QUANTUM CORP /DE/
For the period ended Jun 30, 2025. Filed Sep 11, 2025.
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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.
Jun 30, 2025 · Filed Sep 11, 2025
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Balance Sheet Information
NOTE 3: BALANCE SHEET INFORMATION
Certain significant amounts included in the Company's condensed consolidated balance sheets consist of the following (in thousands):
Manufacturing inventories
| June 30, 2025 | March 31, 2025 | |
|---|---|---|
| Finished goods | $7,885 | $10,471 |
| Work in progress | 1,085 | 380 |
| Raw materials | 9,537 | 9,485 |
| Total manufacturing inventories | $18,507 | $20,336 |
Service parts inventories
| June 30, 2025 | March 31, 2025 | |
|---|---|---|
| Finished goods | $764 | $1,189 |
| Component parts | 759 | 909 |
| Total service parts inventories | $1,523 | $2,098 |
Intangibles, net
| June 30, 2025 | March 31, 2025 | |||||
|---|---|---|---|---|---|---|
| Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net | |
| Customer lists | $4,398 | $(4,347) | $51 | $4,398 | $(4,117) | $281 |
| Intangible assets, net | $4,398 | $(4,347) | $51 | $4,398 | $(4,117) | $281 |
Intangible assets amortization expense was $0.2 million and $0.5 million for the three months ended June 30, 2025 and 2024, respectively. As of June 30, 2025, the remaining weighted-average amortization period for definite-lived intangible assets was approximately 0.1 years. The Company recorded amortization of developed technology in cost of product revenue, and customer lists in sales and marketing expenses in the condensed consolidated statements of operations.
Goodwill
As of June 30, 2025 and March 31, 2025, goodwill was $13.0 million. There wereno impairments to goodwill as of June 30, 2025 and March 31, 2025.
| Other long-term assets | ||
|---|---|---|
| June 30, 2025 | March 31, 2025 | |
| Capitalized SaaS implementation costs for internal use | $13,440 | $13,910 |
| Capitalized debt costs | 2,339 | 2,871 |
| Contract cost asset | 1,097 | 1,144 |
| Other | 1,476 | 1,463 |
| Total other long-term assets | $18,352 | $19,388 |
The following table details the change in the accrued warranty balance (in thousands):
| June 30, 2025 | March 31, 2025 | |
|---|---|---|
| Beginning balance | $1,032 | $1,545 |
| Current period accruals | 622 | 2,333 |
| Adjustments to prior estimates | (19) | 46 |
| Charges incurred | (735) | (2,735) |
| Reclassification to long-term warranty | 27 | (157) |
| Ending balance | $927 | $1,032 |
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