HireQuest Q4 revenue falls

Hirequest

30/03/2026 21:23

Overview

U.S. staffing franchisor's Q4 revenue fell 13% yr/yr

Adjusted EBITDA for Q4 was $3.4 million

Company announced $20 mln share repurchase program in December

Outlook

Company sees a stabilizing job market in 2026, expecting neither a hiring boom nor bust

Customers are prioritizing flexibility, fit, and skilled work that cannot be automated

Company intends to pay a $0.06 cash dividend quarterly, subject to board discretion and business results

Result Drivers

STAFFING INDUSTRY CHALLENGES - Co said continued challenging economic environment for staffing industry weighed on results, per CEO Rick Hermanns

MRINETWORK RESTRUCTURING - Strategic change in MRINetwork ownership structure impacted Q4, with HireQuest retaining contract staffing and divesting executive search business

LOWER EXPENSES - SG&A and workers compensation expenses declined from prior year, supporting profitability

Company press release: ID:nPn9YWMYXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$7 mln
$7.41 mln (2 Analysts)
Q4 Adjusted EBITDA
Beat
$3.40 mln
$3.17 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 40.8% above its March 27 closing price of $9.94

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 17 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.)