HireQuest shares surge 22.69% premarket after Q3 earnings and revenue beat, improved profitability.

HireQuest (HQI) surged 22.69% in premarket trading following the release of its Q3 2025 financial results, which highlighted a net income of $2.3 million (up from a $2.2 million loss in the prior-year period) and adjusted net income of $3.4 million ($0.24 per share), exceeding analyst estimates. The company also reported a 5.7% decline in SG&A expenses and a sharp reduction in interest costs to $63,000 (vs. $268,000 in 2024), while maintaining a $0.06 quarterly dividend. Despite a 9.8% year-over-year revenue decline and 10.1% drop in system-wide sales, management emphasized disciplined cost control, franchise model resilience, and early signs of recovery in key segments like temporary staffing. The earnings beat (71.43% above estimates) and improved liquidity metrics, including $42.5 million in available credit, likely drove the sharp premarket rally as investors reacted to the turnaround in profitability and operational efficiency.