Quest Resource Holding Corp (QRHC) Financial Statements
Industry: Refuse Systems
In fiscal 2025, Quest Resource reported revenue of $250.2M, down 13.3% from $288.5M the year before. Net income was -$15.4M (a -6.1% net margin), or -$0.73 per diluted share. Gross margin was 17.0% and operating margin was -2.5%. Operating activities generated $9.6M of cash, leaving $9.3M of free cash flow. At fiscal year end, Quest Resource held $145.6M in total assets against $105.0M in total liabilities, including $1.0M of cash and equivalents.
Open the full interactive Quest Resource financials → Quarterly statements, key ratios, valuation history and price charts.
Quest Resource Key Stats
| Share Price | $1.16 |
|---|---|
| Market Cap | $24.7M |
| Revenue YoY Growth | -13.3% |
| 52-Week Range | $0.86 – $2.41 |
| Shares Outstanding | 21.3 million (basic, 2026 Q2) |
Quest Resource Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $98.7M | $155.7M | $284.0M | $288.4M | $288.5M | $250.2M |
| Cost of Goods Sold | $79.6M | $126.9M | $235.2M | $238.3M | $238.5M | $207.7M |
| Gross Profit | $19.1M | $28.8M | $48.9M | $50.1M | $50.0M | $42.5M |
| Operating Income | $750,269 | $4.6M | $1.4M | $2.8M | -$4.5M | -$6.2M |
| Pre-Tax Income | $1.3M | $2.0M | -$5.9M | -$6.9M | -$14.8M | -$15.4M |
| Income Tax | $254,004 | $321,169 | $172,604 | $386,932 | $291,000 | $16,000 |
| Net Income | $1.0M | $1.7M | -$6.0M | -$7.3M | -$15.1M | -$15.4M |
| Diluted EPS | $0.05 | $0.08 | -$0.31 | -$0.36 | -$0.73 | -$0.73 |
Quest Resource Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $63.3M | $58.9M | $61.7M | $64.1M |
| Net Income | -$1.3M | -$1.7M | -$2.3M | -$12.2M |
| Diluted EPS | -$0.06 | -$0.08 | -$0.11 | -$0.57 |
Quest Resource Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $7.5M | $8.4M | $9.6M | $324,014 | $396,000 | $1.0M |
| Current Assets | $26.0M | $50.3M | $57.8M | $60.6M | $75.1M | $51.2M |
| Total Assets | $102.2M | $175.7M | $181.5M | $177.1M | $175.6M | $145.6M |
| Current Liabilities | $17.3M | $37.7M | $38.1M | $44.9M | $44.4M | $39.5M |
| Total Long-Term Debt | $14.9M | $62.4M | $70.6M | $64.6M | $76.3M | $64.0M |
| Total Liabilities | $34.2M | $102.0M | $110.4M | $110.8M | $121.5M | $105.0M |
| Shareholders' Equity | $68.0M | $73.6M | $71.1M | $66.3M | $54.2M | $40.5M |
Quest Resource Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $3.1M | $2.6M | -$2.3M | -$1.4M | -$6.1M | $9.6M |
| Cash From Investing | -$506,072 | -$16.9M | -$4.3M | -$1.9M | -$6.0M | $4.6M |
| Cash From Financing | $1.5M | $15.3M | $7.8M | -$6.0M | $12.1M | -$13.5M |
| Free Cash Flow | $2.7M | $2.0M | -$3.2M | -$1.6M | -$10.8M | $9.3M |
Figures from Quest Resource's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Quest Resource financials page for every line item.
Quest Resource Company Profile
| Ticker | QRHC |
|---|---|
| Exchange | Nasdaq |
| Industry | Refuse Systems |
| Headquarters | Irving, Texas |
| Incorporated in | Nevada |
| Fiscal Year End | December 31 |
| SEC Filer Category | Non-accelerated filer, smaller reporting company |
| SEC CIK | 0001442236 |
Frequently Asked Questions
What was Quest Resource's revenue in fiscal 2025?
Quest Resource (QRHC) reported revenue of $250.2M for fiscal 2025.
What is Quest Resource's annual revenue history?
Quest Resource's annual revenue by fiscal year: 2020: $98.7M; 2021: $155.7M; 2022: $284.0M; 2023: $288.4M; 2024: $288.5M; 2025: $250.2M.
What was Quest Resource's net income in fiscal 2025?
Quest Resource reported net income of -$15.4M for fiscal 2025.
What was Quest Resource's earnings per share (EPS) in fiscal 2025?
Quest Resource's diluted EPS was -$0.73 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Quest Resource generate in fiscal 2025?
Quest Resource generated $9.3M of free cash flow in fiscal 2025.
What was Quest Resource's revenue last quarter?
In its most recent reported quarter (2026 Q2), Quest Resource reported revenue of $64.1M.
How much debt does Quest Resource have?
Quest Resource reported $64.0M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Quest Resource are outstanding?
Quest Resource reported a weighted average of 21.3 million basic shares outstanding in 2026 Q2.
What is Quest Resource's market cap?
Based on its latest closing price, Quest Resource (QRHC) has a market capitalization of about $24.7M.
When does Quest Resource's fiscal year end?
Quest Resource's fiscal year end, as registered with the SEC, is December 31.
Where is Quest Resource headquartered?
Quest Resource lists its business address in Irving, Texas in its SEC filings.