#1INVESTOR PRESENTATION ❤ HIREQUEST INC. April 2023#2SAFE HARBOR STATEMENT This presentation and other documents referenced herein include, and our officers and representatives may from time to time make or provide, certain estimates and other forward-looking statements within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act, and Section 21E of the Exchange Act including, among others, statements with respect to the Company's future revenues, including opportunities to expand revenues without compromising margins, system-wide sales, earnings and income, profitability, the impact of any global pandemic including the coronavirus disease (“COVID-19”), strategies, including with respect to future acquisitions and conversion to franchises, system sales, revenue, expenses, or income at the corporate or franchisee level, our plans to expand geographically and increase national accounts, prospects, the benefits of our California trademark license arrangement, capital outlays, consequences, and all other statements that are not purely historical and that may constitute statements of future expectation. Forward-looking statements can be identified by words such as: "anticipate," "intend," "plan," "goal," "seek,” “believe,” “project,” “estimate,” "effect," "strategy," "future," "likely," "may," "should," "will," and similar references to future periods. While we believe these statements are accurate, forward-looking statements are not historical facts and are inherently uncertain. They are based only on current beliefs, expectations, and assumptions regarding the future of our business, future plans, and strategies, projections, anticipated events and trends, the economy, and other future conditions. We cannot assure you that these expectations will occur, and our actual results may be significantly different. You should not place undue reliance on forward-looking statements. Factors that may cause actual results to differ materially from those contemplated in any forward-looking statements made by us are sometimes presented within the forward-looking statements themselves or are otherwise discussed in filings we make with the United States Securities and Exchange Commission (SEC), including our Annual Report on Form 10-K for the year ended December 31, 2022 that is available on our website: http://www.hirequest.com or on the SEC's website. Any forward-looking statement made by us in this presentation is based only on information currently available to us and speaks only as of the date on which it is made. The Company disclaims any obligation to update or revise any forward-looking statement, whether written or oral, that may be made from time to time, based on the occurrence of future events, the receipt of new information, or otherwise, except as required by law. © 2023 HireQuest, Inc. All Rights Reserved. ❤ HIREQUEST INC. NASDAQ: HQI 1#3HIREQUEST - AT A GLANCE National Reach, Local Ownership ☐ Leading national franchisor of direct dispatch, executive search, and commercial staffing services. ■ Profitable franchise-business model with multiple growth drivers ☐ ■ Proprietary, purpose-built software supports franchisees 400+ Locations 300+ Franchises 10,000+ Customers 81,000+ Employees HIREQUEST INC. NASDAQ: HQI 2#4INVESTOR HIGHLIGHTS STRONG FINANCIAL PERFORMANCE Multiple recurring revenue streams Strong balance sheet with low debt ■ Franchise-centric model proved resilient to pandemic Quarterly dividend DIFFERENTIATED FRANCHISOR MODEL Profitable, franchise-centric model yields substantial operating leverage as the business grows Higher margins and less volatility than non-franchised staffing companies ■ Asset light, scalable operations ☐ ORGANIC & ACQUISITIVE GROWTH Organic locations opened by new and existing franchisees ■ Active M&A strategy - growing existing franchise offerings and creating new brands/offerings 8 acquisitions since 2021 ■ Franchise model replicable outside of HQI's current core markets HIREQUEST INC. NASDAQ: HQI 3#5STAFFING SOLUTIONS LEADER WITH DIVERSE SERVICE OFFERINGS DIRECT DISPATCH STAFFING COMMERCIAL STAFFING EXECUTIVE & PROFESSIONAL SEARCH HIREQUEST™ DIRECT Flexible labor solutions, per diem Key Client Verticals: construction, hospitality, landscaping, janitorial, special events SNELLING ❤ HIREQUEST™ MRINETWORK. ☐ ☐ SEARCHPATH ☐ - NORTHBOUND EXECUTIVE SEARCH HEALTH TradeCorp DRIVERQUEST™ Short and long-term staffing solutions Staffing Services: skilled trades, permanent placement, medical Key Client Verticals: warehousing/logistics, hospitals, manufacturing, office workers, retail Executive and professional placement solutions tailored specifically to client expectations Staffing Services: executive search, short-term consulting Key Client Verticals: healthcare, accounting & finance, legal & compliance, engineering, IT, general management, consulting/temporary Staffing solutions coupled with industry specific knowledge Staffing Services: on-demand, temp-to-hire, permanent placement Key Client Verticals: trucking (long-haul and last-mile), skilled trades, dental, medical VERTICAL-FOCUSED HIREQUEST STAFFING ❤ HIREQUEST INC. NASDAQ: HQI 4#6HIREQUEST TARGETING 89% OF THE TOTAL STAFFING MARKET Health Care 8% Current offerings target virtually all segments of the $168 billion staffing and recruiting market Professional 21% HIREQUEST INC. IT $150B TAM HIREQUEST™ DIRECT 11% U.S. Staffing Market Light Industrial/ Blue-Collar 36% TradeCorp ◆SNELLING® SEARCHPATH Office/Clerical 24% NORTHBOUND EXECUTIVE SEARCH MRINETWORK. HIREQUEST HEALTH DentalPower® Source: American Staffing Association - 2021 National Staffing Statistics - measured by sales. NASDAQ:HQI 5#725 GLOBAL COVERAGE 400+ Franchised and Licensed Offices Nationwide 13 Mani 2 2 2 5 5 сл 2 12 HQI Franchisee Offices HQI Franchisee & Licensed Offices HIREQUEST INC. 1 7 50 сл 7 m ७ の 6 の 12 6 7 13 10 5 an 18 22 23 6 20 53 ☐ 2 12 5 1 1 Concentration of branches in established and emerging regions Regional branches provide local brand recognition Local market opportunities and trends are more readily identified ■ Diverse staffing offerings allow for multiple locations in many markets NASDAQ: HQI 17 Franchised International Offices 3 5 6#8BENEFITS OF THE FRANCHISE SOLUTION HIREQUEST INC. FRANCHISE MODEL Traditional Staffing Model Incentive Alignment Franchisees are owners and drive branch-level performance and management expectations Expense Control Less need for regional/middle management, significantly reduces operating expenditures Providing lower cost payroll financing and workers compensation insurance to franchisees Enhanced Economic Resiliency Exposure to diverse set of customer verticals and recurring revenue streams helps mitigate HQI's exposure to economic risk National Scale Drives Local Service ■ National accounts, payroll financing and technology solutions reduce franchisee workload to drive stronger staffing operations at the local level Fluctuating Compensation ■ Difficult to incentivize employees profitably - variable compensation structures across locations/verticals can result in inconsistent performance Obstacles to Expense Control Additional management required as offerings and locations grow ■ Small-mid scale competitors may have a harder time obtaining low-cost financing and adequate workers compensation programs at reasonable costs Increased Exposure to Economic Risk Current economic environment largely impacts cyclical performance ❤ HIREQUEST INC. NASDAQ: HQI 7#9FINANCIAL HIGHLIGHTS HireQuest generated significant momentum through 2022 HIREQUEST INC. 2022 METRICS $31.0M Total Revenue¹ $16.0M Income from Operations $12.0M Net Income² $0.87 Diluted EPS² $22.0M Adjusted EBITDA³ TOTAL REVENUE¹ $22.5 $13.8 $31.0 2020 2021 2022 INCOME FROM OPERATIONS $16.0 $7.7 $5.0 2020 2021 ADJUSTED EBITDA³ 2022 $22.0 $12.3 $9.6 2020 2021 2022 123 From continuing operations, Dental Power owned operations reclassified as discontinued operations. 3) 2) Net Income and diluted EPS are for continuing operations and exclude income from discontinued operations. Non-GAAP financial measure. EBITDA adjusted for stock-based compensation, WOTC related costs, impairment of notes receivable, and net acquisition- related charges. See appendix for further detail. NASDAQ:HQI 8#10COMPELLING RECURRING REVENUE MODEL Our three revenue streams generate uniquely high margins for the staffing industry Franchise Royalties License Fees Service Revenue HYPOTHETICAL SINGLE TEMPORARY STAFFING BRANCH ~$2.1 million Franchisee Revenue System Sales ~6.5% Blended Royalty Rate & Service Revenue ~$136,500 HQI Revenue ~3% of System Sales Revenue to HQI HQI Expenses ❤HIREQUEST INC. NASDAQ:HQI ~$73,500 (~3.5% of System Sales) HQI Net Income 6#11PATH FORWARD Leveraging organic and growth strategies Expanding Verticals & Offerings Strategic Acquisitions Near immediate return through conversion to franchise model Significant expansion opportunities across the HQI portfolio Growing Franchisees & Geographic Footprint Leveraging opportunities to expand national reach Addition of MRI/ professional staffing increases exposure to new and existing national and global customers Enhancing National Account Presence HIREQUEST INC. NASDAQ: HQI 10#12CONTACT US HIREQUEST, INC. David Hartley, Vice President of Corporate Development 111 Springhall Drive Goose Creek, SC 80235 Tel (800) 835-6755 [email protected] IMS INVESTOR RELATIONS Investor Relations John Nesbett / Jennifer Belodeau Tel (203) 972-9200 [email protected] ❤ HIREQUEST INC. NASDAQ: HQI 11#13Appendix HIREQUEST INC.#14STATEMENT OF OPERATIONS Three months ended Twelve months ended (in thousands, except per share data) December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Franchise royalties $ 7,671 $ 6,067 28,897 21,317 Service revenue Total revenue Selling, general and administrative expenses Depreciation and amortization Income from operations Other miscellaneous income Interest income Interest and other financing expense Net income before income taxes 378 471 2,055 1,212 8,049 6,538 30,952 22,529 4,723 4,401 12,874 13,328 544 486 2,040 1,551 2,782 1,651 16,038 7,650 (26) 724 (2,047) 4,570 49 127 247 413 (112) (90) (368) (157) 2,693 2,412 13,870 12,476 Provision (benefit) for income taxes 49 227 Income from continuing operations 2,644 2,185 1,895 11,975 635 11,841 Income from discontinued operations, net of tax 74 9 483 9 Net income $ 2,718 $ 2,194 12,458 11,850 Basic earnings per share Continuing operations $ 0.19 $ 0.16 $ 0.87 $ 0.88 Discontinued operations 0.01 0.00 0.04 0.00 Total $ 0.20 $ 0.16 0.91 0.88 Diluted earnings per share Continuing operations SA SA Discontinued operations Total 0.19 0.16 0.87 0.87 0.01 0.00 0.04 0.00 0.20 $ 0.16 0.91 $ 0.87 ❤ HIREQUEST INC. NASDAQ:HQI 13#15SUMMARY BALANCE SHEETS (in thousands) ASSETS Period ended December 31, 2022 December 31, 2021 Current assets Cash $ 3,049 $ 1,256 Accounts receivable, net of allowance for doubtful accounts 45,728 38,239 Other current assets 3,153 2,509 Total current assets 51,930 42,004 Property and equipment, net 4,353 4,454 Franchise agreements, net 23,144 18,848 Other intangible assets, net 10,690 6,228 Goodwill 5,870 Other assets 7,296 5,818 Total assets $ 103,283 $ 77,352 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities Accounts payable $ 448 SA $ 1,126 Line of credit 12,543 171 Term loan payable 704 210 Other current liabilities Total current liabilities Term loan payable, net of current portion Other liabilities Total liabilities Stockholders' equity Total liabilities and stockholders' equity ❤ HIREQUEST INC. 23,085 19,964 36,780 21,471 3,291 2,856 4,958 6,290 45,029 30,617 58,254 46,735 $ 103,283 $ 77,352 NASDAQ:HQI 14#16RECONCILIATION OF NON-GAAP FINANCIAL MEASURE (in thousands) Net Income to Adjusted EBITDA1 Net Income Interest expense Provision for income taxes Depreciation & amortization WOTC related costs EBITDA Non-cash compensation Acquisition related charges, net Impairment of notes receivable Adjusted EBITDA¹ 7) Non-GAAP financial measure. December 31, 2022 Twelve Months Ended December 31, 2021 December 31, 2020 $ 12,458 $ 11,850 5,359 368 157 50 1,895 635 741 2,040 1,551 129 601 595 448 17,362 $ 14,788 $ 6,727 1,673 1,628 1,227 2,660 (4,399) 350 307 $ 22,045 $ 12,324 SA 1,599 $ 9,553 ❤ HIREQUEST INC. NASDAQ: HQI 15