Quest Resource Holding Corporation · NASDAQ:QRHC
Quest Resource — Q4 2025 Earnings Presentation
22 slides from Quest Resource's earnings presentation, Mar 12, 2026
Slide 1: Quest Resource Management Corporation Investor Presentation
Quest Resource Management Corporation NASDAQ:QRHC Investor Presentation March 2026
Slide 2: Safe Harbor
Safe Harbor • The statements contained in this Investor Presentation that are not purely historical are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other tha
Slide 3: About Quest
About Quest We are a national provider of innovative waste management solutions that help our customers achieve operational efficiencies, reduce and avoid unnecessary costs, and meet sustainability goals Dallas, TX QRHC $200B+ 150+ North American waste Waste streams Corporate HQ NASDAQ listed and re
Slide 4: Our Purpose, Mission & Values Drive Everything We Do
Our Purpose, Mission & Values Drive Everything We Do Our Our Our PURPOSE MISSION VALUES Creating a more We are committed to Develop People prosperous future by building solutions that eliminating eliminate waste in all Foster Respect unnecessary costs, its forms to better the resources, time, and pl
Slide 5: Thematic and Secular Trends Support Long-Term Growth
Thematic and Secular Trends Support Long-Term Growth Waste-handling methods are evolving, creating an increasing number of economically viable disposal and recycling methods for complex waste streams Lack of tailored solutions for diverse customers and waste-handling needs leads to suboptimal servic
Slide 6: The Quest Asset-Light Model
The Quest Asset-Light Model Incremental volume and utilization Customers Operational efficiencies Enhanced route density Cost reduction and avoidance Improved asset utilization Extensive data and consultative insight New and previously inaccessible Centralized business invoicing Single, centralized
Slide 7: Niche Market Position and Differentiated Platform
Niche Market Position and Differentiated Platform Asset-Based Regional Operators Operators Business Structure Asset and capital intensive Single office/location operations Asset and capital light Limited disposal methods that are Solution-agnostic; can dispatch any vendor Solutions contingent upon o
Slide 8: Customer Value Delivered Across Multiple Needs
Customer Value Delivered Across Multiple Needs Operational Efficiency • Tailored waste handling and recycling solutions drive streamlined operations and cost synergies Data Insight Cost Reduction & Avoidance • In-depth data and consultative • Extensive waste and process audit to insight to optimize
Slide 9: Broad Vendor Network Covers All Areas of Expertise
Broad Vendor Network Covers All Areas of Expertise Presence in Canada Strategic, targeted markets National coverage in U.S. Every zip code in America 1,000 30,000 25,000 3,500 Recycling Trucks Professionals Vendors Facilities Quest Vendor Network Tangible Vendor Benefits • National reach, presence i
Slide 10: Focus on Large Clients with Complex Waste Streams
Focus on Large Clients with Complex Waste Streams • Clients span multiple industries including grocery, retail, automotive, restaurant, industrial, and construction • Trusted by Fortune© 1000 Businesses with national footprints and complex waste streams • Strategic customer relationships with low ch
Slide 11: Broad Expertise Across Highly Complex Waste Streams
Broad Expertise Across Highly Complex Waste Streams General Recyclable Automotive Food Regulated Construction • Cardboard • Used motor oil • Fruit & vegetables • All combustible • Concrete • Plastics • Used oily water • Meat & seafood • All corrosive • Drywall • Metals • Used antifreeze • Full goods
Slide 12: Technology & Data
Technology & Data Quest’s proprietary technology and customer portal empowers large businesses with control over waste systems at scale to bring clarity to complex waste operations and support tailored insights that drive operational efficiencies Customer Portal & Experience Auditable Innovation Dat
Slide 13: Highly Scalable Operating Model
Highly Scalable Operating Model Organic growth engine and land-and-expand approach supported by unique asset-light model, ability to meet our customers’ dynamic and growing needs • Growing pipeline of new client • Large opportunity to expand by opportunities Flexible and nimble Lower fixed and varia
Slide 14: Investment Priorities
Investment Priorities Balanced approach to capital allocation and investment priorities that improves balance sheet and supports investment in organic initiatives to drive shareholder returns Drive Operating Shareholder Debt Reduction Organic Growth Efficiencies Returns > Sign and onboard new > Opti
Slide 15: Historical Financials
Historical Financials Revenue ($M) Gross Profit ($M) and Gross Net Income (Loss) ($M) Adj. EBITDA1 ($M) and Adj. $350 Margin (%) $4 EBITDA Margin1 (%) $1.7 $288.4 $70 20% $1.0 $20 10% $300 $284.0 $288.5 19.3% $- $60 $16.4 $16.2 $250.2 19% 8% $250 18.4% $14.5 $48.9 $50.1 $50.0 $(4) $15 7.0% $50 $42.5
Slide 16: Refocused and Deeply Experienced Management Team
Refocused and Deeply Experienced Management Team Perry Moss Brett Johnston President & Chief Executive Officer Chief Financial Officer & Senior Vice President Will Reynolds Nick Ober Senior Vice President of Business Solutions Senior Vice President of Operations Tonya Martin Felipe “Flip” Garcia Sen
Slide 17: Investment Thesis
Investment Thesis • Large Addressable Market: The waste management industry is $200B+ and growing as everyone is an involuntary generator of waste. • Asset-Light Model Delivers Unique Value for Customers, Vendors and Shareholders: Our asset-light model allows us to be solution-agnostic and more resp
Slide 18: Appendix
Appendix March 2026 © 2026 Quest Resource Holding Corporation. Copying, publishing or redistributing outside of Quest is strictly prohibited. 18
Slide 19: Customer Case Studies and Results
Customer Case Studies and Results National manufacturer with 50+ National Fleet Operator Manufacturer PLANTS in the US needed to reduce cost and reduce waste footprint One of the largest commercial fleets in the US SOLUTION needed to improve overall sustainability of their Managed recycling of plast
Slide 20: Reconciliation of U.S. GAAP to Non-GAAP Financial Measures
Reconciliation of U.S. GAAP to Non-GAAP Financial Measures RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA (in thousands) 2021 2022 2023 2024 2025 Revenue $ 155,715 $ 284,038 $ 288,378 $ 288,532 $ 250,217 Net income (loss) $ 1,691 $ (6,048) $ (7,291) $ (15,063) $ (15,382) Depreciation and amo
Slide 21: Reconciliation of U.S. GAAP to Non-GAAP Financial Measures
Reconciliation of U.S. GAAP to Non-GAAP Financial Measures RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA (in thousands) 4Q25 4Q24 FY 2025 FY 2024 Net income (loss) $ (1,656) $ (9,508) $ (15,382) $ (15,063) Depreciation and amortization 1,307 2,558 6,051 10,272 Interest expense 2,178 2,505 9
Slide 22: NASDAQ:QRHC
NASDAQ:QRHC Contact IR: Ryan Coleman or Nick Nelson QRHC@alpha-ir.com 312-445-2870 March 2026 © 2026 Quest Resource Holding Corporation. Copying, publishing or redistributing outside of Quest is strictly prohibited. 22
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