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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Revenue
NOTE 2: REVENUE
Contract Balances
The following table presents the Company’s receivables and contract liabilities and certain information related to this balance as of June 30, 2025, March 31, 2025 and March 31, 2024 (in thousands):
| June 30, 2025 | March 31, 2025 | March 31, 2024 | |
|---|---|---|---|
| Accounts receivable | $48,445 | $52,502 | $67,788 |
| Deferred revenue | $106,255 | $113,923 | $116,687 |
| Revenue recognized in the period from amounts included in contract liabilities at the beginning of the period | $26,586 | $74,048 | $76,304 |
Remaining Performance Obligations
Total remaining performance obligations (“RPO”) representing contracted but not recognized revenue was $125.2 million as of June 30, 2025. RPO consists of both deferred revenue and uninvoiced, non-cancelable contracts that are expected to be invoiced and recognized as revenue in future periods and excludes variable consideration related to sales-based royalties.
RPO consisted of the following (in thousands):
| Current | Non-Current | Total | |
|---|---|---|---|
| As of June 30, 2025 | $86,727 | $38,428 | $125,155 |
Deferred revenue consists of amounts that have been invoiced but have not yet been recognized as revenue including performance obligations pertaining to subscription services. The table below reflects the Company’s deferred revenue as of June 30, 2025 (in thousands):
| Deferred revenue by period | ||||
|---|---|---|---|---|
| Total | 1 year or less | 1 – 3 Years | 3 year or greater | |
| Service revenue | $81,969 | $57,185 | $22,607 | $2,177 |
| Subscription revenue | 24,286 | 12,490 | 10,710 | 1,086 |
| Balance as of June 30, 2025 | $106,255 | $69,675 | $33,317 | $3,263 |
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