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Side-by-side financial comparison of HireQuest, Inc. (HQI) and Heritage Distilling Holding Company, Inc. (IPST). Click either name above to swap in a different company.

HireQuest, Inc. is the larger business by last-quarter revenue ($7.0M vs $4.7M, roughly 1.5× Heritage Distilling Holding Company, Inc.). HireQuest, Inc. runs the higher net margin — 22.8% vs -6862.0%, a 6884.8% gap on every dollar of revenue.

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.

Newport Craft Brewing & Distilling Company is a brewery and distillery located in Newport, Rhode Island. Established in 1999 as the Coastal Extreme Brewing Company, it was the first microbrewery in Newport and began distilling operations in 2006. The company produces a range of beers and spirits that are distributed in the Northeastern United States. In 2018 it adopted its current name to reflect its combined brewing and distilling operations. Newport Craft is owned by Audrain Hospitality Gro...

HQI vs IPST — Head-to-Head

Bigger by revenue
HQI
HQI
1.5× larger
HQI
$7.0M
$4.7M
IPST
Higher net margin
HQI
HQI
6884.8% more per $
HQI
22.8%
-6862.0%
IPST

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
HQI
HQI
IPST
IPST
Revenue
$7.0M
$4.7M
Net Profit
$1.6M
$-323.7M
Gross Margin
68.5%
Operating Margin
18.6%
-2622.6%
Net Margin
22.8%
-6862.0%
Revenue YoY
-13.0%
Net Profit YoY
-27.8%
EPS (diluted)
$0.11
$-31.89

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.

Revenue
HQI
HQI
IPST
IPST
Q4 25
$7.0M
$4.7M
Q3 25
$8.5M
$3.0M
Q2 25
$7.6M
$1.3M
Q1 25
$7.5M
$1.1M
Q4 24
$8.1M
Q3 24
$9.4M
$1.8M
Q2 24
$8.7M
Q1 24
$8.4M
Net Profit
HQI
HQI
IPST
IPST
Q4 25
$1.6M
$-323.7M
Q3 25
$2.3M
$196.3M
Q2 25
$1.1M
$-7.3M
Q1 25
$1.4M
$-3.0M
Q4 24
$2.2M
Q3 24
$-2.2M
$-3.4M
Q2 24
$2.0M
Q1 24
$1.6M
Gross Margin
HQI
HQI
IPST
IPST
Q4 25
68.5%
Q3 25
61.3%
Q2 25
17.2%
Q1 25
24.9%
Q4 24
Q3 24
35.8%
Q2 24
Q1 24
Operating Margin
HQI
HQI
IPST
IPST
Q4 25
18.6%
-2622.6%
Q3 25
28.8%
-38.4%
Q2 25
13.7%
-503.0%
Q1 25
19.8%
-224.5%
Q4 24
28.0%
Q3 24
-28.6%
-118.1%
Q2 24
31.0%
Q1 24
25.0%
Net Margin
HQI
HQI
IPST
IPST
Q4 25
22.8%
-6862.0%
Q3 25
27.1%
6566.2%
Q2 25
13.9%
-551.9%
Q1 25
18.2%
-277.8%
Q4 24
27.5%
Q3 24
-23.4%
-194.9%
Q2 24
23.5%
Q1 24
19.2%
EPS (diluted)
HQI
HQI
IPST
IPST
Q4 25
$0.11
$-31.89
Q3 25
$0.16
$16.97
Q2 25
$0.08
$-0.77
Q1 25
$0.10
$-0.34
Q4 24
$0.15
Q3 24
$-0.16
$-160.41
Q2 24
$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
HQI
HQI
IPST
IPST
Cash + ST InvestmentsLiquidity on hand
Total DebtLower is stronger
$2.6M
Stockholders' EquityBook value
$68.3M
$98.2M
Total Assets
$88.2M
$108.8M
Debt / EquityLower = less leverage
0.03×

8-quarter trend — quarters aligned by calendar period.

Total Debt
HQI
HQI
IPST
IPST
Q4 25
$2.6M
Q3 25
$2.6M
Q2 25
$13.0M
Q1 25
$13.0M
Q4 24
Q3 24
$15.0M
Q2 24
Q1 24
Stockholders' Equity
HQI
HQI
IPST
IPST
Q4 25
$68.3M
$98.2M
Q3 25
$67.8M
$420.4M
Q2 25
$66.0M
$-2.9M
Q1 25
$65.6M
$-329.0K
Q4 24
$64.8M
Q3 24
$62.9M
$-34.0M
Q2 24
$65.4M
Q1 24
$63.9M
Total Assets
HQI
HQI
IPST
IPST
Q4 25
$88.2M
$108.8M
Q3 25
$94.9M
$482.8M
Q2 25
$94.3M
$26.5M
Q1 25
$93.7M
$27.1M
Q4 24
$94.0M
Q3 24
$102.7M
$31.1M
Q2 24
$107.6M
Q1 24
$105.9M
Debt / Equity
HQI
HQI
IPST
IPST
Q4 25
0.03×
Q3 25
0.01×
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
HQI
HQI
IPST
IPST
Operating Cash FlowLast quarter
$6.6M
$-7.5M
Free Cash FlowOCF − Capex
FCF MarginFCF / Revenue
Capex IntensityCapex / Revenue
0.0%
Cash ConversionOCF / Net Profit
4.12×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
HQI
HQI
IPST
IPST
Q4 25
$6.6M
$-7.5M
Q3 25
$1.0M
$-4.3M
Q2 25
$2.6M
$-1.5M
Q1 25
$1.9M
$-2.0M
Q4 24
$8.7M
Q3 24
$4.2M
Q2 24
$188.0K
Q1 24
$-967.0K
Free Cash Flow
HQI
HQI
IPST
IPST
Q4 25
Q3 25
$-4.3M
Q2 25
$-1.5M
Q1 25
$-2.0M
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
HQI
HQI
IPST
IPST
Q4 25
Q3 25
-144.7%
Q2 25
-115.3%
Q1 25
-187.6%
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
HQI
HQI
IPST
IPST
Q4 25
0.0%
Q3 25
1.5%
Q2 25
0.9%
Q1 25
1.6%
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
HQI
HQI
IPST
IPST
Q4 25
4.12×
Q3 25
0.45×
-0.02×
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.

Revenue Breakdown by Segment

HQI
HQI

Segment breakdown not available.

IPST
IPST

Direct To Consumer$3.0M63%
Wholesale$1.2M26%
Other$517.7K11%

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