Quest Resource Holding Corporat
1.5600-0.01 (-0.64%)
Oct 29, 4:00:01 PM EDT · NasdaqCM · QRHC · USD
Key Stats
Market Cap
32.31MP/E (TTM)
-Basic EPS (TTM)
-1.21Dividend Yield
0%Recent Filings
8-K
10-Q
Q2 FY2025 results
Quest Resource Holding posted Q2 revenue of $59.5M, down 18.6% y/y from $73.1M amid the mall business sale and industrial softness, yet gross margin held steady at 18.5% on performance gains offsetting new-client costs. Operating income swung to a slim $0.4M gain from $1.8M y/y, while YTD swung to a $7.8M loss from $3.7M profit, hit by a $4.5M asset sale loss and $1.7M impairment; net loss widened to $2.0M from $1.5M, with the gap to operating tied to $2.4M interest. EPS tallied $(0.09) on 20.9M diluted shares, consistent with no anti-dilution. Cash edged to $0.4M, FCF at $2.7M (derived) from $2.8M ops minus $0.2M capex, while total debt fell to $73.8M including a $51.4M Monroe term loan at 11.94% maturing 2030; ABL availability stood at $39.5M of $45M with covenants met post-amendment. The March 2025 mall asset sale fetched $5.0M cash for debt paydown, plus up to $6.5M milestones over three years. Customer concentration lingers as a risk.
8-K
Q2 revenue dips, EBITDA rises
Quest Resource Holding reported Q2 2025 revenue of $59.5 million, down 18.6% year-over-year, yet gross profit edged up 1.0% sequentially to $11.0 million with margins steady at 18.5%. Adjusted EBITDA improved to $2.7 million from $1.6 million in Q1, fueled by operational tweaks and $3.9 million in cash flow. Debt dropped $6.6 million year-to-date. New client wins signal growth amid industrial softness.
8-K
Annual meeting approvals secured
Quest Resource Holding Corporation's stockholders approved all proposals at the July 8, 2025 Annual Meeting, electing Glenn A. Culpepper and Sarah R. Tomolonius as Class I directors for three-year terms. They endorsed 2024 executive compensation via advisory vote and favored annual say-on-pay frequency. Semple, Marchal & Cooper, LLP's appointment as auditors for 2025 was ratified overwhelmingly. Strong support signals investor confidence in governance.
8-K
Quest Resource Holding Corporation has entered into amendments to its credit facilities with Monroe Capital Management Advisors, LLC and PNC Bank, National Association. The Monroe Seventh Amendment waives Q1 2025 financial covenant testing and modifies interest rates and covenants. The PNC Sixth Amendment adjusts financial covenants and imposes a $117,412.13 fee. The Intercreditor Agreement amendment updates priorities between ABL and Term Loan obligations. These changes support the company's financial strategy and compliance with lender requirements.
The filing is a 8-K report from Quest Resource Holding Corporation, detailing amendments to credit agreements and an intercreditor agreement. It includes the Monroe Seventh Amendment to Credit Agreement, dated May 12, 2025, amending the existing agreement to waive financial covenant testing for Q1 2025 and modify interest rates and financial covenants. The PNC Sixth Amendment to Loan, Security and Guaranty Agreement, also dated May 12, 2025, adjusts financial covenants and includes a $117,412.13 amendment fee. The Fourth Amendment to Intercreditor Agreement, dated the same day, updates terms for ABL and Term Loan priorities. The amendments reflect ongoing financial arrangements with Monroe Capital and PNC Bank, ensuring compliance and operational continuity.
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