Quest Resource Q1 revenue falls 9.8% to $61.7 million; net loss narrows to $2.3 million
Quest Resource Holding reported first quarter 2026 results for the period ended March 31, 2026. Revenue fell 9.8% from a year earlier but rose 4.8% from the fourth quarter of 2025, and the GAAP net loss narrowed to $2.3 million from $10.4 million, a figure that included asset sale and impairment losses. For shareholders, results improved sequentially, but the company still posted a loss and management described the operating environment as difficult.
Key points
- Revenue was $61.7 million, down 9.8% from $68.4 million in Q1 2025 and up 4.8% from Q4 2025.
- GAAP net loss was $2.3 million, or $(0.11) per share, versus $10.4 million, or $(0.50) per share, in Q1 2025, which included a $4.4 million loss on asset sales and a $1.7 million impairment loss.
- Adjusted EBITDA was $1.8 million, compared with $1.6 million in Q1 2025.
- SG&A fell roughly 26% year over year; $2.0 million of higher-rate term debt was paid down using a refinanced ABL facility with Texas Capital Bank.
The filing
Written by AI on Nov 9, 2026, 10:08 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 07, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.