Filing Flows › Quest Resource Holding (QRHC) › Q4 2025
Quest Resource Holding (QRHC) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 13, 2026
Quest Resource Holding (QRHC) reported revenue of $58.9M for the fourth quarter 2025 (Q4 2025), -16% from a year earlier and -7% from the quarter before. Operating margin was 0.9%, net loss $1.7M (2.8% of revenue).
Quest Resource Holding, Q4 2025: revenue $58.9M (-16% year over year), operating margin 0.9%, net loss $1.7M, operating cash flow $1.1M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $58.9M | -7% | -16% |
| Operating profit | $547K | -49% | — |
| Net earnings | −$1.7M | — | — |
| Operating cash flow | $1.1M | -81% | — |
| Free cash flow | $1.0M | -82% | — |
What changed
Revenue was $58.9M in Q4 2025, down 16% year over year and down 7% from the previous quarter. Services was the largest line at 95% of revenue.
Gross margin was 15.5%, up 0.1 points from a year earlier. Operating profit was $547K, a 0.9% margin (up 11.2 points year over year). Operating expenses fell 52% while revenue fell 16%. The quarter ended with a net loss of $1.7M, wider than the previous quarter's $1.3M loss. Net interest and other expense of $2.2M was the main reason.
Operating cash flow was $1.1M. Non-cash charges added back $1.1M of depreciation and amortization. Working capital and other items added $1.6M. Capital expenditures of $45K left free cash flow of $1.0M.
Questions
What was Quest Resource Holding's revenue in the fourth quarter 2025?
Quest Resource Holding (QRHC) reported revenue of $58.9M for the fourth quarter 2025 (Q4 2025), -16% from a year earlier and -7% from the quarter before.
Was Quest Resource Holding profitable in the fourth quarter 2025?
Operating profit was $547K (0.9% of revenue) and net loss $1.7M.