Quest Resource Holding Corp — Form 8-K
Filed August 6, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 72/100
What the filing says
Quest Resource Q2 2026 revenue reached $64.1M (7.6% YoY growth); however, GAAP net loss was $(12.2)M due to an $11.0M non-cash goodwill impairment, reducing goodwill from $81.1M to $70.1M. Adjusted EBITDA grew modestly to $2.8M. The company paid down $2.0M of term debt (year-to-date $4.0M reduction) from $4.5M operating cash flow and achieved 11% SG&A reduction. Gross margin compressed to 16.3% from 18.5% YoY despite four new customer wins, including a major automotive parts retailer.
Why this rating
Impairment of $11M (53% of market cap) signals asset quality deterioration and past M&A missteps; offsets positive operational trends (revenue growth, cash flow, debt paydown). Relative to $20.8M market cap, this impairment is material and concerning despite operational progress.
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