QUANTUM CORP /DE/
For the period ended Sep 30, 2025. Filed Nov 13, 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.
Sep 30, 2025 · Filed Nov 13, 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
| September 30, 2025 | March 31, 2025 | |
|---|---|---|
| Finished goods | $6,987 | $10,471 |
| Work in progress | 1,517 | 380 |
| Raw materials | 9,488 | 9,485 |
| Total manufacturing inventories | $17,992 | $20,336 |
Service Parts Inventories
| September 30, 2025 | March 31, 2025 | |
|---|---|---|
| Finished goods | $476 | $1,189 |
| Component parts | 462 | 909 |
| Total service parts inventories | $938 | $2,098 |
Intangibles, net
| September 30, 2025 | March 31, 2025 | |||||
|---|---|---|---|---|---|---|
| Gross | Accumulated Amortization | Net | Gross | Accumulated Amortization | Net | |
| Customer lists | $4,398 | $(4,398) | $— | $4,398 | $(4,117) | $281 |
| Intangible assets, net | $4,398 | $(4,398) | $— | $4,398 | $(4,117) | $281 |
Intangible assets amortization expense was $0.1 million and $0.5 million, and $0.3 million and $0.9 million for the three and six months ended September 30, 2025 and 2024, respectively. 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 September 30, 2025 and March 31, 2025, goodwill was approximately $13.0 million. There wereno impairments to goodwill as of September 30, 2025 and March 31, 2025.
| Other Long-Term Assets | ||
|---|---|---|
| September 30, 2025 | March 31, 2025 | |
| Capitalized SaaS implementation costs for internal use, net | $12,972 | $13,910 |
| Capitalized debt costs | — | 2,871 |
| Contract cost asset | 1,068 | 1,144 |
| Other | 1,875 | 1,463 |
| Total other long-term assets | $15,915 | $19,388 |
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