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Quest Resource Holding (QRHC) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Quest Resource Holding (QRHC) Q3 2026 earnings results →
Q3 2026 Revenue up 1% year over year to $63.8M · 1¢ of every $1 of revenue lost · operating margin 2.7%
Quest Resource Holding made $63.8M in Q3 2026 (+0.7% Y/Y): Services $60.5M, Product Sales and Other $3.3M. Operating margin 2.7%, net loss $495K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $63.8M in Q3 2026, up 1% year over year and roughly flat from the previous quarter. Services was the largest line at 95% of revenue. Services added $257K year over year (roughly flat), 59% of the total change.
Gross margin was 17.8%, down 0.3 points from Q3 2025. Operating profit was $1.7M, a 2.7% margin (up 1.0 points year over year). Of the extra revenue versus Q3 2025, 142% reached operating profit, above the 2% margin then. Operating expenses fell 7% while revenue rose 1%. The quarter ended with a net loss of $495K, narrower than the previous quarter's $12.2M loss. Net interest and other expense of $2.2M was the main reason.
Operating cash flow was −$251K. Non-cash charges added back $1.0M of depreciation and amortization and $397K of share-based compensation. Working capital and other items used $1.1M. Capital expenditures of $33K exceeded it, leaving free cash flow of −$284K.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $63.8M | +0.7% | 2.7% | −$495K | −$251K |
| Q2 2026 | 10-Q | Aug 7, 2026 | $64.1M | +8% | -15.6% | −$12.2M | $4.5M |
| Q1 2026 | 10-Q | May 8, 2026 | $61.7M | -10% | 0.4% | −$2.3M | $190K |
| Q4 2025 | 10-K | Mar 13, 2026 | $58.9M | -16% | 0.9% | −$1.7M | $1.1M |
| Q3 2025 | 10-Q | Nov 10, 2025 | $63.3M | -13% | 1.7% | −$1.3M | $5.7M |
| Q2 2025 | 10-Q | Aug 11, 2025 | $59.5M | -19% | 0.6% | −$2.0M | $3.9M |
| Q1 2025 | 10-Q | May 12, 2025 | $68.4M | -6% | -11.9% | −$10.4M | −$1.1M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Quest Resource Holding
Quest is a national provider of waste and recycling services that empower larger businesses to excel in achieving their environmental and sustainability goals and responsibilities. Quest delivers focused expertise across multiple industry sectors to build single-source, customer-specific solutions that generate quantifiable business and sustainability results. Addressing a wide variety of waste streams and recyclables, Quest provides information and data that tracks and reports the environmental results of Quest’s services, gives actionable data to improve business operations, and enables Quest’s customers to excel in their business and sustainability responsibilities. For more information, visit https://questrmg.com/ .
In its own words, from its 8-K, filed Aug 6, 2026.
Quest Resource Holding against its Refuse Systems peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +0.7% against the peers' median +7%. Operating margin: 2.7% against the peers' median 7.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| QRHC Quest Resource Holding | Q3 2026 | $63.8M | +0.7% | 2.7% |
| WM Waste Management | Q3 2026 | $6.8B | +6% | 18.7% |
| RSG Republic Services | Q3 2026 | $5.2B | +8% | 17.7% |
| WCN Waste Connections | Q3 2026 | $2.6B | +7% | 20.5% |
| CWST Casella Waste Systems | Q2 2026 | $544M | +17% | 3.7% |
| NVRI Enviri | Q3 2026 | $325M | +0.1% | 7.2% |
| VIVK Vivakor | Q2 2026 | $32.1M | +10% | 0.5% |
| AWX Avalon Holdings | Q3 2026 | $24.3M | -6% | 13.0% |
| RENX RenX Enterprises | Q2 2026 | $4.3M | +203% | -70.4% |
Source: Quest Resource Holding 10-Q on SEC EDGAR · CIK 1442236 · Refuse Systems
Guidance and outlook
13F: who owns QRHC and who is buying
More on QRHC
- How Quest Resource Holding makes money: revenue by segment
- Quest Resource Holding next earnings date and what analysts expect
- Quest Resource Holding stock forecast, price target and fair value
- Who owns Quest Resource Holding stock: holders, funds and Congress trades
- Quest Resource Holding guidance and outlook
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results