QMCO QUANTUM CORP /DE/

Overview and Growth

QUANTUM CORP /DE/ generated $279.58M of revenue in fiscal 2026, with net loss of $101.05M and an operating cash outflow of $37.86M. The $279.58M revenue base provides substantial context for the company’s earnings, cash generation, and capital requirements. Revenue was 2.0% above fiscal 2025 revenue of $274.06M, marking a year-over-year increase. Diluted earnings per share were -$7.97, translating the period’s attributable earnings into the amount reported for each diluted share. At period end, total assets were $156.89M, framing the scale of the company’s operating and financing commitments. The revenue-to-assets relationship was 1.78x, showing the sales generated relative to the resources carried on the balance sheet.

Profitability

The first profit layer was $103.04M of gross profit, the amount available after reported direct revenue costs to absorb operating expenses. The gross-profit relationship equaled 36.9% of revenue, quantifying the portion retained before operating expenses were recognized. The reported operating result was an operating loss of $24.51M, reflecting costs that exceeded gross profit. The operating loss equaled 8.8% of revenue, showing the scale of the operating deficit relative to sales. The bottom-line result was a net loss of $101.05M after operating, financing, tax, and other recognized items. Measured against revenue, the bottom-line deficit represented 36.1% after all recognized items. EBITDA was negative $19.23M, showing a deficit before interest, taxes, depreciation, and amortization. Before income taxes, the company recorded a loss of $100.04M, bridging the operating result to the final net loss. Measured against revenue, the pretax deficit represented 35.8%. The reported income-tax provision was $1.01M, the amount recognized between pretax income and the final net-income result. The loss-to-assets relationship was 64.4%, placing the bottom-line deficit against the company’s resource base. The bottom-line deficit decreased from $115.09M in fiscal 2025 to $101.05M.

Liquidity and Capital Structure

The company held $156.89M of assets against $355.75M of liabilities and -$198.86M of equity, revealing how the asset base was financed. Equity was negative at -$198.86M, meaning liabilities exceeded the residual book value available to shareholders and weakening balance-sheet resilience. Current assets were $112.49M against $205.80M of current liabilities, framing the resources and obligations classified within the near-term balance-sheet horizon. At 0.55x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Cash and equivalents totaled $15.57M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 7.6%, excluding receivables and other current assets. Total debt was $144.84M, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-assets relationship was 92.3%, comparing borrowing with the total asset balance. Equity equaled -126.7% of assets, showing the shareholder-capital layer within the company’s balance sheet. Liabilities represented 226.7% of total assets, quantifying the liability-funded share of the company’s resource base. The cash-to-assets relationship was 9.9%, comparing reported cash and equivalents with the full positive asset balance. Compared with $155.40M in fiscal 2025, the current asset base moved 1.0% and finished higher. The reported cash balance changed 5.4% from $16.46M in fiscal 2025, ending lower year over year.

Cash Flow and Earnings Quality

The company reported an operating cash outflow of $37.86M, rather than cash generation from operations. The company spent $1.71M on capital expenditures while operations also absorbed cash, so both ongoing activity and investment drew on liquidity during the period. The company recorded a $39.56M cash deficit after capital spending for the period. Relative to revenue, the post-investment cash deficit represented 14.2%. Relative to total assets, the post-investment cash deficit measured 25.2%.

Based on the annual report for the fiscal year ending Mar 31, 2026. Analysis generated Oct 21, 2026.