HQI 8-K SEC Filing Analysis

Latest settled — T+5d

HQI ▼ -2.97% at T+5d

NEUTRAL call ✗ call lost -2.97% · α vs SPY -1.81% · entry $12.47 → $12.10

Next anchor: T+20d in 17d

Last close $12.05 (close May 22) · -3.37% from $12.47 entry

Entry anchored
May 12, 03:56 PM ET
via Databento tick

T+1d

0.00%

call 0.00% · α +0.00%

$12.47

settled 11d ago

T+5d

-2.97%

call -2.97% · α -1.81%

$12.10

settled 5d ago

T+20d

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call — · α —

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in 17d

T+60d

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in 2mo

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Executive Summary

HireQuest reported Q1 2026 revenue of $6.5M, down 12.7% YoY, and GAAP diluted EPS of $0.11, in line with consensus. The revenue decline was partly driven by the divestiture of MRINetwork assets on January 1, 2026, which contributed ~$500K in franchise royalties and $74K in service revenue in the prior-year period. Adjusted net income per diluted share was flat at $0.13, and the company maintained its $0.06 quarterly dividend with no guidance provided.

Actionable Insight

Results were largely in line with expectations, with the revenue decline attributable to the MRINetwork divestiture. The stock may trade flat to slightly positive given the in-line EPS and stable dividend. Monitor the next quarter for organic revenue trends excluding the divestiture impact.

Key Facts

Total revenue of $6.5M decreased 12.7% YoY from $7.5M, partly due to the MRINetwork divestiture.
GAAP diluted EPS of $0.11 was flat YoY and in line with consensus of $0.11.
Adjusted net income per diluted share was $0.13, unchanged from Q1 2025.
Adjusted EBITDA was $2.7M, down from $2.8M in the prior-year period.
System-wide sales fell 13.4% to $102.6M; Q1 2025 included ~$16.0M from divested MRINetwork assets.
Cash balance declined to $1.0M from $3.9M at year-end 2025; no debt on the line of credit.
Company paid a $0.06 quarterly dividend on March 16, 2026, with intent to continue quarterly dividends.
No forward guidance was provided in the release.

Financial Impact

Revenue decline of 12.7% YoY ($6.5M vs $7.5M); GAAP EPS flat at $0.11; adjusted EPS flat at $0.13.

revenueepssystem-wide sales

Risk Factors

Continued decline in system-wide sales (-13.4%) signals soft demand in the staffing industry.
Cash burn from $3.9M to $1.0M in one quarter could pressure liquidity if the trend continues.
No guidance provided limits forward visibility; any future miss could amplify downside.

Market Snapshot

Exchange

Nasdaq

Sector

Services-Help Supply Services

Analyst Consensus

83% bullish (6 analysts)

Documents Analyzed

This report is based on 6 SEC documents filed with EDGAR.

Document	Accession Number
8-K Filing (Primary)	0001437749-26-016423
Document: hqi20260512c_8k.htm	0001437749-26-016423
Document: 0001437749-26-016423-index-headers.html	0001437749-26-016423
Document: 0001437749-26-016423-index.html	0001437749-26-016423
Document: 0001437749-26-016423.txt	0001437749-26-016423
8-K Data (Synthetic)	0001437749-26-016423

3 reports for HQI

T+1T+5T+20T+60

Filters

Reports for HQI — sortable, filterable
	Type				Now
May 12, 2026 11d ago	8-K NEUTRAL ★ 4/10	$12.47 $12.10	▼ −2.97%	▼ −1.81%	$12.05 (−3.37%)
May 8, 2026 15d ago	8-K NEUTRAL ★ 3/10	$11.66 $12.52	▲ +7.38%	▲ +7.46%	$12.05 (+3.34%)
Mar 30, 2026 7w ago	8-K MIXED ★ 5/10	$9.98 $10.86	▲ +8.82%	▲ +4.87%	$12.05 (+20.74%)

US Market Status

Market Closed — Opens Tue (35h 12m)

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