HireQuest — Third Quarter 2026 Earnings Summary

HireQuest reported third-quarter 2026 net income of $1.7 million, or $0.12 per diluted share, a decrease from $2.3 million in the same period of 2025. Total revenue for the quarter reached $8.8 million, representing a 4.0% increase year-over-year, while adjusted EBITDA remained consistent at $4.5 million. The decline in net income was primarily driven by a $1.3 million write-down of notes receivable related to a franchised location repossession and higher workers' compensation expenses. System-wide sales for the quarter totaled $131.2 million, with pro forma growth of 11.4% after accounting for the MRINetwork Assets Divestiture.