Filing Flows › Quest Resource Holding (QRHC) › Q3 2025
Quest Resource Holding (QRHC) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 10, 2025
Quest Resource Holding (QRHC) reported revenue of $63.3M for the third quarter 2025 (Q3 2025), -13% from a year earlier and +6% from the quarter before. Operating margin was 1.7%, net loss $1.3M (2.1% of revenue).
Quest Resource Holding, Q3 2025: revenue $63.3M (-13% year over year), operating margin 1.7%, net loss $1.3M, operating cash flow $5.7M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $63.3M | +6% | -13% |
| Operating profit | $1.1M | +181% | — |
| Net earnings | −$1.3M | — | — |
| Operating cash flow | $5.7M | +45% | — |
| Free cash flow | $5.6M | +45% | — |
What changed
Revenue was $63.3M in Q3 2025, down 13% year over year and up 6% from the previous quarter. Services was the largest line at 95% of revenue. Services lost $9.7M year over year (down 14%), 103% of the total change.
Gross margin was 18.1%, up 2.0 points from a year earlier. Operating profit was $1.1M, a 1.7% margin (up 3.0 points year over year). Operating expenses fell 18% while revenue fell 13%. The quarter ended with a net loss of $1.3M, narrower than the previous quarter's $2.0M loss. Net interest and other expense of $2.4M was the main reason.
Operating cash flow was $5.7M. Non-cash charges added back $1.3M of depreciation and amortization and $470K of share-based compensation. Working capital and other items added $5.2M. Capital expenditures of $29K left free cash flow of $5.6M.
Questions
What was Quest Resource Holding's revenue in the third quarter 2025?
Quest Resource Holding (QRHC) reported revenue of $63.3M for the third quarter 2025 (Q3 2025), -13% from a year earlier and +6% from the quarter before.
Was Quest Resource Holding profitable in the third quarter 2025?
Operating profit was $1.1M (1.7% of revenue) and net loss $1.3M.