--- title: "HireQuest | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 6.523 M" type: "News" locale: "en" url: "https://longbridge.com/en/news/286150793.md" datetime: "2026-05-12T20:16:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/286150793.md) - [en](https://longbridge.com/en/news/286150793.md) - [zh-HK](https://longbridge.com/zh-HK/news/286150793.md) --- # HireQuest | 8-K: FY2026 Q1 Revenue Misses Estimate at USD 6.523 M Revenue: As of FY2026 Q1, the actual value is USD 6.523 M, missing the estimate of USD 6.745 M. EPS: As of FY2026 Q1, the actual value is USD 0.11. EBIT: As of FY2026 Q1, the actual value is USD 1.383 M. ### Outlook HireQuest, Inc. expects to benefit from a stabilizing job market and plans to leverage its franchise model to drive consistently profitable results throughout the year. The company maintains a strong balance sheet with no debt and is committed to efficient capital allocation and returning capital to shareholders . ### Revenue #### Franchise Royalties Franchise royalties were $6.1 million for the first quarter of 2026, compared to $7.0 million in the prior-year period. The first quarter of 2025 included approximately $500,000 in franchise royalties related to MRINetwork assets which were divested on January 1, 2026 . #### Service Revenue Service revenue was $462,000 for the first quarter of 2026, compared to $512,000 in the prior-year period. The first quarter of 2025 included approximately $74,000 in service revenue related to MRINetwork assets . #### Total Revenue Total revenue was $6.5 million for the first quarter of 2026, compared to $7.5 million in the prior year period, marking a decrease of 12.7% . #### System-wide Sales System-wide sales decreased by 13.4% to $102.6 million for the first quarter of 2026, compared to $118.4 million for the first quarter of 2025. The first quarter of 2025 included approximately $16.0 million in system-wide sales related to the MRINetwork assets divestiture . ### Operational Metrics #### Selling, General and Administrative (SG&A) Expenses Selling, General and Administrative (SG&A) expenses were $4.3 million in the first quarter of 2026, compared to $5.3 million in the first quarter of 2025, an 18.8% decrease. The first quarter of 2025 included approximately $700,000 in SG&A expenses related to the MRINetwork assets divestiture . #### Workers’ Compensation Expense Workers’ Compensation Expense was approximately $39,000 in the first quarter of 2026, compared to approximately $28,000 in the prior-year period . #### Depreciation and Amortization Depreciation and Amortization was approximately $778,000 in the first quarter of 2026, compared to $734,000 in the first quarter of 2025 . #### Income from Operations Income from operations was $1,476 thousand in the first quarter of 2026, compared to $1,483 thousand in the first quarter of 2025 . #### Interest and Other Financing Expense Interest and Other Financing Expense was approximately $8,000 in the first quarter of 2026, compared to $144,000 for the first quarter of 2025 . #### Net Income Net income was $1.6 million for the first quarter of 2026, compared to $1.4 million in the first quarter of 2025 . #### Adjusted Net Income Adjusted net income was $1.8 million for the first quarter of 2026, consistent with $1.8 million in the first quarter of 2025 . #### Adjusted EBITDA Adjusted EBITDA was $2.7 million for the first quarter of 2026, compared to $2.8 million in the first quarter of 2025 . ### Balance Sheet and Capital Structure #### Cash Cash was $1.0 million as of March 31, 2026, compared to $3.9 million as of December 31, 2025 . #### Total Assets Total assets were $91.1 million as of March 31, 2026, compared to $88.2 million as of December 31, 2025 . #### Total Liabilities Total liabilities were $23.8 million as of March 31, 2026, compared to $19.9 million as of December 31, 2025 . #### Working Capital Working capital was $32.5 million as of March 31, 2026, compared to $33.0 million as of December 31, 2025 . #### Availability under Line of Credit Availability under the line of credit was approximately $40.3 million as of March 31, 2026, based on eligible collateral . #### Dividends HireQuest, Inc. paid a quarterly cash dividend of $0.06 per share on March 16, 2026, and intends to pay a $0.06 cash dividend on a quarterly basis, subject to board discretion . ### Cash Flow No specific cash flow data (e.g., operating cash flow, free cash flow) is provided in the reference text . ### Related Stocks - [HQI.US](https://longbridge.com/en/quote/HQI.US.md) ## Related News & Research - [HireQuest Q1 revenue falls on asset divestiture](https://longbridge.com/en/news/286152046.md) - [HIREQUEST ISSUES OFFER TO THE BOARD OF DIRECTORS OF TRUEBLUE, INC. | HQI Stock News](https://longbridge.com/en/news/286150604.md) - [The Home Depot Announces First Quarter Fiscal 2026 Results; Reaffirms Fiscal 2026 Guidance | HD Stock News](https://longbridge.com/en/news/286890512.md) - [ONWARD Medical to Announce First Quarter 2026 Results on May 26, 2026 | ONWRY Stock News](https://longbridge.com/en/news/286858298.md) - [LOWE'S REPORTS FIRST QUARTER 2026 SALES AND EARNINGS RESULTS | LOW Stock News](https://longbridge.com/en/news/287043063.md)