Filing Analysis
Quest Resource Holding Corporation (QRHC) announced its financial results for the first quarter ended March 31, 2026. The filing serves as a formal disclosure of the company's quarterly performance via a press release furnished to the SEC.
Key Facts
- Reported first quarter 2026 financial results on May 7, 2026.
- Information was furnished under Item 2.02 (Results of Operations and Financial Condition).
- The filing includes Exhibit 99.1, the press release titled 'Quest Resource Holding Corporation Reports First Quarter 2026 Financial Results'.
Quest Resource Holding Corp (QRHC) has furnished an updated investor presentation for use in upcoming investor meetings, replacing its previous presentation from November 2025.
Key Facts
- The company furnished an updated investor presentation dated March 2026 as Exhibit 99.1.
- The new presentation replaces the previous version filed on November 12, 2025, in its entirety.
- The disclosure was made under Item 7.01 (Regulation FD) and is not deemed 'filed' for purposes of Section 18 of the Exchange Act.
- The filing includes a change of address for the principal executive offices to Irving, Texas, from The Colony, Texas.
Quest Resource Holding Corp (QRHC) executed an eighth amendment to its Monroe Credit Agreement to modify financial covenants and secured a new $40 million asset-based revolving credit facility with Texas Capital Bank. The company used the new facility to terminate its existing agreement with PNC Bank and extended the expiration of 850,000 warrants held by Monroe affiliates to June 2030.
Red Flags
- The Monroe Credit Agreement has undergone eight amendments and a 'Limited Waiver' (December 2024), suggesting chronic difficulty meeting original financial covenants.
- Extension of warrant expiration dates for lenders often indicates a concession required to maintain credit access.
- Multiple 8-K items (1.01, 1.02, 2.03) triggered by a single refinancing event.
Key Facts
- Entered into the Monroe Eighth Amendment on March 12, 2026, to modify financial covenants.
- Secured a new $40.0 million asset-based revolving credit facility with Texas Capital Bank (TCB) maturing December 30, 2029.
- The TCB facility includes a $3.5 million letter of credit sublimit and a $10 million accordion feature.
- Terminated the previous Loan, Security and Guaranty Agreement with PNC Bank and repaid all outstanding amounts.
- Extended the expiration date of 850,000 warrants held by Monroe affiliates from March 19, 2028, to June 28, 2030.
Quest Resource Holding Corporation (QRHC) announced its financial results for the fourth quarter and full fiscal year 2025 via a press release on March 12, 2026.
Key Facts
- Released Q4 and Fiscal Year 2025 financial results on March 12, 2026.
- The filing was made under Item 2.02 (Results of Operations and Financial Condition).
- The company's headquarters address has changed from The Colony, Texas to Irving, Texas.