The strong beat and margin leverage suggest improving operating momentum. With a stabilizing job market and low expectations, watch for upside to forward estimates and potential multiple expansion for this $185M market cap franchisor. Monitor franchisee hiring trends and the remaining impact of the MRINetwork divestiture on future system-wide sales comparisons.
Price Chart
Executive Summary
HireQuest reported Q2 2026 GAAP EPS of $0.19 and total revenue of $8.1M, beating consensus estimates of $0.13 EPS and $7.1M revenue by +46.2% and +14.1% respectively. Revenue grew 6.0% YoY as-reported and 16.6% pro forma for the MRINetwork divestiture, with net income more than doubling to $2.7M. The strong operational beat and margin expansion signal a meaningful turnaround from the prior-year period.
Key Financial Metrics
Key Facts
- GAAP diluted EPS of $0.19 vs consensus $0.13 (beat by +46.2%)
- Total revenue of $8.1M vs consensus $7.1M (beat by +14.1%)
- Revenue grew 6.0% YoY as-reported; pro forma for divestiture grew 16.6%
- Net income more than doubled to $2.7M from $1.1M in Q2 2025
- SG&A expenses declined 31.9% YoY to $4.0M
- Adjusted EBITDA of $4.6M vs $3.3M in prior-year period, +40%
- Cash balance of $1.6M, down from $3.9M at year-end 2025
- Quarterly dividend maintained at $0.06 per share
Financial Impact
EPS beat of $0.06 per share (+46% vs consensus); revenue beat of $1.0M (+14% vs consensus)
Risk Factors
- System-wide sales declined 6.4% as-reported YoY due to divestiture; pro forma growth was only 6.9%, modest absolute growth
- Cash declined $2.3M from year-end, raising potential liquidity concerns for a small-cap company
- Dependence on franchisee financial health and labor market conditions for sustained growth
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-prn-302847469 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 10, 2026 11w ago | 8-K | $17.19 $15.94 | ▼ −7.27% | ▼ −6.21% | $17.18 (−0.06%) |
Aug 10, 2026 11w ago | Press Release | $17.19 $15.94 | ▼ −7.27% | ▼ −6.21% | $17.18 (−0.06%) |
May 12, 2026 23w ago | 8-K | $12.47 $14.18 | ▲ +13.71% | ▲ +14.33% | $17.18 (+37.77%) |
May 8, 2026 24w ago | 8-K | $11.66 $12.56 | ▲ +7.72% | ▲ +8.02% | $17.18 (+47.34%) |
Mar 30, 2026 30w ago | 8-K | $9.98 $11.47 | ▲ +14.93% | ▲ +5.51% | $17.18 (+72.14%) |
US Market Status
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