Filing Flows › Quest Resource Holding (QRHC) › Q2 2025
Quest Resource Holding (QRHC) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 11, 2025
Quest Resource Holding (QRHC) reported revenue of $59.5M for the second quarter 2025 (Q2 2025), -19% from a year earlier and -13% from the quarter before. Operating margin was 0.6%, net loss $2.0M (3.3% of revenue).
Quest Resource Holding, Q2 2025: revenue $59.5M (-19% year over year), operating margin 0.6%, net loss $2.0M, operating cash flow $3.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $59.5M | -13% | -19% |
| Operating profit | $382K | — | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | $3.9M | — | +383% |
| Free cash flow | $3.9M | — | — |
What changed
Revenue was $59.5M in Q2 2025, down 19% year over year and down 13% from the previous quarter. Services was the largest line at 95% of revenue. Services lost $13.8M year over year (down 20%), 101% of the total change.
Gross margin was 18.5%, unchanged from a year earlier. Operating profit was $382K, a 0.6% margin (down 1.8 points year over year). Operating expenses fell 9% while revenue fell 19%. The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $10.4M loss. Net interest and other expense of $2.4M was the main reason.
Operating cash flow was $3.9M (up 383% year over year). Non-cash charges added back $1.3M of depreciation and amortization and $533K of share-based compensation. Working capital and other items added $4.0M. Capital expenditures of $9K left free cash flow of $3.9M.
Questions
What was Quest Resource Holding's revenue in the second quarter 2025?
Quest Resource Holding (QRHC) reported revenue of $59.5M for the second quarter 2025 (Q2 2025), -19% from a year earlier and -13% from the quarter before.
Was Quest Resource Holding profitable in the second quarter 2025?
Operating profit was $382K (0.6% of revenue) and net loss $2.0M.