5% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (55 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Forecasts and guidance

Next results: November 12, 2026. Analysts expect revenue of $9m and EPS of $0.23 (range $0.23 to $0.24) for the quarter.

Analysts' consensus

Fiscal yearEPSGrowthRevenueGrowth
Current $0.78 +9% $31m +1%
Next $0.84 +9% $32m +6%

Next year's EPS estimate has moved +44.4% in 90 days, across 2 analysts.

How the EPS forecast has moved

The consensus EPS forecast for the current fiscal year is +39.6% on 90 days ago. In the last 30 days, 2 analysts raised Hirequest, Inc.'s forecast and 0 cut it.

Consensus EPS forecast Hirequest, Inc., last 90 days
$0.50 $0.60 $0.70 $0.80 $0.90 90 days ago 60 days ago 30 days ago 7 days ago Now Current fiscal year, 90 days ago: $0.56 Current fiscal year, 60 days ago: $0.78 Current fiscal year, 30 days ago: $0.78 Current fiscal year, 7 days ago: $0.78 Current fiscal year, Now: $0.78 $0.78 Next fiscal year, 90 days ago: $0.58 Next fiscal year, 60 days ago: $0.84 Next fiscal year, 30 days ago: $0.84 Next fiscal year, 7 days ago: $0.84 Next fiscal year, Now: $0.84 $0.84

Average of analysts' published estimates (third-party data).

View chart data
Period Current fiscal yearNext fiscal year
90 days ago $0.56$0.58
60 days ago $0.78$0.84
30 days ago $0.78$0.84
7 days ago $0.78$0.84
Now $0.78$0.84

Earnings against estimates

Quarter toEstimateActualSurprise
Jun 2026 $0.13 $0.23 +76.9%
Dec 2025 $0.13 $0.19 +46.2%
Sept 2025 $0.15 $0.24 +54.8%

Adjusted EPS as companies report it, against the average analyst estimate.

Management guidance

Earnings release, August 10, 2026

No numeric guidance in Hirequest, Inc.'s latest earnings release (filed August 10, 2026). Some companies give their outlook only on the earnings call.

How our valuation uses these forecasts

Our cash-flow model grows Hirequest, Inc.'s revenue by +3.6% next year and +2.7% the year after, then fades back toward its own record by year five. Next year's rate weighs analysts' consensus (+4.9%, weight 56%) and the company's own record (+2.0%, weight 44%) . How the weights are set.

Analyst recommendations

2 analysts, Oct 2026
Buy2100%
Hold00%
Sell00%

Monthly trend

  1. Oct 2026112
  2. Sep 2026112
  3. Aug 2026112

Counts of recommendations published by analysts covering Hirequest, Inc., by month. Source: Aggregated broker recommendations (third-party data). Aggregated counts only: we do not reproduce any firm's recommendation or price target, and these are not Fundamentalytics ratings.

Positioning

Short interest
4.2%
of tradable shares
Days to cover
6.88
at average volume
Short interest, 1 month
+7%
to October 15, 2026
Held by institutions
12%
of shares
Held by insiders
61.4%
of shares
Employees
88
full time

Consensus figures average analysts' published estimates (third-party data); guidance is the company's own. Neither is our forecast. Short interest is reported twice a month and lags. Market data may be delayed.

This section is general information, not investment advice or a personal recommendation, and it does not take account of your objectives or circumstances. Forecasts and guidance are estimates, not promises: companies miss their own guidance and analysts' figures are often revised. Prices can fall as well as rise, and you can lose money. See our disclaimer.

Share-price performance

Market data may be delayed

What moved the share price

Last 12 months +96.8%

$8.36 on October 31, 2025 to $16.45

ThenNowEffect
Revenue (last 12 months) $33m $30m −7.5%
Net margin 7.5% 27.1% +262.1%
P/E multiple 47.9x 28.1x −41.4%
Share count 14m 14m +0.4%

Biggest factor: net margin.

Last 3 years +7.9%

$15.25 on November 3, 2023 to $16.45

ThenNowEffect
Revenue (last 12 months) $35m $30m −13.2%
Net margin 33.4% 27.1% −18.9%
P/E multiple 18.1x 28.1x +55.2%
Share count 14m 14m −1.1%

Biggest factor: p/e multiple.

The effects multiply back to the price change exactly. Results are the last 12 months as known on each date (filings assumed public 45 days after quarter end).

Return and risk by year

Calendar year 202120222023202420252026 to date
Return
HQI+100%−20%−2%−6%−24%+59%
Industry peers (median)+48%−18%+6%−17%−35%+17%
S&P 500+29%−18%+26%+25%+18%+11%
Months that ended higher
HQI58%42%42%42%42%73%
S&P 50075%42%67%75%75%46%
Largest fall from a high during the year
HQI−21%−40%−55%−24%−50%−20%
S&P 500−5%−25%−10%−8%−19%−9%

Worst fall since November 2, 2015: 72% from June 9, 2023 to December 10, 2025. Getting back needed a 258% gain, and the shares have not yet recovered.

Price behaviour

52-week range
$7.49 – $20.04
From 52-week high
−17.9%
vs 50-day average
−4.9%
vs 200-day average
+23.6%
Volatility (1 year)
62%
Beta vs S&P 500
0.32

Volatility is the annualised standard deviation of daily returns. Beta 1.5 means the shares typically moved 1.5% for each 1% move in the S&P 500 over the past year. Prices to November 2, 2026.

Share price after results

Next day
5 up, 7 down
typical move ±8.9%
After a week
6 up, 6 down
typical move ±8.0%
After a month
7 up, 5 down
typical move ±9.7%
Results releasedNext dayS&P 500 next day5 days21 days
August 10, 2026 +29.4% −0.3% +21.6% +20.5%
May 12, 2026 +6.9% +0.4% +3.8% +22.2%
March 30, 2026 +0.4% +2.6% +3.6% +17.7%
November 6, 2025 +11.8% −1.0% +9.7% −3.8%
August 7, 2025 −1.2% +0.7% −5.6% +2.1%
May 8, 2025 −1.5% +0.6% −0.9% +1.1%
March 27, 2025 −7.3% −2.3% −10.2% −23.5%
November 7, 2024 −3.0% +1.2% −2.0% +0.4%
August 8, 2024 +17.1% +2.8% +18.7% +21.1%
May 9, 2024 −8.1% +0.7% −1.9% −2.7%
March 21, 2024 0.0% +0.1% +4.8% −1.3%
November 8, 2023 −19.8% −0.7% −13.2% 0.0%

From the close before the release date to the close 1, 5 and 21 trading days after it, so releases before the open and after the close are both captured. Past moves don't predict future ones.

Hirequest, Inc. in five measures

Fundamentals grade C+
Growth Profitability Cash Balance sheet Value

Growth, profitability, cash generation and balance sheet are percentiles against the companies we cover in the same industry, from SEC filings (100 = best). Value compares the share price with our modelled value range (50 = at our base value; higher = cheaper). A description of reported data and our model — not a quality score or advice.

Fundamentals

Revenue (TTM) Hirequest, Inc.
$25M $30M $35M $40M FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue (TTM), FY23 Q3: $36.2M Revenue (TTM), FY23 Q4: $37.9M Revenue (TTM), FY24 Q1: $36.4M Revenue (TTM), FY24 Q2: $36.1M Revenue (TTM), FY24 Q3: $36.3M Revenue (TTM), FY24 Q4: $34.6M Revenue (TTM), FY25 Q1: $33.7M Revenue (TTM), FY25 Q2: $32.6M Revenue (TTM), FY25 Q3: $31.7M Revenue (TTM), FY25 Q4: $30.6M Revenue (TTM), FY26 Q1: $29.7M Revenue (TTM), FY26 Q2: $30.2M $30.2M

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue (TTM)
FY23 Q3 $36.2M
FY23 Q4 $37.9M
FY24 Q1 $36.4M
FY24 Q2 $36.1M
FY24 Q3 $36.3M
FY24 Q4 $34.6M
FY25 Q1 $33.7M
FY25 Q2 $32.6M
FY25 Q3 $31.7M
FY25 Q4 $30.6M
FY26 Q1 $29.7M
FY26 Q2 $30.2M
Revenue growth, TTM YoY Hirequest, Inc.
-20% -10% 0% 10% 20% 30% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Revenue growth, TTM YoY, FY23 Q3: 22.0% Revenue growth, TTM YoY, FY23 Q4: 22.4% Revenue growth, TTM YoY, FY24 Q1: 7.9% Revenue growth, TTM YoY, FY24 Q2: 4.0% Revenue growth, TTM YoY, FY24 Q3: 0.3% Revenue growth, TTM YoY, FY24 Q4: -8.7% Revenue growth, TTM YoY, FY25 Q1: -7.7% Revenue growth, TTM YoY, FY25 Q2: -9.8% Revenue growth, TTM YoY, FY25 Q3: -12.6% Revenue growth, TTM YoY, FY25 Q4: -11.4% Revenue growth, TTM YoY, FY26 Q1: -11.8% Revenue growth, TTM YoY, FY26 Q2: -7.5% -7.5%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Revenue growth, TTM YoY
FY23 Q3 22.0%
FY23 Q4 22.4%
FY24 Q1 7.9%
FY24 Q2 4.0%
FY24 Q3 0.3%
FY24 Q4 -8.7%
FY25 Q1 -7.7%
FY25 Q2 -9.8%
FY25 Q3 -12.6%
FY25 Q4 -11.4%
FY26 Q1 -11.8%
FY26 Q2 -7.5%
Operating margin (TTM) Hirequest, Inc.
0% 10% 20% 30% 40% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 Operating margin (TTM), FY23 Q3: 30.4% Operating margin (TTM), FY23 Q4: 28.1% Operating margin (TTM), FY24 Q1: 25.9% Operating margin (TTM), FY24 Q2: 26.2% Operating margin (TTM), FY24 Q3: 12.5% Operating margin (TTM), FY24 Q4: 12.6% Operating margin (TTM), FY25 Q1: 11.1% Operating margin (TTM), FY25 Q2: 6.4% Operating margin (TTM), FY25 Q3: 22.8% Operating margin (TTM), FY25 Q4: 20.5% Operating margin (TTM), FY26 Q1: 21.1% Operating margin (TTM), FY26 Q2: 28.4% 28.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period Operating margin (TTM)
FY23 Q3 30.4%
FY23 Q4 28.1%
FY24 Q1 25.9%
FY24 Q2 26.2%
FY24 Q3 12.5%
FY24 Q4 12.6%
FY25 Q1 11.1%
FY25 Q2 6.4%
FY25 Q3 22.8%
FY25 Q4 20.5%
FY26 Q1 21.1%
FY26 Q2 28.4%
FCF margin (TTM) Hirequest, Inc.
20% 30% 40% 50% 60% FY23 Q3 FY24 Q2 FY25 Q1 FY26 Q2 FCF margin (TTM), FY23 Q3: 20.1% FCF margin (TTM), FY23 Q4: 27.8% FCF margin (TTM), FY24 Q1: 25.4% FCF margin (TTM), FY24 Q2: 27.9% FCF margin (TTM), FY24 Q3: 33.7% FCF margin (TTM), FY24 Q4: 34.6% FCF margin (TTM), FY25 Q1: 43.9% FCF margin (TTM), FY25 Q2: 52.5% FCF margin (TTM), FY25 Q3: 44.2% FCF margin (TTM), FY25 Q4: 39.1% FCF margin (TTM), FY26 Q1: 35.1% FCF margin (TTM), FY26 Q2: 31.4% 31.4%

Source: SEC EDGAR filings. Retrieved October 29, 2026.

View chart data
Period FCF margin (TTM)
FY23 Q3 20.1%
FY23 Q4 27.8%
FY24 Q1 25.4%
FY24 Q2 27.9%
FY24 Q3 33.7%
FY24 Q4 34.6%
FY25 Q1 43.9%
FY25 Q2 52.5%
FY25 Q3 44.2%
FY25 Q4 39.1%
FY26 Q1 35.1%
FY26 Q2 31.4%

Data: SEC EDGAR XBRL company facts (as filed in 10-K/10-Q); forms 10-K, 10-Q, 10-Q/A. Generated November 3, 2026. Definitions in our methodology.

Where the money goes

FY2025, from the 10-K

Each dollar Hirequest took in during FY2025, followed through to profit: what it cost to make, what went on running the business, and what was left after tax.

  1. Revenue $30.6M
  2. Selling, general and admin $20.7M · 67.5%
  3. Other operating costs $3.7M · 12.0%
  4. Operating income $6.3M · 20.5%
  5. Net income $6.3M · 20.7%

Shares of revenue. Source: Hirequest's 10-K for FY2025, as filed with the SEC. "Other" lines are what the reported lines leave unexplained.

Financial statements

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year 2010 Dec 2010 2011 Dec 2011 2012 Dec 2012 2013 Dec 2013 2014 Dec 2014 2015 Dec 2015 2016 Dec 2016 2017 Dec 2017 2018 Dec 2018 2019 Dec 2019 2020 Dec 2020 2021 Dec 2021 2022 Dec 2022 2023 Dec 2023 2024 Dec 2024 2025 Dec 2025 LTM Jun 2026
Income
Revenue 69 82 98 94 92 88 93 98 12 16 14 23 31 38 35 31 30
Gross profit 17 19 25 24 26 24 24 25 25 — 14 23 — — — — —
EBITDA 2 1 3 5 7 3 1 4 7 3 5 9 18 13 7 9 12
Operating income 2 1 2 4 6 3 1 4 7 3 5 8 16 11 4 6 9
Net income −2 1 2 3 9 2 1 2 7 −0 5 12 12 6 4 6 8
Diluted EPS −$0.18 $0.06 $0.12 $0.30 $0.84 $0.12 $0.06 $0.17 $0.72 −$0.03 $0.39 $0.87 $0.91 $0.45 $0.26 $0.45 $0.59
Growth (year on year)
Revenue — +18.0% +20.2% −4.8% −2.0% −3.6% +5.4% +5.2% −87.4% +28.8% −13.0% +63.1% +37.4% +22.4% −8.7% −11.4% −7.5%
EBITDA — −54.9% — +60.9% +44.9% −57.7% −54.7% — +81.4% −54.5% +60.4% +80.1% +96.5% −25.7% −46.7% +29.8% +135.0%
Operating income — −66.8% — +76.2% +48.5% −59.3% −58.2% — +87.0% −59.7% +78.9% +53.6% +109.6% −33.7% −59.0% +43.8% +309.0%
Net income — — — — +210.3% −82.9% — — — −104.1% — +121.1% +5.1% −50.8% −40.1% +72.4% +234.8%
Diluted EPS — — — — +180.0% −85.7% — — — −104.2% — +123.1% +4.6% −50.5% −42.2% +73.1% +236.2%
Margins
Gross margin 24.7% 22.8% 25.3% 25.9% 27.8% 26.7% 25.4% 25.9% — — 100.0% — — — — — —
EBITDA margin 3.1% 1.2% 2.9% 4.9% 7.2% 3.2% 1.4% 3.9% 56.8% 20.1% 37.0% 40.8% 58.4% 35.5% 20.7% 30.3% 38.7%
Operating margin 2.2% 0.6% 2.5% 4.7% 7.1% 3.0% 1.2% 3.8% 56.1% 17.5% 36.1% 34.0% 51.8% 28.1% 12.6% 20.5% 28.4%
Net margin −2.2% 1.0% 1.6% 3.1% 9.9% 1.8% 0.6% 1.7% 57.7% −1.8% 38.8% 52.6% 40.2% 16.2% 10.6% 20.7% 27.1%
Free-cash-flow margin 3.7% −1.6% −2.2% 5.5% 8.2% 3.6% −0.6% 4.7% 37.8% 28.0% 68.5% 70.9% 54.2% 27.8% 34.6% 39.1% 31.4%
Cash flow
Cash from operations 3 −1 −2 5 8 3 −0 5 5 5 11 17 17 11 12 12 9
Capital spending 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0
Free cash flow 3 −1 −2 5 8 3 −1 5 5 4 9 16 17 11 12 12 9
Stock-based pay 0 0 0 0 0 1 0 0 0 1 1 2 2 2 2 1 1
Free cash flow after stock pay 2 −1 −2 5 7 2 −1 4 5 4 8 14 14 9 10 11 9
Balance sheet
Cash 2 1 2 6 9 8 3 8 1 4 14 — — — — — —
Total debt 0 — 0 0 0 0 — — 0 0 0 3 16 14 7 0 0
Net debt (negative = net cash) −2 −1 −2 −6 −9 −8 −3 −8 −1 −4 −14 — — — — — —
Diluted shares 8m 10m 11m 10m 11m 11m 11m 10m 10m 12m 14m 14m 14m 14m 14m 14m 14m
Returned to shareholders
Dividends — — — — — — — — — 0 1 3 3 — — — —
Buybacks — — — — 0 2 2 0 0 8 0 0 — — 0 0 —
Total returned — — — — 0 2 2 0 0 8 2 3 3 — 0 0 —

Source: SEC EDGAR XBRL company facts (US and foreign periodic filings); column headings link to the filing. EBITDA is operating income plus depreciation and amortisation. Free cash flow is cash from operations minus capital spending. Growth is left blank when last year's figure was a loss or under 2% of revenue. Share counts and EPS are restated for stock splits. A dash means the company didn't report the figure.

Financial health

3 of 3 checks passed · June 30, 2026
What it owns · $93m
Short-term assets $55mLonger-term assets $38m
What it owes, and who funded it · $93m
Short-term liabilities $20mLonger-term liabilities $4mShareholders' equity $69m
  • Short-term assets cover short-term liabilities $55m of assets due within a year against $20m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $55m short-term assets against $4m of longer-dated liabilities.
  • More cash than debt Cash or debt not separately reported. Not assessable.
  • Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt Cash flow or debt not reported. Not assessable.
  • Operating profit covers interest at least five times over Operating income of $9m against $131,000 of interest.

From Hirequest, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Dividends, buybacks and capital spending

Buybacks, last 3 fiscal years
$377,000
Diluted share count
−0.4%
year over year
Sales & admin spending
59.1%
of revenue
Days sales outstanding
591 days
receivables vs revenue

Competitors: side by side with peers

Closest by revenue in human resource & employment services
Last 12 months unless stated HQI CLIK BIYA JOB STRR GLXG Median
Revenue, last 12 months $30m $17m $16m $84m $210m $4m $1.7bn
Revenue growth, last 12 months −7.5% 61.4% 28.6% −15.1% 52.1% 4.8% 5.6%
Revenue growth, 3-year average −4.6% — — −19.2% 5.2% — −0.5%
Revenue growth, latest quarter 6.0% — — −15.3% 54.6% — 5.2%
Gross margin 99.0% 16.0% 11.5% 37.4% 42.0% 36.4% 28.0%
Operating margin 28.4% 0.6% −58.1% −1.0% −3.4% −38.4% 1.0%
Operating margin, 3-year average 20.3% — — −16.1% −2.5% — 2.3%
Net margin 27.1% 10.8% −57.8% −0.1% −4.3% −36.9% 1.5%
Cash from operations / revenue 31.5% −2.1% −45.1% 1.9% −4.6% −28.2% 1.9%
Free-cash-flow margin 31.4% −4.4% −45.2% 1.7% −6.8% −28.5% 1.2%
Free-cash-flow margin, 3-year average 37.3% — — 1.0% −2.5% — 2.4%
Stock pay / revenue 2.7% 13.3% 37.0% 0.5% 1.0% 12.4% 1.3%
Change in share count −0.4% >999% 373.2% 18.9% 19.6% 55.7% −0.1%

Median of all 21 companies we cover in human resource & employment services. Shaded: best of the six on that line (lowest for stock pay and share-count growth). 3-year figures average the last three 12-month periods; 3-year growth is compound annual. Source: SEC filings.

Peer comparison

21 human resource & employment services companies
Measure Company Peer median Rank
Revenue growth Growth -7.5% 5.6% 18 of 21
Change in growth rate Growth +4.2pp +0.5pp 5 of 20
Operating margin Profitability 28.4% 0.6% 2 of 19
Net margin Profitability 27.1% 1.5% 2 of 21
Free-cash-flow margin Cash generation 31.4% 1.2% 1 of 21
Stock pay as % of revenue Cash generation 2.7% 1.3% 16 of 20
Change in share count Balance sheet -0.4% -0.1% 10 of 20
Days sales outstanding Balance sheet 591 days 68 days 18 of 18

Rank 1 = best in the group (for spending, debt and dilution, lower ranks first).

Where the revenue comes from

Fiscal year to December 31, 2025
Products and services
Line of business Revenue Share YoY
Royalty $29M 94.6% ▼ 11.3%
Hirequest Direct $14M 48.2% ▼ 7.4%
Snelling and Hire Quest $8.6M 29.6% ▼ 5.4%
Northbound MRI and Search Path $5.4M 18.5% ▼ 26.7%
Driver Quest and Trade Corp $854,000 2.9% ▲ 5.8%
Hirequest Health $215,000 0.7% ▼ 43.9%
Services $1.6M 5.4% ▼ 14.5%

From Hirequest, Inc.'s 10-K filed March 31, 2026, as tagged in the filing. View filing. Indented rows are part of the line above; their share is of that line. In the bars, the faint bar behind is the year before.

Who owns it

Funds buying and selling
Reported value
$19.8M
Institutions reporting
59
Shares held vs prior quarter
▼ 1.4%
Positions opened / closed
5 / 6

Top buyers and sellers, Q2 2026: 31 institutions bought and 21 sold ; the biggest buyer was Blackrock, Inc (+15K shares) and the biggest seller Goldman Sachs Group Inc (−39K). See which funds bought and sold →

Largest reported holders, June 30, 2026
Manager Value Shares Share of 13F value Shares QoQ
Blackrock, Inc. $3.4M 269K 17.1% ▲ 6.1%
Bandera Partners LLC $3M 237K 15.0% 0.0%
Vanguard Capital Management LLC $2.9M 234K 14.9% ▲ 1.8%
Geode Capital Management, LLC $1.8M 145K 9.2% ▲ 3.1%
Newedge Wealth, LLC $1.2M 93K 5.9% 0.0%
State Street Corp $947,853 75K 4.8% ▼ 2.2%
Summit Trail Advisors, LLC $787,156 63K 4.0% 0.0%
Northern Trust Corp $547,126 44K 2.8% ▼ 11.3%
Vanguard Fiduciary Trust Co $508,240 40K 2.6% ▲ 8.0%
Vanguard Portfolio Management LLC $479,704 38K 2.4% ▲ 20.3%
Russell Investments Group, Ltd. $458,467 37K 2.3% ▲ 4.8%
Rmr Capital Management, LLC $447,312 36K 2.3% ▲ 20.3%

From Form 13F filings with the SEC ( quarterly data sets), as reported by each manager for June 30, 2026 and filed up to 45 days later. 13F reports cover long US-listed positions of managers above $100M only, so this is not Hirequest, Inc.'s complete shareholder register. Values are as reported by the filers .

Insider trading activity

Full insider history and chart
Insider purchases History → $289,915 4 trades by 1 insider, last 12 months Insider sales History → $0 0 trades by 0 insiders
Net ▲ $289,915 net buying
Insider Date Trade Shares Price Value
Hermanns Richard President and CEO June 3, 2026 Buy 1,128 $12.19 $13,750
Hermanns Richard President and CEO December 30, 2025 Buy 9,704 $10.28 $99,757
Hermanns Richard President and CEO December 24, 2025 Buy 422 $10.12 $4,271
Hermanns Richard President and CEO December 22, 2025 Buy 18,854 $9.13 $172,137

From insiders' Form 4 filings with the SEC. Excludes awards, option exercises and shares withheld for tax. "Pre-set plan" means the filing marks the trade as made under a Rule 10b5-1 plan. See every insider trade since five years ago, on a price chart.

Earnings dates and SEC filings

Results announcements

Next expected around November 5, 2026 estimated from the company's past filing pattern, not announced

  • August 10, 2026
  • May 12, 2026
  • March 30, 2026
  • November 6, 2025
  • August 7, 2025
  • May 8, 2025

Recent SEC filings

Data status

When each part of this page on Hirequest, Inc. was last updated.

DataLast updatedSource
Share priceExchange closing prices
Financial statementsSEC 10-K and 10-Q filings
News and updatesCompany releases and SEC 8-K filings
Analyst estimatesAggregated analyst estimates
Valuation and scoresOur models, from the filed figures

How we build and check these figures: methodology and data sources.

Hirequest, Inc. in brief

What does Hirequest, Inc. do?
Hirequest, Inc. is a US-listed company in the human resource & employment services industry. Its financial year ends in December.
What is Hirequest, Inc.'s stock ticker?
Hirequest, Inc. trades under the ticker HQI on Nasdaq. This page brings together its financial statements, valuation models, ownership and recent company updates.
What is Hirequest, Inc.'s revenue, and how fast is it growing?
Over its most recent trailing twelve months, Hirequest, Inc. reported revenue of $30.2M, 7.5% lower than a year earlier, according to its SEC filings.
What is Hirequest, Inc.'s free cash flow?
Hirequest, Inc.'s free-cash-flow margin is 31.4% of revenue over the trailing twelve months, ranking 1 of the 21 human resource & employment services companies we cover.
What is Hirequest, Inc.'s fair value (intrinsic value) per share?
Our discounted-cash-flow model of Hirequest, Inc.'s free cash flow after stock-based pay gives ~$13 per share in the base case, and ~$9.8–$17 across growth scenarios. These are model values under stated assumptions — not a price target or a recommendation.
Who are Hirequest, Inc.'s largest institutional shareholders?
By value reported in 13F filings for June 30, 2026, the largest reported holders are Blackrock, Inc., Bandera Partners LLC and Vanguard Capital Management LLC. 13F reports cover long US-listed positions of managers above $100M, filed up to 45 days after quarter end.
What is Hirequest, Inc.'s market cap?
On November 2, 2026, Hirequest, Inc.'s market capitalisation was about $229M, with a price-to-earnings ratio of 28.1 and net debt of $0. Market figures come from third-party market data and may be delayed.
Who are Hirequest, Inc.'s competitors?
In our Human Resource & Employment Services peer group, the companies closest to Hirequest, Inc. are Click Holdings Ltd., Baiya International Group Inc., GEE Group Inc., Star Equity Holdings, Inc. and Galaxy Payroll Group Ltd. The side-by-side comparison below sets their revenue, margins and growth against Hirequest, Inc.'s.
Are insiders buying or selling Hirequest, Inc. stock?
Over the last 12 months, Hirequest, Inc.'s directors and officers reported 4 open-market purchases and 0 sales on Form 4. The insider trading page charts every trade.
When is Hirequest, Inc.'s next earnings date?
Around November 12, 2026, estimated from the spacing of its past results announcements (8-K filings). That is an estimate, not a confirmed date — Hirequest, Inc. announces its own schedule.