Quest Resource Holding Corp QRHC
Quest Resource Holding Corporation ("Quest", "the Company", "our company," "we," "us" and "our") is a national provider of waste and recycling management services to customers from across multiple industry sectors that are typically larger, multi-location businesses. We create customer-specific programs and perform the related services for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables to maximize resource utilization. Our programs and services enable our customers to address their business sustainability and Environmental, Social and Governance ("ESG") goals and responsibilities while also receiving optimized operational efficiencies and lower costs.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $250.2M | $288.5M | $288.4M | $284.0M | $155.7M | $98.7M | $99.0M | $103.8M | $138.3M | $183.8M |
| Cost of revenue | $207.7M | $238.5M | $238.3M | $235.2M | $127.0M | $79.6M | $80.3M | $86.9M | $122.6M | $169.4M |
| Gross profit | $42.5M | $50.0M | $50.1M | $48.9M | $28.7M | $19.1M | $18.7M | $16.9M | $15.7M | $14.4M |
| SG&A | $37.6M | $39.5M | $37.7M | $37.8M | $21.7M | $17.1M | $16.8M | $16.2M | $17.1M | $18.2M |
| Total operating expenses | $48.7M | $54.5M | $47.2M | $47.5M | $24.2M | $18.3M | $18.1M | $18.9M | $21.1M | $22.2M |
| Operating income | -$6.2M | -$4.5M | $2.8M | $1.4M | $4.5M | $750.3K | $595.5K | -$2.0M | -$5.4M | -$7.8M |
| Interest expense | $9.2M | $10.3M | $9.7M | $7.3M | $2.5M | $701.9K | $431.6K | $437.7K | $468.0K | $240.8K |
| Pre-tax income | -$15.4M | -$14.8M | -$6.9M | -$5.9M | $2.0M | $1.3M | $163.8K | -$2.4M | -$5.8M | -$8.0M |
| Income tax | $16.0K | $291.0K | $387.0K | $172.6K | $321.2K | $254.0K | $219.1K | — | — | — |
| Net income | -$15.4M | -$15.1M | -$7.3M | -$6.0M | $1.7M | $1.0M | -$55.2K | -$2.4M | -$5.8M | -$8.0M |
| EPS, basic | -0.73 | -0.73 | -0.36 | -0.31 | 0.09 | 0.05 | 0.00 | -0.16 | — | — |
| EPS, diluted | -0.73 | -0.73 | -0.36 | -0.31 | 0.08 | 0.05 | 0.00 | -0.16 | -0.38 | -0.55 |
| Shares, diluted (wtd. avg.) | $21.0M | $20.6M | $20.1M | $19.5M | $20.7M | $16.8M | $15.3M | $15.3M | — | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $1.0M | $396.0K | $324.0K | $9.6M | $8.4M | $7.5M | $3.4M | $2.1M | $1.1M | $1.3M |
| Receivables | $49.0M | $62.3M | $58.1M | $45.9M | $39.9M | $17.4M | $13.9M | $16.7M | $16.3M | $34.8M |
| Inventory | — | — | — | — | — | — | — | — | — | $13.0K |
| Total current assets | $51.2M | $75.1M | $60.6M | $57.8M | $50.3M | $26.0M | $18.4M | $19.8M | $18.8M | $38.8M |
| Property, plant and equipment | $2.9M | $4.5M | $2.1M | $2.6M | $2.5M | $2.0M | $534.5K | $614.5K | $956.9K | $1.3M |
| Goodwill | $81.1M | $81.1M | $85.8M | $84.3M | $80.6M | $66.3M | $58.2M | $58.2M | $58.3M | $58.3M |
| Other intangibles | $7.7M | $12.9M | $26.1M | $33.6M | $39.1M | $6.5M | $1.6M | $2.6M | $5.0M | $8.5M |
| Total assets | $145.6M | $175.6M | $177.1M | $181.5M | $175.7M | $102.2M | $80.7M | $81.6M | $83.5M | $108.1M |
| Accounts payable | $34.1M | $37.1M | $38.6M | $28.7M | $26.4M | $12.5M | $10.4M | $14.0M | $12.7M | $32.9M |
| Short-term debt | $1.0M | $1.7M | $1.2M | $1.2M | $1.3M | $624.4K | — | — | — | — |
| Total current liabilities | $39.5M | $44.4M | $44.9M | $38.1M | $37.7M | $17.3M | $13.3M | $15.8M | $14.6M | $35.7M |
| Long-term debt | $64.0M | $76.3M | $64.6M | $70.6M | $62.4M | $14.9M | $4.5M | — | — | — |
| Total liabilities | $105.0M | $121.5M | $110.8M | $110.4M | $102.0M | $34.2M | $19.0M | $21.0M | $21.4M | $40.8M |
| Retained earnings | -$140.5M | -$125.1M | -$110.0M | -$102.8M | -$96.7M | -$98.4M | -$99.2M | -$99.2M | -$96.7M | -$90.9M |
| Total equity | $40.5M | $54.2M | $66.3M | $71.1M | $73.6M | $68.0M | $61.6M | $60.5M | $62.1M | $67.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9.6M | -$6.1M | -$1.4M | -$2.3M | $2.6M | $3.1M | $2.3M | $3.0M | -$1.7M | -$4.4M |
| Depreciation and amortisation | $905.0K | $1.0M | $806.0K | $744.9K | $484.6K | $261.8K | $225.1K | $385.9K | $444.5K | $469.8K |
| Stock-based compensation | $1.6M | $1.6M | $1.3M | $1.3M | $1.4M | $1.5M | $1.1M | $793.6K | $1.7M | $1.8M |
| Capital expenditure | $251.0K | $4.7M | $259.0K | $836.0K | $545.1K | $443.6K | $145.0K | $43.5K | $60.5K | $469.3K |
| Investing cash flow | $4.6M | -$6.0M | -$1.9M | -$4.3M | -$16.9M | -$506.1K | -$301.3K | -$240.0K | -$315.3K | -$830.5K |
| Financing cash flow | -$13.5M | $12.1M | -$6.0M | $7.8M | $15.3M | $1.5M | -$685.7K | -$1.7M | $1.7M | $3.6M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001193125-26-104675.
Others in SIC 4953
| Ticker | Company | Market cap | P/E | Revenue growth |
|---|---|---|---|---|
| WM | WASTE MANAGEMENT INC | $87.53B | 32.7x | 14.2% |
| RSG | REPUBLIC SERVICES, INC. | $68.20B | 32.5x | 3.5% |
| WCN | Waste Connections, Inc. | $41.56B | 39.5x | 6.1% |
| CWST | CASELLA WASTE SYSTEMS INC | $5.95B | 779.4x | 18.0% |
| AWX | AVALON HOLDINGS CORP | $8.6M | — | -0.3% |
| VIVK | Vivakor, Inc. | $6.7M | — | 16.3% |
| RENX | RenX Enterprises Corp. | $5.2M | — | 3,860.7% |
| OIO | OIO Group | — | — | — |