Quest Resource Holding Corp

Listed Company

QRHCCIK 0001442236NasdaqNon-AcceleratedSmaller ReportingRefuse SystemsNevadaFY ends Dec 31

Period

FY 2025

Revenue

$250.22M

Net Income

$-15.38M

Total Assets

$145.55M

Equity

$40.51M

Shares Out

20.96M

Op. Cash Flow

$9.56M

Business

Quest Resource Holding Corp is a national provider of waste and recycling services for larger, multi-location businesses across multiple industry sectors. It offers customer-specific programs for collection, processing, recycling, disposal and tracking of waste streams and recyclables, along with products such as antifreeze, windshield washer fluid, dumpsters and compacting equipment and cloud-based data reporting. Key business segments include waste and recycling services, automotive/fleet and industrial services, food/organic waste, construction services, equipment solutions and a data/reporting division. It operates across the United States, including Puerto Rico, and Canada, delivering services through a direct sales force, strategic partnerships and a network of third-party subcontractors.

Summary from filing dated 2025-03-12

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	250	289	288	284	156
Cost of revenue	208	239	238	235	127
Gross profit	43	50	50	49	29
Selling, general, and administrative	38	40	38	38	22
Depreciation and amortization	5	9	10	10	2
Loss on sale of assets, net	4	—	—	—	—
Impairment loss	2	6	—	—	—
Total operating expenses	49	54	47	47	24
Operating loss	−6	−4	3	1	5
Interest expense	−9	−10	−10	−7	−2
Loss before taxes	−15	−15	−7	−6	2
Income tax expense	16,000	291,000	387,000	172,604	321,169
Net loss	−15	−15	−7	−6	2
Basic (per share)	−0.73	−0.73	−0.36	−0.31	0.09
Diluted (per share)	−0.73	−0.73	−0.36	−0.31	0.08
Basic (shares)	21	21	20	19	19
Diluted (shares)	21	21	20	19	21

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	1	396,000	324,000	10	8
Accounts receivable, less allowance for doubtful accounts of $780 and $831 as of December 31, 2025 and 2024, respectively	49	62	58	46	40
Prepaid expenses and other current assets	1	3	2	2	2
Assets held for sale	—	10	—	—	—
Total current assets	51	75	61	58	50
Goodwill	81	81	86	84	81
Intangible assets, net	8	13	26	34	39
Property and equipment, net, and other assets	6	6	5	6	6
Total assets	146	176	177	181	176
Accounts payable and accrued liabilities	38	40	41	32	30
Other current liabilities	128,000	1	2	5	6
Current portion of notes payable	1	2	1	1	1
Liabilities held for sale	—	2	—	—	—
Total current liabilities	40	44	45	38	38
Notes payable, net	64	76	65	71	62
Other long-term liabilities	2	833,000	1	2	2
Total liabilities	105	121	111	110	102
Commitments and contingencies	—	—	—	—	—
Preferred stock, $0.001 par value, 10,000 shares authorized, no shares issued or outstanding as of December 31, 2025 and 2024	—	—	—	—	—
Common stock, $0.001 par value, 200,000 shares authorized, 20,960 and 20,606 shares issued and outstanding as of December 31, 2025 and 2024, respectively	21,000	21,000	20,000	19,696	19,046
Additional paid-in capital	181	179	176	174	170
Accumulated deficit	−140	−125	−110	−103	−97
Total stockholders equity	41	54	66	71	74
Total liabilities and stockholders equity	146	176	177	181	176

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Depreciation	905,000	1	806,000	744,858	484,558
Amortization of intangibles	5	9	9	9	2
Amortization of debt issuance costs and discounts	782,000	1	1	1	873,137
Provision for doubtful accounts	1	2	2	2	213,158
Stock-based compensation	2	2	1	1	1
Accounts receivable	13	−10	−14	−4	−12
Prepaid expenses and other current assets	1	−459,000	168,000	−355,221	−476,597
Security deposits and other assets	69,000	−58,000	194,000	−389,867	−1
Accounts payable and accrued liabilities	−3	383,000	7	−5	7
Other liabilities	−872,000	−1	−2	−326,929	2
Net cash provided by (used in) operating activities	10	−6	−1	−2	3
Purchase of property and equipment	−251,000	−5	−259,000	−836,043	−545,058
Purchase of intangible assets	−1	−1	−2	−858,913	−91,111
Proceeds from sale of assets	6	—	—	—	—
Net cash provided by (used in) investing activities	5	−6	−2	−4	−17
Proceeds from credit facilities	99	108	91	81	72
Repayments of credit facilities	−107	−98	−90	−76	−69
Proceeds from long-term debt	390,000	3	—	4	13
Repayments of long-term debt	−6	−1	−8	−1	−758,643
Debt issuance costs	−506,000	−682,000	—	−214,550	−37,500
Proceeds from stock option exercises	49,000	1	897,000	756,335	525,617
Tax payments for net share settlements	−40,000	—	—	—	—
Proceeds from shares issued for Employee Stock Purchase Plan	151,000	260,000	224,000	176,742	108,806
Net cash provided by (used in) financing activities	−14	12	−6	8	15
Net increase in cash and cash equivalents	618,000	72,000	−9	1	911,598

Filings

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