Quantum Financials
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Quantum has an operating margin of -15.2%, meaning the company retains $-15 of operating profit per $100 of revenue. This below-average margin results in a low score of 0/100, suggesting thin profitability after operating expenses. This is down from -9.3% the prior year.
Quantum's revenue declined 12% year-over-year, from $311.6M to $274.1M. This contraction results in a growth score of 0/100.
Quantum's current ratio of 0.40 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 0/100, which could limit financial flexibility.
While Quantum generated -$23.6M in operating cash flow, capex of $4.9M consumed most of it, leaving -$28.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Quantum passes 2 of 9 financial strength tests. 1 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Quantum generates $0.21 in operating cash flow (-$23.6M OCF vs -$115.1M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Quantum earns $-1.8 in operating income for every $1 of interest expense (-$41.7M vs $23.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
This page shows Quantum (QMCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 16 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Key Financial Metrics
Quantum generated $274.1M in revenue in fiscal year 2025. This represents a decrease of 12.0% from the prior year.
Quantum's EBITDA was -$36.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents a decrease of 84.4% from the prior year.
Quantum generated -$28.6M in free cash flow in fiscal year 2025, representing cash available after capex. This represents a decrease of 78.2% from the prior year.
Quantum reported -$115.1M in net income in fiscal year 2025. This represents a decrease of 178.8% from the prior year.
Quantum earned $-22.35 per diluted share (EPS) in fiscal year 2025. This represents a decrease of 157.5% from the prior year.
Quantum held $16.5M in cash against $0 in long-term debt as of fiscal year 2025.
Quantum had 7M shares outstanding in fiscal year 2025. This represents an increase of 45.3% from the prior year.
Quantum's gross margin was 40.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.0 percentage points from the prior year.
Quantum's operating margin was -15.2% in fiscal year 2025, reflecting core business profitability. This is down 5.9 percentage points from the prior year.
Quantum's net profit margin was -42.0% in fiscal year 2025, showing the share of revenue converted to profit. This is down 28.7 percentage points from the prior year.
Quantum invested $31.1M in research and development in fiscal year 2025. This represents a decrease of 18.1% from the prior year.
Quantum invested $4.9M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents a decrease of 15.7% from the prior year.
QMCO Income Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $62.7M-2.4% | $64.3M-6.4% | $68.7M-4.4% | $71.8M-0.6% | $72.3M+0.5% | $71.9M-5.0% | $75.7M-18.2% | $92.5M |
| Cost of Revenue | $39.2M-5.8% | $41.6M+1.9% | $40.8M-1.0% | $41.2M-8.9% | $45.2M+5.8% | $42.7M-0.5% | $42.9M-24.5% | $56.9M |
| Gross Profit | $23.6M+3.7% | $22.7M-18.6% | $27.9M-9.0% | $30.6M+13.3% | $27.1M-7.3% | $29.2M-10.9% | $32.7M-8.2% | $35.6M |
| R&D Expenses | $5.7M-14.5% | $6.7M-13.3% | $7.7M-7.0% | $8.3M-0.5% | $8.3M-5.2% | $8.8M-4.3% | $9.2M-16.1% | $10.9M |
| SG&A Expenses | $11.0M-18.9% | $13.6M-4.1% | $14.1M+1.2% | $14.0M-33.6% | $21.1M+77.1% | $11.9M+16.1% | $10.2M-19.4% | $12.7M |
| Operating Income | -$8.2M+35.2% | -$12.6M-63.0% | -$7.7M-39.0% | -$5.6M+66.9% | -$16.8M-170.3% | -$6.2M-67.5% | -$3.7M+27.8% | -$5.1M |
| Interest Expense | $6.2M-4.4% | $6.5M-4.7% | $6.8M+11.6% | $6.1M+61.8% | $3.8M-3.7% | $3.9M+2.1% | $3.9M+20.4% | $3.2M |
| Income Tax | $157K-29.6% | $223K+218.6% | $70K-81.1% | $370K+57.4% | $235K-53.9% | $510K-4.3% | $533K+0.6% | $530K |
| Net Income | -$46.5M-170.0% | -$17.2M+77.2% | -$75.3M-519.8% | -$12.2M+38.9% | -$19.9M-101.6% | -$9.9M-196.3% | -$3.3M+63.6% | -$9.1M |
| EPS (Diluted) | $-3.49-86.6% | $-1.87+87.8% | $-15.35-504.3% | $-2.54 | $-4.15-99.5% | $-2.08-197.1% | $-0.70-600.0% | $-0.10 |
QMCO Balance Sheet
| Metric | Q2'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $137.7M-18.6% | $169.2M+0.7% | $168.1M+3.0% | $163.1M-5.7% | $173.1M-13.1% | $199.2M+2.3% | $194.8M-7.4% | $210.5M |
| Current Assets | $90.1M-23.9% | $118.4M+4.1% | $113.8M+4.6% | $108.9M-8.3% | $118.7M-16.0% | $141.4M+5.5% | $134.1M-10.4% | $149.7M |
| Cash & Equivalents | $14.7M-60.8% | $37.4M+83.5% | $20.4M+21.9% | $16.7M-3.3% | $17.3M-29.1% | $24.4M-4.7% | $25.6M+0.4% | $25.5M |
| Inventory | $18.9M | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $43.9M-9.3% | $48.4M-21.1% | $61.4M+20.2% | $51.1M-16.8% | $61.4M+2.2% | $60.0M+16.5% | $51.5M-22.2% | $66.2M |
| Goodwill | $13.0M0.0% | $13.0M0.0% | $13.0M0.0% | $13.0M0.0% | $13.0M0.0% | $13.0M0.0% | $13.0M0.0% | $13.0M |
| Total Liabilities | $298.2M+5.2% | $283.5M-22.2% | $364.7M+16.0% | $314.3M+0.3% | $313.4M+4.1% | $301.1M+4.1% | $289.2M-4.2% | $301.8M |
| Current Liabilities | $241.7M+8.0% | $223.8M-26.0% | $302.4M+131.3% | $130.7M-13.4% | $150.9M-37.4% | $241.2M+4.3% | $231.3M+39.2% | $166.1M |
| Long-Term Debt | $0 | $0 | $0-100.0% | $123.0M+21.9% | $100.9M | $0 | $0-100.0% | $77.8M |
| Total Equity | -$160.5M-40.3% | -$114.4M+41.8% | -$196.6M-30.1% | -$151.1M-7.7% | -$140.3M-37.7% | -$101.9M-7.9% | -$94.4M-3.4% | -$91.3M |
| Retained Earnings | -$1.0B-4.8% | -$959.7M-2.7% | -$934.7M-8.8% | -$859.4M-1.4% | -$847.3M-4.8% | -$808.4M-1.2% | -$798.6M-0.4% | -$795.2M |
QMCO Cash Flow Statement
| Metric | Q2'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$15.6M+7.7% | -$16.9M-436.1% | -$3.2M+79.4% | -$15.3M-706.9% | -$1.9M+79.8% | -$9.4M-393.5% | -$1.9M+79.9% | -$9.4M |
| Capital Expenditures | $414K-65.3% | $1.2M+8.8% | $1.1M-31.8% | $1.6M-0.7% | $1.6M+47.3% | $1.1M-32.3% | $1.6M-29.3% | $2.3M |
| Free Cash Flow | -$16.0M+11.5% | -$18.1M-325.8% | -$4.2M+74.9% | -$16.9M-380.8% | -$3.5M+66.5% | -$10.5M-197.2% | -$3.5M+70.0% | -$11.7M |
| Investing Cash Flow | -$414K+65.3% | -$1.2M-8.8% | -$1.1M+31.8% | -$1.6M+0.7% | -$1.6M-47.3% | -$1.1M+32.3% | -$1.6M+29.3% | -$2.3M |
| Financing Cash Flow | -$6.2M-116.0% | $39.0M+394.6% | $7.9M-51.7% | $16.3M+440.2% | -$4.8M-151.6% | $9.3M+158.1% | $3.6M-67.9% | $11.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
QMCO Financial Ratios
| Metric | Q2'25 | Q1'25 | Q4'24 | Q2'24 | Q1'24 | Q3'23 | Q2'23 | Q1'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 37.5%+2.2pp | 35.3%-5.3pp | 40.6%-2.0pp | 42.6%+5.2pp | 37.4%-3.1pp | 40.6%-2.7pp | 43.3%+4.7pp | 38.5% |
| Operating Margin | -13.0%+6.6pp | -19.6%-8.3pp | -11.3%-3.5pp | -7.7%+15.5pp | -23.3%-14.6pp | -8.6%-3.7pp | -4.9%+0.7pp | -5.6% |
| Net Margin | -74.1%-47.3pp | -26.8%+82.9pp | -109.6%-92.7pp | -16.9%+10.6pp | -27.5%-13.8pp | -13.7%-9.3pp | -4.4%+5.5pp | -9.9% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -33.7%-23.6pp | -10.2%+34.6pp | -44.8%-37.4pp | -7.4%+4.1pp | -11.5%-6.6pp | -5.0%-3.2pp | -1.7%+2.6pp | -4.3% |
| Current Ratio | 0.37-0.2 | 0.53+0.2 | 0.38-0.5 | 0.83+0.0 | 0.79+0.2 | 0.590.0 | 0.58-0.3 | 0.90 |
| Debt-to-Equity | 0.000.0 | 0.000.0 | 0.00+0.8 | -0.81-0.1 | -0.72-0.7 | 0.000.0 | 0.00+0.9 | -0.85 |
| FCF Margin | -25.5%+2.6pp | -28.1%-21.9pp | -6.2%+17.4pp | -23.5%-18.7pp | -4.9%+9.7pp | -14.6%-9.9pp | -4.7%+8.0pp | -12.7% |
Note: Shareholder equity is negative (-$164.4M), which causes debt-to-equity and return on equity ratios to appear negative or not meaningful. This can occur from accumulated losses or large share buyback programs.
Note: The current ratio is below 1.0 (0.40), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Quantum's annual revenue?
Quantum (QMCO) reported $274.1M in total revenue for fiscal year 2025. This represents a -12.0% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Quantum's revenue growing?
Quantum (QMCO) revenue declined by 12% year-over-year, from $311.6M to $274.1M in fiscal year 2025.
Is Quantum profitable?
No, Quantum (QMCO) reported a net income of -$115.1M in fiscal year 2025, with a net profit margin of -42.0%.
What is Quantum's earnings per share (EPS)?
Quantum (QMCO) reported diluted earnings per share of $-22.35 for fiscal year 2025. This represents a -157.5% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.
What is Quantum's EBITDA?
Quantum (QMCO) had EBITDA of -$36.1M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Quantum have?
As of fiscal year 2025, Quantum (QMCO) had $16.5M in cash and equivalents against $0 in long-term debt.
What is Quantum's gross margin?
Quantum (QMCO) had a gross margin of 40.1% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Quantum's operating margin?
Quantum (QMCO) had an operating margin of -15.2% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Quantum's net profit margin?
Quantum (QMCO) had a net profit margin of -42.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Quantum's free cash flow?
Quantum (QMCO) generated -$28.6M in free cash flow during fiscal year 2025. This represents a -78.2% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Quantum's operating cash flow?
Quantum (QMCO) generated -$23.6M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Quantum's total assets?
Quantum (QMCO) had $155.4M in total assets as of fiscal year 2025, including both current and long-term assets.
What are Quantum's capital expenditures?
Quantum (QMCO) invested $4.9M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
How much does Quantum spend on research and development?
Quantum (QMCO) invested $31.1M in research and development during fiscal year 2025.
How many shares does Quantum have outstanding?
Quantum (QMCO) had 7M shares outstanding as of fiscal year 2025.
What is Quantum's current ratio?
Quantum (QMCO) had a current ratio of 0.40 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Quantum's debt-to-equity ratio?
Quantum (QMCO) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Quantum's return on assets (ROA)?
Quantum (QMCO) had a return on assets of -74.1% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Quantum's cash runway?
Based on fiscal year 2025 data, Quantum (QMCO) had $16.5M in cash against an annual operating cash burn of $23.6M. This gives an estimated cash runway of approximately 8 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
Why is Quantum's debt-to-equity ratio negative or unusual?
Quantum (QMCO) has negative shareholder equity of -$164.4M as of fiscal year 2025, which causes the debt-to-equity ratio to appear negative or not meaningful. This can occur when accumulated losses exceed invested capital, or after large share buyback programs. Other solvency metrics like the current ratio or interest coverage may be more informative.
What is Quantum's Piotroski F-Score?
Quantum (QMCO) has a Piotroski F-Score of 2 out of 9, indicating weak financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Quantum's earnings high quality?
Quantum (QMCO) has an earnings quality ratio of 0.21x, considered low quality (accrual-driven). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Quantum cover its interest payments?
Quantum (QMCO) has an interest coverage ratio of -1.8x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Quantum?
Quantum (QMCO) scores 0 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.