Filing Flows › Quest Resource Holding (QRHC) › Q1 2025
Quest Resource Holding (QRHC) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 12, 2025
Quest Resource Holding (QRHC) reported revenue of $68.4M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -2% from the quarter before. Operating margin was -11.9%, net loss $10.4M (15.2% of revenue).
Quest Resource Holding, Q1 2025: revenue $68.4M (-6% year over year), operating margin -11.9%, net loss $10.4M, operating cash flow −$1.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $68.4M | -2% | -6% |
| Operating profit | −$8.2M | — | — |
| Net earnings | −$10.4M | — | — |
| Operating cash flow | −$1.1M | — | — |
What changed
Revenue was $68.4M in Q1 2025, down 6% year over year and down 2% from the previous quarter. Services was the largest line at 95% of revenue. Services lost $4.6M year over year (down 7%), 109% of the total change.
Gross margin was 16.0%, down 3.3 points from a year earlier. Operating costs exceeded revenue by $8.2M, an operating margin of -11.9%. Operating expenses grew 57% against a revenue fall of 6%. The fastest-growing cost line was Other operating costs (+225%). The quarter ended with a net loss of $10.4M, wider than the previous quarter's $9.5M loss.
Operating cash flow was −$1.1M. Non-cash charges added back $1.5M of depreciation and amortization and $662K of share-based compensation. Working capital and other items added $7.1M. Capital expenditures of $168K exceeded it, leaving free cash flow of −$1.2M.
Questions
What was Quest Resource Holding's revenue in the first quarter 2025?
Quest Resource Holding (QRHC) reported revenue of $68.4M for the first quarter 2025 (Q1 2025), -6% from a year earlier and -2% from the quarter before.
Was Quest Resource Holding profitable in the first quarter 2025?
Operating loss was $8.2M (-11.9% of revenue) and net loss $10.4M.