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Quest Resource Holding Corporation Reports Third Quarter 2026 Financial Results

Globe Newswire•05/11/2026•16:05 ET
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Key Highlights

  • ➤Revenue was $63.8 million, up 0.7% year over year
  • ➤Gross margin reached 17.8%, expanding 150 basis points sequentially
  • ➤Adjusted EBITDA was $3.4 million, versus $2.9 million year over year
  • ➤GAAP net loss narrowed to $(0.5) million from $(1.3) million
  • ➤Added experienced Senior Vice President of Technology to leadership team

Expert Statements

Perry W. Moss, Chief Executive Officer of Quest Resource Holding Corporation

“Our third quarter results reflect the progress we are making in building a more balanced and diversified business, as consistent performance across our broader portfolio and continued operating efficiencies drove Adjusted EBITDA growth both sequentially and compared to the prior year period. We continue to expand share of wallet with existing customers, and we are encouraged by the quality of opportunities in our sales pipeline, including several large national brands. Having made significant progress building a more efficient operating foundation, we are now investing in our team and capabilities to capture these opportunities. We believe the growing diversification of our customer portfolio across market verticals mitigates sector-specific risk and supports our long-term growth.”

Brett Johnston, Chief Financial Officer of Quest Resource Holding Corporation

“Margin improvement with our industrial customers and the ongoing optimization of our service network drove a 150-basis point sequential increase in gross margin. Combined with our disciplined approach to cost management, which led to meaningful year-over-year SG&A savings, this increase in gross margin translated to strong Adjusted EBITDA growth sequentially and year-over-year. On the balance sheet, we continue to refine our working capital initiatives and will maintain a strong focus on cash flow generation and debt reduction as we move forward.”

Gross Profit increased by 9.1%, sequentially driven by Gross Margin expansion of 150 basis points

Improved financial results demonstrate strong operating leverage and the benefits of revenue diversification efforts

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