QRHCNasdaqRefuse SystemsUS GAAP · USD

Quest Resource Holding Corp

Quest Resource Holding Corp. is a U.S.-based waste and recycling management company that designs and runs customer-specific programs for the collection, processing, recycling, disposal, and tracking of waste streams and recyclables. Its services are used by large, multi-location businesses across multiple industries, with an emphasis on centralized program management, compliance, and resource recovery.

Liikevaihto250milj. USD
−13,3 %v/v
Liikevoitto (EBIT)−6,2milj. USD
−38,0 %v/v
EBIT-marginaali−2,5%
−0,9 %-yks.v/v
Nettotulos−15,4milj. USD
−2,1 %v/v
Vapaa kassavirta9,3milj. USD
+186,4 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

−1000100200300milj. USD2020: 99 milj. USD2020: EBIT 0,75 milj. USD20202021: 156 milj. USD2021: EBIT 4,5 milj. USD20212022: 284 milj. USD2022: EBIT 1,4 milj. USD20222023: 288 milj. USD2023: EBIT 2,8 milj. USD20232024: 289 milj. USD2024: EBIT −4,5 milj. USD20242025: 250 milj. USD2025: EBIT −6,2 milj. USD2025250−6,2
LiikevaihtoLiikevoitto (EBIT)

Liiketoiminta

Osuus liikevaihdosta
Waste and recycling management services70 %

Customer-specific programs for collection, processing, disposal, and recycling of waste streams.

Commodity and recyclable material sales15 %

Revenue from selling recovered materials such as cardboard, metal, paper, plastics, and oil-related recyclables.

Program management and fee-based services10 %

Recurring management fees, contracted pricing, and shared-savings arrangements.

Ancillary products and equipment5 %

Products and equipment such as antifreeze, windshield washer fluid, dumpsters, and compactors.

Tuotteet

Raportoitu · osuus liikevaihdosta
94,8%FY2025100 %
  • Services94,8 %
  • Product Sales and Other5,0 %
  • Management Fee0,1 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Quest serves large, multi-location businesses that need centralized management of complex waste streams across many sites. Its customer base is concentrated in Fortune 1000-type accounts and spans industries such as automotive, manufacturing, logistics, hospitality, retail, healthcare, and construction. Customers buy Quest’s services to reduce waste-handling complexity, improve compliance, gain reporting visibility, and lower total disposal costs.

Large multi-location enterprises

Buy centralized waste and recycling program management to standardize service across many sites and reduce administrative burden.

Industrial and manufacturing

Buy services for production-related waste streams, recycling, and disposal tied to operating volume.

Distribution and logistics

Buy recurring waste handling and recycling support for warehouses, distribution centers, and transport facilities.

Hospitality and retail

Buy outsourced waste and recycling coordination to manage many locations with consistent service and reporting.

Healthcare and property management

Buy compliant handling of regulated and mixed waste streams plus consolidated invoicing and reporting.

Strategia

Quest’s strategy centers on winning and retaining large multi-site customers with a one-stop waste and recycling platform that combines service coordination, invoice control, and reporting. It also seeks to broaden its customer base and service mix so that revenue is less dependent on a small number of large accounts and more resilient across end markets.

Grow the installed customer baseKeskipitkä aikaväli

Diversifies revenue and reduces concentration risk from a few large accounts.

Deepen service scopeKeskipitkä aikaväli

More waste streams and ancillary services increase wallet share and switching costs.

Improve operating efficiency and billing controlLyhyt aikaväli

Invoice auditing and service optimization are core to the value proposition.

Maantiede

Quest operates as a national provider in the United States, with sales and service delivery organized around a broad domestic customer base rather than a single regional market. Its operating model depends on coordinating local haulers, processors, and recycling outlets across the country, which makes national coverage and logistics management central to the business.

Riskit

Quest is exposed to customer concentration, since a small number of large accounts can represent a meaningful share of revenue and contracts may not include firm volume commitments. It also faces commodity price volatility, competitive pressure from large waste companies, cybersecurity risk, and execution risk tied to managing a fragmented national service network.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Customer concentration1No firm volume commitments2Commodity price volatility3Competitive pressure from large waste firms4Cybersecurity and IT disruption5
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Customer concentrationVaikutus: KorkeaTodennäköisyys: Kohtalainen

    One customer represented 23% of revenue in 2025, so account loss would materially reduce sales.

    Kohdistuu: Large enterprise accounts

  2. No firm volume commitmentsVaikutus: KorkeaTodennäköisyys: Kohtalainen

    Customers can cancel, reduce, or delay services, which makes revenue less predictable.

    Kohdistuu: Multi-year service contracts

  3. Commodity price volatilityVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Sales of recyclables such as cardboard, metal, oil, and plastics depend on market prices.

    Kohdistuu: Recyclable material sales

  4. Competitive pressure from large waste firmsVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    Large landfill and disposal companies have greater scale, resources, and market recognition.

    Kohdistuu: National waste and recycling services

  5. Cybersecurity and IT disruptionVaikutus: KeskitasoTodennäköisyys: Kohtalainen

    The business relies on systems for billing, tracking, and customer reporting.

    Kohdistuu: Customer data and service operations

Kirjanpito

Harkinnanvaraiset erät
Accounts receivable reserve

Billing and collection timing matter in a service business with recurring invoices and customer-specific programs.

Vaikutus: Affects net revenue and operating cash flow

Goodwill impairment

Management must test goodwill when market capitalization or business conditions weaken.

Vaikutus: Can create large non-cash charges

Intangible asset recoverability

Customer relationship intangibles depend on future customer activity and retention.

Vaikutus: Can reduce reported earnings through impairment

Revenue mix and timing

Revenue comes from management fees, contracted pricing, shared savings, and commodity sales.

Vaikutus: Affects comparability across periods

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

Päivitetty: 24.9.2026