Quest Resource Financials
Quest Resource (QRHC) reported $248.1M in revenue over the twelve months to Jun 30, 2026, down 8.4% from the prior twelve months. This page shows its 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).
Stable gross margins are masking a shrinking, loss-making operation whose cash reversal is increasingly separated from reported earnings.
The company remained loss-making while operating cash flow turned positive in FY2025; receivables fell from$62.3M to$49.0M , so the cash reversal appears linked partly to working-capital release rather than earnings. This makes the latest cash result materially different from the underlying profit trend.
Gross margin held at
Debt-to-equity rose from 1.4x in FY2024 to 1.6x in FY2025, increasing reliance on creditors. The current ratio was 1.3x, so short-term asset coverage was thinner than the prior year's 1.7x.
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Quest Resource's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Quest Resource has an operating margin of -2.5%, meaning the company loses $2 on every $100 of revenue. This results in a profitability score of 29/100. This is down from -1.6% the prior year.
Quest Resource's revenue declined 13.3% year-over-year, from $288.5M to $250.2M. This contraction results in a growth score of 14/100.
Quest Resource has a moderate D/E ratio of 1.58. This balance of debt and equity financing earns a leverage score of 35/100.
Quest Resource's current ratio of 1.30 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.
Quest Resource has a free cash flow margin of 3.7%, earning a moderate score of 30/100. The company generates positive cash flow after capital investments, but with room for improvement.
Quest Resource posts a -38.0% return on equity (ROE), meaning it loses $38 for every $100 of shareholders' equity. This results in a returns score of 22/100. This is down from -27.8% the prior year.
Quest Resource scores 0.50, below the 1.81 distress threshold. This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Quest Resource passes 3 of 9 financial strength tests. 2 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Quest Resource reported a net loss of $15.4M while generating $9.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Quest Resource reported an operating loss of $6.2M against $9.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Quest Resource generated $250.2M in revenue in fiscal year 2025. This represents a decrease of 13.3% from the prior year.
Quest Resource's EBITDA was -$881K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 117.8% from the prior year.
Quest Resource reported -$15.4M in net income in fiscal year 2025. This represents a decrease of 2.1% from the prior year.
Quest Resource earned -$0.73 per diluted share (EPS) in fiscal year 2025. That is unchanged from the prior year.
Cash & Balance Sheet
Quest Resource generated $9.3M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 186.4% from the prior year.
Quest Resource held $1.0M in cash against $64.0M in long-term debt as of fiscal year 2025.
Not reported for fiscal year 2025.
Margins & Returns
Quest Resource's gross margin was 17.0% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 0.3 percentage points from the prior year.
Quest Resource's operating margin was -2.5% in fiscal year 2025, reflecting core business profitability. This is down 0.9 percentage points from the prior year.
Quest Resource's net profit margin was -6.2% in fiscal year 2025, showing the share of revenue converted to profit. This is down 0.9 percentage points from the prior year.
Quest Resource's ROE was -38.0% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 10.2 percentage points from the prior year.
Capital Allocation
Quest Resource invested $251K in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 94.6% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
QRHC Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $64.1M+3.8% | $61.7M+4.8% | $58.9M-7.0% | $63.3M+6.4% | $59.5M-13.0% | $68.4M-2.2% | $70.0M-3.8% | $72.8M |
| Cost of Revenue | $53.6M+3.0% | $52.1M+4.6% | $49.8M-4.0% | $51.9M+7.0% | $48.5M-15.6% | $57.5M-2.9% | $59.2M-3.0% | $61.1M |
| Gross Profit | $10.4M+7.9% | $9.7M+6.1% | $9.1M-20.6% | $11.5M+3.9% | $11.0M+1.0% | $10.9M+1.9% | $10.7M-8.3% | $11.7M |
| SG&A Expenses | $8.2M-1.7% | $8.4M+9.1% | $7.7M-16.8% | $9.2M-0.6% | $9.3M-18.6% | $11.4M+13.1% | $10.1M-1.8% | $10.3M |
| Operating Income | -$10.0M-4216.9% | $242K-55.8% | $547K-49.1% | $1.1M+181.4% | $382K+104.7% | -$8.2M-13.7% | -$7.2M-662.7% | -$941K |
| Interest Expense | $2.2M+7.7% | $2.0M-5.9% | $2.2M-8.8% | $2.4M+0.6% | $2.4M+4.8% | $2.3M-9.5% | $2.5M-8.0% | $2.7M |
| Income Tax | $46K+109.1% | $22K-12.0% | $25K-28.6% | $35K+259.1% | -$22K0.0% | -$22K+87.4% | -$174K+37.4% | -$278K |
| Net Income | -$12.2M-427.0% | -$2.3M-40.0% | -$1.7M-22.8% | -$1.3M+31.6% | -$2.0M+81.1% | -$10.4M-9.4% | -$9.5M-180.8% | -$3.4M |
| EPS (Diluted) | -$0.57-418.2% | -$0.11-57.1% | -$0.07-16.7% | -$0.06+33.3% | -$0.09+82.0% | -$0.50-8.7% | -$0.46-187.5% | -$0.16 |
Not reported in any period shown, so not listed: R&D Expenses.
QRHC Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $134.3M-9.3% | $148.0M+1.7% | $145.6M-2.5% | $149.3M-2.5% | $153.1M-7.6% | $165.7M-5.7% | $175.6M-1.4% | $178.2M |
| Current Assets | $52.3M-4.0% | $54.5M+6.4% | $51.2M-5.2% | $54.0M-4.8% | $56.7M-16.6% | $68.0M-9.5% | $75.1M+16.4% | $64.6M |
| Cash & Equivalents | $1.0M-10.2% | $1.1M+12.3% | $1.0M-11.5% | $1.1M+155.2% | $449K-68.6% | $1.4M+261.1% | $396K-65.1% | $1.1M |
| Accounts Receivable | $49.5M-4.8% | $52.1M+6.2% | $49.0M-3.4% | $50.7M-5.4% | $53.7M-16.4% | $64.2M+3.1% | $62.3M+3.5% | $60.1M |
| Goodwill | $70.1M-13.6% | $81.1M0.0% | $81.1M0.0% | $81.1M0.0% | $81.1M0.0% | $81.1M0.0% | $81.1M-5.5% | $85.8M |
| Total Liabilities | $107.5M-1.7% | $109.3M+4.1% | $105.0M-2.1% | $107.3M-2.6% | $110.1M-9.2% | $121.3M-0.2% | $121.5M+5.3% | $115.4M |
| Current Liabilities | $44.4M+4.4% | $42.5M+7.5% | $39.5M-3.1% | $40.8M+2.5% | $39.8M-14.3% | $46.5M+4.7% | $44.4M+4.4% | $42.5M |
| Long-Term Debt | $59.4M-6.4% | $63.4M-0.9% | $64.0M-2.1% | $65.4M-6.2% | $69.7M-6.0% | $74.1M-2.8% | $76.3M+6.1% | $71.9M |
| Total Equity | $26.8M-30.7% | $38.7M-4.6% | $40.5M-3.6% | $42.0M-2.2% | $42.9M-3.2% | $44.4M-18.1% | $54.2M-13.7% | $62.8M |
| Retained Earnings | -$155.0M-8.6% | -$142.8M-1.6% | -$140.5M-1.2% | -$138.8M-1.0% | -$137.5M-1.5% | -$135.5M-8.3% | -$125.1M-8.2% | -$115.6M |
Not reported in any period shown, so not listed: Inventory.
QRHC Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $4.5M+2247.9% | $190K-81.9% | $1.1M-81.4% | $5.7M+45.0% | $3.9M+468.9% | -$1.1M+77.8% | -$4.8M-903.4% | -$475K |
| Capital Expenditures | $3K-96.3% | $80K+77.8% | $45K+55.2% | $29K+222.2% | $9K-94.6% | $168K-59.6% | $416K+285.2% | $108K |
| Free Cash Flow | $4.5M+3952.7% | $110K-89.1% | $1.0M-82.1% | $5.6M+44.6% | $3.9M+417.6% | -$1.2M+76.3% | -$5.2M-788.9% | -$583K |
| Investing Cash Flow | -$292K+21.7% | -$373K-158.5% | $638K+322.3% | -$287K+8.3% | -$313K-106.9% | $4.5M+687.5% | -$774K-121.8% | -$349K |
| Financing Cash Flow | -$4.3M-1491.2% | $308K+116.9% | -$1.8M+61.1% | -$4.7M-2.3% | -$4.6M-86.2% | -$2.5M-151.1% | $4.8M+380.8% | $999K |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
QRHC Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 16.3%+0.6pp | 15.7%+0.2pp | 15.5%-2.6pp | 18.1%-0.4pp | 18.5%+2.6pp | 16.0%+0.6pp | 15.3%-0.8pp | 16.1% |
| Operating Margin | -15.6%-15.9pp | 0.4%-0.5pp | 0.9%-0.8pp | 1.7%+1.1pp | 0.6%+12.6pp | -11.9%-1.7pp | -10.3%-9.0pp | -1.3% |
| Net Margin | -19.1%-15.3pp | -3.8%-0.9pp | -2.8%-0.7pp | -2.1%+1.2pp | -3.3%+11.9pp | -15.2%-1.6pp | -13.6%-8.9pp | -4.7% |
| Return on Equity | -45.6%-39.6pp | -6.0%-1.9pp | -4.1%-0.9pp | -3.2%+1.4pp | -4.6%+18.9pp | -23.5%-5.9pp | -17.6%-12.2pp | -5.4% |
| Return on Assets | -9.1%-7.5pp | -1.6%-0.4pp | -1.1%-0.2pp | -0.9%+0.4pp | -1.3%+5.0pp | -6.3%-0.9pp | -5.4%-3.5pp | -1.9% |
| Current Ratio | 1.18-0.1x | 1.280.0x | 1.300.0x | 1.32-0.1x | 1.420.0x | 1.46-0.2x | 1.69+0.2x | 1.52 |
| Debt-to-Equity | 2.22+0.6x | 1.64+0.1x | 1.580.0x | 1.56-0.1x | 1.620.0x | 1.67+0.3x | 1.41+0.3x | 1.15 |
| FCF Margin | 7.0%+6.8pp | 0.2%-1.5pp | 1.7%-7.2pp | 8.9%+2.4pp | 6.5%+8.3pp | -1.8%+5.6pp | -7.4%-6.6pp | -0.8% |
Similar Companies
Where Quest Resource Ranks
Frequently Asked Questions
What is Quest Resource's annual revenue?
Quest Resource (QRHC) reported $250.2M in total revenue for fiscal year 2025. This represents a -13.3% 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 declined by 13.3% year-over-year, from $288.5M to $250.2M in fiscal year 2025.
Is Quest Resource profitable?
No, Quest Resource (QRHC) reported a net income of -$15.4M in fiscal year 2025, with a net profit margin of -6.2%.
What is Quest Resource's EBITDA?
Quest Resource (QRHC) had EBITDA of -$881K in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Quest Resource have?
As of fiscal year 2025, Quest Resource (QRHC) had $1.0M in cash and equivalents against $64.0M in long-term debt.
What is Quest Resource's gross margin?
Quest Resource (QRHC) had a gross margin of 17.0% in fiscal year 2025, 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 -2.5% in fiscal year 2025, 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 -6.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Quest Resource's return on equity (ROE)?
Quest Resource (QRHC) has a return on equity of -38.0% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Quest Resource's free cash flow?
Quest Resource (QRHC) generated $9.3M in free cash flow during fiscal year 2025. This represents a 186.4% 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 $9.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Quest Resource's total assets?
Quest Resource (QRHC) had $145.6M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Quest Resource's capital expenditures?
Quest Resource (QRHC) invested $251K in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Quest Resource's current ratio?
Quest Resource (QRHC) had a current ratio of 1.30 as of fiscal year 2025, which is considered adequate.
What is Quest Resource's debt-to-equity ratio?
Quest Resource (QRHC) had a debt-to-equity ratio of 1.58 as of fiscal year 2025, 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 -10.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Quest Resource's Altman Z-Score?
Quest Resource (QRHC) has an Altman Z-Score of 0.50, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
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 to 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) reported a net loss of $15.4M while generating $9.6M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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) reported an operating loss of $6.2M against $9.2M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. 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 Health Score, indicating weak standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.