Quarterly ResultMay 7, 2026, 04:03 PM
Quest Resource Q1 Revenue $61.7M, Net Loss $(2.3)M
AI Summary
Quest Resource Holding Corp reported Q1 2026 financial results, with revenue of $61.7 million, a 9.8% decrease year-over-year but a 4.8% increase sequentially. The company posted a GAAP net loss of $(2.3) million, or $(0.11) per share, a significant improvement from the $(10.4) million loss in Q1 2025. Adjusted EBITDA increased to $1.8 million. The company also highlighted new customer wins, a new contract with a large quick-service restaurant franchisee, and a $2.0 million debt paydown using its refinanced ABL facility, alongside a 26% reduction in SG&A.
Key Highlights
- Q1 2026 Revenue was $61.7 million, down 9.8% YoY but up 4.8% sequentially.
- Q1 2026 GAAP Net Loss was $(2.3) million, or $(0.11) per share, an improvement from $(10.4) million in Q1 2025.
- Q1 2026 Adjusted EBITDA increased to $1.8 million from $1.6 million in Q1 2025.
- Gross profit was $9.7 million, down 11.6% YoY but up 6.1% sequentially.
- Signed a new contract in April with a large quick-service restaurant franchisee, launching in May.
- Paid down $2.0 million of higher rate term debt using a recently refinanced ABL credit facility.
- Reduced Selling, General, and Administrative (SG&A) expenses by approximately 26% compared to Q1 2025.