Quantum Financials
This page shows Quantum (QMCO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 17 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).
Shrinking scale and thin liquidity are overwhelming steady gross margins, leaving Quantum dependent on outside funding to operate.
Over the last two years, gross margin recovery from33.9% to40.1% happened alongside a steep revenue contraction, which means the core product economics did not collapse even as the business lost scale and fixed-cost absorption. Because operating cash flow also deteriorated from-$4.9M to-$23.6M , the real squeeze is overhead and near-term funding, not gross margin alone.
The balance sheet is obligation-heavy: FY2025 liabilities of
Cash burn is operational, not expansionary: capital spending was only
Financial Health Signals
Based on FY2026 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →
Health score ≠ stock price. This rates the quality of Quantum's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Quantum has an operating margin of -8.8%, meaning the company retains $-9 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 up from -15.2% the prior year.
Quantum's revenue grew a modest 2.0% year-over-year to $279.6M. This slow but positive growth earns a score of 25/100.
Quantum's current ratio of 0.55 is below the typical benchmark, resulting in a score of 5/100. This tight liquidity could limit financial flexibility if cash inflows slow.
While Quantum generated -$37.9M in operating cash flow, capex of $1.7M consumed most of it, leaving -$39.6M in free cash flow. This results in a low score of 0/100, reflecting heavy capital investment rather than weak cash generation.
Quantum passes 4 of 9 financial strength tests. 2 of 4 profitability signals pass, 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
For every $1 of reported earnings, Quantum generates $0.37 in operating cash flow (-$37.9M OCF vs -$101.0M net income). This low ratio suggests earnings are primarily driven by accounting accruals rather than cash generation, which may not be sustainable.
Quantum earns $-1.1 in operating income for every $1 of interest expense (-$24.5M vs $21.6M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Quantum generated $279.6M in revenue in fiscal year 2026. This represents an increase of 2.0% from the prior year.
Quantum's EBITDA was -$19.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 46.7% from the prior year.
Quantum reported -$101.0M in net income in fiscal year 2026. This represents an increase of 12.2% from the prior year.
Quantum earned $-7.97 per diluted share (EPS) in fiscal year 2026. This represents an increase of 64.3% from the prior year.
Cash & Balance Sheet
Quantum generated -$39.6M in free cash flow in fiscal year 2026, representing cash available after capex. This represents a decrease of 38.5% from the prior year.
Quantum held $15.6M in cash against $90.0M in long-term debt as of fiscal year 2026.
Quantum had 15M shares outstanding in fiscal year 2026. This represents an increase of 110.3% from the prior year.
Margins & Returns
Quantum's gross margin was 36.9% in fiscal year 2026, indicating the percentage of revenue retained after direct costs. This is down 3.2 percentage points from the prior year.
Quantum's operating margin was -8.8% in fiscal year 2026, reflecting core business profitability. This is up 6.4 percentage points from the prior year.
Quantum's net profit margin was -36.1% in fiscal year 2026, showing the share of revenue converted to profit. This is up 5.9 percentage points from the prior year.
Capital Allocation
Quantum invested $23.5M in research and development in fiscal year 2026. This represents a decrease of 24.5% from the prior year.
Quantum invested $1.7M in capex in fiscal year 2026, funding long-term assets and infrastructure. This represents a decrease of 65.5% from the prior year.
QMCO Income Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $78.0M+4.6% | $74.6M+18.9% | $62.7M-2.4% | $64.3M+4.9% | $61.3M-10.8% | $68.7M-4.4% | $71.8M-0.6% | $72.3M |
| Cost of Revenue | $50.1M+9.8% | $45.7M+16.6% | $39.2M-5.8% | $41.6M+12.3% | $37.0M-9.3% | $40.8M-1.0% | $41.2M-8.9% | $45.2M |
| Gross Profit | $27.8M-3.8% | $28.9M+22.8% | $23.6M+3.7% | $22.7M-6.3% | $24.2M-13.1% | $27.9M-9.0% | $30.6M+13.3% | $27.1M |
| R&D Expenses | $5.6M+0.1% | $5.6M-2.1% | $5.7M-14.5% | $6.7M-3.3% | $6.9M-10.4% | $7.7M-7.0% | $8.3M-0.5% | $8.3M |
| SG&A Expenses | $9.3M-7.4% | $10.0M-8.7% | $11.0M-18.9% | $13.6M-8.2% | $14.8M+4.5% | $14.1M+1.2% | $14.0M-33.6% | $21.1M |
| Operating Income | -$2.6M-115.9% | -$1.2M+85.4% | -$8.2M+35.2% | -$12.6M-8.7% | -$11.6M-50.0% | -$7.7M-39.0% | -$5.6M+66.9% | -$16.8M |
| Interest Expense | $2.9M-51.1% | $5.9M-4.7% | $6.2M-4.4% | $6.5M-4.8% | $6.8M+0.1% | $6.8M+11.6% | $6.1M+61.8% | $3.8M |
| Income Tax | $38K-93.6% | $590K+275.8% | $157K-29.6% | $223K+52.7% | $146K+108.6% | $70K-81.1% | $370K+57.4% | $235K |
| Net Income | -$9.5M+65.7% | -$27.8M+40.1% | -$46.5M-170.0% | -$17.2M-122.2% | -$7.7M+89.7% | -$75.3M-519.8% | -$12.2M+38.9% | -$19.9M |
| EPS (Diluted) | N/A | $-2.03+41.8% | $-3.49-86.6% | $-1.87 | N/A | $-15.35-504.3% | $-2.54 | $-4.15 |
QMCO Balance Sheet
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $156.9M+5.1% | $149.3M+8.4% | $137.7M-18.6% | $169.2M+8.8% | $155.4M-7.5% | $168.1M+3.0% | $163.1M-5.7% | $173.1M |
| Current Assets | $112.5M+8.6% | $103.6M+15.0% | $90.1M-23.9% | $118.4M+15.2% | $102.8M-9.7% | $113.8M+4.6% | $108.9M-8.3% | $118.7M |
| Cash & Equivalents | $15.6M+18.1% | $13.2M-10.2% | $14.7M-60.8% | $37.4M+127.2% | $16.5M-19.2% | $20.4M+21.9% | $16.7M-3.3% | $17.3M |
| Inventory | $16.1M-8.7% | $17.6M-6.9% | $18.9M | N/A | $22.4M | N/A | N/A | N/A |
| Accounts Receivable | $69.7M+17.2% | $59.4M+35.3% | $43.9M-9.3% | $48.4M-7.7% | $52.5M-14.5% | $61.4M+20.2% | $51.1M-16.8% | $61.4M |
| 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 | $355.7M+6.7% | $333.5M+11.8% | $298.2M+5.2% | $283.5M-11.3% | $319.8M-12.3% | $364.7M+16.0% | $314.3M+0.3% | $313.4M |
| Current Liabilities | $205.8M+1.3% | $203.2M-16.0% | $241.7M+8.0% | $223.8M-13.1% | $257.6M-14.8% | $302.4M+131.3% | $130.7M-13.4% | $150.9M |
| Long-Term Debt | $90.0M+18.7% | $75.9M | $0 | $0 | $0 | $0-100.0% | $123.0M+21.9% | $100.9M |
| Total Equity | -$198.9M-7.9% | -$184.2M-14.8% | -$160.5M-40.3% | -$114.4M+30.4% | -$164.4M+16.4% | -$196.6M-30.1% | -$151.1M-7.7% | -$140.3M |
| Retained Earnings | -$1.0B-0.9% | -$1.0B-2.8% | -$1.0B-4.8% | -$959.7M-1.8% | -$942.5M-0.8% | -$934.7M-8.8% | -$859.4M-1.4% | -$847.3M |
QMCO Cash Flow Statement
| Metric | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | -$418K+91.6% | -$4.9M+68.3% | -$15.6M+7.7% | -$16.9M-416.9% | -$3.3M-3.7% | -$3.2M+79.4% | -$15.3M-706.9% | -$1.9M |
| Capital Expenditures | $781K+214.7% | -$681K-264.5% | $414K-65.3% | $1.2M+91.3% | $623K-43.2% | $1.1M-31.8% | $1.6M-0.7% | $1.6M |
| Free Cash Flow | -$1.2M+78.7% | -$5.6M+64.8% | -$16.0M+11.5% | -$18.1M-364.7% | -$3.9M+8.4% | -$4.2M+74.9% | -$16.9M-380.8% | -$3.5M |
| Investing Cash Flow | -$781K-214.7% | $681K+264.5% | -$414K+65.3% | -$1.2M-91.3% | -$623K+43.2% | -$1.1M+31.8% | -$1.6M+0.7% | -$1.6M |
| Financing Cash Flow | $3.6M+29.6% | $2.8M+144.5% | -$6.2M-116.0% | $39.0M+35904.6% | -$109K-101.4% | $7.9M-51.7% | $16.3M+440.2% | -$4.8M |
| 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 | Q4'26 | Q3'26 | Q2'26 | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.7%-3.1pp | 38.8%+1.2pp | 37.5%+2.2pp | 35.3%-4.2pp | 39.6%-1.0pp | 40.6%-2.0pp | 42.6%+5.2pp | 37.4% |
| Operating Margin | -3.3%-1.7pp | -1.6%+11.4pp | -13.0%+6.6pp | -19.6%-0.7pp | -18.9%-7.7pp | -11.3%-3.5pp | -7.7%+15.5pp | -23.3% |
| Net Margin | -12.2%+25.1pp | -37.3%+36.7pp | -74.1%-47.3pp | -26.8%-14.1pp | -12.6%+97.0pp | -109.6%-92.7pp | -16.9%+10.6pp | -27.5% |
| Return on Equity | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Return on Assets | -6.1%+12.6pp | -18.6%+15.1pp | -33.7%-23.6pp | -10.2%-5.2pp | -5.0%+39.8pp | -44.8%-37.4pp | -7.4%+4.1pp | -11.5% |
| Current Ratio | 0.55+0.0 | 0.51+0.1 | 0.37-0.2 | 0.53+0.1 | 0.40+0.0 | 0.38-0.5 | 0.83+0.0 | 0.79 |
| Debt-to-Equity | -0.45-0.0 | -0.41-0.4 | 0.000.0 | 0.000.0 | 0.000.0 | 0.00+0.8 | -0.81-0.1 | -0.72 |
| FCF Margin | -1.5%+6.0pp | -7.5%+18.0pp | -25.5%+2.6pp | -28.1%-21.8pp | -6.3%-0.2pp | -6.2%+17.4pp | -23.5%-18.7pp | -4.9% |
Note: Shareholder equity is negative (-$198.9M), 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 (0.55), 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 $279.6M in total revenue for fiscal year 2026. This represents a 2.0% 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 grew by 2% year-over-year, from $274.1M to $279.6M in fiscal year 2026.
Is Quantum profitable?
No, Quantum (QMCO) reported a net income of -$101.0M in fiscal year 2026, with a net profit margin of -36.1%.
What is Quantum's EBITDA?
Quantum (QMCO) had EBITDA of -$19.2M in fiscal year 2026, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Quantum have?
As of fiscal year 2026, Quantum (QMCO) had $15.6M in cash and equivalents against $90.0M in long-term debt.
What is Quantum's gross margin?
Quantum (QMCO) had a gross margin of 36.9% in fiscal year 2026, 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 -8.8% in fiscal year 2026, 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 -36.1% in fiscal year 2026, representing the share of revenue converted into profit after all expenses.
What is Quantum's free cash flow?
Quantum (QMCO) generated -$39.6M in free cash flow during fiscal year 2026. This represents a -38.5% 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 -$37.9M in operating cash flow during fiscal year 2026, representing cash generated from core business activities.
What are Quantum's total assets?
Quantum (QMCO) had $156.9M in total assets as of fiscal year 2026, including both current and long-term assets.
What are Quantum's capital expenditures?
Quantum (QMCO) invested $1.7M in capital expenditures during fiscal year 2026, funding long-term assets and infrastructure.
How much does Quantum spend on research and development?
Quantum (QMCO) invested $23.5M in research and development during fiscal year 2026.
What is Quantum's current ratio?
Quantum (QMCO) had a current ratio of 0.55 as of fiscal year 2026, 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 -0.45 as of fiscal year 2026, 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 -64.4% for fiscal year 2026, measuring how efficiently the company uses its assets to generate profit.
What is Quantum's cash runway?
Based on fiscal year 2026 data, Quantum (QMCO) had $15.6M in cash against an annual operating cash burn of $37.9M. This gives an estimated cash runway of approximately 5 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 -$198.9M as of fiscal year 2026, 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 4 out of 9, indicating neutral 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 to 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 0.37x, 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 -1.1x, 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 5 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.