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
QMCO$16.30-4.1%Stored close · as of Nov 10, 2026
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Item 1. Condensed Consolidated Balance Sheets
CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands, except per share amounts, unaudited)
| June 30, 2025 | March 31, 2025 | |
|---|---|---|
| Assets | ||
| Current assets: | ||
| Cash and cash equivalents | $37,404 | $16,464 |
| Restricted cash | 143 | 139 |
| Accounts receivable, net of allowance for credit losses of $100 and $99, respectively | 48,445 | 52,502 |
| Manufacturing inventories | 18,507 | 20,336 |
| Service parts inventories | 1,523 | 2,098 |
| Prepaid expenses | 3,763 | 2,738 |
| Other current assets | 8,658 | 8,529 |
| Total current assets | 118,443 | 102,806 |
| Property and equipment, net | 11,025 | 11,378 |
| Goodwill | 12,969 | 12,969 |
| Intangible assets, net | 51 | 281 |
| Right-of-use assets | 8,314 | 8,580 |
| Other long-term assets | 18,352 | 19,388 |
| Total assets | $169,154 | $155,402 |
| Liabilities and Stockholders’ Deficit | ||
| Current liabilities: | ||
| Accounts payable | $26,824 | $31,463 |
| Accrued compensation | 10,250 | 9,214 |
| Deferred revenue, current portion | 69,675 | 75,076 |
| Accrued restructuring | 1,779 | 786 |
| Term debt | 96,713 | 96,486 |
| Revolving credit facility | — | 26,600 |
| Other accrued liabilities | 18,511 | 17,982 |
| Total current liabilities | 223,752 | 257,607 |
| Deferred revenue, net of current portion | 36,580 | 38,847 |
| Operating lease liabilities | 8,787 | 8,934 |
| Other long-term liabilities | 14,421 | 14,380 |
| Total liabilities | 283,540 | 319,768 |
| Commitments and contingencies (Note 10) | ||
| Stockholders' deficit | ||
| Preferred stock, 20,000 shares authorized; no shares issued and outstanding | — | — |
| Common stock, $0.01 par value; 225,000 shares authorized; 13,319 and 6,962 shares issued and outstanding | 133 | 70 |
| Additional paid-in capital | 846,046 | 779,645 |
| Accumulated deficit | (959,677) | (942,471) |
| Accumulated other comprehensive loss | (888) | (1,610) |
| Total stockholders’ deficit | (114,386) | (164,366) |
| Total liabilities and stockholders’ deficit | $169,154 | $155,402 |
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