HireQuest Reports Financial Results for Third Quarter 2026
PR Newswire•12/11/2026•16:05 ET
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Key Highlights
- ➤Q3 total revenue $8.8M, up 4.0% year over year
- ➤Q3 net income $1.7M, down from $2.3M; diluted EPS fell to $0.12
- ➤Q3 adjusted EBITDA $4.5M, unchanged year over year
- ➤Q3 SG&A rose 20.7% to $6.1M, including $1.3M notes-receivable write-down
- ➤Nine-month adjusted EBITDA rose to $11.8M from $10.6M; adjusted EPS increased to $0.59
Expert Statements
Rick Hermanns, President and Chief Executive Officer of HireQuest
“Our third quarter results reflect continued momentum across our core commercial staffing brands, as improving demand delivered another quarter of year-over-year revenue growth. Our franchise model continues to demonstrate its resilience, allowing us to grow alongside our franchisees as they benefit from a strengthened labor market.”
Rick Hermanns, President and Chief Executive Officer of HireQuest
“We believe the improving demand environment we have seen throughout 2026 positions our franchisees well as we close out the year and look ahead to 2027. We have a strong balance sheet and ample liquidity, and we remain focused on disciplined capital allocation as we work to deliver consistently profitable results and enhanced value for our shareholders.”
HireQuest Reports Financial Results for Third Quarter 2026 PR Newswire
GOOSE CREEK, S.C., Nov. 12, 2026 /PRNewswire/ -- HireQuest (Nasdaq: HQI), a national franchisor of on-demand staffing and direct-hire recruiting services, today reported financial results for the third quarter ended September 30, 2026.
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