Hirequest Inc
hirequest.comWhat Do They Do?
Provides employers with temporary staffing and recruitment through franchised offices, including direct-dispatch workers for construction and light-industrial jobs and executive, managerial and professional placements.
10-K for FY2025, filed Mar 31, 2026We are a nationwide franchisor of temporary staffing offices providing direct-dispatch and commercial staffing solutions in the light…View ↗
In 2025, our franchisees operated under the trade names “HireQuest Direct,” “Snelling,” “DriverQuest,” “HireQuest Health,” "Northbound…View ↗
We are a nationwide franchisor of offices providing direct-dispatch, executive search, commercial staffing, and permanent placement…View ↗
How Do They Make Money?
Franchisees pay fees tied to staffing sales, funded payroll or recruiting receipts; fees are billed weekly for most brands and monthly for MRI. Owned-location staffing customers are invoiced weekly under short payment terms.
10-K for FY2025, filed Mar 31, 2026Our primary source of revenue comes from royalty fees based on the operation of our franchised offices. Royalty fees from our HireQuest…View ↗
For franchised locations, we recognize revenue when we satisfy our performance obligations. Our performance obligations primarily take the…View ↗
For owned locations, we account for revenue when both parties to the contract have approved the contract, the rights and obligations of the…View ↗
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10-K for FY2025, filed Mar 31, 2026
FY2025 revenue by product or service ↗
$30.6M
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10-K for FY2025, filed Mar 31, 2026
$30.6M ↗
| Segment | Share | Revenue | How money arrives |
|---|---|---|---|
|
Royalty
Licensed
10-K for FY2025, filed Mar 31, 2026 |
95%
FY2022: 93%
|
Royalty, FY2025
$29M Sources
|
Licensed |
|
Service
Usage-based
|
5.4%
FY2022: 6.6%
|
Service, FY2025
$1.6M Sources
|
Usage-based |
Who Are Their Customers?
Employers—from small local businesses to large multinationals—buy staffing and recruitment through franchisee-run offices, which take orders and provide the services. Their customers span construction and other industrial work, warehousing, hospitality, and professional hiring.
10-K for FY2025, filed Mar 31, 2026These temporary employees served thousands of customers, primarily in the construction, industrial/manufacturing, warehousing, hospitality…View ↗
Our primary source of revenue comes from royalty fees based on the operation of our franchised offices. Royalty fees from our HireQuest…View ↗
We are a nationwide franchisor of temporary staffing offices providing direct-dispatch and commercial staffing solutions in the light…View ↗
Do Revenues Turn Into Profits?
Yes. It kept 21 cents of every revenue dollar as net income in FY2025.
10-K for FY2025, filed Mar 31, 2026
How Are They Changing?
10-Q for Q2 FY2026, filed Aug 11, 2026
Open tableView ↗
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May 12, 2026
Proposes to acquire assets of TrueBlue’s People-Ready segment
Sources
8-K, filed May 12, 2026
On May 12, 2026, HireQuest, Inc. ("the Company") announced that it has submitted to the Board of Directors of TrueBlue, Inc. ("TrueBlue") a…View ↗
Growing. Revenue grew 36% in 4 years, from $22.5M in FY2021 to $30.6M in FY2025, about 8% a year.
MRI franchise transfer
The earlier report described MRI as part of HireQuest’s franchise portfolio for executive, managerial and professional recruiting and contract staffing. The latest report says it transferred MRINetwork’s non-contract staffing assets and franchise agreements to a separately owned operation, while retaining contract-staffing assets.
10-K for FY2022, filed Mar 21, 2023 10-K for FY2025, filed Mar 31, 2026On December 1, 2025, HQ MRI Corporation ("HQ MRI"), a wholly-owned subsidiary of the Company entered into a contribution agreement (the…View ↗
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