Quest Resource Holding Corp Dossier - Source-backed chat

Quest Resource Holding Corp

QRHCNASDAQ

SectorIndustrials

IndustryEnvironmental & Facilities Services

Beta (adjusted)0.44

Intrinsic Value

Insufficient data for a value estimateNot enough reliable inputs to publish a fair value for this company yet.

Market Price $1.36Price as of 1 Oct 2026

Data confidenceNot applicable

Market Cap $28.7M

Enterprise Value $87M

Shares Outstanding 21.4M diluted

Moat Rating None

Next Earnings Date9 Nov 2026

All prices and values are periodic snapshots, not live quotes. Source dates are shown for reference.

Thesis

Street consensus, scenarios, merits, risks, and invalidation triggers

AI-assisted

Thesis Summary

Quest Resource Holding Corp (QRHC) presents an asymmetric investment opportunity as an asset-light waste broker. Despite recent revenue headwinds from industrial sector weakness, the company is driving operational efficiencies, reducing SG&A expenses, and expanding its footprint in high-margin non-industrial verticals. With a contractually recurring revenue model and a robust pipeline of new client wins, Quest is well-positioned to return to positive EPS by Q4 2026.

This section is the 12-month view: analyst targets and the probability-weighted scenarios built from them. The intrinsic value at the top of this page answers a different question: what the business is worth today.

Street view · analyst 12-month targets2 analysts · as of 18 Aug 2026

Low · most bearish analyst$2.50

Mean target$3.25

High · most bullish analyst$4.00

Our research · scenarios, merits, risks, and invalidation triggersResearch as of 19 Jun 2026

Scenarios · 12-month scenario targetsAnchored at research date

Bear CaseDownside scenario

$2.2520%

Prolonged industrial sector weakness and customer attrition outpace new logo onboarding, while tight credit conditions and leverage covenants restrict operational flexibility.

Base CaseCentral scenario

$3.2550%

Matches the consensus mean

Quest successfully navigates industrial sector softness by expanding wallet share in retail, restaurant, and healthcare verticals. SG&A cost discipline continues to support margin expansion, leading to a return to profitability by late 2026.

Bull CaseUpside scenario

$4.0030%

Rapid onboarding of new multi-million dollar client contracts combined with a swift recovery in the industrial sector drives high operating leverage, leading to accelerated EBITDA growth and multiple expansion.

Scenarios are anchored to street consensus at the research date, with our probabilities and rationale.

Key Investment Merits

Asset-light business model with high operating leverage and minimal capital expenditure requirements.
Highly recurring revenue stream with multi-year customer contracts and historically strong net retention.
Significant cost discipline, demonstrated by a 26% year-over-year reduction in SG&A expenses in Q1 2026.

Key Investment Risks

Customer concentration risk, with the largest customer representing a significant percentage of total revenue.
Exposure to macroeconomic cyclicality within the industrial and manufacturing customer segments.
Elevated debt levels relative to current cash flow generation, requiring careful covenant management.

Thesis Invalidation Triggers

Loss of a major anchor customer without offsetting new logo wins.
Failure to achieve positive EPS by Q4 2026 as projected by management.
Breach of debt covenants leading to restrictive credit facility amendments.

All scenarios are estimates and subject to change. Past performance is not indicative of future results.

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Explore this dossier

ValuationIntrinsic value, the six-method breakdown, peer medians, and your assumptions sandbox.Financial SnapshotRevenue, profitability, returns, balance sheet, dividends, and the filing-level detail.Qualitative AnalysisBusiness overview, strategic initiatives, and mergers, acquisitions & partnerships.Outlook & Key DatesForward estimates, reporting calendar, and the monitoring framework.