HireQuest Inc 2026年季度报告

UNITED STATESSECURITIES AND EXCHANGE COMMISSIONWashington, DC 20549 FORM 10-Q ☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period endedMarch 31, 2026 or ☐TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File Number001-38513 91-2079472 (I.R.S. employer identification no.) 111 Springhall Drive, Goose Creek, SC 29445(Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code:(843) 723-7400 Securities registered pursuant to Section 12(b) of the Act: HQI The NASDAQ Stock Market LLCName of each exchange on which registered Common Stock, $0.001 par valueTitle of each class Trading Symbol(s) Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports) and (2) has been subject to such filing requirements for the past 90 days. Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files). Yes☒No☐ Indicate by check mark whether the Registrant is a large accelerated filer☐, an accelerated filer☐, a non-accelerated filer☒, asmaller reporting company☒, or an emerging growth company☐(as defined in Rule 12b-2 of the Exchange Act). If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes☐No☒ Number of shares of issuer's common stock outstanding atMay 11,2026:13.9million HireQuest, Inc.Table of Contents PART I. FINANCIAL INFORMATION Item 1.Financial Statements (unaudited)Condensed Consolidated Balance SheetsCondensed Consolidated Statements of IncomeCondensed Consolidated Statements of Changes in Stockholders' EquityCondensed Consolidated Statements of Cash FlowsNotes to Condensed Consolidated Financial StatementsItem 2.Management’s Discussion and Analysis of Financial Condition and Results of OperationsItem 3.Quantitative and Qualitative Disclosures about Market RiskItem 4.Controls and Procedures PART II. OTHER INFORMATION Item 1.Legal Proceedings26Item 1A.Risk Factors26Item 2.Unregistered Sales of Equity Securities and Use of Proceeds26Item 5.Other Information26Item 6.Exhibits26Signatures27 Table of Contents PART I. FINANCIAL INFORMATION HireQuest, Inc.Condensed Consolidated Balance Sheets(unaudited) HireQuest, Inc.Condensed Consolidated Statements of Income(unaudited) HireQuest, Inc.Condensed Consolidated Statements of Cash Flows(unaudited) HireQuest, Inc.Notes to Condensed Consolidated Financial Statements(unaudited) Note 1 - Overview and Summary of Significant Accounting Policies Nature of BusinessHireQuest, Inc., together with its subsidiaries, (“HQI,”the “Company,” “we,”“us,” or “our”) is a nationwide franchisor of offices providing direct-dispatch, executive search, and commercial staffing solutions primarily in the light industrial and blue-collarsegments of the staffing industry and traditional commercial staffing. Our franchisees provide various types of temporary personnelthroughtwo primary business models operating under the trade names“HireQuest Direct”,“HireQuest”,“Snelling”,“DriverQuest”,“HireQuest Health”, "TradeCorp", "SearchPath", “Northbound Executive Search”, "Management RecruitersInternational", "Sales Consultants" and "MRI".HireQuest Direct specializes primarily in unskilled and semi-skilled industrial andconstruction personnel. HireQuest, Snelling and TradeCorp specialize primarily in skilled and semi-skilled industrial personnel,clerical and administrative personnel, and permanent placement services. DriverQuest specializes in both commercial and non-CDL drivers serving a variety of industries and applications. HireQuest Health specializes in skilled personnel in the medical anddental industries.Northbound Executive Search, MRI, SearchPath, and Sales Consultants specializein executive placement andconsultant services. On December 1, 2025, HQ MRI Corporation (“HQ MRI”), a wholly-owned subsidiary of the Company,entered into a ContributionAgreement with MRINetwork Operations (“MRINO”), which became effective and closed on January 1, 2026. Under thisagreement, HQ MRI contributed certain assets and liabilities associated with its permanent placement franchise base, includingthose necessary for day-to-day operations, in exchange for approximately 40% of the owners