Quest Resource Holding Corporation

What Quest Resource Holding Corporation does

Quest Resource Holding Corporation (NASDAQ: QRHC) is a national provider of waste management and sustainability services headquartered in Frisco, Texas. Founded in 2009 and operating through its wholly owned subsidiary Quest Resource Management Group, LLC, the company manages corporate customers' operational waste streams, delivering tailored solutions that span more than 100 waste streams across the U.S., Canada, and Puerto Rico. Services include recycling and disposal of varied waste streams plus related product supplies, with stated customer outcomes of increased landfill diversion, cost reduction, and progress against corporate ESG and sustainability goals.

The business model is a sales-led, direct-to-enterprise motion targeting multi-location corporate accounts, generating revenue through recurring service relationships (the input classifies the revenue stream as subscription_recurring across the waste and recycling management offering). Pricing is not publicly disclosed. The customer base is described as horizontal corporate clientele with operational waste streams; a newly disclosed Large Quick-Service Restaurant Franchisee won in April-May 2026 exemplifies the customer profile. Marketing is conducted primarily through investor relations, press releases, earnings calls, and organic social (LinkedIn, Facebook, Twitter/X), while distribution relies on a single direct corporate sales channel. The company is small — 51 to 100 employees — but services a continental-scale footprint.

Operationally, Quest has executed a six-year go-to-market transformation that expanded services to existing customers and improved reported results. Recent financial actions include a ~$64 million debt refinancing in December 2024 with Monroe Capital Management Advisors and PNC Bank, a Q1 2026 refinancing of its asset-based lending facility with Texas Capital Bank (with a $2 million term-debt prepayment), and a roughly 26% year-over-year reduction in SG&A. Q1 2026 revenue was $61.7 million (-9.8% YoY, +4.8% sequential) against a full-year 2025 revenue of $250.22 million, with GAAP net loss improving materially to -$2.3 million from -$10.4 million in the prior-year quarter. Institutional investors collectively own approximately 48.16% of the company, and the leadership team comprises Ray Hatch (President and CEO), Dave Sweitzer (COO), and Laurie Lantham (CFO and SVP of Finance).

Name

Quest Resource Holding Corporation

Legal name

Quest Resource Holding Corporation

Website

https://qrhc.com

Company type

Public

Founded year

2009

Operating status

Operating

Headcount range

51–100 employees

Short description

Quest Resource Holding Corporation (NASDAQ: QRHC) is a Frisco, Texas-based national provider of waste management and sustainability services, delivering tailored recycling and disposal solutions across more than 100 waste streams to corporate customers in the U.S., Canada, and Puerto Rico.

Ownership category

akta.pro rank

Product category

Waste Management Services

NAICS

Waste Collection (5621)

SIC

Refuse Systems (4953)

akta.pro industry

PRIMARYEUAIAGAA

Commercial & Office Waste Collection (Non-hazardous)

Energy, Utilities & Environment/Environmental Services (Waste Management, Recycling & Remediation)/Industrial & Commercial Waste Services (Non-hazardous, Specialized Streams)

SECONDARYBPABALAL

Waste Audits, Diversion Tracking & ESG Reporting (On-site Data Programs)

Business & Public Services/Facilities Management & Building Services/Waste, Recycling & Sustainability Programs (On-site)

Keywords

• Waste management services
• Recycling solutions
• ESG compliance services
• Sustainability consulting
• Landfill diversion

Headquarters

HQ city

Frisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Marketing or Sales, Technology or R&D

Revenue model

1. Waste and Recycling Management Services: Quest Resource generates revenue through providing waste management programs including recycling and disposal of various waste streams, along with related product supplies. The company offers services across more than 100 waste streams to corporate customers.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels6 records

Core offering

Quest Resource Holding Corporation manages companies' operational waste streams by delivering tailored waste solutions that increase efficiencies, maximize landfill diversion, improve the bottom line, and help meet business and sustainability goals. Through its wholly owned subsidiary Quest Resource Management Group, LLC, the company provides recycling and disposal services across more than 100 waste streams to corporate customers throughout the U.S., Canada, and Puerto Rico.

Product overview

Quest Resource Holding Corporation is a waste management and sustainability services company that operates as a single unified offering through its wholly owned subsidiary Quest Resource Management Group, LLC. The company delivers tailored waste solutions that help businesses manage operational waste streams, increase efficiencies, maximize landfill diversion, and meet ESG and sustainability goals. Services include recycling and disposal of various waste streams and related supplies.

Differentiator

Problem solved

Functional benefit

Products and services

• Quest Resource Management Group, LLC

Quantifiable outcome

• Approximately 26% year-over-year reduction in SG&A expenses
• +2 more outcomes

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators8 records

Recent moves5 records

Expansion highlights5 records

Broad incumbents

• Republic Services: Republic Services is a top-two U.S. solid waste and recycling company serving commercial, industrial, and municipal customers nationwide. It overlaps with Quest on multi-site commercial waste and recycling contracts, but typically delivers via owned hauling infrastructure.
• Waste Management, Inc. WM is the largest U.S. waste hauler with owned landfills, transfer stations, and recycling assets. It competes for the same corporate ESG/diversion RFPs as Quest, but at vastly greater scale, with bundled hauling and disposal rather than a broker-style coordination model.
• Clean Harbors: Clean Harbors is the leading North American provider of environmental, hazardous, and industrial waste services. It competes for corporate environmental services spend — particularly regulated streams — and overlaps with Quest's enterprise waste management positioning.

Emerging players

• Rubicon Technologies: Rubicon is a software-and-services platform for waste and recycling routing, billing, and sustainability reporting, serving haulers and large waste generators. It is a tech-enabled adjacency to Quest's ESG/reporting value proposition rather than a direct hauling competitor.

Regional players

• Casella Waste Systems: Casella is a regional solid waste, recycling, and resource management operator concentrated in the Northeast U.S. with a growing organics/zero-waste offering. Comparable to Quest on commercial recycling and landfill diversion services, but with owned hauling assets in a narrower geography.
• GFL Environmental: GFL is a Canadian-headquartered environmental services company with significant U.S. operations in solid waste, recycling, and organics. It serves multi-site enterprise customers across North America — overlapping with Quest's U.S./Canada/Puerto Rico coverage — but at much larger scale and with owned infrastructure.
• Recology: Recology is an employee-owned collection and recycling company on the U.S. West Coast with strong zero-waste and diversion capabilities. It competes for corporate commercial recycling and ESG-oriented programs comparable to Quest's offering, but primarily within its regional footprint.

Direct peers

• Stericycle: Stericycle is the closest direct peer — a national regulated and specialty waste services company selling multi-stream waste programs to enterprise and healthcare customers. Quest's model of coordinating 100+ waste streams for multi-site corporate clients mirrors Stericycle's core franchise, though Stericycle adds regulated medical waste and shredding.
• Heritage Environmental Services: Heritage is a private, multi-stream environmental services company serving enterprise customers with waste management, recycling, and sustainability programs. It is closely comparable to Quest in being a non-asset-leaning coordinator of multiple waste streams for corporate clients.

Others

• Reworld (formerly Covanta): Reworld operates waste-to-energy facilities and is expanding into broader materials management and sustainability services. It is an adjacent infrastructure-and-services player in the corporate waste/ESG ecosystem rather than a direct competitor to Quest's multi-stream coordination model.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/quest_rmg
• Facebookfacebook.com/questsustainability
• LinkedInlinkedin.com/company/quest-resource-holding-corp

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds2 records

Investors2 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Quest Resource Holding Corporation