HireQuest Posts High-Teens System-Wide Sales Growth in Early Q4

System-wide sales at HireQuest, Inc. grew at a high-teens rate year over year through early Q4 2026, while third-quarter revenue increased 4% to $8.8 million from $8.5 million.

Revenue excluding sales tied to the prior-year MRI divestiture rose 11.1% on a pro forma basis. Net income declined to $1.7 million from $2.3 million. The quarter included a $1.3 million noncash write-down tied to a repossessed franchise location.

Adjusted net income was $3 million, and adjusted EBITDA was $4.5 million. Management also flagged higher workers’ compensation expense tied to medical inflation and larger claims.

Management cited improving staffing demand, restrictive immigration policies and stronger execution with national accounts as factors supporting sales. It also pointed to app-enabled recruiting beyond branch locations.