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
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Revenue
NOTE 2: REVENUE
Contract Balances
As of December 31, 2025, March 31, 2025 and March 31, 2024, the Company’s contract assets related to performance obligations completed in advance of the right to invoice and are included in other current asset in the condensed consolidated balance sheets. Contract assets werenot material as of December 31, 2025, March 31, 2025 and March 31, 2024. As of March 31, 2024, accounts receivable totaled $67.8 million.
Deferred revenue primarily consists of amounts that have been invoiced, which are typically with net 45-day payment terms, but have not yet been recognized as revenue and performance obligations pertaining to service and subscription contracts.
The following table presents the changes in the Company’s deferred revenue for the periods indicated (in thousands):
| Three Months Ended December 31, | Nine Months Ended December 31, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Beginning balance | $101,902 | $104,234 | $113,923 | $116,687 |
| Additions | 32,944 | 30,323 | 71,486 | 74,786 |
| Recognition of deferred revenue | (26,520) | (27,724) | (77,083) | (84,640) |
| Ending balance | $108,326 | $106,833 | $108,326 | $106,833 |
| Short-term deferred revenue | $74,917 | $66,762 | $74,917 | $66,762 |
| Long-term deferred revenue | $33,409 | $40,071 | $33,409 | $40,071 |
Remaining Performance Obligations
Total remaining performance obligations (“RPO”) representing contracted but not recognized revenue was $138.6 million as of December 31, 2025. RPO consists of both deferred revenue and uninvoiced, non-cancelable contracts that are expected to be invoiced and recognized as revenue in future periods and excludes variable consideration related to sales-based royalties.
RPO consisted of the following (in thousands):
| Current | Non-Current | Total | |
|---|---|---|---|
| As of December 31, 2025 | $102,884 | $35,671 | $138,555 |
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