Hirequest (HQI) financial statements
Hirequest reported revenue of $31M in fiscal 2025, down 11.6% a year over 9 years.
Net income was $6M and the operating margin 20.5%, against 1.2% in 2016.
The diluted share count rose 166% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Hirequest's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $93M | $98M | $12M | $16M | $14M | $23M | $31M | $38M | $35M | $31M |
| Cost of revenue | $70M | $73M | $72M | — | $0 | $170,548 | — | — | — | — |
| Gross profit | $24M | $25M | $25M | — | $14M | $23M | — | — | — | — |
| Selling, general and admin | $22M | $21M | $5M | $13M | $9M | $13M | $13M | $24M | $21M | $21M |
| Operating income | $1M | $4M | $7M | $3M | $5M | $8M | $16M | $11M | $4M | $6M |
| Interest expense | $25,018 | $11,619 | $19,697 | $559,585 | $49,664 | $157,000 | $368,000 | $1M | $923,000 | $307,000 |
| Pre-tax income | $1M | $4M | $7M | $3M | $6M | $12M | $14M | $8M | $4M | $7M |
| Income tax | $522,751 | $2M | $21,029 | $3M | $741,038 | $635,000 | $2M | $1M | $221,000 | $100,000 |
| Net income | $556,553 | $2M | $7M | -$289,979 | $5M | $12M | $12M | $6M | $4M | $6M |
| EPS (diluted) | $0.11 | $0.33 | $0.72 | -$0.03 | $0.39 | $0.87 | $0.91 | $0.45 | $0.26 | $0.45 |
| Diluted shares | 5M | 5M | 10M | 12M | 14M | 14M | 14M | 14M | 14M | 14M |
| Gross margin | 25.4% | 25.9% | 202.3% | — | 100.0% | 100.3% | — | — | — | — |
| Operating margin | 1.2% | 3.8% | 56.1% | 17.5% | 36.1% | 34.0% | 51.8% | 28.1% | 12.6% | 20.5% |
| Net margin | 0.6% | 1.7% | 57.7% | -1.8% | 38.8% | 52.6% | 40.2% | 16.2% | 10.6% | 20.7% |
Balance sheet
Fiscal years, from Hirequest's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3M | $8M | $1M | $4M | $14M | $1M | $3M | $1M | $2M | $4M |
| Receivables | $10M | $9M | $21M | $28M | $21M | $38M | $46M | $44M | $42M | $39M |
| Total current assets | $15M | $18M | $22M | $37M | $39M | $42M | $52M | $51M | $49M | $48M |
| Property, plant and equipment | $432,857 | $372,145 | $2M | $2M | $3M | $4M | $4M | $4M | $4M | $4M |
| Goodwill | $4M | $4M | — | — | — | $0 | $6M | $6M | $2M | $2M |
| Total assets | $24M | $25M | $24M | $47M | $49M | $77M | $103M | $104M | $94M | $88M |
| Total current liabilities | $4M | $5M | $13M | $11M | $9M | $21M | $37M | $36M | $24M | $15M |
| Long-term debt | — | — | — | — | — | $3M | — | — | — | — |
| Total liabilities | $6M | $6M | $13M | $16M | $13M | $31M | $45M | $41M | $29M | $20M |
| Shareholders' equity | $18M | $13M | $11M | $31M | $36M | $47M | $58M | $63M | $65M | $68M |
| Net debt | -$3M | -$8M | -$1M | -$4M | -$14M | $2M | -$3M | -$1M | -$2M | -$4M |
Cash flow
Fiscal years, from Hirequest's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$464,207 | $5M | $5M | $5M | $11M | $17M | $17M | $11M | $12M | $12M |
| Stock-based compensation | $147,168 | $156,790 | $0 | $758,053 | $1M | $2M | $2M | $2M | $2M | $936,000 |
| Dividends paid | — | — | — | $0 | $1M | $3M | $3M | — | — | — |
| Share buybacks (net) | -$2M | -$375,218 | $0 | -$8M | -$146,465 | $0 | — | — | $0 | -$377,000 |
| Net borrowing | — | — | — | — | — | $3M | $12M | -$2M | -$557,000 | -$88,000 |
| Dividends per share | — | — | — | — | $0.10 | $0.23 | $0.24 | — | — | — |
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What was Hirequest's revenue in 2025?
$31M in fiscal 2025, from its 10-K filing.
From Hirequest's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.