Quest Resource Holding Corp (QRHC)
NASDAQIndustrialsWaste ManagementSnapshot 2026-09-04
NASDAQIndustrialsWaste ManagementSnapshot 2026-09-04
QuarterlyIQ Insights · QRHC
How strong the business is — where it ranks within its sector on capital efficiency and cash generation, and how well management has been executing.
How management runs the business: capital, margins, balance sheet, and how reliably they guide and deliver.
A guidance track record builds as the company issues and delivers on guidance.
Priorities management has stated in recent disclosures, with status and evidence drawn from earnings calls, filings, and press releases.
Focus on increasing revenue by securing new customers and expanding wallet share with existing customers.
Stated as a priority in 2 of last 2 quarters. Revenue increased from $61.7 million in 2026-Q1 to $64.1 million in 2026-Q2, a 3.8% sequential increase, driven by new customer wins and wallet share expansions. The trajectory is delivering with sequential revenue growth and onboarding of new contracts.
“Second quarter was driven by strong contributions from new customer wins and wallet share expansions onboarded during late 2025 and early 2026.”
“Successfully onboarded recent new customer wins and wallet share expansions with existing customers, fully contributing to financial results.”
Continue initiatives to reduce costs and improve productivity to generate stronger operating cash flow.
Stated as a priority in 2 of last 2 quarters. Operating cash flow increased significantly from $0.19 million in 2026-Q1 to $4.46 million in 2026-Q2, supported by SG&A reductions of 11-26% year-over-year. The trajectory shows delivering progress on cost optimization and cash flow improvement.
“Productivity initiatives drove an 11% reduction in SG&A compared to prior year period and strong operating cash flow of $4.5 million.”
“Reduced SG&A in the first quarter by roughly 26% compared to prior year and focused on Operational Excellence initiatives to drive cash flow.”
Continue voluntary paydowns of higher rate term debt to reduce interest costs and improve financial flexibility.
Stated as a priority in 2 of last 2 quarters. The company reduced term debt by $2.0 million in both 2026-Q1 and 2026-Q2, totaling $4.0 million year-to-date, supported by strong operating cash flow. The trajectory is delivering on debt reduction and interest expense mitigation.
“Strong operating cash flow of $4.5 million facilitated voluntary reduction of $2.0 million of term debt, totaling $4.0 million year-to-date.”
“Utilized refinanced credit facility to pay down $2.0 million of higher rate term debt, reducing expected interest expense.”
Implement operational improvements to enhance productivity and drive financial performance as conditions normalize.
Stated as a priority in 2 of last 2 quarters. Operational Excellence initiatives contributed to an 11% SG&A reduction in 2026-Q2 and improved cash flow, indicating progress. The trajectory is delivering with ongoing productivity improvements.
“We remain focused on executing our Operational Excellence initiatives to drive productivity enhancements and expect improved financial results as conditions normalize.”
“Leveraging Operational Excellence initiatives to drive cash flow and improve cash conversion cycle.”
Prepare the business to achieve significant improvement in performance as macroeconomic and operating conditions improve.
Stated as a priority in 2 of last 2 quarters. While revenue grew modestly and adjusted EBITDA improved sequentially, net losses remain significant. Management's positioning for inflection is ongoing with limited current financial inflection but positive trajectory.
“We expect to deliver improved financial results as conditions normalize.”
“We remain confident that we are taking the right measures to position the business for a meaningful inflection when conditions normalize.”
Each factor is a parallel diagnostic with a clear read of what it shows and how names like it have historically fared. Never aggregated into a single score.
Operating income rose in 0 of the last 3 quarter-over-quarter moves. Historically, Industrials names rated weak grew net income 53% of the time over the next year (vs 58% for the rest of the cohort, n=6963).
Over the trailing year it converted 0.67x of net income into operating cash flow.
Most sensitive to the broad stock market.
Not enough signal to read sensitivity to the US dollar, Fed net liquidity, real (inflation-adjusted) rates, long-term interest rates (low R² over the window).
13 material management or governance events in the past 24 months, led by capital-allocation actions. Historically, Industrials names rated neutral grew net income 58% of the time over the next year (vs 56% for the rest of the cohort, n=3431).
Not investment advice. As of 2026-09-04.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.