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MARKETS / NASDAQ / QRHC
NASDAQ · REFUSE SYSTEMS · SMALL CAP

Quest Resource Holding Corp. QRHC

17 fiscal years on record · USD · FY2025 reported · SEC filings only
$250.2M
▼ 13.3% YoY
$-15.4M
$9.3M
In brief

What this company does

Quest Resource Holding Corporation is a national provider of waste and recycling management services to customers from across multiple industry sectors that are typically larger, multi-location businesses. The company pursues an asset-light strategy in its core business, utilizing third-party subcontractors for the collection, hauling, sorting and processing of recyclable and waste materials for businesses, and does not own significant waste management assets such as trucks, processing facilities or landfills. Its customers are mostly Fortune 1000 businesses and span multiple and diverse industry sectors. One customer accounted for 23% and 27% of the company's revenue for the years ended December 31, 2025 and 2024, respectively. As of December 31, 2025, the company employed a total of 195 people, all of whom were full-time employees. The company was incorporated in Nevada in July 2002 under the name BlueStar Financial Group, Inc.

Written from the business description in Quest Resource Holding Corporation's annual report to the U.S. Securities and Exchange Commission, filed 13 March 2026. Every sentence was checked against that document before publication.

Growth
USD 250.2M
Revenue, FY2025 · full 17-year series below
Revenue $M Net income $M
FY2025 · Revenue 250.2 · Net income -15.4
100M200M-20M-40M200920112013201520172019202120232025
Compound annual growth
−4.1%
+20.5%
+3.9%
+97.6%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +20.5% a year over five years.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability
−6 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -2.5% · Net -6.1%
-5000%200920112013201520172019202120232025
ROE
FY2025 · ROE -32.5%
-1000%-2000%200920112013201520172019202120232025
Gross margin17.0%
Operating margin-2.5%
Net margin-6.1%
Return on assets-9.6%
EBITDAUSD -5.3M

Each USD of equity lost 32 cents this year.

Cash & shareholders
—
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF 9.3
4M8M-4M-8M200920112013201520172019202120232025
Dividends paid—
Net buybacks—
Share of profit—
Consecutive raises—

Total assetsUSD 145.6M
EquityUSD 40.5M
CashUSD 1.0M
Gross debtUSD 65.0M
Net debtUSD 64.0M
Current ratio1.30×

Net debt stands at 158% of equity.

The 17-year record
17 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative
Metric 20252024202320222021202020192018201720162015201420132012201120102009
Revenue $B0.30.30.30.30.20.10.10.10.10.20.20.20.10.00.00.0·
Operating income $B−0.0−0.00.00.00.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0·
EBITDA $B−0.0−0.00.00.00.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0···
Income tax $B0.00.00.00.00.00.00.0······0.0···
Net income $B−0.0−0.0−0.0−0.00.00.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0−0.0
Free cash flow $B0.0−0.0−0.0−0.00.00.00.00.0−0.0−0.00.0−0.0−0.0−0.0−0.0··
EPS, diluted $−0.73−0.73−0.36−0.310.080.050.00−0.16−0.38−0.55−0.53−0.10−0.23−0.74−0.05−0.02·
Dividend / sh $·················
Payout %·················
ROE %−32.5−25.0−10.6−8.42.41.6−0.1−4.0−9.0−11.8−10.3−15.3−96.2··−905.3−2827.1
Shares out B0.020.020.020.020.020.020.020.020.020.020.010.110.100.060.040.04·

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

Compare

This company against its peers

Quest Resource Holding Corp.vsWaste Management Inc.Same industry: Refuse SystemsQuest Resource Holding Corp.vsRepublic Services, Inc.Same industry: Refuse SystemsQuest Resource Holding Corp.vsWaste Connections, Inc.Same industry: Refuse SystemsQuest Resource Holding Corp.vsCasella Waste Systems Inc.Same industry: Refuse SystemsQuest Resource Holding Corp.vsAvalon Holdings Corp.Same industry: Refuse SystemsQuest Resource Holding Corp.vsOIO GroupSame industry: Refuse SystemsQuest Resource Holding Corp.vsSusGlobal Energy Corp.Same industry: Refuse Systems
Provenance
Company facts, as filed
How we verify · 0 failures in 80 reconciliationsAUDITED

Reconciled in 17 of 19 fiscal years. 15 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityRefuse Systems
Listed onNASDAQ
Incorporated inNevada
Fiscal year endsDecember 31
SEC categorysmaller reporting company
Data on record since2009

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