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
QMCO$16.30-4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations and Comprehensive Loss
(in thousands, except per share amounts, unaudited)
| Three Months Ended September 30, | Six Months Ended September 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Product | $35,368 | $39,278 | $72,905 | $81,931 |
| Service and subscription | 25,620 | 30,205 | 50,563 | 56,915 |
| Royalty | 1,727 | 2,363 | 3,534 | 5,265 |
| Total revenue | 62,715 | 71,846 | 127,002 | 144,111 |
| Cost of revenue: | ||||
| Product | 28,748 | 29,774 | 59,493 | 62,330 |
| Service and subscription | 10,415 | 11,427 | 21,243 | 24,080 |
| Total cost of revenue | 39,163 | 41,201 | 80,736 | 86,410 |
| Gross profit | 23,552 | 30,645 | 46,266 | 57,701 |
| Operating expenses: | ||||
| Sales and marketing | 11,819 | 13,578 | 24,474 | 26,873 |
| General and administrative | 11,006 | 13,977 | 24,576 | 35,042 |
| Research and development | 5,692 | 8,264 | 12,353 | 16,572 |
| Restructuring charges | 3,193 | 383 | 5,616 | 1,574 |
| Total operating expenses | 31,710 | 36,202 | 67,019 | 80,061 |
| Loss from operations | (8,158) | (5,557) | (20,753) | (22,360) |
| Other income (expense), net | (185) | (1,334) | (616) | (1,375) |
| Interest expense | (6,227) | (6,131) | (12,743) | (9,921) |
| Change in fair value of warrant liabilities | 1,525 | 3,550 | 1,525 | 5,216 |
| Loss on debt extinguishment | (33,254) | (2,308) | (30,695) | (3,003) |
| Loss before income taxes | (46,299) | (11,780) | (63,282) | (31,443) |
| Income tax provision | 157 | 370 | 380 | 605 |
| Net loss | $(46,456) | $(12,150) | $(63,662) | $(32,048) |
| Net loss per share - basic and diluted | $(3.49) | $(2.54) | $(5.65) | $(6.69) |
| Weighted average shares - basic and diluted | 13,322 | 4,792 | 11,266 | 4,792 |
| Net loss | $(46,456) | $(12,150) | $(63,662) | $(32,048) |
| Foreign currency translation adjustments, net | (62) | 659 | 660 | 801 |
| Total comprehensive loss | $(46,518) | $(11,491) | $(63,002) | $(31,247) |
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