QUANTUM CORP /DE/
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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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.
Dec 31, 2025 · Filed Feb 17, 2026
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 December 31, | Nine Months Ended December 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue: | ||||
| Product | $46,471 | $38,634 | $119,375 | $120,565 |
| Service and subscription | 26,520 | 27,724 | 77,082 | 84,640 |
| Royalty | 1,595 | 2,326 | 5,130 | 7,592 |
| Total revenue | 74,586 | 68,684 | 201,587 | 212,797 |
| Cost of revenue: | ||||
| Product | 35,611 | 30,922 | 95,104 | 93,251 |
| Service and subscription | 10,043 | 9,874 | 31,287 | 33,954 |
| Total cost of revenue | 45,654 | 40,796 | 126,391 | 127,205 |
| Gross profit | 28,932 | 27,888 | 75,196 | 85,592 |
| Operating expenses: | ||||
| Sales and marketing | 12,977 | 12,448 | 37,451 | 39,321 |
| General and administrative | 10,045 | 14,142 | 34,621 | 49,186 |
| Research and development | 5,573 | 7,683 | 17,926 | 24,255 |
| Restructuring charges | 1,525 | 1,342 | 7,141 | 2,916 |
| Total operating expenses | 30,120 | 35,615 | 97,139 | 115,678 |
| Income (loss) from operations | (1,188) | (7,727) | (21,943) | (30,086) |
| Other income (expense), net | (387) | 960 | (1,261) | (429) |
| Interest income | 42 | 7 | 301 | 21 |
| Interest expense | (5,933) | (6,840) | (18,675) | (16,761) |
| Change in fair value of warrant liabilities | 7,560 | (61,630) | 9,085 | (56,414) |
| Change in fair value of Convertible Note | 1,599 | — | 1,599 | — |
| Loss on debt extinguishment | (28,946) | — | (59,641) | (3,003) |
| Loss before income taxes | (27,253) | (75,230) | (90,535) | (106,672) |
| Income tax provision | 590 | 70 | 970 | 675 |
| Net loss | $(27,843) | $(75,300) | $(91,505) | $(107,347) |
| Net loss per share - basic and diluted | $(2.03) | $(15.35) | $(7.58) | $(22.22) |
| Weighted average shares - basic and diluted | 13,689 | 4,907 | 12,077 | 4,831 |
| Net loss | $(27,843) | $(75,300) | $(91,505) | $(107,347) |
| Foreign currency translation adjustments, net | 44 | (1,077) | 704 | (276) |
| Total comprehensive loss | $(27,799) | $(76,377) | $(90,801) | $(107,623) |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.