Quest Resource Financials
This page shows Quest Resource (QRHC) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 15 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2024 annual data. Scores normalized against common benchmarks. How we calculate these scores
Quest Resource has an operating margin of -1.6%, meaning the company retains $-2 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from 1.0% the prior year.
Quest Resource's revenue grew a modest 0.1% year-over-year to $288.5M. This slow but positive growth earns a score of 29/100.
Quest Resource has a moderate D/E ratio of 1.41. This balance of debt and equity financing earns a leverage score of 59/100.
Quest Resource's current ratio of 1.69 indicates adequate short-term liquidity, earning a score of 48/100. The company can meet its near-term obligations, though with limited headroom.
While Quest Resource generated -$6.1M in operating cash flow, capex of $4.7M consumed most of it, leaving -$10.8M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Quest Resource passes 3 of 9 financial strength tests. 1 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Quest Resource generates $0.40 in operating cash flow (-$6.1M OCF vs -$15.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Quest Resource earns $-0.4 in operating income for every $1 of interest expense (-$4.5M vs $10.3M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Quest Resource generated $288.5M in revenue in fiscal year 2024. This represents an increase of 0.1% from the prior year.
Quest Resource's EBITDA was $4.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 60.1% from the prior year.
Quest Resource generated -$10.8M in free cash flow in fiscal year 2024, representing cash available after capex. This represents a decrease of 564.3% from the prior year.
Quest Resource reported -$15.1M in net income in fiscal year 2024. This represents a decrease of 106.6% from the prior year.
Quest Resource earned $-0.73 per diluted share (EPS) in fiscal year 2024. This represents a decrease of 102.8% from the prior year.
Quest Resource held $396K in cash against $76.3M in long-term debt as of fiscal year 2024.
Quest Resource had 21M shares outstanding in fiscal year 2024. This represents an increase of 2.2% from the prior year.
Quest Resource's gross margin was 17.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is down 0.0 percentage points from the prior year.
Quest Resource's operating margin was -1.6% in fiscal year 2024, reflecting core business profitability. This is down 2.5 percentage points from the prior year.
Quest Resource's net profit margin was -5.2% in fiscal year 2024, showing the share of revenue converted to profit. This is down 2.7 percentage points from the prior year.
Quest Resource invested $4.7M in capex in fiscal year 2024, funding long-term assets and infrastructure. This represents an increase of 1708.1% from the prior year.
QRHC Income Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $63.3M+6.4% | $59.5M-13.0% | $68.4M-2.2% | $70.0M-4.3% | $73.1M+0.7% | $72.7M+4.8% | $69.3M-1.5% | $70.4M |
| Cost of Revenue | $51.9M+7.0% | $48.5M-15.6% | $57.5M-2.9% | $59.2M-0.6% | $59.6M+1.7% | $58.6M+1.3% | $57.8M-0.3% | $58.0M |
| Gross Profit | $11.5M+3.9% | $11.0M+1.0% | $10.9M+1.9% | $10.7M-20.7% | $13.5M-3.6% | $14.0M+22.1% | $11.5M-7.5% | $12.4M |
| R&D Expenses | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| SG&A Expenses | $9.2M-0.6% | $9.3M-18.6% | $11.4M+13.1% | $10.1M+7.5% | $9.4M-4.2% | $9.8M+4.0% | $9.4M-2.1% | $9.6M |
| Operating Income | $1.1M+181.4% | $382K+104.7% | -$8.2M-13.7% | -$7.2M-502.7% | $1.8M-5.0% | $1.9M+791.4% | -$271K-157.9% | $469K |
| Interest Expense | $2.4M+0.6% | $2.4M+4.8% | $2.3M-9.5% | $2.5M-4.1% | $2.6M+5.7% | $2.5M+6.5% | $2.3M-3.6% | $2.4M |
| Income Tax | $35K+259.1% | -$22K0.0% | -$22K+87.4% | -$174K-125.4% | $684K+1059.3% | $59K+122.4% | -$263K-337.1% | $111K |
| Net Income | -$1.3M+31.6% | -$2.0M+81.1% | -$10.4M-9.4% | -$9.5M-528.0% | -$1.5M-131.1% | -$655K+71.9% | -$2.3M-13.6% | -$2.1M |
| EPS (Diluted) | $-0.06+33.3% | $-0.09+82.0% | $-0.50-6.4% | $-0.47-571.4% | $-0.07-133.3% | $-0.03+75.0% | $-0.12-20.0% | $-0.10 |
QRHC Balance Sheet
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $149.3M-2.5% | $153.1M-7.6% | $165.7M-5.7% | $175.6M-3.4% | $181.8M+1.6% | $179.0M+1.0% | $177.1M+3.9% | $170.4M |
| Current Assets | $54.0M-4.8% | $56.7M-16.6% | $68.0M-9.5% | $75.1M+13.9% | $66.0M+5.0% | $62.9M+3.7% | $60.6M+13.2% | $53.5M |
| Cash & Equivalents | $1.1M+155.2% | $449K-68.6% | $1.4M+261.1% | $396K-58.6% | $958K+64.8% | $581K+79.3% | $324K-62.8% | $870K |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $50.7M-5.4% | $53.7M-16.4% | $64.2M+3.1% | $62.3M-0.3% | $62.5M+3.4% | $60.4M+3.9% | $58.1M+16.5% | $49.9M |
| Goodwill | $81.1M0.0% | $81.1M0.0% | $81.1M0.0% | $81.1M-5.5% | $85.8M0.0% | $85.8M0.0% | $85.8M+1.9% | $84.3M |
| Total Liabilities | $107.3M-2.6% | $110.1M-9.2% | $121.3M-0.2% | $121.5M+4.6% | $116.2M+3.1% | $112.7M+1.6% | $110.8M+7.9% | $102.8M |
| Current Liabilities | $40.8M+2.5% | $39.8M-14.3% | $46.5M+4.7% | $44.4M+0.1% | $44.4M+3.1% | $43.0M-4.2% | $44.9M+0.8% | $44.6M |
| Long-Term Debt | $65.4M-6.2% | $69.7M-6.0% | $74.1M-2.8% | $76.3M+7.8% | $70.7M+3.3% | $68.5M+5.9% | $64.6M+13.8% | $56.8M |
| Total Equity | $42.0M-2.2% | $42.9M-3.2% | $44.4M-18.1% | $54.2M-17.4% | $65.6M-1.1% | $66.3M0.0% | $66.3M-2.1% | $67.7M |
| Retained Earnings | -$138.8M-1.0% | -$137.5M-1.5% | -$135.5M-8.3% | -$125.1M-11.5% | -$112.2M-1.4% | -$110.7M-0.6% | -$110.0M-2.2% | -$107.7M |
QRHC Cash Flow Statement
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $5.7M+45.0% | $3.9M+468.9% | -$1.1M+77.8% | -$4.8M-689.9% | $808K+148.9% | -$1.7M+79.4% | -$8.0M-2394.0% | $350K |
| Capital Expenditures | $29K+222.2% | $9K-94.6% | $168K-59.6% | $416K-81.4% | $2.2M+16.3% | $1.9M+3455.5% | $54K+36.7% | $40K |
| Free Cash Flow | $5.6M+44.6% | $3.9M+417.6% | -$1.2M+76.3% | -$5.2M-262.9% | -$1.4M+60.1% | -$3.6M+55.8% | -$8.1M-2703.8% | $310K |
| Investing Cash Flow | -$287K+8.3% | -$313K-106.9% | $4.5M+687.5% | -$774K+70.0% | -$2.6M-14.1% | -$2.3M-253.7% | -$640K-51.8% | -$422K |
| Financing Cash Flow | -$4.7M-2.3% | -$4.6M-86.2% | -$2.5M-151.1% | $4.8M+123.2% | $2.2M-48.4% | $4.2M-48.6% | $8.1M+498.6% | -$2.0M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
QRHC Financial Ratios
| Metric | Q3'25 | Q2'25 | Q1'25 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 18.1%-0.4pp | 18.5%+2.6pp | 16.0%+0.6pp | 15.3%-3.2pp | 18.5%-0.8pp | 19.3%+2.7pp | 16.6%-1.1pp | 17.6% |
| Operating Margin | 1.7%+1.1pp | 0.6%+12.6pp | -11.9%-1.7pp | -10.3%-12.7pp | 2.4%-0.1pp | 2.6%+3.0pp | -0.4%-1.1pp | 0.7% |
| Net Margin | -2.1%+1.2pp | -3.3%+11.9pp | -15.2%-1.6pp | -13.6%-11.5pp | -2.1%-1.2pp | -0.9%+2.5pp | -3.4%-0.4pp | -2.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -0.9%+0.4pp | -1.3%+5.0pp | -6.3%-0.9pp | -5.4%-4.6pp | -0.8%-0.5pp | -0.4%+0.9pp | -1.3%-0.1pp | -1.2% |
| Current Ratio | 1.32-0.1 | 1.42-0.0 | 1.46-0.2 | 1.69+0.2 | 1.49+0.0 | 1.46+0.1 | 1.35+0.1 | 1.20 |
| Debt-to-Equity | 1.56-0.1 | 1.62-0.0 | 1.67+0.3 | 1.41+0.3 | 1.08+0.0 | 1.03+0.1 | 0.98+0.1 | 0.84 |
| FCF Margin | 8.9%+2.4pp | 6.5%+8.3pp | -1.8%+5.6pp | -7.4%-5.5pp | -1.9%+3.0pp | -4.9%+6.7pp | -11.7%-12.1pp | 0.4% |
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Frequently Asked Questions
What is Quest Resource's annual revenue?
Quest Resource (QRHC) reported $288.5M in total revenue for fiscal year 2024. This represents a 0.1% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Quest Resource's revenue growing?
Quest Resource (QRHC) revenue grew by 0.1% year-over-year, from $288.4M to $288.5M in fiscal year 2024.
Is Quest Resource profitable?
No, Quest Resource (QRHC) reported a net income of -$15.1M in fiscal year 2024, with a net profit margin of -5.2%.
What is Quest Resource's earnings per share (EPS)?
Quest Resource (QRHC) reported diluted earnings per share of $-0.73 for fiscal year 2024. This represents a -102.8% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Quest Resource's EBITDA?
Quest Resource (QRHC) had EBITDA of $4.9M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Quest Resource have?
As of fiscal year 2024, Quest Resource (QRHC) had $396K in cash and equivalents against $76.3M in long-term debt.
What is Quest Resource's gross margin?
Quest Resource (QRHC) had a gross margin of 17.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Quest Resource's operating margin?
Quest Resource (QRHC) had an operating margin of -1.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Quest Resource's net profit margin?
Quest Resource (QRHC) had a net profit margin of -5.2% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Quest Resource's free cash flow?
Quest Resource (QRHC) generated -$10.8M in free cash flow during fiscal year 2024. This represents a -564.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Quest Resource's operating cash flow?
Quest Resource (QRHC) generated -$6.1M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Quest Resource's total assets?
Quest Resource (QRHC) had $175.6M in total assets as of fiscal year 2024, including both current and long-term assets.
What are Quest Resource's capital expenditures?
Quest Resource (QRHC) invested $4.7M in capital expenditures during fiscal year 2024, funding long-term assets and infrastructure.
How many shares does Quest Resource have outstanding?
Quest Resource (QRHC) had 21M shares outstanding as of fiscal year 2024.
What is Quest Resource's current ratio?
Quest Resource (QRHC) had a current ratio of 1.69 as of fiscal year 2024, which is generally considered healthy.
What is Quest Resource's debt-to-equity ratio?
Quest Resource (QRHC) had a debt-to-equity ratio of 1.41 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Quest Resource's return on assets (ROA)?
Quest Resource (QRHC) had a return on assets of -8.6% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Quest Resource's cash runway?
Based on fiscal year 2024 data, Quest Resource (QRHC) had $396K in cash against an annual operating cash burn of $6.1M. This gives an estimated cash runway of approximately 1 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Quest Resource's Piotroski F-Score?
Quest Resource (QRHC) has a Piotroski F-Score of 3 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Quest Resource's earnings high quality?
Quest Resource (QRHC) has an earnings quality ratio of 0.40x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Quest Resource cover its interest payments?
Quest Resource (QRHC) has an interest coverage ratio of -0.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Quest Resource?
Quest Resource (QRHC) scores 27 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.