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Side-by-side financial comparison of BGSF, INC. (BGSF) and HireQuest, Inc. (HQI). Click either name above to swap in a different company.
BGSF, INC. is the larger business by last-quarter revenue ($22.0M vs $7.0M, roughly 3.1× HireQuest, Inc.). HireQuest, Inc. runs the higher net margin — 22.8% vs -5.3%, a 28.1% gap on every dollar of revenue. On growth, BGSF, INC. posted the faster year-over-year revenue change (-9.4% vs -13.0%). Over the past eight quarters, BGSF, INC.'s revenue compounded faster (-5.3% CAGR vs -8.6%).
BGSF Inc. is a leading U.S.-headquartered workforce solutions firm that provides tailored staffing, talent recruitment, and end-to-end workforce management services. It serves core segments including information technology, healthcare, professional administration, light industrial, and creative industries, catering to small, mid-sized and large enterprise clients across North America.
Quest, also known as Quest - Hire a Hero, is a Singapore-based technology company founded in 2021 that operates an AI-powered on-demand services marketplace. The platform connects users with verified workers, known as “Heroes” to complete a wide range of tasks.
BGSF vs HQI — Head-to-Head
Income Statement — Q4 2025 vs Q4 2025
| Metric | | |
|---|---|---|
| Revenue | $22.0M | $7.0M |
| Net Profit | $-1.2M | $1.6M |
| Gross Margin | 35.0% | — |
| Operating Margin | -17.6% | 18.6% |
| Net Margin | -5.3% | 22.8% |
| Revenue YoY | -9.4% | -13.0% |
| Net Profit YoY | -18.2% | -27.8% |
| EPS (diluted) | $-0.12 | $0.11 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $22.0M | $7.0M | ||
| Q3 25 | $26.9M | $8.5M | ||
| Q2 25 | $23.5M | $7.6M | ||
| Q1 25 | $20.9M | $7.5M | ||
| Q4 24 | $24.3M | $8.1M | ||
| Q3 24 | $29.8M | $9.4M | ||
| Q2 24 | $25.7M | $8.7M | ||
| Q1 24 | $24.5M | $8.4M |
| Q4 25 | $-1.2M | $1.6M | ||
| Q3 25 | $-5.8M | $2.3M | ||
| Q2 25 | $-3.7M | $1.1M | ||
| Q1 25 | $-722.0K | $1.4M | ||
| Q4 24 | $-981.0K | $2.2M | ||
| Q3 24 | $-804.0K | $-2.2M | ||
| Q2 24 | $-761.0K | $2.0M | ||
| Q1 24 | $-792.0K | $1.6M |
| Q4 25 | 35.0% | — | ||
| Q3 25 | 35.9% | — | ||
| Q2 25 | 35.8% | — | ||
| Q1 25 | 36.2% | — | ||
| Q4 24 | 35.9% | — | ||
| Q3 24 | 35.9% | — | ||
| Q2 24 | 37.3% | — | ||
| Q1 24 | 38.1% | — |
| Q4 25 | -17.6% | 18.6% | ||
| Q3 25 | -3.5% | 28.8% | ||
| Q2 25 | -18.8% | 13.7% | ||
| Q1 25 | 1.6% | 19.8% | ||
| Q4 24 | -15.7% | 28.0% | ||
| Q3 24 | -3.4% | -28.6% | ||
| Q2 24 | -5.7% | 31.0% | ||
| Q1 24 | 1.7% | 25.0% |
| Q4 25 | -5.3% | 22.8% | ||
| Q3 25 | -21.6% | 27.1% | ||
| Q2 25 | -15.9% | 13.9% | ||
| Q1 25 | -3.5% | 18.2% | ||
| Q4 24 | -4.0% | 27.5% | ||
| Q3 24 | -2.7% | -23.4% | ||
| Q2 24 | -3.0% | 23.5% | ||
| Q1 24 | -3.2% | 19.2% |
| Q4 25 | $-0.12 | $0.11 | ||
| Q3 25 | $-0.52 | $0.16 | ||
| Q2 25 | $-0.34 | $0.08 | ||
| Q1 25 | $-0.06 | $0.10 | ||
| Q4 24 | — | $0.15 | ||
| Q3 24 | $-0.07 | $-0.16 | ||
| Q2 24 | $-0.07 | $0.15 | ||
| Q1 24 | — | $0.12 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | — |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $48.1M | $68.3M |
| Total Assets | $57.8M | $88.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | — | — | ||
| Q3 25 | $41.2M | — | ||
| Q2 25 | $2.8M | — | ||
| Q1 25 | $2.0M | — | ||
| Q4 24 | $32.0K | — | ||
| Q3 24 | $262 | — | ||
| Q2 24 | $226 | — | ||
| Q1 24 | $50 | — |
| Q4 25 | $48.1M | $68.3M | ||
| Q3 25 | $50.7M | $67.8M | ||
| Q2 25 | $78.3M | $66.0M | ||
| Q1 25 | $81.8M | $65.6M | ||
| Q4 24 | $82.3M | $64.8M | ||
| Q3 24 | $82.9M | $62.9M | ||
| Q2 24 | $83.2M | $65.4M | ||
| Q1 24 | $83.6M | $63.9M |
| Q4 25 | $57.8M | $88.2M | ||
| Q3 25 | $83.6M | $94.9M | ||
| Q2 25 | $149.7M | $94.3M | ||
| Q1 25 | $152.3M | $93.7M | ||
| Q4 24 | $150.1M | $94.0M | ||
| Q3 24 | $157.3K | $102.7M | ||
| Q2 24 | $159.8K | $107.6M | ||
| Q1 24 | $170.6K | $105.9M |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $1.7M | $6.6M |
| Free Cash FlowOCF − Capex | $1.7M | — |
| FCF MarginFCF / Revenue | 7.6% | — |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | — | 4.12× |
| TTM Free Cash FlowTrailing 4 quarters | $-16.0K | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.7M | $6.6M | ||
| Q3 25 | $-4.8M | $1.0M | ||
| Q2 25 | $2.2M | $2.6M | ||
| Q1 25 | $1.1M | $1.9M | ||
| Q4 24 | $3.2M | $8.7M | ||
| Q3 24 | $6.5M | $4.2M | ||
| Q2 24 | $7.3M | $188.0K | ||
| Q1 24 | $7.4M | $-967.0K |
| Q4 25 | $1.7M | — | ||
| Q3 25 | $-4.9M | — | ||
| Q2 25 | $2.1M | — | ||
| Q1 25 | $1.0M | — | ||
| Q4 24 | $2.5M | — | ||
| Q3 24 | $6.5M | — | ||
| Q2 24 | $7.3M | — | ||
| Q1 24 | $6.9M | — |
| Q4 25 | 7.6% | — | ||
| Q3 25 | -18.1% | — | ||
| Q2 25 | 9.1% | — | ||
| Q1 25 | 5.0% | — | ||
| Q4 24 | 10.2% | — | ||
| Q3 24 | 21.7% | — | ||
| Q2 24 | 28.5% | — | ||
| Q1 24 | 28.1% | — |
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.4% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.1% | — | ||
| Q4 24 | 3.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | 0.0% | — | ||
| Q1 24 | 2.0% | — |
| Q4 25 | — | 4.12× | ||
| Q3 25 | — | 0.45× | ||
| Q2 25 | — | 2.41× | ||
| Q1 25 | — | 1.36× | ||
| Q4 24 | — | 3.90× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | 0.09× | ||
| Q1 24 | — | -0.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
