HireQuest, Inc.
For the period ended Mar 31, 2026. Filed May 12, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2026 · Filed May 12, 2026
HQI$17.89-1.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Three months ended | ||||
|---|---|---|---|---|
| (in thousands) · March 31, 2026 · March 31, 2025 | ||||
| Cash flows from operating activities | ||||
| Net income | $1,560 | $1,363 | ||
| Loss from discontinued operations | 9 | 72 | ||
| Net income from continuing operations | 1,569 | 1,435 | ||
| Adjustments to reconcile net income to net cash provided by operations: | ||||
| Depreciation and amortization | 778 | 734 | ||
| Non-cash interest | 7 | 4 | ||
| Provision for credit losses | (9) | 107 | ||
| Stock based compensation | 148 | 239 | ||
| Deferred taxes | (89) | 280 | ||
| Gain on divestiture | (248) | - | ||
| Gain on disposition of intangible assets | - | (103) | ||
| Changes in operating assets and liabilities: | ||||
| Accounts receivable | (5,377) | 127 | ||
| Prepaid expenses, deposits, and other assets | (597) | (1,211) | ||
| Prepaid workers' compensation | (107) | (114) | ||
| Accounts payable | 375 | 154 | ||
| Risk management incentive program liability | 336 | 400 | ||
| Other current liabilities | (95) | (229) | ||
| Accrued payroll, benefits and payroll taxes | 161 | 343 | ||
| Due to franchisees | 3,453 | 196 | ||
| Workers' compensation claims liability | (46) | (436) | ||
| Net cash provided by operating activities - continuing operations | 259 | 1,926 | ||
| Net cash used in operating activities - discontinued operations | (9) | (72) | ||
| Net cash provided by operating activities | 250 | 1,854 | ||
| Cash flows from investing activities | ||||
| Purchase of property and equipment | - | (22) | ||
| Proceeds from payments on notes receivable | 148 | 362 | ||
| Capital contribution to unconsolidated affiliate | (192) | - | ||
| Cash issued for notes receivable | (398) | (20) | ||
| Purchase of deferred compensation plan investments | (25) | - | ||
| Net change in franchisee deposits | 32 | (4) | ||
| Net cash (used in) provided by investing activities | (435) | 316 | ||
| Cash flows from financing activities | ||||
| Payments on term loan payable | - | (88) | ||
| Net payments to revolving line of credit | - | (1,372) | ||
| Repurchase of shares | (1,857) | - | ||
| Payment of dividends | (838) | (842) | ||
| Net cash used in financing activities | (2,695) | (2,302) | ||
| Net decrease in cash | (2,880) | (132) | ||
| Cash, beginning of period | 3,895 | 2,219 | ||
| Cash, end of period | $1,015 | $2,087 | ||
| Supplemental disclosure of non-cash investing and financing activities | ||||
| Notes receivable issued for the sale of intangible assets | $ | - | $950 | |
| Contribution of franchise agreements and net assets for investment in unconsolidated affiliate | $195 | $ | - | |
| Supplemental disclosure of cash flow information | ||||
| Interest paid | $1 | $137 | ||
| Income taxes paid, net of refunds | $7 | $5 | ||
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