HireQuest, Inc. — Form 8-K
Filed August 10, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 42/100
What the filing says
HireQuest reported Q2 2026 total revenue of $8.1M (up 6.0% YoY to $7.6M), with franchise royalties at $7.6M (+4.1%). Net income nearly tripled to $2.7M ($0.19 per diluted share) vs. $1.1M ($0.08) in Q2 2025, driven by 31.9% SG&A cost reduction ($4.0M vs. $5.9M). Pro forma for the January 2026 MRINetwork divestiture (~$620K royalties), underlying growth was stronger at 13.8% franchise royalties and 16.6% total revenue. Adjusted EBITDA rose 39.5% to $4.6M. The company paid a $0.06 quarterly dividend on ~13.8M shares (~$828K) and maintains ~$41M line-of-credit availability.
Why this rating
Solid Q2 operational beat (net income +154%, EBITDA +39%) and cost discipline offset by modest absolute revenue growth and legacy divestiture noise. Material for a $66M company but not transformational—typical quarterly progress.
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