Quest Resource Holding Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 6, 2026, reporting a net loss of $495 thousand for the third quarter and $15.030 million for the first nine months of the year.

Key Highlights

  • Third-quarter revenue: $63.779 million for the three months ended September 30, 2026, compared with $63.341 million in the same period of 2025, according to the filing.
  • Nine-month net loss: $(15.030) million for the nine months ended September 30, 2026, versus $(13.726) million for the same period of 2025.
  • Goodwill impairment: The company recorded an impairment loss of $11.000 million in the nine months ended September 30, 2026, with no comparable charge in Q3 2026 alone.
  • Accumulated deficit: $(155.523) million as of September 30, 2026, up from $(140.493) million as of December 31, 2025.
  • Total assets: $133.276 million as of September 30, 2026, compared with $145.551 million at December 31, 2025.
  • Shares outstanding: 21,261,193 shares of common stock as of November 2, 2026, with a par value of $0.001 per share.
  • Operating cash flow: Net cash provided by operating activities was $4.400 million for the nine months ended September 30, 2026, compared with $8.506 million for the same period of 2025.

Quest Resource Q3 2026 Financial Results: Revenue, Losses, and Impairment Charges

According to the filing, Quest Resource Holding Corporation (NASDAQ:QRHC) reported revenue of $63.779 million for the third quarter of 2026, a slight increase from $63.341 million in Q3 2025. Gross profit for the quarter was $11.383 million, compared with $11.467 million in the prior-year period. The company disclosed operating income of $1.696 million for Q3 2026, compared with $1.075 million in Q3 2025, though interest expense of $(2.153) million brought the quarter to a net loss of $(495) thousand, or $(0.02) per basic and diluted share.

For the nine months ended September 30, 2026, the company reported revenue of $189.583 million, down from $191.311 million in the same period of 2025. The filing disclosed an operating loss of $(8.025) million for the nine-month period, driven in part by an $11.000 million impairment loss and a loss on sale of assets of $277 thousand. Total interest expense for the nine months was $(6.411) million, and the company also recognized a loss on extinguishment of debt of $(488) thousand, contributing to a loss before taxes of $(14.924) million and a net loss of $(15.030) million.

The balance sheet as of September 30, 2026, showed total assets of $133.276 million and total liabilities of $106.669 million, leaving total stockholders' equity of $26.607 million. Goodwill declined to $70.065 million from $81.065 million at December 31, 2025, reflecting the impairment charge recorded during the period. Cash and cash equivalents were $943 thousand at September 30, 2026, compared with $1.014 million at December 31, 2025. The filing noted that notes payable, net, stood at $60.013 million as of September 30, 2026.

What Was Disclosed

Quest Resource Holding Corporation filed a quarterly report covering the three and nine months ended September 30, 2026, disclosing revenue, net losses, an $11.000 million impairment charge, balance sheet figures, and cash flow data, with 21,261,193 shares outstanding as of November 2, 2026.