Filing Flows › Quest Resource Holding (QRHC) › Q1 2026
Quest Resource Holding (QRHC) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 8, 2026
Quest Resource Holding (QRHC) reported revenue of $61.7M for the first quarter 2026 (Q1 2026), -10% from a year earlier and +5% from the quarter before. Operating margin was 0.4%, net loss $2.3M (3.8% of revenue).
Quest Resource Holding, Q1 2026: revenue $61.7M (-10% year over year), operating margin 0.4%, net loss $2.3M, operating cash flow $190K. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $61.7M | +5% | -10% |
| Operating profit | $242K | -56% | — |
| Net earnings | −$2.3M | — | — |
| Operating cash flow | $190K | -82% | — |
| Free cash flow | $110K | -89% | — |
What changed
Revenue was $61.7M in Q1 2026, down 10% year over year and up 5% from the previous quarter. Services was the largest line at 95% of revenue. Services lost $6.7M year over year (down 10%), 100% of the total change.
Gross margin was 15.7%, down 0.3 points from Q1 2025. Operating profit was $242K, a 0.4% margin (up 12.3 points year over year). Operating expenses fell 51% while revenue fell 10%. The quarter ended with a net loss of $2.3M, wider than the previous quarter's $1.7M loss. Net interest and other expense of $2.5M was the main reason.
Operating cash flow was $190K. Non-cash charges added back $1.0M of depreciation and amortization and $388K of share-based compensation. Working capital and other items added $1.1M. Capital expenditures of $80K left free cash flow of $110K.
Questions
What was Quest Resource Holding's revenue in the first quarter 2026?
Quest Resource Holding (QRHC) reported revenue of $61.7M for the first quarter 2026 (Q1 2026), -10% from a year earlier and +5% from the quarter before.
Was Quest Resource Holding profitable in the first quarter 2026?
Operating profit was $242K (0.4% of revenue) and net loss $2.3M.