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Financial statements

QUANTUM CORP /DE/ financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data QUANTUM CORP /DE/ files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

FY2017FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Revenue493438403403350383422312274280
Cost of revenue288265235230199226279187164177
Gross profit205173168173151158143125110103
Research and development44.438.632.136.341.751.844.63831.123.5
Selling and marketing10110269.459.554.9636660.952.352
General and administrative51.652.165.354.54245.347.851.56443.9
Operating expenses199201172151142161160154152128
Operating income6.68-28.6-4.7521.28.4-3.24-16.7-28.9-41.7-24.5
Interest expense7.9911.721.125.427.511.910.615.123.621.6
Other non-operating income-0.60.772.88-0.26-1.31-0.251.96-1.75-0.71-1.51
Pre-tax income-0.75-46.5-40.4-4.41-35.239.7-16.4-40.6-114-100
Income tax1.66-3.112.380.80.241.341.940.710.821.01
Net income-2.41-43.3-42.8-5.21-35.538.4-18.4-41.3-115-101
EBITDA12.3-23.7-0.4825.514.16.18-6.56-19.6-36.1-19.2
EPS, basic-0.82-14.68-14.09-1.64-9.7513.12-4.04-8.68-22.35-7.97
EPS, diluted-0.82-14.68-14.09-1.64-9.75-6.46-5.65-8.68-22.35-7.97
Shares, basic (weighted)2.872.953.033.23.652.924.484.755.1512.7
Shares, diluted (weighted)2.872.953.033.23.653.274.524.755.1512.7

Balance sheet

FY2017FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Cash and equivalents1310.910.86.4427.45.212625.716.515.6
Receivables10296.486.870.473.169.472.567.852.569.7
Inventory15.122.111.516.312.714.66.967.0722.416.1
Other current assets9.1813.618.18.493.054.75.518.418.538.07
Total current assets183178154136156145153132103112
Property, plant and equipment10.99.78.449.0510.112.916.61211.49.28
Lease right-of-use assets012.79.3811.110.39.438.587.42
Goodwill03.471313131313
Intangible assets0.280.140.0305.049.584.941.670.280
Other non-current assets6.939.55.153.435.929.9315.819.719.414.7
Total assets221203173166195202214188155157
Accounts payable40.862.637.436.935.234.235.726.131.529.3
Accrued liabilities15.917.62917.518.816.613.7141819.5
Deferred revenue92.396.990.481.58487.179.878.575.175.7
Short-term debt7.51.657.321.854.38582.596.554.8
Total current liabilities238207178158159177158250258206
Long-term debt66.711614614789.466.40
Lease liabilities010.88.019.8910.29.628.938.17
Other non-current liabilities1311.611.811.213.111.811.411.414.412.7
Total liabilities361376373365307345298309320356
Total debt6511614614790.910783.10090
Paid-in capital474482499506627625702708780854
Retained earnings-612-655-698-703-739-768-786-827-942-1,044
Other comprehensive income-1.68-0.27-1.41-1.52-0.86-1.42-1.58-2.19-1.61-9.46
Shareholders' equity-139-173-200-199-200-144-84.4-121-164-199
Total equity-139-173-200-199-200-144-84.4-121-164-199
Total liabilities and equity221203173166195202214188155157
Shares outstanding2.93.023.073.44.852.994.644.796.9614.6

Cash flow statement

FY2017FY2019FY2019FY2020FY2021FY2022FY2023FY2024FY2025FY2026
Net income-2.41-43.3-42.8-5.21-35.538.4-18.4-41.3-115-101
Depreciation and amortization5.644.974.274.295.79.4210.19.315.65.28
Stock-based compensation6.75.393.416.759.6213.810.84.722.83-0.85
Deferred income tax0.180.141.46-0.46-0.77-0.52-0.18-0.220.04-0.32
Change in receivables-0.376.518.0515.2-1.633.65-2.974.8515.2-19.9
Change in inventory0.80.94
Change in payables-5.2821.6-25.4-0.77-1.99-1.941.16-11.26.15-0.79
Cash from operations8.56-5.03-16.9-1.18-0.77-33.7-4.89-10.2-23.6-37.9
Capital expenditures-2.22-2.58-2.71-2.63-6.93-6.32-12.6-5.87-4.95-1.71
Acquisitions000-1.97-2.66-7.81-3.020
Sales and maturities of investments0.050.282.9400
Cash from investing-1.43-2.30.24-4.6-9.59-14.1-15.6-5.87-4.95-1.71
Debt issued105
Stock issued1.021.72001.341.7667.1000.08
Cash from financing-7.89-11.216.21.2131.320.241.215.719.339.2
Exchange rate effect0.02-0.150.06-0.02-0.110.050.01-0-00.03
Net change in cash-0.75-18.7-0.35-4.5920.9-27.620.7-0.32-9.26-0.37
Free cash flow6.34-7.62-19.6-3.81-7.7-40-17.5-16-28.6-39.6
Interest paid5.9710.217.716.524.39.148.712.311.95.17
Income taxes paid0.681.460.07-0.49-2.280.941.421.781.811.19

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $31.68 on September 25, 2026.

Profitability

MetricValueHow it is calculated
Gross margin37.8%Gross profit / revenue.
Operating margin-2.3%Operating income / revenue.
EBITDA margin-0.5%EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin-80.3%Pre-tax income / revenue.
Net margin-80.8%Net income / revenue.
FCF margin-7.1%Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin-6.8%Cash from operations / revenue.
Return on assets (ROA)-124.6%Net income / average total assets.
R&D / revenue7.7%Research and development expense / revenue.
Stock-based pay / revenue0.1%Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue0.3%Capital expenditures / revenue.
D&A / revenue1.8%Depreciation and amortization / revenue.

Growth

MetricValueHow it is calculated
Revenue growth, 1y2.0%Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y-12.8%Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y-4.4%Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Gross profit growth, 1y-6.2%Gross profit vs the same period a year earlier. Only from a positive base.
Gross profit CAGR, 3y-10.4%Compound annual growth of gross profit over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Gross profit CAGR, 5y-7.3%Compound annual growth of gross profit over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y1.0%Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y-9.8%Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y-4.2%Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y146.1%Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y41.0%Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y28.3%Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

MetricValueHow it is calculated
Current ratio0.93xCurrent assets / current liabilities.
Quick ratio0.76x(Cash + short-term investments + receivables) / current liabilities.
Cash ratio0.34x(Cash + short-term investments) / current liabilities.
Debt / assets0.0%Total debt / total assets.
Liabilities / assets114.5%Total liabilities / total assets.
Net debt-$54.4MTotal debt - cash - short-term investments. Negative means more cash than debt.
Interest coverage-0.40xOperating income / interest expense.
Working capital-$11.2MCurrent assets - current liabilities.
Goodwill and intangibles / assets6.8%(Goodwill + intangible assets) / total assets.
Tangible book value-$40.8MShareholders' equity - goodwill - intangible assets.

Efficiency

MetricValueHow it is calculated
Asset turnover1.54xRevenue / average total assets.
Fixed asset turnover32.7xRevenue / average property, plant and equipment.
Inventory turnover12.1xCost of revenue / average inventory.
Days inventory30 days365 x average inventory / cost of revenue.
Receivables turnover4.44xRevenue / average receivables.
Days sales outstanding82 days365 x average receivables / revenue.
Days payables53 days365 x average accounts payable / cost of revenue.
Cash conversion cycle59 daysDays inventory + days sales outstanding - days payables.

Per share

MetricValueHow it is calculated
EPS, diluted-$10.88Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share$13.47Revenue / diluted weighted shares.
FCF per share-$0.95Free cash flow / diluted weighted shares.
Operating cash flow per share-$0.91Cash from operations / diluted weighted shares.
Book value per share-$0.71Shareholders' equity / shares outstanding (diluted weighted shares when not reported).
Tangible book per share-$1.04Tangible book value / shares outstanding.
Cash per share$1.38(Cash + short-term investments) / shares outstanding.

Valuation

MetricValueHow it is calculated
Market cap$1.25BShare price x shares outstanding.
Enterprise value$1.19BMarket cap + total debt - cash - short-term investments.
P/S4.22xMarket cap / revenue.
EV/Sales4.03xEnterprise value / revenue.
FCF yield-1.7%Free cash flow / market cap.
Earnings yield-19.2%Net income / market cap (the inverse of P/E).
What was QUANTUM CORP /DE/'s revenue in fiscal 2026?

QUANTUM CORP /DE/ reported revenue of $279.6M for fiscal 2026, 2% higher than the year before.

Was QUANTUM CORP /DE/ profitable in fiscal 2026?

No. It reported a net loss of $101.0M.

How much free cash flow did QUANTUM CORP /DE/ generate in fiscal 2026?

Cash from operations of $37.9M minus capital expenditures of $1.7M left free cash flow of -$39.6M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

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