Quest Resource (QRHC) investor relations material

Business overview and market position

• National provider of waste and recycling solutions serving large businesses across the U.S. with a market cap of $29M and TTM revenue of $261M as of September 2025.

• Delivers services in every U.S. zip code, managing over 130 waste streams for clients in industries such as grocery, retail, automotive, restaurant, industrial, and construction.

• Focuses on high-value, complex waste streams for Fortune 1000 clients, with an average deal size in the seven figures and strategic, low-churn relationships.

• Asset-light model leverages a network of 3,500 vendors, 1,000 recycling facilities, and 25,000 trucks, enabling national scale and flexible, cost-effective service.

• Differentiated from asset-based majors and fragmented local players by offering broad, scalable, technology-driven solutions and comprehensive service scope.

Strategic transformation and growth

• Shifted business model to focus on complex, differentiated services for select, high-value clients, exiting low value-add accounts and expanding through disciplined M&A.

• Achieved a 20%+ five-year CAGR in revenue and gross profit dollars from 2016 to 2024, with gross margins rising from 7.8% in 2016 to over 17% in recent years.

• Growth strategy centers on organic expansion with existing and new clients, a land-and-expand approach, and opportunistic acquisitions of regional players.

• M&A targets companies with strong client relationships and service focus, integrating them onto Quest’s national platform for scale and efficiency.

• Industry tailwinds include rising landfill costs, growing demand for recycling, and increasing regulatory and ESG pressures.

Solutions, technology, and client impact

• Provides centralized, nationwide waste and recycling services, ongoing waste stream optimization, regulatory compliance, and comprehensive data analytics.

• Cloud-based data portal supports ESG and sustainability reporting, offering clients operational insights, verified reduction numbers, and business impact visibility.

• Helps clients achieve enhanced sustainability, cost control, regulatory compliance, and improved efficiencies, with single-invoice, quality support.

• Solves key industry challenges such as fragmented services, compliance burdens, and complex ESG reporting requirements.

• Delivers measurable results, including millions in annual savings, significant landfill diversion, and recognition for sustainability achievements.