QUANTUM CORP /DE/
For the period ended Sep 30, 2025. Filed Nov 13, 2025.
View on SEC.govAbout 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.
Sep 30, 2025 · Filed Nov 13, 2025
QMCO$16.30-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Condensed Consolidated Statements of Cash Flows
| Six Months Ended September 30, | ||
|---|---|---|
| 2025 | 2024 | |
| Operating activities | ||
| Net loss | $(63,662) | $(32,048) |
| Adjustments to reconcile net loss to net cash used in operating activities | ||
| Depreciation and amortization | 1,857 | 3,347 |
| Amortization of debt issuance costs | 3,998 | 2,081 |
| Non-cash lease expense | 697 | 934 |
| Gain (loss) on debt extinguishment | 5,275 | 3,003 |
| Provision for product and manufacturing inventories | 3,633 | 1,167 |
| Stock-based compensation | (205) | 1,641 |
| Paid-in-kind interest | 3,579 | 1,844 |
| Warrants issued in connection with debt amendments | 25,420 | — |
| Change in fair value of warrant liabilities | (1,525) | (5,216) |
| Other non-cash | 1,936 | 851 |
| Changes in assets and liabilities: | ||
| Accounts receivable, net | 8,429 | 16,638 |
| Inventories | (150) | (1,625) |
| Prepaid expenses | (1,786) | (1,446) |
| Operating lease liabilities | (587) | (500) |
| Accounts payable | (7,794) | 5,253 |
| Accrued compensation | (393) | (4,350) |
| Accrued restructuring charges | 69 | — |
| Deferred revenue | (12,021) | (12,452) |
| Other current assets | 1,085 | (780) |
| Other non-current assets | 1,077 | 1,280 |
| Other current liabilities | (241) | 2,122 |
| Other non-current liabilities | (1,180) | 1,062 |
| Net cash used in operating activities | (32,489) | (17,194) |
| Investing activities | ||
| Purchases of property and equipment | (1,606) | (3,228) |
| Net cash used in investing activities | (1,606) | (3,228) |
| Financing activities | ||
| Borrowings of long-term debt, net of debt issuance costs | (6,317) | 24,655 |
| Repayments of long-term debt | (909) | (13,537) |
| Borrowings of credit facility | 71,625 | 209,852 |
| Repayments of credit facility | (98,682) | (209,445) |
| Proceeds from shares issued related to the SEPA, net | 66,993 | — |
| Proceeds from the issuance of common stock, net | 81 | — |
| Net cash provided by financing activities | 32,791 | 11,525 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 30 | (3) |
| Net change in cash, cash equivalents and restricted cash | (1,274) | (8,900) |
| Cash, cash equivalents and restricted cash at beginning of period | 16,603 | 25,860 |
| Cash, cash equivalents and restricted cash at end of period | $15,329 | $16,960 |
| The following table provides a reconciliation of cash, cash equivalents and restricted cash reported within the consolidated balance sheets that sum to the total of the same such amounts shown in the consolidated statements of cash flows: | ||
| Cash and cash equivalents | $14,670 | $16,719 |
| Restricted cash | 659 | 241 |
| Cash, cash equivalents and restricted cash at the end of period | $15,329 | $16,960 |
| Supplemental disclosure of cash flow information | ||
| Cash paid for interest | $4,591 | $5,539 |
| Cash paid for income taxes, net | $327 | $1,304 |
| Non-cash transactions | ||
| Purchases of property and equipment included in accounts payable | $117 | $312 |
| Right-of-use assets obtained in exchange for new lease liabilities | $9 | $472 |
| Paid-in-kind interest | $3,579 | $1,844 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.