QRHC · Quest Resource Holding Corp - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $250.22M | $288.53M | $288.38M | $284.04M | $155.72M | $98.66M |
| Cost of Revenue | $207.67M | $238.54M | $238.31M | $235.18M | $126.89M | $79.60M |
| Gross Profit | $42.54M | $49.99M | $50.06M | $48.86M | $28.82M | $19.06M |
| R&D | - | - | - | - | - | - |
| SG&A | $37.63M | $39.54M | $37.67M | $37.80M | $21.73M | $17.14M |
| Total Operating Expenses | $48.70M | $54.45M | $47.24M | $47.45M | $24.20M | $18.30M |
| D&A | $5.28M | $9.40M | $9.57M | $9.65M | $2.47M | $1.16M |
| Operating Income | ($6.16M) | ($4.46M) | $2.82M | $1.41M | $4.62M | $750.3K |
| Interest Expense | $9.21M | $10.31M | $9.73M | $7.28M | $2.50M | $701.9K |
| Income Tax | $16.0K | $291.0K | $386.9K | $172.6K | $321.2K | $254.0K |
| Net Income | ($15.38M) | ($15.06M) | ($7.29M) | ($6.05M) | $1.69M | $1.03M |
| EPS - Basic | ($0.73) | ($0.73) | ($0.36) | ($0.31) | $0.09 | $0.05 |
| EPS - Diluted | ($0.73) | ($0.73) | ($0.36) | ($0.31) | $0.08 | $0.05 |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.01M | $396.0K | $324.0K | $9.56M | $8.43M | $7.52M |
| Accounts Receivable | $49.01M | $62.25M | $58.15M | $45.89M | $39.95M | $17.42M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $34.10M | $37.09M | $38.60M | $28.74M | $26.43M | $12.51M |
| Current Assets | $51.20M | $75.14M | $60.61M | $57.77M | $50.33M | $26.01M |
| Total Assets | $145.55M | $175.65M | $177.12M | $181.49M | $175.67M | $102.23M |
| Current Liabilities | $39.53M | $44.39M | $44.92M | $38.05M | $37.72M | $17.26M |
| Long-term Debt | $64.00M | $76.27M | $64.64M | $70.57M | $62.41M | $4.53M |
| Total Liabilities | $105.04M | $121.49M | $110.84M | $110.35M | $102.04M | $34.19M |
| Stockholders' Equity | $40.51M | $54.16M | $66.28M | $71.14M | $73.63M | $68.04M |
| Retained Earnings | ($140.49M) | ($125.11M) | ($110.05M) | ($102.76M) | ($96.71M) | ($98.40M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $9.56M | ($6.08M) | ($1.36M) | ($2.34M) | $2.57M | $3.10M |
| Investing Cash Flow | $4.58M | ($5.97M) | ($1.90M) | ($4.33M) | ($16.93M) | ($506.1K) |
| Financing Cash Flow | ($13.52M) | $12.13M | ($5.98M) | $7.81M | $15.27M | $1.51M |
| CapEx | $251.0K | $4.68M | $259.0K | $836.0K | $545.1K | $443.6K |
| Free Cash Flow | $9.31M | ($10.77M) | ($1.62M) | ($3.18M) | $2.02M | $2.65M |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 17.0% | 17.3% | 17.4% | 17.2% | 18.5% | 19.3% |
| Operating margin | -2.5% | -1.5% | 1.0% | 0.5% | 3.0% | 0.8% |
| EBITDA margin | -0.4% | 1.7% | 4.3% | 3.9% | 4.6% | 1.9% |
| Net margin | -6.1% | -5.2% | -2.5% | -2.1% | 1.1% | 1.0% |
| Free cash flow margin | 3.7% | -3.7% | -0.6% | -1.1% | 1.3% | 2.7% |
| FCF / Net income | -0.60 | 0.71 | 0.22 | 0.53 | 1.20 | 2.57 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 15.0% | 13.7% | 13.1% | 13.3% | 14.0% | 17.4% |
| Effective tax rate | - | - | - | - | 16.0% | 19.7% |
| Return on assets | -10.6% | -8.6% | -4.1% | -3.3% | 1.0% | 1.0% |
| Return on equity | -38.0% | -27.8% | -11.0% | -8.5% | 2.3% | 1.5% |
| Return on invested capital | -4.7% | -2.7% | 1.7% | 0.8% | 2.9% | 0.8% |
| Liquidity | ||||||
| Current ratio | 1.30 | 1.69 | 1.35 | 1.52 | 1.33 | 1.51 |
| Quick ratio | 1.30 | 1.69 | 1.35 | 1.52 | 1.33 | 1.51 |
| Cash ratio | 0.03 | 0.01 | 0.01 | 0.25 | 0.22 | 0.44 |
| Leverage | ||||||
| Debt / Equity | 1.58 | 1.41 | 0.98 | 0.99 | 0.85 | 0.07 |
| Debt / Assets | 0.44 | 0.43 | 0.36 | 0.39 | 0.36 | 0.04 |
| Debt / EBITDA | - | 15.44 | 5.21 | 6.38 | 8.80 | 2.37 |
| Interest coverage | -0.7x | -0.4x | 0.3x | 0.2x | 1.9x | 1.1x |
| Equity multiplier | 3.59 | 3.24 | 2.67 | 2.55 | 2.39 | 1.50 |
| Liabilities / Assets | 0.72 | 0.69 | 0.63 | 0.61 | 0.58 | 0.33 |
| Efficiency | ||||||
| Asset turnover | 1.72 | 1.64 | 1.63 | 1.57 | 0.89 | 0.97 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 71d | 79d | 74d | 59d | 94d | 64d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 60d | 57d | 59d | 45d | 76d | 57d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | 86.8x | 46.2x |
| P / B | 1.0x | 2.5x | 2.2x | 1.7x | 2.0x | 0.6x |
| P / S | 0.2x | 0.5x | 0.5x | 0.4x | 0.9x | 0.4x |
| EV / EBITDA | - | 42.5x | 17.1x | 16.3x | 27.9x | 18.7x |
| Growth | ||||||
| Revenue growth (YoY) | -13.3% | 0.1% | 1.5% | 82.4% | 57.8% | -0.3% |
| Revenue CAGR (3y) | -4.1% | 22.8% | 43.0% | 42.1% | 4.0% | -10.7% |
| Revenue CAGR (5y) | 20.5% | 23.9% | 15.8% | 15.5% | -3.3% | -10.3% |
| Gross profit growth (YoY) | -14.9% | -0.1% | 2.5% | 69.5% | 51.3% | 1.8% |
| Operating income growth (YoY) | -38.0% | - | 101.0% | -69.6% | 516.2% | 26.0% |
| Net income growth (YoY) | -2.1% | -106.6% | -20.6% | - | 63.5% | - |
| EPS growth (YoY) | 0.0% | -102.8% | -16.1% | - | 60.0% | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | - | -564.1% | 49.0% | - | -23.9% | 24.6% |
| FCF CAGR (5y) | 28.5% | - | - | - | - | 6.0% |
| Book value growth (YoY) | -25.2% | -18.3% | -6.8% | -3.4% | 8.2% | 10.4% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-12-31.
Product / service
$250.53M totalServices$237.59M · 94.8%
Product Sales And Other$12.63M · 5.0%
Management Fee$311.0K · 0.1%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.99
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
4/9
Neutral
- ✗Net income positive
- ✓Operating cash flow positive
- ✗ROA improved YoY
- ✓Cash flow > net income
- ✓Long-term debt decreased
- ✗Current ratio improved
- ✗No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Refuse Systems
Comparing Quest Resource Holding Corp against the 5 most active filers in the same SIC group.