HireQuest, Inc. (HQI) Revenue History
Annual and quarterly revenue from 2013 to 2024
Compound Annual Growth Rate (CAGR)
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HQI Revenue Growth
Revenue Breakdown (FY 2024)
HQI's revenue distribution by segment and geography for fiscal year 2024
By Product/Segment
HQI Revenue Analysis (2013–2024)
As of May 8, 2026, HireQuest, Inc. (HQI) generated trailing twelve-month (TTM) revenue of $31.7 million, reflecting moderate decline in growth of -9.8% year-over-year. The most recent quarter (Q3 2025) recorded $8.5 million in revenue, up 11.2% sequentially.
Looking at the longer-term picture, HQI's 5-year compound annual growth rate (CAGR) stands at +16.9%, indicating consistent double-digit revenue growth. The company achieved its highest annual revenue of $98.1 million in 2017.
Revenue diversification analysis shows HQI's business is primarily driven by Royalty (94%), and Service (6%). With over half of revenue concentrated in Royalty, the company maintains significant focus in this area while developing other growth vectors.
When compared to Industrials sector peers including KELYA (-30.7% YoY), KFRC (-3.9% YoY), and TBI (-18.8% YoY), HQI has underperformed the peer group in terms of revenue growth. Compare HQI vs KELYA →
HQI Revenue vs Peers
Revenue metrics vs comparable public companies
| Company | TTM Revenue | YoY Growth | 5Y CAGR | Op. Margin | Compare |
|---|---|---|---|---|---|
| HQICurrent | $32M | -9.8% | +16.9% | 12.6% | |
 KELYA | $4.3B | -30.7% | -1.2% | -1.6% | |
 KFRC | $1.3B | -3.9% | -1.0% | 3.8% | |
 TBI | $1.6B | -18.8% | -2.6% | -1.7% | |
 MAN | $18.0B | +0.6% | -0.0% | 1.3% | |
 ADP | $20.6B | +6.9% | +7.1% | 26.3% |
HQI Historical Revenue Data (2013–2024)
| Year | Revenue | YoY % | Gross Profit | Gross Margin | Op. Income | Op. Margin |
|---|---|---|---|---|---|---|
| 2024 | $34.6M | -8.7% | $34.6M | 100.0% | $4.4M | 12.6% |
| 2023 | $37.9M | +22.4% | $37.9M | 100.0% | $10.6M | 28.1% |
| 2022 | $31.0M | +37.4% | $31.0M | 100.0% | $16.0M | 51.8% |
| 2021 | $22.5M | +63.1% | $22.5M | 100.0% | $7.7M | 34.0% |
| 2020 | $13.8M | -13.0% | $13.8M | 100.0% | $5.0M | 36.1% |
| 2019 | $15.9M | -83.7% | $15.9M | 100.0% | $2.8M | 17.5% |
| 2018 | $97.4M | -0.7% | $24.9M | 25.6% | $1.2M | 1.2% |
| 2017 | $98.1M | +5.2% | $25.4M | 25.9% | $3.7M | 3.8% |
| 2016 | $93.3M | +5.4% | $23.7M | 25.4% | $1.6M | 1.7% |
| 2015 | $88.5M | -3.6% | $23.8M | 26.9% | $3.0M | 3.4% |
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Start ComparisonHQI — Frequently Asked Questions
Quick answers to the most common questions about buying HQI stock.
Is HQI's revenue growth accelerating or slowing?
HQI revenue declined -9.8% year-over-year, contrasting with the 5-year CAGR of +16.9%. TTM revenue fell to $32M. This reverses the prior growth trend.
What is HQI's long-term revenue growth rate?
HireQuest, Inc.'s 5-year revenue CAGR of +16.9% reflects the variable expansion pattern. Current YoY growth of -9.8% is below this long-term average.
How is HQI's revenue distributed by segment?
HQI reports revenue by product line and geographic region. Annual and quarterly breakdowns from 2013-2024 are available for download. Segment mix reveals concentration and diversification trends.