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Midas Edge

QUANTUM CORP DE

For the period ended Dec 31, 2024. Filed Feb 12, 2025.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Dec 31, 2024 · Filed Feb 12, 2025

QMCO$16.99+17.4%Stored close · as of Nov 9, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Leases

NOTE 6: LEASES

Supplemental balance sheet information related to leases is as follows (in thousands):

Operating LeasesDecember 31, 2024March 31, 2024
Operating lease right-of-use asset$8,670$9,425
Operating lease liability within other accrued liabilities1,2271,256
Operating lease liability, net9,0679,621
Total operating lease liabilities$10,294$10,877

Components of lease cost were as follows (in thousands):

Three Months Ended December 31,Nine Months Ended December 31,
Lease Cost2024202320242023
Operating lease cost$716$710$2,207$2,316
Variable lease cost6951221233
Total lease cost$785$761$2,428$2,549
Maturity of Lease LiabilitiesOperating Leases
Remainder of fiscal year 2025$670
20262,276
20271,770
20281,550
20291,228
Thereafter12,095
Total lease payments$19,589
Less: imputed interest(9,295)
Present value of lease liabilities$10,294
Lease Term and Discount RateDecember 31, 2024March 31, 2024
Weighted average remaining operating lease term (years)10.2510.85
Weighted average discount rate for operating leases12.6%12.7%

Operating cash outflows related to operating leases totaled $2.1 million and $2.3 million for the nine months ended December 31, 2024 and 2023, respectively.

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.