See more : Syncona Limited (SYNC.L) Income Statement Analysis – Financial Results
Complete financial analysis of HireQuest, Inc. (HQI) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of HireQuest, Inc., a leading company in the Staffing & Employment Services industry within the Industrials sector.
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HireQuest, Inc. (HQI)
About HireQuest, Inc.
HireQuest, Inc. provides temporary staffing solutions in the United States. The company provides temporary staffing services, including skilled and semi-skilled labor and industrial personnel, clerical and administrative personnel, and construction personnel. As of December 31, 2021, the company had a network of approximately 216 franchisee-owned offices in 36 states and the District of Columbia. In addition, the company specializes in commercial drivers. It serves customers primarily in the construction, industrial/manufacturing, warehousing, hospitality, recycling/waste management, disaster recovery, logistics, auctioneering, construction, landscaping, and retail industries. The company was formerly known as Command Center, Inc. and changed its name to HireQuest, Inc. in September 2019.HireQuest, Inc. was founded in 2002 and is headquartered in Goose Creek, South Carolina.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 37.88M | 30.95M | 22.76M | 13.81M | 15.88M | 97.39M | 98.07M | 93.26M | 88.50M | 91.84M | 93.75M | 98.43M | 81.92M | 69.44M | 51.56M | 79.23M | 98.72M | 71.27M | 372.21K | 415.09K | 444.56K | 284.62K | 83.56K |
| Cost of Revenue | 0.00 | 2.04M | 170.55K | 0.00 | 0.00 | 72.45M | 72.64M | 69.58M | 64.73M | 66.32M | 69.50M | 73.54M | 63.28M | 52.29M | 38.58M | 59.67M | 72.17M | 51.05M | 159.83K | 0.00 | 0.00 | 15.34K | 0.00 |
| Gross Profit | 37.88M | 28.91M | 22.59M | 13.81M | 15.88M | 24.94M | 25.43M | 23.68M | 23.77M | 25.52M | 24.25M | 24.89M | 18.64M | 17.15M | 12.98M | 19.57M | 26.55M | 20.22M | 212.38K | 415.09K | 444.56K | 269.29K | 83.56K |
| Gross Profit Ratio | 100.00% | 93.41% | 99.25% | 100.00% | 100.00% | 25.61% | 25.93% | 25.39% | 26.85% | 27.79% | 25.86% | 25.29% | 22.76% | 24.69% | 25.18% | 24.70% | 26.89% | 28.37% | 57.06% | 100.00% | 100.00% | 94.61% | 100.00% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 22.71M | 12.78M | 13.27M | 8.67M | 12.24M | 23.43M | 5.20M | 3.31M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 12.68M | 14.66M | 19.37M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 1.20M | 98.00K | 94.00K | 33.00K | 449.00K | 7.00K | 16.15M | 18.46M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 242.43K | 91.11K | 846.46K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 23.91M | 12.87M | 13.36M | 8.70M | 12.69M | 23.43M | 21.35M | 21.77M | 20.60M | 18.49M | 19.53M | 22.04M | 17.31M | 12.92M | 14.75M | 20.21M | 25.98M | 18.67M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Expenses | 0.00 | 2.04M | 1.56M | 129.18K | 400.13K | 323.85K | 386.41K | 298.30K | 171.51K | 540.75K | 351.24K | 370.77K | 441.09K | 2.67M | 1.85M | 4.34M | 24.54M | 3.35M | 568.68K | 201.69K | 313.51K | 327.40K | 178.07K |
| Operating Expenses | 27.24M | 14.91M | 14.93M | 8.83M | 13.09M | 23.76M | 21.73M | 22.07M | 20.78M | 19.03M | 19.88M | 22.41M | 17.76M | 15.59M | 16.60M | 24.56M | 50.52M | 22.02M | 568.68K | 201.69K | 313.51K | 327.40K | 178.07K |
| Cost & Expenses | 27.24M | 14.91M | 15.10M | 8.83M | 13.09M | 96.21M | 94.38M | 91.65M | 85.51M | 85.35M | 89.38M | 95.95M | 81.03M | 67.88M | 55.18M | 84.22M | 122.70M | 73.08M | 568.68K | 201.69K | 313.51K | 327.40K | 178.07K |
| Interest Income | 263.00K | 247.00K | 412.46K | 712.00K | 279.59K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 87.89K | 28.49K | 0.00 | 0.00 | 61.97K | 0.00 |
| Interest Expense | 1.39M | 368.00K | 157.23K | 49.66K | 559.59K | 2.12K | 11.62K | 25.02K | 176.54K | 248.73K | 503.63K | 804.04K | 1.12M | 1.01M | 1.88M | 848.89K | 2.01M | 0.00 | 2.22K | 0.00 | 0.00 | 41.79K | 0.00 |
| Depreciation & Amortization | 2.79M | 2.04M | 1.55M | 129.18K | 400.13K | 92.61K | 386.41K | 298.30K | 171.51K | 540.75K | 351.24K | 370.77K | 431.43K | 569.91K | 786.14K | 868.21K | 1.53M | 347.65K | 58.10K | 0.00 | 0.00 | 0.00 | 21.55K |
| EBITDA | 11.65M | 16.28M | 9.20M | 6.71M | 8.29M | 7.19M | 4.08M | 1.90M | 3.16M | 6.22M | 3.93M | 3.69M | 1.51M | 21.00K | -2.40M | -4.15M | -4.05M | -1.46M | -196.47K | -201.69K | 131.06K | -42.78K | -72.96K |
| EBITDA Ratio | 30.75% | 52.59% | 62.43% | 45.47% | 24.79% | 1.55% | 4.16% | 2.04% | 3.57% | 7.65% | 5.03% | 2.90% | 1.62% | 6.09% | -4.58% | 9.67% | 1.32% | 2.18% | -52.79% | 51.41% | 29.48% | -15.03% | -87.31% |
| Operating Income | 10.64M | 16.04M | 7.66M | 4.98M | 2.78M | 1.18M | 3.70M | 1.61M | 2.99M | 6.49M | 4.37M | 2.48M | 886.54K | 1.56M | -3.62M | -16.75M | -23.97M | -1.80M | -196.47K | 213.40K | 131.06K | -42.78K | -94.50K |
| Operating Income Ratio | 28.09% | 51.82% | 33.67% | 36.06% | 17.54% | 1.21% | 3.77% | 1.72% | 3.38% | 7.06% | 4.66% | 2.52% | 1.08% | 2.24% | -7.02% | -21.14% | -24.28% | -2.53% | -52.79% | 51.41% | 29.48% | -15.03% | -113.09% |
| Total Other Income/Expenses | -2.86M | -2.17M | 4.83M | 1.12M | 191.49K | -2.12K | -11.62K | 477.04K | -82.17K | -1.06M | -1.29M | 38.22K | -944.83K | -2.10M | -469.28K | -11.78M | -2.06M | -615.62K | -3.65K | 0.00 | -131.06K | -41.79K | -21.55K |
| Income Before Tax | 7.78M | 13.87M | 12.49M | 6.10M | 2.98M | 1.18M | 3.68M | 1.58M | 2.81M | 5.43M | 3.08M | 2.52M | -58.29K | -548.90K | -4.09M | -28.53M | -47.72M | -4.81M | 354.76K | 0.00 | 0.00 | -84.57K | -116.05K |
| Income Before Tax Ratio | 20.54% | 44.81% | 54.87% | 44.18% | 18.74% | 1.21% | 3.76% | 1.70% | 3.18% | 5.91% | 3.28% | 2.56% | -0.07% | -0.79% | -7.93% | -36.01% | -48.34% | -6.75% | 95.31% | 0.00% | 0.00% | -29.71% | -138.87% |
| Income Tax Expense | 1.35M | 1.90M | 638.06K | 741.04K | 3.48M | 205.07K | 2.01M | 822.04K | 1.10M | -3.69M | 137.13K | 958.15K | -912.20K | 3.12M | 2.35M | 12.63M | 2.06M | 615.62K | 496.78K | -123.87K | -41.13K | 0.00 | -100.00 |
| Net Income | 6.14M | 12.46M | 11.85M | 5.36M | -289.98K | 974.29K | 1.68M | 759.33K | 1.71M | 9.13M | 2.94M | 1.56M | 853.90K | -1.56M | -5.96M | -17.62M | -26.04M | -2.42M | -200.12K | 123.87K | 41.13K | -84.57K | -115.95K |
| Net Income Ratio | 16.20% | 40.25% | 52.07% | 38.81% | -1.83% | 1.00% | 1.71% | 0.81% | 1.94% | 9.94% | 3.14% | 1.58% | 1.04% | -2.25% | -11.57% | -22.24% | -26.37% | -3.39% | -53.77% | 29.84% | 9.25% | -29.71% | -138.75% |
| EPS | 0.45 | 0.91 | 0.88 | 0.40 | -0.03 | 0.20 | 0.33 | 0.11 | 0.29 | 1.67 | 0.59 | 0.31 | 0.24 | -0.41 | -1.95 | -5.86 | -12.48 | -1.59 | -0.25 | -0.48 | 0.14 | -0.32 | -0.70 |
| EPS Diluted | 0.44 | 0.91 | 0.87 | 0.39 | -0.03 | 0.20 | 0.33 | 0.11 | 0.29 | 1.67 | 0.59 | 0.31 | 0.12 | -0.41 | -1.95 | -5.86 | -12.48 | -1.59 | -0.25 | -0.48 | 0.14 | -0.32 | -0.70 |
| Weighted Avg Shares Out | 13.73M | 13.65M | 13.49M | 13.54M | 11.59M | 4.85M | 5.04M | 5.20M | 5.36M | 5.47M | 4.98M | 4.97M | 4.74M | 3.79M | 3.07M | 3.00M | 2.09M | 1.52M | 796.98K | 292.98K | 305.12K | 266.67K | 166.67K |
| Weighted Avg Shares Out (Dil) | 13.80M | 13.72M | 13.61M | 13.65M | 11.59M | 4.86M | 5.11M | 5.26M | 5.36M | 5.47M | 4.98M | 4.97M | 5.11M | 3.79M | 3.07M | 3.00M | 2.09M | 1.52M | 796.98K | 292.98K | 305.12K | 266.67K | 166.67K |
HireQuest: Asset-Light Franchising, Strategic Acquisitions, And Profitable Growth
HireQuest stands out in the staffing industry because it has a proven asset-light franchise model, an aggressive acquisition strategy, management talent, and material ownership in the common stock. Despite recent price underperformance, the company's impressive prior four-year profitable operations, solid...
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HireQuest, Inc. to Hold Third Quarter 2024 Financial Results Conference Call on Thursday, November 7, 2024
GOOSE CREEK, SC / ACCESSWIRE / October 31, 2024 / HireQuest, Inc. (Nasdaq:HQI), a national franchisor of direct dispatch, executive search, and commercial staffing services, today announced that it will hold a conference call on Thursday, November 7, 2024, at...
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