Short answer
HireQuest, Inc. (HQI) filed its Q3 2025 10-Q quarterly report on Nov 6, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $8M (down 9.8% year over year) with net income of $2M.
Q3 2025 key financials · XBRL
- Revenue
- $8M
- −9.8% YoY · +11.2% QoQ
- Net income
- $2M
- +204.4% YoY · +117.4% QoQ
- Operating margin
- 28.8%
- EPS (diluted)
- $0.17
- +206.3% YoY · +142.9% QoQ
Source: XBRL data from the HireQuest, Inc. (HQI) Q3 2025 10-Q on SEC EDGAR. USD.
HireQuest, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: Increased goodwill impairment from MRI acquisition, $230K charge this quarter vs $6.0M prior quarter, due to depressed economic environment and franchisee retirements
- Most materially updated risk: Declining system-wide sales, down 10.0% Q3 YTD driven by $29.1M MRI decline from retirements and economic weakness
- Compliance risk: Risks from regulatory environment and legal claims related to franchisees and staffing industry, including workers’ compensation fluctuations and franchisee actions
- Market risk: Franchise royalties decreased 9.8% Q3 and 10.7% YTD, reflecting reduced demand and franchisee exits impacting near-term revenue
- Financial risk: Interest expense decreased from $268K to $63K Q3 due to lower credit facility usage; liquidity sensitive to acquisition financing and credit agreements
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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