QUANTUM CORP /DE/ QMCO
Quantum delivers end-to-end data management solutions designed for unstructured data in the artificial intelligence ("AI") era. From high-performance ingest that powers AI applications and demanding data-intensive workloads to massive, durable data lakes to fuel AI models, Quantum delivers one of the most comprehensive and cost-efficient solutions for the entire data lifecycle. We specialize in solutions for video, images, audio, and other large files because this unstructured data represents more than 80% of all data being created according to leading industry analyst firms. Unstructured data poses both immense potential and significant challenges for organizations looking to retain and analyze their data for AI and other initiatives. Effectively managing and leveraging this data with an intelligent data management platform is not just an option but a necessity for businesses aiming to uncover hidden insights and create value. Unstructured data is exponentially larger than traditional corporate data, contains tremendous value, and must be captured, protected, and stored for many years, decades, and longer. It is no longer just about storing data— organizations need to extract value from their unique data to gain a competitive advantage. Locked inside video, imagery, security camera footage, scientific data sets, and other sensor-derived data is a wealth of information for informed decision-making.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $279.6M | $274.1M | $311.6M | $422.1M | $383.4M | $349.6M | $402.9M | $402.7M | $437.7M | $493.1M |
| Cost of revenue | $176.5M | $164.2M | $186.7M | $278.8M | $225.8M | $198.8M | $230.4M | $235.1M | $264.9M | $287.8M |
| Gross profit | $103.0M | $109.8M | $124.9M | $143.3M | $157.6M | $150.8M | $172.5M | $167.6M | $172.8M | $205.3M |
| R&D | $23.5M | $31.1M | $38.0M | $44.6M | $51.8M | $41.7M | $36.3M | $32.1M | $38.6M | $44.4M |
| SG&A | $43.9M | $64.0M | $51.5M | $47.8M | $45.3M | $42.0M | $54.5M | $65.3M | $52.1M | $51.6M |
| Total operating expenses | $127.5M | $151.5M | $153.8M | $159.9M | $160.9M | $142.3M | $151.3M | $172.4M | $201.4M | $198.6M |
| Operating income | -$24.5M | -$41.7M | -$28.9M | -$16.7M | -$3.2M | $8.4M | $21.2M | -$4.7M | -$28.6M | $6.7M |
| Interest expense | $21.6M | $23.6M | $15.1M | $10.6M | $11.9M | $27.5M | $25.4M | $21.1M | $11.7M | $8.0M |
| Pre-tax income | -$100.0M | -$114.3M | -$40.6M | -$16.4M | $39.7M | -$35.2M | -$4.4M | -$40.4M | -$46.5M | -$752.0K |
| Income tax | $1.0M | $821.0K | $711.0K | $1.9M | $1.3M | $239.0K | $803.0K | $2.4M | $3.1M | $1.7M |
| Net income | -$101.0M | -$115.1M | -$41.3M | -$18.4M | $38.4M | -$35.5M | -$5.2M | -$42.8M | -$43.3M | -$2.4M |
| EPS, basic | -7.97 | -22.35 | -8.68 | -0.20 | 0.65 | -0.83 | -0.14 | -1.20 | -1.25 | -0.07 |
| EPS, diluted | -7.97 | -22.35 | -8.68 | -0.28 | -0.32 | -0.83 | -0.14 | -1.20 | -1.25 | -0.07 |
| Shares, diluted (wtd. avg.) | $12.7M | $5.2M | $4.8M | $91.2M | $66.0M | $42.9M | $37.6M | — | — | $33.7M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $15.6M | $16.5M | $25.9M | $26.2M | $5.2M | $33.1M | $12.3M | $16.9M | $17.2M | $35.9M |
| Receivables | $69.7M | $52.5M | $67.8M | $72.5M | $69.4M | $73.1M | $70.4M | $86.8M | $97.5M | $101.9M |
| Inventory | $16.1M | $22.4M | — | — | — | — | — | — | — | — |
| Total current assets | $112.5M | $102.8M | $131.8M | $164.8M | $145.2M | $156.1M | $135.8M | $154.3M | $175.4M | $183.2M |
| Property, plant and equipment | $9.3M | $11.4M | $12.0M | $14.1M | $12.9M | $10.1M | $9.0M | $8.4M | $10.1M | $10.9M |
| Goodwill | $13.0M | $13.0M | $13.0M | $13.0M | $13.0M | $3.5M | $0 | — | — | — |
| Other intangibles | $0 | $281.0K | $1.7M | $8.4M | $9.6M | $5.0M | $0 | $112.0K | $240.0K | $276.0K |
| Total assets | $156.9M | $155.4M | $187.6M | $221.7M | $201.6M | $194.9M | $166.0M | $172.9M | $212.1M | $221.2M |
| Accounts payable | $29.3M | $31.5M | $26.1M | $33.9M | $34.2M | $35.2M | $36.9M | $37.4M | $44.5M | $40.8M |
| Short-term debt | $54.8M | $96.5M | $82.5M | $5.0M | $4.4M | $1.9M | $7.3M | $1.6M | $7.5M | — |
| Total current liabilities | $205.8M | $257.6M | $249.9M | $152.3M | $176.7M | $159.1M | $158.3M | $178.5M | $239.3M | $237.6M |
| Long-term debt | $90.0M | $0 | $0 | $69.2M | $89.4M | $90.9M | $146.8M | $145.6M | $61.7M | $66.7M |
| Total liabilities | $355.7M | $319.8M | $309.1M | $298.2M | $345.4M | $307.2M | $364.5M | $372.7M | $353.6M | $360.5M |
| Retained earnings | -$1.04B | -$942.5M | -$827.4M | -$768.6M | -$767.7M | -$738.6M | -$703.2M | -$698.0M | -$615.9M | -$611.8M |
| Total equity | -$198.9M | -$164.4M | -$121.5M | -$84.4M | -$143.7M | -$199.9M | -$198.5M | -$199.8M | -$173.5M | -$139.3M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -$37.9M | -$23.6M | -$10.2M | -$4.9M | -$33.7M | -$767.0K | -$1.2M | -$16.9M | -$5.0M | $8.6M |
| Depreciation and amortisation | $5.3M | $5.6M | $9.3M | $10.1M | $9.4M | $5.7M | $4.3M | $4.3M | $5.0M | $5.6M |
| Stock-based compensation | -$849.0K | $2.8M | $4.7M | $10.8M | $13.8M | $9.6M | $6.7M | $3.4M | $5.4M | $6.7M |
| Capital expenditure | $1.7M | $4.9M | $5.9M | $12.6M | $6.3M | $6.9M | $2.6M | $2.7M | $2.6M | $2.2M |
| Investing cash flow | -$1.7M | -$4.9M | -$5.9M | -$15.6M | -$14.1M | -$9.6M | -$4.6M | $235.0K | -$2.3M | -$1.4M |
| Financing cash flow | $39.2M | $19.3M | $15.7M | $41.2M | $20.2M | $31.3M | $1.2M | $16.2M | -$11.2M | -$7.9M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001140361-26-030043.
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