Forensic Analysis · Professional & Commercial Services · as of Sep 24, 2026

Hirequest, Inc. (HQI)

A forensic read on Hirequest, Inc. built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

C · Mixed — selective

Forensic grade

Safe

Financial health

16.7

Distress distance

Clean

Earnings quality

Forensic signals

30.4

P / E (ttm)

9.3%

ROE

$254M

Market cap

1.64%

Dividend yield

-11.4%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (red flags, auditor quality, say on pay, board independence, going concern, valuation). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Hirequest, Inc. earns a C (Mixed — selective) forensic quality grade, and its balance-sheet distress test reads 16.7, placing it in the Safe zone. 3 forensic signals were flagged in its latest SEC filings, led by goodwill impairments.

What the filings flag

$5M

FY2024–FY2024

Goodwill impairments. Took $5M of goodwill writedowns across 1 year (FY2024 ($5M)) — about 131% of net income over the span. A large writedown means an acquisition turned out worth far less than was paid — a real mark against M&A discipline.

7.8%

FY2025

Return on invested capital. Return on invested capital is 7.8% in the latest fiscal year, against 13% in FY2023, having run between 5.6% and 12.9% across FY2023–FY2025 with no direction held. The capital base behind it barely moved across FY2023–FY2025 ($68M to $73M, +7%), so there has been little new capital for that return to be earned on.

+0.6%/yr

FY2023–FY2025

Share count. Diluted share count changed +1% over the last 2 years to FY2025 (+0.6%/yr). Roughly flat — buybacks ($377,000) are about offsetting stock comp ($936,000), not shrinking the count. Per-share value isn't being meaningfully helped or hurt by the count.

Key fundamentals

Latest Revenue$30.6M

Revenue Growth YoY-11.4%

Revenue CAGR (2yr)-10.1%

Net Margin20.7%

Free Cash Flow$12.0M

Return on Equity9.3%

The forensic grade and screens above are free — no account needed. Want the AI investment read on top — the 0–100 rating, thesis, bull-vs-bear, red flags and the 12-month scenario, written from Hirequest, Inc.'s actual 10-K/10-Q/8-K filings?

Generate the AI investment read →

No credit card · informational only, not investment advice · see the track record

← Browse all forensic stock analyses

Data from SEC EDGAR public filings · metrics as of Sep 24, 2026. Forensic signals flag probability, not certainty.