Quest Resource (US:QRHC) Globenewswire·2025-11-10 21:05Core Insights - Quest Resource Holding Corporation reported a revenue of $63.3 million for Q3 2025, reflecting a 13.0% decrease compared to Q3 2024 but a 6.4% increase from Q2 2025 [5] - The company achieved an adjusted EBITDA of $2.9 million, up from $2.5 million in Q3 2024, indicating operational improvements [5] - Year-to-date, the company reduced its debt by $11.2 million, representing a 14% reduction, and improved operating cash flow by 45% to $5.7 million in Q3 2025 [5][6] Financial Performance - Revenue for the nine months ended September 30, 2025, was $191.3 million, a 12.5% decrease from the same period in 2024 [5] - Gross profit for Q3 2025 was $11.5 million, a 2.0% decrease from Q3 2024, but a 3.9% increase from Q2 2025 [5] - The GAAP net loss for Q3 2025 was $(1.3) million, an improvement from a net loss of $(3.4) million in Q3 2024 [5] Strategic Initiatives - The company is implementing strategic actions to enhance operational efficiencies, which are beginning to show positive results in financial performance [4] - Quest's CEO highlighted the effectiveness of Operational Excellence initiatives in improving customer visibility and sales productivity [6] - The company signed a new contract in the food products sector, contributing to organic growth [5] Market Position - Quest is positioned as a national leader in environmental waste and recycling services, focusing on helping businesses meet their sustainability goals [8] - The company aims to provide tailored solutions across various industry sectors, enhancing its competitive edge in the market [8]