HQI earnings analysis
What we found in HQI's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
HireQuest reported a positive second quarter, with revenue of $8.099 million and diluted EPS of $0.23, both above the provided consensus estimates and ahead of the prior-year quarter on earnings. Gross margin remained 100.0%, while current-quarter operating margin and free cash flow were not disclosed in the supplied filing text. The filing provides no quantitative guidance, and Item 1A states that there were no material changes to the risk factors in the 2025 Form 10-K.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue increased and beat estimates
- Second-quarter revenue was $8.099 million, up from approximately $7 million in 2026 Q1 and approximately $8 million in 2025 Q2. Revenue also exceeded the $7.052 million estimate by approximately $1.047 million.
- EPS improved materially
- Diluted EPS was $0.23 versus $0.11 in 2026 Q1 and $0.08 in 2025 Q2, indicating substantial sequential and year-over-year earnings growth.
- Gross margin remained stable
- Gross margin remained 100.0%, consistent with the 100.0% reported in each quarter shown from 2024 Q4 through 2026 Q1.
- Share repurchases continued
- The company repurchased 226 thousand shares during the six months ended June 30, 2026 at an average price of $10.77 per share. The board-authorized repurchase plan permits purchases of up to $20 million.
- Controls remained effective
- Management concluded that disclosure controls and procedures were effective as of June 30, 2026, and reported no change in internal control that materially affected, or was reasonably likely to materially affect, financial reporting.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Repurchases may constrain liquidity
- The company’s repurchase authorization permits up to $20 million of common-stock purchases, with $17.195 million remaining under the plan as of June 30, 2026. Continued repurchases could reduce cash available for operations or other capital uses.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.23
- Gross margin
- 100.0%
What they said about what is next.
The 10-Q provides no quantitative revenue or EPS guidance and does not indicate that prior numerical guidance was raised, maintained, lowered, or withdrawn.
The filing reads better than the one before it.
What came before.
- 10-Q · May 12, 2026
- HireQuest, Inc. reported Q4 2026 revenues of $6.5 million, down 12.7% year-over-year, with EPS of $0.19 beating estimates by 46.15%. Despite challenges, management highlighted a significant gain from asset divestitures…
- 10-K · March 31, 2026
- HireQuest describes a royalty-driven franchisor model with revenue of $30.6 million in 2025 and system-wide sales of $500.2 million, operating through 413 franchisee-owned offices (and one company-owned office) across…
- 10-Q · November 6, 2025
- HireQuest reported Q3 revenue of $8,497,000, down year-over-year from $9,416,000, while operating income swung to a profit of $2,445,000 from an operating loss of $(2,695,000) a year ago. Diluted EPS was $0.16…
- 10-Q · August 8, 2024
- HireQuest reported Q2 revenue of $8,680,000 and diluted EPS of $0.15, roughly flat YoY for EPS but with a modest revenue decline versus the prior-year quarter. Operating income ticked up slightly to $2,695,000, but cash…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
Read the next one first.
We read every filing HQI makes the day it lands, and put it next to what the options market did about it. Members get both, and an alert when a filing arrives.
Cancel anytime · Month to month · Switch tiers whenever