QUANTUM CORP /DE/
For the period ended Sep 30, 2026. Filed Nov 9, 2026.
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Sep 30, 2026 · Filed Nov 9, 2026
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Revenue
NOTE 2: REVENUE
Contract Balances
The following table presents the Company’s contract assets and liabilities:
| September 30, 2026 | March 31, 2026 | March 31, 2025 | |
|---|---|---|---|
| Accounts receivable, net | $70,725 | $69,650 | $52,502 |
| Contract assets - included in Other current assets | 419 | 351 | 278 |
| Deferred revenue, current portion | 75,156 | 75,654 | 75,076 |
| Deferred revenue, net of current portion | 42,300 | 39,030 | 38,847 |
Remaining Performance Obligations
Total remaining performance obligations (“RPO”) refers to goods and services which have been contracted for but not recognized into revenue. RPO consists of both deferred revenue, which is included in the condensed consolidated balance sheets, and non-cancelable amounts from contracts that will be invoiced in the future. As of September 30, 2026, the total balance was $184.6 million. This amount excludes variable consideration related to sales-based royalties.
Remaining performance obligations consisted of the following (in thousands):
| Current | Non-Current | Total | |
|---|---|---|---|
| As of September 30, 2026 | $142,321 | $42,300 | $184,621 |
Deferred revenue primarily consists of amounts invoiced and paid but not recognized as revenue, including performance obligations pertaining to subscription services. The table below reflects our deferred revenue as of September 30, 2026 (in thousands):
| Current | Non-current | Total | |
|---|---|---|---|
| Service revenue | $61,524 | $32,139 | $93,663 |
| Subscription revenue | 12,480 | 10,161 | 22,641 |
| Product revenue | 1,152 | — | 1,152 |
| Total | $75,156 | $42,300 | $117,456 |
The Company recognized revenue of $42.6 million in the six months ended September 30, 2026 and $48.1 million in the six months ended September 30, 2025 that was included in the contract liability balances at March 31, 2026 and 2025, respectively.
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