Quest Resource Holding Corporation reported third quarter 2025 revenue of $63.3 million, down 13.0% from the third quarter of 2024, but up 6.4% from the previous quarter. Gross profit was $11.5 million, a 2.0% decrease year-over-year, and a 3.9% increase from the prior quarter. Gross margin rose to 18.1% from 16.1% in the third quarter of 2024. The company reported a GAAP net loss of $1.3 million, compared to a net loss of $3.4 million in the same period last year. GAAP net loss per share was $0.06, compared to $0.16 in the third quarter of 2024. Adjusted EBITDA was $2.9 million, up from $2.5 million a year ago. Quest reduced debt by $4.6 million during the quarter and reported operating cash flow of $5.7 million. The company noted ongoing improvements in sales pipeline activity and client onboarding.
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