HireQuest, Inc. HQI
HireQuest, Inc. (collectively with its subsidiaries, the "Company," "we," "us," or "our") is a Delaware corporation originally organized in Washington as Command Staffing, LLC in 2002. In 2005, Temporary Financial Services, Inc., a public company, acquired the assets of Command Staffing, LLC, and the combined entity changed its name to Command Center, Inc. On September 11, 2019, Command Center, Inc. reincorporated in Delaware and changed its name to HireQuest, Inc. following its acquisition of Hire Quest Holdings, LLC ("Hire Quest Holdings," and together with its subsidiary, Hire Quest, LLC, "Legacy HQ"). This acquisition is sometimes referred to as the "Merger." Hire Quest, LLC was formed as a Florida limited liability company in 2002. Hire Quest Holdings, LLC was formed as a Florida limited liability company in 2017. Since the Merger, we have made a number of acquisitions which are discussed in more detail below.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $29.0M | $32.7M | $35.8M | $28.9M | $21.3M | $12.8M | $14.7M | $11.3M | $98.1M | $93.3M |
| Cost of revenue | — | — | — | — | $170.5K | $0 | — | $72.5M | $72.6M | $69.6M |
| Gross profit | — | — | — | — | $22.6M | $13.8M | — | $24.9M | $25.4M | $23.7M |
| SG&A | $20.7M | $21.4M | $24.4M | $12.9M | $13.3M | $8.7M | $12.7M | $5.3M | $21.3M | $22.3M |
| Operating income | $6.3M | $4.4M | $10.6M | $16.0M | $7.7M | $5.0M | $2.8M | $6.9M | $3.7M | $1.1M |
| Interest expense | $307.0K | $923.0K | $1.4M | $368.0K | $157.0K | $49.7K | $559.6K | $19.7K | $11.6K | $25.0K |
| Pre-tax income | $6.7M | $4.1M | $7.8M | $13.9M | $12.5M | $6.1M | $3.0M | $7.1M | $3.7M | $1.1M |
| Income tax | $100.0K | $221.0K | $1.3M | $1.9M | $635.0K | $741.0K | $3.5M | $21.0K | $2.0M | $522.8K |
| Net income | $6.3M | $3.7M | $6.1M | $12.5M | $11.8M | $5.4M | -$290.0K | $7.1M | $1.7M | $556.6K |
| EPS, basic | 0.45 | 0.27 | 0.45 | 0.91 | 0.88 | 0.40 | -0.03 | 0.72 | 0.33 | 0.11 |
| EPS, diluted | 0.45 | 0.26 | 0.45 | 0.91 | 0.87 | 0.39 | -0.03 | 0.72 | 0.33 | 0.11 |
| Shares, diluted (wtd. avg.) | 14.0M | 13.9M | 13.8M | 13.7M | 13.6M | 13.7M | 11.6M | 9.9M | 5.1M | 5.3M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | — | — | — | — | — | — | $4.2M | $1.3M | $7.8M | $3.0M |
| Receivables | $39.3M | $42.3M | $44.4M | $45.7M | $38.2M | $21.3M | $28.2M | $20.7M | $9.4M | $10.3M |
| Total current assets | $48.3M | $49.2M | $51.5M | $51.9M | $42.0M | $39.0M | $37.0M | $22.2M | $18.2M | $14.8M |
| Property, plant and equipment | $4.0M | $4.1M | $4.3M | $4.4M | $4.5M | $3.2M | $1.9M | $2.0M | $372.1K | $432.9K |
| Goodwill | $1.6M | $1.6M | $5.9M | $5.9M | $0 | — | — | — | — | — |
| Other intangibles | $24.2M | $28.2M | $25.8M | $28.0M | $22.9M | $342.7K | $0 | $3.9M | $4.1M | — |
| Total assets | $88.2M | $94.0M | $103.8M | $103.3M | $77.4M | $49.1M | $46.9M | $24.4M | $25.4M | $24.0M |
| Accounts payable | $192.0K | $174.0K | $137.0K | $448.0K | $1.1M | $457.5K | $253.8K | $53.4K | $563.4K | $762.3K |
| Total current liabilities | $15.3M | $24.1M | $35.7M | $36.8M | $21.5M | $9.5M | $11.0M | $12.7M | $4.9M | $4.2M |
| Total liabilities | $19.9M | $29.2M | $41.1M | $45.0M | $30.6M | $12.7M | $15.6M | $13.4M | $5.8M | $5.8M |
| Retained earnings | $31.2M | $28.6M | $28.3M | $25.5M | $16.4M | $7.7M | $3.7M | $4.0M | -$36.6M | -$38.3M |
| Total equity | $68.3M | $64.8M | $62.7M | $58.3M | $46.7M | $36.4M | $31.3M | $10.9M | $10.8M | $18.1M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $12.0M | $12.0M | $10.6M | $16.9M | $17.4M | $10.9M | $5.0M | $5.1M | $4.7M | -$464.2K |
| Depreciation and amortisation | $3.0M | $2.8M | $2.8M | $2.0M | $1.6M | $129.2K | $400.0K | $93.0K | $165.0K | $168.0K |
| Stock-based compensation | $936.0K | $1.8M | $1.7M | $2.4M | $1.6M | $1.2M | $758.1K | $0 | $156.8K | $147.2K |
| Investing cash flow | $296.0K | $44.0K | -$7.1M | -$23.6M | -$29.4M | $36.4K | $9.8M | $153.8K | -$103.7K | -$2.1M |
| Financing cash flow | -$10.7M | -$11.2M | -$5.2M | $8.5M | -$347.0K | -$1.4M | -$11.9M | -$4.2M | $90.1K | -$2.0M |
| Dividends paid | $842.0K | $838.0K | $838.0K | $833.0K | $822.0K | $680.0K | $0 | — | — | — |
| Buybacks | $377.0K | $0 | — | — | $0 | $146.5K | $8.4M | $0 | $375.2K | $1.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001437749-26-014187.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93.3M | $98.1M | $11.3M | $14.7M | $12.8M | $21.3M | $28.9M | $35.8M | $32.7M | $29.0M |
| Gross profit | $23.7M | $25.4M | $24.9M | — | $13.8M | $22.6M | — | — | — | — |
| Net income | $556.6K | $1.7M | $7.1M | -$290.0K | $5.4M | $11.8M | $12.5M | $6.1M | $3.7M | $6.3M |
Recent filings and events
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Item 7.01
- Regulation FD disclosure Item 7.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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