HQI HireQuest, Inc.
FY2024 10-K
HireQuest, Inc. (HQI) filed its fiscal year 2024 10-K annual report with the SEC on Mar 27, 2025. This page provides AI-powered analysis of the filing, including business overview, management discussion, risk factors, and key financial metrics from XBRL data.
AI Filing AnalysisFY2024 10-K
Business Overview
- • Core business model: Nationwide franchisor of temporary staffing and permanent placement services across light industrial, blue-collar, and executive recruitment segments
- • New emphasis: Expansion into executive search and permanent placement with 2022 MRI Network acquisition adding 210 franchises and $50M temporary/contract billings
Management Discussion & Analysis
- • Revenue $34.6M in 2024, down 8.7% YoY from $37.9M in 2023; system-wide sales declined 6.9% to $563.6M from $605.1M
- • Operating margin 12.6% vs 28.1% YoY; income from operations fell to $4.4M from $10.6M including $6.0M goodwill/intangible impairment charge
Risk Factors
- • Regulatory risk Patient Protection and Affordable Care Act compliance and insurance availability uncertainty impacting worker health coverage costs
- • Geopolitical threat Russian invasion of Ukraine and Middle East conflicts pressure inflation and supply chains, affecting industrial/manufacturing and construction labor demand
Financial SummaryXBRL
Revenue
$35M
Net Income
$4M
Operating Margin
12.6%
Net Margin
10.6%
ROE
5.7%
Total Assets
$94M
EPS (Diluted)
$0.26
Operating Cash Flow
$12M
Source: XBRL data from HireQuest, Inc. FY2024 10-K filing on SEC EDGAR. All figures in USD.
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