QUANTUM CORP /DE/
For the period ended Dec 31, 2025. Filed Feb 17, 2026.
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Dec 31, 2025 · Filed Feb 17, 2026
Contents
Restructuring Charges
NOTE 7: RESTRUCTURING CHARGES
During the quarters ended December 31, 2025 and 2024, the Company had certain approved restructuring plans to improve operational efficiencies and rationalize its cost structure. During the quarter ended December 31, 2025, the Company recognized $1.5 million of restructuring charges primarily related to employee severance and other termination benefits. These charges are presented within restructuring charges in the condensed consolidated statements of operations and comprehensive loss. The Company expects to recognize additional restructuring charges in future periods, primarily related to severance and termination benefits, and is expected to be substantially complete by the end of fiscal year 2026, which is subject to change.
The following tables present the activity and the estimated timing of future payouts for accrued restructuring included in other current liabilities in the condensed consolidated balance sheets (in thousands):
| Severance and Benefits | |
|---|---|
| Balance as of March 31, 2024 | $— |
| Restructuring charges | 2,916 |
| Cash payments | (2,849) |
| Other non-cash | (67) |
| Balance as of December 31, 2024 | $— |
| Balance as of March 31, 2025 | $786 |
| Restructuring charges | 7,141 |
| Cash payments | (7,053) |
| Other non-cash | 31 |
| Balance as of December 31, 2025 | $905 |
During the three and nine months ended December 31, 2025, the Company recognized approximately $0.8 million and $2.0 million in forfeitures of unvested restricted stock units (“RSUs”) in connection with workforce reductions and employee departures, which reduced stock-based compensation expense in the respective periods.
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