Overview
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- TickerHQI on Nasdaq1
- IndustryServices-Help Supply Services1
- HeadquartersGoose Creek, South Carolina1
- Business address111 Springhall Drive, Goose Creek, Sc 294453
- Filer categoryNon-accelerated filer, Smaller reporting company3
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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 dis…5 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Key numbers, fiscal 2025
What sells
Revenue by product, business segment and region, as the company reports it to the SEC.
Products and services
HireQuest Direct brought in 48% of the revenue HireQuest, Inc. broke down this way in fiscal 2025.
Products and services by year
| Products and services | 2024 | 2025 |
|---|---|---|
| HireQuest Direct | $15.1M | $14.0M |
| Snelling and HireQuest | $9.1M | $8.6M |
| Northbound, MRI, and SearchPath | $7.3M | $5.4M |
| DriverQuest and TradeCorp | $807.0K | $854.0K |
| HireQuest Health | $383.0K | $215.0K |
Where the money goes
Where each dollar of revenue went, fiscal 2025
- Selling, general and admin67¢$20.7M
- Other costs11¢$3.2M
- Interest1¢$307.0K
- Income tax0¢$100.0K
- Profit21¢$6.3M
Out of $30.6M in revenue.6
Where each dollar of operating cash went, fiscal 2025
- Dividends paid7¢$844.0K
- Share buybacks3¢$377.0K
- Kept or used elsewhere90¢$10.8M
Out of $12.0M of cash from operations.6
Financial statements
Every line of the income statement as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Revenue | $30.6M | $34.6M |
| Selling, general and administrative expenses | $20.7M | $21.4M |
| Goodwill and Intangible Asset Impairment | $674.0K | $6.0M |
| Depreciation and amortization | $3.0M | $2.8M |
| Income from operations | $6.3M | $4.4M |
| Other miscellaneous income | $223.0K | $145.0K |
| Interest income | $511.0K | $556.0K |
| Interest and other financing expense | -$307.0K | -$923.0K |
| Net income before income taxes and discontinued operations | $6.7M | $4.1M |
| Provision for income taxes | $100.0K | $221.0K |
| Net income from continuing operations | $6.6M | $3.9M |
| Loss from discontinued operations, net of tax | -$279.0K | -$253.0K |
| Net income | $6.3M | $3.7M |
| Continuing operations (in dollars per share) | $0 | $0 |
| Discontinued operations (in dollars per share) | -$0 | -$0 |
| Total (in dollars per share) | $0.45 | $0.27 |
| Continuing operations (in dollars per share) | $0 | $0 |
| Discontinued operations (in dollars per share) | -$0 | -$0 |
| Total (in dollars per share) | $0.45 | $0.26 |
| Basic (in shares) | 14.0M shares | 13.8M shares |
| Diluted (in shares) | 14.0M shares | 13.9M shares |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 3 fiscal years (annual) or 3 quarters (quarterly), latest first.6
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $3.9M | $2.2M | |
| Accounts receivable, net of allowance of $288 thousand and $275 thousand, respectively | $39.3M | $42.3M | |
| Notes receivable | $1.1M | $1.2M | |
| Prepaid expenses, deposits, and other assets | $3.2M | $2.4M | |
| Prepaid workers' compensation | $848.0K | $1.1M | |
| Total current assets | $48.3M | $49.2M | |
| Property and equipment, net | $4.0M | $4.1M | |
| Workers compensation claim payment deposit | $1.1M | $1.1M | |
| Franchise agreements, net | $17.2M | $19.7M | |
| Other intangible assets, net | $7.0M | $8.4M | |
| Goodwill | $1.6M | $1.6M | $5.9M |
| Deferred tax asset | $1.9M | $2.1M | |
| Other assets | $279.0K | $57.0K | |
| Notes receivable, net of current portion and allowance of $1.2 million and $773 thousand, respectively | $5.6M | $6.7M | |
| Intangible assets held for sale | $1.1M | $891.0K | |
| Total assets | $88.2M | $94.0M | |
| Accounts payable | $192.0K | $174.0K | |
| Line of credit | $0 | $6.8M | |
| Term loans payable | $0 | $88.0K | |
| Other current liabilities | $2.2M | $2.0M | |
| Accrued wages, benefits and payroll taxes | $1.8M | $2.6M | |
| Due to franchisee | $7.0M | $7.6M | |
| Risk management incentive program liability | $1.2M | $1.3M | |
| Workers' compensation claims liability | $2.9M | $3.6M | |
| Total current liabilities | $15.3M | $24.1M | |
| Workers' compensation claims liability, net of current portion | $2.2M | $2.7M | |
| Franchisee deposits | $2.3M | $2.4M | |
| Total liabilities | $19.9M | $29.2M | |
| Preferred stock - $0.001 par value, 1,000,000 shares authorized; none issued | $0 | $0 | |
| Common stock - $0.001 par value, 30,000,000 shares authorized; 14,079,692 and 14,072,804 shares issued, respectively | $14.0K | $14.0K | |
| Additional paid-in capital | $37.2M | $36.3M | |
| Treasury stock, at cost - 48,849 shares and 43,849 shares, respectively | -$146.0K | -$146.0K | |
| Retained earnings | $31.2M | $28.6M | |
| Total stockholders' equity | $68.3M | $64.8M | $62.7M |
| Total liabilities and stockholders' equity | $88.2M | $94.0M | |
| Allowance for credit loss | $288.0K | $275.0K | |
| Notes receivable, allowance | $1.2M | $773.0K | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 30.0M shares | 30.0M shares | |
| Common stock, shares issued (in shares) | 14.1M shares | 14.1M shares | |
| Treasury stock, shares (in shares) | 48.8K shares | 43.8K shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash | $3.9M | $2.2M | |
| Accounts receivable, net of allowance of $288 thousand and $275 thousand, respectively | $39.3M | $42.3M | |
| Notes receivable | $1.1M | $1.2M | |
| Prepaid expenses, deposits, and other assets | $3.2M | $2.4M | |
| Prepaid workers' compensation | $848.0K | $1.1M | |
| Total current assets | $48.3M | $49.2M | |
| Property and equipment, net | $4.0M | $4.1M | |
| Workers compensation claim payment deposit | $1.1M | $1.1M | |
| Franchise agreements, net | $17.2M | $19.7M | |
| Other intangible assets, net | $7.0M | $8.4M | |
| Goodwill | $1.6M | $1.6M | $5.9M |
| Deferred tax asset | $1.9M | $2.1M | |
| Other assets | $279.0K | $57.0K | |
| Notes receivable, net of current portion and allowance of $1.2 million and $773 thousand, respectively | $5.6M | $6.7M | |
| Intangible assets held for sale | $1.1M | $891.0K | |
| Total assets | $88.2M | $94.0M | |
| Accounts payable | $192.0K | $174.0K | |
| Line of credit | $0 | $6.8M | |
| Term loans payable | $0 | $88.0K | |
| Other current liabilities | $2.2M | $2.0M | |
| Accrued wages, benefits and payroll taxes | $1.8M | $2.6M | |
| Due to franchisee | $7.0M | $7.6M | |
| Risk management incentive program liability | $1.2M | $1.3M | |
| Workers' compensation claims liability | $2.9M | $3.6M | |
| Total current liabilities | $15.3M | $24.1M | |
| Workers' compensation claims liability, net of current portion | $2.2M | $2.7M | |
| Franchisee deposits | $2.3M | $2.4M | |
| Total liabilities | $19.9M | $29.2M | |
| Preferred stock - $0.001 par value, 1,000,000 shares authorized; none issued | $0 | $0 | |
| Common stock - $0.001 par value, 30,000,000 shares authorized; 14,079,692 and 14,072,804 shares issued, respectively | $14.0K | $14.0K | |
| Additional paid-in capital | $37.2M | $36.3M | |
| Treasury stock, at cost - 48,849 shares and 43,849 shares, respectively | -$146.0K | -$146.0K | |
| Retained earnings | $31.2M | $28.6M | |
| Total stockholders' equity | $68.3M | $64.8M | $62.7M |
| Total liabilities and stockholders' equity | $88.2M | $94.0M | |
| Allowance for credit loss | $288.0K | $275.0K | |
| Notes receivable, allowance | $1.2M | $773.0K | |
| Preferred stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Preferred stock, shares authorized (in shares) | 1.0M shares | 1.0M shares | |
| Preferred stock, shares issued (in shares) | 0 shares | 0 shares | |
| Common stock, par value (in dollars per share) | $0.00 | $0.00 | |
| Common stock, shares authorized (in shares) | 30.0M shares | 30.0M shares | |
| Common stock, shares issued (in shares) | 14.1M shares | 14.1M shares | |
| Treasury stock, shares (in shares) | 48.8K shares | 43.8K shares |
Every line of the cash flow as filed: the last 2 fiscal years, latest first.6
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income | $6.3M | $3.7M |
| Loss from discontinued operations | $279.0K | $253.0K |
| Net income from continuing operations | $6.6M | $3.9M |
| Depreciation and amortization | $3.0M | $2.8M |
| Non-cash interest and loss on debt extinguishment | $22.0K | $18.0K |
| Goodwill and Intangible Asset Impairment | $674.0K | $6.0M |
| Provision for credit losses | $596.0K | $424.0K |
| Stock based compensation | $936.0K | $1.8M |
| Deferred taxes | $173.0K | -$1.7M |
| (Loss) gain on disposition of intangible assets and property, plant, and equipment | -$103.0K | $7.0K |
| Accounts receivable | $3.1M | $2.3M |
| Prepaid expenses, deposits, and other assets | -$833.0K | $897.0K |
| Prepaid workers' compensation | $246.0K | -$448.0K |
| Accounts payable | $18.0K | $28.0K |
| Risk management incentive program liability | -$15.0K | $686.0K |
| Other current liabilities | $168.0K | -$331.0K |
| Accrued wages, benefits and payroll taxes | -$757.0K | -$1.7M |
| Due to franchisees | -$574.0K | -$2.3M |
| Workers compensation claim payment deposit | $1.0K | $342.0K |
| Workers' compensation claims liability | -$1.1M | -$331.0K |
| Net cash provided by operating activities - continuing operations | $12.1M | $12.3M |
| Net cash used in operating activities - discontinued operations | -$31.0K | -$253.0K |
| Net cash provided by operating activities | $12.0M | $12.0M |
| Cash paid in business combinations and asset acquisitions | $0 | -$1.7M |
| Purchase of property and equipment | -$56.0K | -$68.0K |
| Proceeds from the sale of branches | $0 | $717.0K |
| Proceeds from payments on notes receivable | $1.2M | $1.6M |
| Cash issued for notes receivable | -$537.0K | -$13.0K |
| Purchase of deferred compensation plan investments | -$248.0K | $0 |
| Investment in intangible assets | $0 | -$441.0K |
| Net change in franchisee deposits | -$80.0K | -$79.0K |
| Net cash provided by investing activities | $296.0K | $44.0K |
| Payment on term loan payable | -$88.0K | -$557.0K |
| Net payments on revolving line of credit | -$6.8M | -$7.3M |
| Repurchase of common stock | -$377.0K | $0 |
| Net cash used in financing activities | -$10.7M | -$11.2M |
| Net increase in cash | $1.7M | $877.0K |
| Notes receivable issued for the sale of branches | $950.0K | $100.0K |
| Amounts payable assumed related to the purchase of an acquisition | $0 | $10.0K |
| Interest paid | $281.0K | $957.0K |
| Income taxes paid | $795.0K | $1.2M |
No quarter-by-quarter statement was filed.
Corporate structure
HireQuest, Inc. sits at the top of its group. 14 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
- HireQuest, Inc. Goose Creek, South Carolina
- DriverQuest2, LLC is a limited liability company organized under the laws of Subsidiary · Florida, United States
- Hire Quest, LLC is a limited liability company organized under the laws of Subsidiary · Florida, United States
- HireQuest Security, LLC is a limited liability company organized under the laws of Subsidiary · Florida, United States
- HQ Financial Corporation is a corporation incorporated under the laws of Subsidiary · Delaware, United States
- HQ Franchising Corporation is a corporation incorporated under the laws of Subsidiary · Delaware, United States
- HQ Insurance Corporation is a corporation incorporated under the laws of Subsidiary · Delaware, United States
- HQ Link Corporation is a corporation incorporated under the laws of Subsidiary · Delaware, United States
- HQ LTS Corporation is a corporation incorporated under the laws of Subsidiary · Delaware, United States
- HQ Medical, LLC is a limited liability company organized under the laws of Subsidiary · Florida, United States
- HQ MRI Corporation (F/K/A HQ Snelling Corporation) is a corporation incorporated under the laws of Subsidiary · Delaware, United States
- HQ Real Property Corporation is a corporation incorporated under the laws of Subsidiary · Delaware, United States
- Recruit Media, Inc. is a corporation incorporated under the laws of Subsidiary · Delaware, United States
- Snel Phil, LLC is a limited liability company organized under the laws of Subsidiary · Florida, United States
Built from subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What HireQuest, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Property and equipment
| Item | Latest | A year before | Change |
|---|---|---|---|
| Accumulated depreciation | $1.4M6 Dec 31, 2025 | $1.2M6 Dec 31, 2024 | +12.6% |
| Property and equipment, net | $4.0M6 Dec 31, 2025 | $4.1M6 Dec 31, 2024 | −2.4% |
Investments
Intangibles and goodwill
| Item | Latest | A year before | Change |
|---|---|---|---|
| Goodwill | $1.6M6 Dec 31, 2025 | $1.6M6 Dec 31, 2024 | 0% |
| Intangible assets, net (excluding goodwill) | $24.2M6 Dec 31, 2025 | $28.2M6 Dec 31, 2024 | −14.0% |
| Finite-lived intangibles, gross | $31.9M6 Dec 31, 2025 | $31.9M6 Dec 31, 2024 | 0% |
| Accumulated amortization | $11.8M6 Dec 31, 2025 | $8.3M6 Dec 31, 2024 | +43.3% |
| Finite-lived intangibles, net | $20.0M6 Dec 31, 2025 | $23.6M6 Dec 31, 2024 | −15.1% |
Properties, in its own words
We own our corporate headquarters, two buildings of approximately 15 thousand square feet and 10 thousand square feet respectively, in Goose Creek, South Carolina. These buildings serve as our base of operations for nearly all of the employees who provide franchisee support functions. At December 31, 2025, we leased approximately 5 thousand square feet of office space in our headquarters to an unaffiliated company. This lease was at the market rate.
We are unaware of any material liens or other encumbrances on our real property, other than as general collateral for our revolving line of credit. See the "Liquidity and Capital Resources" section for more information.
Item 2 of the 10-K filed Mar 31, 2026.5
Leadership
Who has led HireQuest, Inc., and when. Pick a name to see everywhere that person has worked.
Chief financial officer
Chief operating officer
2010201520202025
- Chief executive officerRichard Hermanns Jul 17, 2019 to now15
- Chief executive officerFrederick J. Sandford Feb 11, 2014 to Feb 9, 201816
- Chief executive officerGlenn Welstad Feb 8, 2008 to Mar 31, 201117
- PresidentRichard Hermanns Jul 17, 2019 to now15
- PresidentFrederick J. Sandford Feb 11, 2014 to Feb 9, 201816
- Chief financial officerCharles David Ryan Hartley Nov 12, 2025 to now18
- Chief financial officerSteven G. Crane Nov 15, 2023 to Dec 11, 202319
- Chief financial officerDavid S. Burnett Dec 1, 2021 to Mar 7, 202220
- Chief financial officerCory Smith Aug 31, 2017 to Aug 23, 202121
- Chief financial officerColette Pieper Sep 6, 2016 to Jan 27, 201722
- Chief financial officerJeff T. Wilson Oct 22, 2014 to Aug 18, 201623
- Chief financial officerJeff R. Mitchell Feb 14, 2011 to Feb 16, 201124
- Chief financial officerBrad E. Herr Feb 8, 2008 to Oct 10, 200825
- Chief operating officerTodd Welstad Feb 14, 2011 to Feb 14, 201126
- Chief operating officerThomas E. Gilbert Feb 8, 2008 to Feb 8, 200827
Board members and other officers (29)
- Chief Accounting OfficerCory Smith Mar 7, 2022 to Mar 7, 202228
- VP, GC & SJohn McAnnar Jul 25, 2019 to Jul 27, 202029
- Primary Accounting OfficerRalph E. Peterson Feb 11, 2014 to Feb 11, 201430
- EXEC VP, SEC'Y, GEN COUNSELRonald L. Junck Feb 11, 2014 to Feb 9, 201831
- CIO, EVPTodd Welstad Feb 8, 2008 to Sep 11, 200832
- Board memberJack A. Olmstead Jun 17, 2020 to now33
- Board memberEdward Jackson Jul 17, 2019 to now34
- Board memberRichard Hermanns Jul 17, 2019 to now15
- Board memberKathleen M. Shanahan Jul 25, 2019 to now35
- Board memberPayne Brown Jul 25, 2019 to Nov 10, 202136
- Board memberSteve P. Oman Apr 5, 2018 to Oct 2, 201837
- Board memberGalen G. Vetter Apr 16, 2018 to Oct 2, 201838
- Board memberLawrence F. Hagenbuch Apr 20, 2018 to now39
- Board memberR. Rimmy Malhotra Apr 13, 2016 to now40
- Board memberSteven Mark Bathgate Aug 19, 2016 to Oct 2, 201841
- Board memberFrederick J. Sandford Feb 11, 2014 to Feb 9, 201816
- Board memberJohn D. Stewart Feb 11, 2014 to Oct 3, 201742
- Board memberJd Smith Mar 19, 2014 to Jan 21, 202043
- Board memberJeff T. Wilson Mar 19, 2014 to Feb 5, 201544
- Board memberJohn Schneller Feb 3, 2011 to Jun 12, 201845
- Board memberJeff R. Mitchell Feb 14, 2011 to Feb 16, 201124
- Board memberBrad E. Herr Feb 8, 2008 to Oct 10, 200825
- Board memberGlenn Welstad Feb 8, 2008 to Mar 31, 201117
- Board memberThomas E. Gilbert Feb 8, 2008 to Feb 8, 200827
- Board memberTodd Welstad Feb 8, 2008 to Feb 14, 201132
- Board memberRalph E. Peterson Feb 12, 2008 to Feb 11, 201146
- General counselJohn McAnnar Sep 2, 2021 to now47
- General counselBrendan Simaytis Jul 10, 2018 to Jul 10, 201848
- General counselRonald L. Junck Feb 8, 2008 to Feb 14, 201149
Subsidiaries and ownership
Subsidiaries (Exhibit 21)
- DriverQuest2, LLC is a limited liability company organized under the laws of Florida.4
- HQ Financial Corporation is a corporation incorporated under the laws of Delaware.4
- HQ Franchising Corporation is a corporation incorporated under the laws of Delaware.4
- HQ Insurance Corporation is a corporation incorporated under the laws of Delaware.4
- HQ LTS Corporation is a corporation incorporated under the laws of Delaware.4
- HQ Link Corporation is a corporation incorporated under the laws of Delaware.4
- HQ MRI Corporation (F/K/A HQ Snelling Corporation) is a corporation incorporated under the laws of Delaware.4
- HQ Medical, LLC is a limited liability company organized under the laws of Florida.4
- HQ Real Property Corporation is a corporation incorporated under the laws of Delaware.4
- Hire Quest, LLC is a limited liability company organized under the laws of Florida.4
- HireQuest Security, LLC is a limited liability company organized under the laws of Florida.4
- Recruit Media, Inc. is a corporation incorporated under the laws of Delaware.4
- Snel Phil, LLC is a limited liability company organized under the laws of Florida.4
The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.
Former names
Timeline
- Aug 13, 20268-K Regulation FD disclosure50
- Aug 10, 20268-K Results of operations51
- Jun 22, 20268-K Shareholder vote52
- May 12, 20268-K Results of operations53
- May 12, 20268-K Regulation FD disclosure54
- May 8, 20268-K Regulation FD disclosure55
- Mar 30, 20268-K Results of operations56
- Mar 6, 20268-K Executive or director change57
- Feb 17, 20268-K Regulation FD disclosure58
- Dec 17, 20258-K Regulation FD disclosure59
- Dec 1, 20258-K Entered a material agreement; Regulation FD disclosure60
- Nov 7, 20258-K Regulation FD disclosure61
- Jul 17, 2019New chief executive Richard Hermanns becomes CEO15
- Feb 11, 2014New chief executive Frederick J. Sandford becomes CEO16
- Feb 8, 2008New chief executive Glenn Welstad becomes CEO17
Calendar
Coming up
- Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.24 a share, on Nov 6, 2025.62
When it reported results
- Aug 10, 2026Reported quarterly or annual results51
- May 12, 2026Reported quarterly or annual results53
- Mar 30, 2026Reported quarterly or annual results56
- Nov 6, 2025Reported quarterly or annual results63
- Aug 7, 2025Reported quarterly or annual results64
- May 8, 2025Reported quarterly or annual results65
- Mar 27, 2025Reported quarterly or annual results66
- Nov 7, 2024Reported quarterly or annual results67
Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar
Filings
273 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 69 major events, 170 insider forms, 14 other. The latest 20:
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 14, 20264 PRIMARY DOCUMENT EDGAR
- Aug 13, 20268-K EDGAR
- Aug 11, 202610-Q EDGAR
- Aug 10, 20268-K EDGAR
- Jun 29, 20264 PRIMARY DOCUMENT EDGAR
- Jun 22, 20268-K EDGAR
- Jun 5, 20264 EDGAR
- May 12, 202610-Q EDGAR
- May 12, 20268-K EDGAR
- May 12, 20268-K EDGAR
- May 8, 20268-K EDGAR
- Apr 30, 2026DEF 14A EDGAR
- Mar 31, 202610-K EDGAR
- Mar 30, 20268-K EDGAR
- Mar 6, 20268-K EDGAR
- Mar 4, 20264 PRIMARY DOCUMENT EDGAR
The 273 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Insider trades
49 open-market trades by officers, directors and large owners since October 2021: 49 buys and 0 sales. Grants, option exercises and gifts are left out.
| Date | Who | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Jun 3, 2026 | Hermanns RichardPresident and CEO | Buy | 1,128 | $12.19 | $13.8K | Form 4 |
| Dec 30, 2025 | Hermanns RichardPresident and CEO | Buy | 9,704 | $10.28 | $99.8K | Form 4 |
| Dec 24, 2025 | Hermanns RichardPresident and CEO | Buy | 422 | $10.12 | $4.3K | Form 4 |
| Dec 22, 2025 | Hermanns RichardPresident and CEO | Buy | 18,854 | $9.13 | $172.1K | Form 4 |
| Nov 12, 2024 | Hagenbuch Lawrence FDirector | Buy | 1,200 | $14.53 | $17.4K | Form 4 |
| Aug 22, 2024 | Hermanns RichardPresident and CEO | Buy | 3,000 | $12.89 | $38.7K | Form 4 |
| Aug 22, 2024 | OLMSTEAD JACK A.Director | Buy | 5,000 | $12.90 | $64.5K | Form 4 |
| Jun 28, 2024 | Hermanns RichardPresident and CEO | Buy | 4,219 | $12.08 | $51.0K | Form 4 |
| Jun 24, 2024 | Hermanns RichardPresident and CEO | Buy | 669 | $12.25 | $8.2K | Form 4 |
| Jun 24, 2024 | Malhotra R. RimmyDirector | Buy | 2,000 | $12.29 | $24.6K | Form 4 |
| Jun 20, 2024 | Hermanns RichardPresident and CEO | Buy | 1,062 | $12.22 | $13.0K | Form 4 |
| Jun 17, 2024 | Hermanns RichardPresident and CEO | Buy | 46 | $12.50 | $575 | Form 4 |
| Jun 14, 2024 | Hermanns RichardPresident and CEO | Buy | 2,000 | $12.70 | $25.4K | Form 4 |
| May 24, 2024 | Hermanns RichardPresident and CEO | Buy | 2,700 | $12.64 | $34.1K | Form 4 |
| May 22, 2024 | Hermanns RichardPresident and CEO | Buy | 1,000 | $12.88 | $12.9K | Form 4 |
| May 15, 2024 | Hermanns RichardPresident and CEO | Buy | 3,763 | $12.44 | $46.8K | Form 4 |
| May 14, 2024 | Hermanns RichardPresident and CEO | Buy | 10,000 | $12.07 | $120.7K | Form 4 |
| Dec 19, 2023 | Hagenbuch Lawrence FDirector | Buy | 3,900 | $16.32 | $63.6K | Form 4 |
| Dec 15, 2023 | Malhotra R. RimmyDirector | Buy | 6,000 | $16.22 | $97.3K | Form 4 |
| Nov 28, 2023 | Shanahan Kathleen MDirector | Buy | 1,866 | $15.00 | $28.0K | Form 4 |
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From Forms 4 filed with the SEC.
Executive pay
What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.
| Year | Executive | Age | Salary | Total pay |
|---|---|---|---|---|
| 2025 | Richard F. Hermanns | 62 | $408.1K | $456.3K68 |
| 2025 | John McAnnar | 43 | $245.4K | $291.3K68 |
| 2025 | C. David R. Hartley* | 44 | $220.7K | $264.2K68 |
| 2024 | PresidentChief Executive Officer, and Chairman | $400.5K | $449.1K68 | |
| 2024 | SecretaryChief Legal Officer, Vice President | $240.1K | $286.7K68 | |
| 2024 | Chief Financial Officer | $185.0K | $286.2K68 |
Held by these funds
The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 58. Change is in shares since the quarter before.
13F reports cover disclosed long positions in U.S. stocks only.
SEC filer profile
How HireQuest, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARHireQuest, Inc.1
- CIK0001140102
- Employer ID (EIN)91-20794725
- Filer statusNon-accelerated filer not an emerging growth company; a smaller reporting company; not a shell company5
- Incorporated inDelaware5
- Fiscal year endsDecember 311
- Industry code (SIC)7363 Services-Help Supply Services1
- SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
- Business address111 Springhall Drive, Goose Creek, SC 294451
- Phone(843) 723-74001
- Shares outstanding13,900,000 as of Aug 10, 202613
- Public float$66.1M as of Jun 30, 20255
- AuditorForvis Mazars, LLP, Tampa, Florida PCAOB ID 686; no auditor attestation of internal control over financial reporting5
- On EDGAR sinceMay 7, 20011
- Filings904 in all: 4 (385), 8-K (192), 10-Q (56), 5 (43), 3 (29), 10-K (18), 10QSB (18), CORRESP (15)1
All 52 form types
UPLOAD (15), DEF 14A (13), 8-K/A (10), NT 10-Q (10), DEFA14A (7), 10-Q/A (6), 10KSB (6), NT 10-K (6), 4/A (5), SB-2/A (5), SC 13D (5), 425 (4), PRE 14A (4), 10QSB/A (3), EFFECT (3), REGDEX/A (3), S-8 (3), SC 13D/A (3), SC 13G (3), SC TO-I/A (3), 10-K/A (2), 5/A (2), D (2), REGDEX (2), S-1 (2), S-1/A (2), SC 13G/A (2), 10KSB/A (1), 10KSB40 (1), 3/A (1), 424B1 (1), 424B3 (1), 8-A12B (1), 8-A12G (1), CERT (1), DFAN14A (1), NTN 10Q (1), POS AM (1), PREC14A (1), S-3 (1), S-3/A (1), SB-2 (1), SC TO-C (1), SC TO-I (1)
- Latest filingsAnnual report (10-K) Mar 31, 2026
Quarterly report (10-Q) Aug 11, 2026
Proxy statement (DEF 14A) Apr 30, 2026
Latest 8-K (8-K) Aug 13, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Common Stock, $0.001 par value | HQI | NASDAQ |
From the cover page of the 10-K filed Mar 31, 2026 (Section 12(b) of the Exchange Act).5
Risk factors and legal proceedings
The risks HireQuest, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 42 risks under these headings, as written.5
- Risks Related to Our Business and Industry
- Acquisitions may have an adverse effect on our business.
- We impaired our goodwill in 2024 and other intangible assets in both 2025 and 2024, and if our goodwill or other intangible assets is impaired further in the future, we will record an additional non-cash charge to our results of operations and the amount of the charge may be material.
- New business initiatives will cause us to incur additional expenditures and may have an adverse effect on our core business.
- Our results of operations could be adversely affected by economic and political conditions nationally and globally and the effects of these conditions on our and our franchisees’ customers’ businesses and levels of business activity.
- We have been and may continue to be unable to attract sufficient qualified candidates to meet all of the needs of our clients.
- We are vulnerable to seasonal fluctuations with lower demand in the winter months.
- We are critically dependent on workers’ compensation insurance coverage at commercially reasonable rates, and the effect of unexpected changes in claim trends, deteriorating financial results or other factors on our workers’ compensation coverage may negatively impact our financial condition.
- We are dependent on a small number of individuals who constitute our current management.
- Our operating and financial results are largely linked to our large workers’ compensation reserve which can be volatile.
- We may incur employment related claims or other types of claims and costs that could materially harm our business.
- If we fail successfully to implement our growth strategy, which includes new office development by existing and new franchisees, our ability to increase our revenue and operating profits could be adversely affected.
The other 31 risks
- Changes in our industry could place strains on our management, employees, information systems, and internal controls, which may adversely impact our business.
- Shifts in attitudes towards contingent workforces could negatively impact our results of operations and financial condition.
- Difficult political or market conditions, wars, natural disasters, global pandemics, or other unpredictable matters could affect our business in many ways including by reducing the amount of available temporary employees, reducing the amount of customer projects, or harming the overall economy which could materially reduce our revenue, earnings and cash flow and adversely affect our financial condition.
- Risks Related to our Credit Facility and Liquidity
- Our level of debt and restrictions in our credit agreement could negatively affect our operations and limit our liquidity and our ability to react to changes in the economy.
- Without sufficient liquidity, we may not be able to pursue accretive business opportunities.
- We may be unable to obtain financing of our working capital, acquisition, capital, dividend, and other needs on favorable terms.
- Risks Related to Our Franchisees and Business Model
- Converting company-owned offices to franchises has multiple risks.
- Our operating and financial results and growth strategies are closely tied to the success of our franchisees.
- Our success depends upon the continued protection of our trademarks, trade names, and other intellectual property rights and we may be forced to incur substantial costs to maintain, defend, protect, and enforce our intellectual property rights.
- Our franchisees could take action that could harm our business.
- If we fail to identify, recruit, and contract with a sufficient number of qualified franchisees, our ability to open new offices and increase our revenue could be materially adversely affected.
- Opening new offices in existing markets and aggressive development could cannibalize existing sales and may negatively affect sales at existing offices and relationships with existing franchisees.
- A large number of our franchises are controlled by a small number of individuals.
- Our results of operations may be significantly affected by the ability of certain franchisees to repay their loans to us.
- Our growth strategy is reliant on finding purchasers for assets of the businesses we acquire.
- We may have improperly balanced the costs and benefits related to our Franchise Expansion Incentive Program.
- Risks Related to Technology and Cybersecurity
- The improper disclosure of or access to our confidential and proprietary information, or a failure to adequately protect this information, could materially harm our business.
- Our information technology systems may need to be updated or replaced which may be disruptive and expensive. If we fail to update or replace our information technology systems as needed, our business could be harmed.
- Advances in technology may disrupt the labor and recruiting markets.
- Our facilities, operations, and information technology systems may be vulnerable to damage and interruption.
- Risks Related to Ownership of Our Stock
- If we fail to establish and maintain adequate internal control over financial reporting, we may not be able to report our financial results in a timely and reliable manner, which could harm our business and impact the value of our securities.
- If we are a “personal holding company,” we may be required to pay personal holding company taxes, which would have an adverse effect on our cash flows, results of operations, and financial condition.
- Our directors, officers, and current principal stockholders own a large percentage of our common stock and could limit other stockholders’ influence over corporate decisions.
- Our stock typically trades in low volumes daily which could lead to illiquidity, volatility, or depressed stock price.
- Analysts covering our stock could negatively impact both the stock price and trading volume of our stock.
- Our stock price has been and will likely continue to be extremely volatile, and, as a result, stockholders may not be able to resell shares at or above their purchase price, and we may be more vulnerable to securities class action litigation.
- If we cease paying cash dividends on our common stock, you may not receive any return on investment unless you sell your common stock for a price greater than that which you paid for it.
- We are a “smaller reporting company” as defined in SEC regulations, and the reduced disclosure requirements applicable to smaller reporting companies may make our common stock less attractive to investors.
- General Risk Factors
- Our industry is subject to extensive government regulation and the imposition of additional regulations, which could materially harm our future earnings.
- We may engage in litigation with our franchisees.
- We operate in a highly competitive industry and may be unable to retain clients or market share.
Legal proceedings
From time to time, we are involved in various legal and administrative proceedings. Based on information currently available to us, we do not expect material uninsured losses to arise from any of these matters. We believe the outcomes of the proceedings in which we are currently involved, even if determined adversely, will not have a material adverse effect on our business, financial condition, results of operations, or liquidity and capital resources.
The Company and its consolidated subsidiaries file tax returns in multiple jurisdictions and are subject to occasional audits and routine examinations. The federal government requires us to list any "Reportable Transactions", which include abusive transactions and transactions having a significant tax avoidance purpose. We do not have any Reportable Transactions, and have not been assessed or paid any tax penalties with respect to Reportable Transactions.
The opening of Item 3, Legal Proceedings.5
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1SEC EDGARHireQuest, Inc. filings on SEC EDGAR
- 2Yahoo FinanceHQI quote
- 3SEC EDGARHireQuest, Inc. filings on SEC EDGAR
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- 6SEC EDGARHireQuest, Inc. 10-K for fiscal 2025
- 7SEC EDGARHireQuest, Inc. 10-K for fiscal 2019
- 8SEC EDGARHireQuest, Inc. 10-K for fiscal 2020
- 9SEC EDGARHireQuest, Inc. 10-K for fiscal 2021
- 10SEC EDGARHireQuest, Inc. 10-K for fiscal 2022
- 11SEC EDGARHireQuest, Inc. 10-K for fiscal 2023
- 12SEC EDGARHireQuest, Inc. 10-Q for fiscal 2026
- 13SEC EDGARHireQuest, Inc. 10-Q for fiscal 2026
- 14SEC EDGARHireQuest, Inc. 10-K for fiscal 2019
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- 21SEC EDGARCory Smith, Chief financial officer
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- 28SEC EDGARCory Smith, Chief Accounting Officer
- 29SEC EDGARJohn McAnnar, VP, GC & S
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- 32SEC EDGARTodd Welstad, CIO, EVP
- 33SEC EDGARJack A. Olmstead, Board member
- 34SEC EDGAREdward Jackson, Board member
- 35SEC EDGARKathleen M. Shanahan, Board member
- 36SEC EDGARPayne Brown, Board member
- 37SEC EDGARSteve P. Oman, Board member
- 38SEC EDGARGalen G. Vetter, Board member
- 39SEC EDGARLawrence F. Hagenbuch, Board member
- 40SEC EDGARR. Rimmy Malhotra, Board member
- 41SEC EDGARSteven Mark Bathgate, Board member
- 42SEC EDGARJohn D. Stewart, Board member
- 43SEC EDGARJd Smith, Board member
- 44SEC EDGARJeff T. Wilson, Board member
- 45SEC EDGARJohn Schneller, Board member
- 46SEC EDGARRalph E. Peterson, Board member
- 47SEC EDGARJohn McAnnar, General counsel
- 48SEC EDGARBrendan Simaytis, General counsel
- 49SEC EDGARRonald L. Junck, General counsel
- 50SEC EDGARRegulation FD disclosure
- 51SEC EDGARResults of operations
- 52SEC EDGARShareholder vote
- 53SEC EDGARResults of operations
- 54SEC EDGARRegulation FD disclosure
- 55SEC EDGARRegulation FD disclosure
- 56SEC EDGARResults of operations
- 57SEC EDGARExecutive or director change
- 58SEC EDGARRegulation FD disclosure
- 59SEC EDGARRegulation FD disclosure
- 60
- 61SEC EDGARRegulation FD disclosure
- 62NasdaqNasdaq calendar
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