Quest Resource Holding Corp 2026年季度报告

☒QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIESEXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2026 Commission file number: 001-36451 Quest Resource Holding Corporation (Exact Name of Registrant as Specified in its Charter) Nevada(State or other Jurisdiction ofIncorporation or Organization) 51-0665952(I.R.S. EmployerIdentification No.) 433 E. Las Colinas Boulevard, Suite 675Irving, Texas 75039(Address of Principal Executive Offices and Zip Code) (972) 464-0004(Registrant’s Telephone Number, Including Area Code) Securities registered pursuant to Section 12(b) of the Act: Name of each exchange on which registeredNASDAQ Indicate by check mark whether the registrant: (1) has filed all reports required to be filed by Section 13 or 15(d) of the SecuritiesExchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file suchreports), and (2) has been subject to such filing requirements for the past 90 days.Yes☒No☐ Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submittedpursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period thatthe registrant was required to submit such files).Yes☒No☐ Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smallerreporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smallerreporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. Large accelerated filerNon-accelerated filerEmerging growth company If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period forcomplying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.☐ Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).Yes☐No☒ As of May 4, 2026, there were 21,013,620 shares of the registrant’s common stock, $0.001 par value, outstanding. TABLE OF CONTENTS PART I. FINANCIAL INFORMATION Item 1. Financial Statements (Unaudited)2Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations16Item 3. Quantitative and Qualitative Disclosures About Market Risk22Item 4. Controls and Procedures22 PART I. FINANCIAL INFORMATION QUEST RESOURCE HOLDING CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED BALANCE SHEETS(In Thousands, Except Par Value Amounts) QUEST RESOURCE HOLDING CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS(UNAUDITED)(In Thousands, Except Per Share Amounts) Three Months Ended March 31,20262025Revenue$61,735$68,430Cost of revenue52,07057,499Gross profit9,66510,931Operating expenses:Selling, general, and administrative8,38911,412Depreciation and amortization1,0451,543(Gain) loss on sale of assets, net(11)4,430Impairment loss—1,707Total operating expenses9,42319,092Operating income (loss)242(8,161)Interest expense(2,050)(2,267)Loss on extinguishment of debt(488)—Loss before taxes(2,296)(10,428)Income tax expense (benefit)22(22)Net loss$(2,318)$(10,406)Net loss per share applicable to common shareholdersBasic and diluted$(0.11)$(0.50)Weighted average number of common shares outstandingBasic and diluted21,19720,859 QUEST RESOURCE HOLDING CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY(UNAUDITED)(In Thousands) 4The accompanying notes are an integral part of these condensed consolidated financial statements. QUEST RESOURCE HOLDING CORPORATION AND SUBSIDIARIESCONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED)(In Thousands) QUEST RESOURCE HOLDING CORPORATION AND SUBSIDIARIESNOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS(UNAUDITED) 1. The Company and Description of Business The accompanying condensed consolidated financial statements include the accounts of Quest Resource Holding Corporation(“QRHC”) and its subsidiaries, Quest Resource Management Group, LLC (“Quest”), Quest Equipment, LLC, Youchange, Inc.,Quest Vertigent Corporation, Quest Vertigent One, LLC, Quest Sustainability Services, Inc.and Global Alerts, LLC (collectively,“we”, “us”, or “our company”). We are a national provider of waste and recycling management services to customers from across multiple industry sectors that aretypically larger, multi-location businesses. We create customer-specific programs and perform the related services for thecollection, processing, recycling, disposal, and tracking of waste streams and recyclables to maximize resource utilization. Ourprograms and services also enable our customers to address their business sustainability and environmental, social and governancegoals and responsibilities, while also receiving optimized o