HireQuest, Inc.
HireQuest, Inc. operates a franchise-based staffing and recruiting platform that places temporary, temp-to-hire, and permanent workers across construction, light industrial, healthcare, driving, and professional roles. The company earns revenue through a network of franchisee-owned offices and a smaller number of company-owned or licensed locations, with multiple brands tailored to different labor niches.
Fiscal year 2025 · change from previous year
Development 2020–2025
Business
Share of revenueShort-duration labor placements, mainly for construction and light industrial customers.
Temp, temp-to-hire, and administrative placements through Snelling and HireQuest.
Recruitment services for managerial, executive, and professional roles, plus contract staffing.
Niche placements in driving, healthcare, dental, and skilled construction roles.
Royalties, service revenue, and interest on overdue receivables tied to the franchise network.
Products
Reported · share of revenue- Hirequest Direct48.2 %
- Snelling and Hire Quest29.6 %
- Northbound MRI and Search Path18.5 %
- Driver Quest and Trade Corp2.9 %
- Hirequest Health0.7 %
Source: 10-K FY2025, revenue the company reports per product line (SEC XBRL). Shares are of the lines shown and add up to 100 %.
Customers
HireQuest serves employers that need flexible labor quickly, especially contractors, industrial operators, and businesses with variable staffing needs. Its brands also target specialized end markets such as healthcare, dental, transportation, and professional recruiting, where speed and candidate fit matter more than broad general staffing coverage.
Buy daily-work and short-term labor to cover project spikes, absenteeism, and seasonal demand.
Use longer-term staffing for clerical and administrative coverage where flexibility matters.
Purchase skilled personnel for clinical and support roles where credentialing and fit are important.
Hire commercial and non-CDL drivers to address route coverage and labor shortages.
Engage search brands for managerial, executive, and professional recruitment assignments.
Strategy
HireQuest is pursuing both organic growth and acquisition-led expansion. Management is focused on growing existing client relationships, winning national and global accounts, opening new franchise locations, and using tuck-in acquisitions to add brands and markets.
More offices and deeper client penetration directly expand system-wide sales and royalties.
Larger accounts can stabilize demand and improve scale across the franchise network.
Acquisitions can add brands, niche capabilities, and geographic reach faster than organic expansion.
Geography
As of June 30, 2025, HireQuest had 413 franchisee-owned offices and 1 company-owned office across 43 U.S. states, the District of Columbia, and 13 countries outside the United States. The network footprint matters because office count is directly tied to system-wide sales, while the international presence adds diversification but also increases operational complexity across franchise markets.
Risks
HireQuest’s results depend on office count, franchisee performance, and demand in cyclical end markets such as construction and industrial staffing. The company also faces acquisition integration risk, workers’ compensation exposure, and credit risk on customer receivables, while its service revenue can fluctuate quarter to quarter based on overdue accounts and franchise charge-backs.
Construction, industrial, and staffing demand can weaken when customers reduce labor spend.
Royalty and service revenue depend on active revenue-generating offices.
Acquisitions can lose value if acquired brands underperform or market conditions weaken.
Exposure: MRI acquisition-related impairment noted in 2025
Staffing businesses bear claims and insurance cost volatility tied to temporary labor placements.
Exposure: Temporary employees across multiple industries
Late-paying customers can reduce cash conversion and create interest/service revenue volatility.
Exposure: Overdue accounts receivable and charge-backs
Accounting
Judgemental itemsInterest income is included in service revenue and varies with the mix of aged accounts.
Impact: Can create quarter-to-quarter volatility unrelated to core staffing demand
Acquired brands may require write-downs if performance weakens.
Impact: Can materially reduce operating income in the period of impairment
Claims and insurance costs are judgmental and can change with loss experience.
Impact: Affects operating expenses and profitability
Office openings, closures, and consolidations change the revenue base.
Impact: Affects royalty revenue growth and system-wide sales trends
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Last updated: 24/09/2026