HireQuest Q1 revenue falls on asset divestiture

Hirequest

12/05/2026 21:23

Overview

U.S. staffing franchisor's Q1 revenue fell 13% yr/yr due to MRINetwork asset divestiture

Adjusted net income per share was unchanged from prior year at $0.13

Adjusted EBITDA declined slightly from Q1 2025

Outlook

HireQuest says it is positioned to benefit from a stabilizing job market

Company intends to pay a $0.06 cash dividend on a quarterly basis, subject to board discretion

Result Drivers

ASSET DIVESTITURE - Co said Q1 revenue and system-wide sales declined due to the divestiture of MRINetwork assets

LOWER SG&A EXPENSES - SG&A expenses fell due to the absence of MRINetwork-related costs

GAIN ON DIVESTITURE - Q1 income included a gain from the MRINetwork asset sale

Company press release: ID:nPn9hVBnra

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$6.5 mln
$6.75 mln (2 Analysts)
Q1 Adjusted EBITDA
Miss
$2.7 mln
$2.90 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 $14.00, about 20.1% above its May 11 closing price of $11.66

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 22 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)