Quest Resource Holding Corporation (QRHC) Financial Statements (2024 and earlier)

Company Profile

Business Address 3481 PLANO PARKWAY
THE COLONY, TX 75056
State of Incorp. NV
Fiscal Year End December 31
Industry (SIC) 4953 - Refuse Systems (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9,5648,4287,5163,4112,1221,055
Cash and cash equivalents9,5648,4287,5163,4112,1221,055
Receivables45,89139,94917,42113,89916,71216,263
Other undisclosed current assets2,3101,9531,0691,1109661,508
Total current assets:57,76550,32926,00618,42119,80018,827
Noncurrent Assets
Operating lease, right-of-use asset2,3861,9451,1041,595
Property, plant and equipment2,6242,5421,987534615957
Intangible assets, net (including goodwill)117,815119,74072,83959,79960,81963,369
Goodwill84,25880,62266,31058,20858,20858,337
Intangible assets, net (excluding goodwill)33,55639,1196,5281,5912,6115,032
Deposits noncurrent assets9021,109293307354363
Total noncurrent assets:123,726125,33776,22362,23561,78764,689
TOTAL ASSETS:181,491175,666102,22980,65681,58783,516
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities, including:32,20730,19615,24713,31715,77814,254
Taxes payable797837717548807
Employee-related liabilities1,8641,0031,384911434
Accounts payable28,74526,43512,51210,43714,02512,739
Accrued liabilities2,144     
Other undisclosed accounts payable and accrued liabilities1,3191,099894779294273
Deferred revenue    20
Debt1,1591,329624  39
Other liabilities4,6896,1951,393   
Other undisclosed current liabilities     72290
Total current liabilities:38,05537,72017,26413,33615,85014,583
Noncurrent Liabilities
Long-term debt and lease obligation70,57362,40914,9494,5355,1956,763
Long-term debt, excluding current maturities70,57362,40914,9494,5355,1956,763
Liabilities, other than long-term debt1,7241,9091,9741,141022
Other liabilities1,7241,9091,9741,141022
Total noncurrent liabilities:72,29764,31816,9225,6755,1956,785
Total liabilities:110,352102,03834,18619,01221,04521,368
Equity
Equity, attributable to parent71,13973,62868,04361,64460,54362,148
Common stock201918151515
Additional paid in capital173,876170,318166,425160,858159,702158,868
Accumulated deficit(102,757)(96,709)(98,400)(99,229)(99,174)(96,735)
Total equity:71,13973,62868,04361,64460,54362,148
TOTAL LIABILITIES AND EQUITY:181,491175,666102,22980,65681,58783,516

Income Statement (P&L) ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues284,038155,71598,66098,979103,805138,346
Cost of revenue(235,182)(126,894)(79,605)(80,253)(86,943)(122,634)
Cost of goods and services sold(235,182)(126,894)(79,605)(80,253)(86,943)(171)
Gross profit:48,85528,82219,05518,72616,86315,713
Operating expenses(47,450)(24,198)(18,305)(18,130)(18,864)(21,065)
Operating income (loss):1,4054,623750595(2,001)(5,352)
Interest and debt expense(7,281)(2,495)(870)(432)(438)(468)
Income (loss) from continuing operations before equity method investments, income taxes:(5,875)2,128(120)164(2,439)(5,820)
Other undisclosed income (loss) from continuing operations before income taxes  (116)1,408   
Income (loss) from continuing operations before income taxes:(5,875)2,0121,288164(2,439)(5,820)
Income tax expense(173)(321)(254)(219)  
Income (loss) from continuing operations:(6,048)1,6911,034(55)(2,439)(5,820)
Income (loss) before gain (loss) on sale of properties:1,6911,034(55)(2,439)(5,820)
Net income (loss) attributable to parent:(6,048)1,6911,034(55)(2,439)(5,820)
Preferred stock dividends and other adjustments   (205)   
Net income (loss) available to common stockholders, diluted:(6,048)1,691829(55)(2,439)(5,820)

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income (loss):(6,048)1,6911,034(55)(2,439)(5,820)
Comprehensive income (loss), net of tax, attributable to parent:(6,048)1,6911,034(55)(2,439)(5,820)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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