HireQuest Q2 revenue rises as staffing demand recovers

Hirequest

10/08/2026 21:26

Overview
U.S. staffing franchisor's Q2 revenue rose 6% yr/yr to $8.1 mln
Adjusted EBITDA for Q2 climbed to $4.6 mln from $3.3 mln last year
Company says results driven by stabilizing job market and recovering staffing demand
HireQuest intends to pay $0.06 quarterly dividend, subject to board discretion and business results

Outlook
Company says franchisees are positioned to capture demand as market conditions improve

Result Drivers
MARKET RECOVERY - Co said results benefited from a stabilizing job market and recovering demand for temporary staffing
COST REDUCTION - SG&A expenses fell 31.9% yr/yr, supporting higher profitability
DIVESTITURE IMPACT - Pro forma for the MRINetwork Assets Divestiture, revenue and system-wide sales growth rates were higher than reported

Company press release: ID:nPn1jqqc9a

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$8.10 mln
$7.08 mln (2 Analysts)
Q2 Adjusted EBITDA
Beat
$4.61 mln
$3.28 mln (2 Analysts)

Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the employment services peer group is "buy."
Wall Street's median 12-month price target for Hirequest Inc is $15.00, about 13% above its August 7 closing price of $13.28
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 21 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)