Quest Resource Revenue Falls 16%, Cuts Debt 16.4% as Q4 Loss Widens
Quest Resource reported Q4 revenue of $58.9 million, down 16% year-over-year, with a $1.7 million loss (9 cents per share adjusted) reflecting industrial market challenges and a mall-business divestiture. The company reduced net notes payable from $76.3 million to $64 million (16.4% decrease) and cut working capital days to 11.
1. Q4 Financial Results
In the fourth quarter, Quest Resource recorded revenue of $58.9 million, a 16% decline year-over-year, and a net loss of $1.7 million (9 cents per share adjusted). For fiscal 2025, the company reported $250.2 million in revenue and a full-year net loss of $15.4 million (73 cents per share).
2. Balance Sheet and Liquidity Improvements
Over the past year, net notes payable decreased by 16.4% to $64 million from $76.3 million, while working capital days improved from 23 to 11. The company also refinanced its asset-based lending facility to lower interest expenses and gain greater financial flexibility.
3. Operational Initiatives and Strategic Outlook
Quest added several hundred service locations for an automotive client, advanced order-to-cash and procure-to-pay efficiency projects, and secured more favorable vendor payment terms. Management expects ongoing industrial volume pressures in 2026 but plans to offset margin compression through service optimization and share-of-wallet growth.