Quantum Corporation (QMCO) Financial Statements (2025 and earlier)

Company Profile

Business Address 224 AIRPORT PARKWAY
SAN JOSE, CA 95110
State of Incorp. DE
Fiscal Year End March 31
Industry (SIC) 3572 - Computer Storage Devices (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

12/31/2024
MRQ
3/31/2024
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments25,69225,9635,21027,4306,44010,790
Cash and cash equivalent25,69225,9635,21027,4306,44010,790
Restricted cash and investments1682122837078301,065
Receivables67,78872,46469,35473,10270,37086,828
Prepaid expense2,1864,1587,853   
Other current assets8,4145,5134,6976,9398,48918,095
Other undisclosed current assets27,53644,74557,80047,88849,69837,510
Total current assets:131,784153,055145,197156,066135,827154,288
Noncurrent Assets
Operating lease, right-of-use asset9,42510,29111,1079,38312,689
Property, plant and equipment12,02816,55512,85310,0519,0468,437
Intangible assets, net (including goodwill)14,63817,91022,5538,503 34
Goodwill12,96912,96912,9693,466  
Intangible assets, net (excluding goodwill)1,6694,9419,5845,037 34
Restricted cash and investments    5,0005,0005,000
Other noncurrent assets19,74015,8469,9255,9213,4335,112
Total noncurrent assets:55,83160,60256,43838,85830,16818,583
TOTAL ASSETS:187,615213,657201,635194,924165,995172,871
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities40,07349,38266,92372,63369,44183,537
Employee-related liabilities16,14119,21414,95717,117
Accounts payable26,08735,71634,22035,24536,94937,395
Accrued liabilities13,98613,66616,56218,17417,53529,025
Deferred revenue78,51182,50486,51784,02781,492
Debt82,4965,0004,3751,8507,3211,650
Derivative instruments and hedges, liabilities4,046     
Restructuring reserve    580 2,876
Other undisclosed current liabilities44,81815,710   90,407
Total current liabilities:249,944152,596157,815159,090158,254178,470
Noncurrent Liabilities
Long-term debt and lease obligation  16,75027,6268,005157,669145,621
Long-term debt, excluding current maturities  16,75017,735 146,847145,621
Liabilities, other than long-term debt59,16964,84553,42949,18448,59711,827
Deferred revenue38,17643,30641,58036,12637,443
Other liabilities11,37211,37011,84913,05811,15411,827
Operating lease, liability9,62110,1699,8918,00510,822
Other undisclosed noncurrent liabilities  66,35489,44890,890 36,733
Total noncurrent liabilities:59,169147,949170,503148,079206,266194,181
Total liabilities:309,113300,545328,318307,169364,520372,651
Equity
Equity, attributable to parent(121,498)(86,888)(126,683)(112,245)(198,525)(199,780)
Common stock959936605570399360
Additional paid in capital707,116722,603645,038626,664505,762499,224
Accumulated other comprehensive loss(2,193)(1,581)(1,423)(856)(1,522)(1,410)
Accumulated deficit(827,380)(808,846)(770,903)(738,623)(703,164)(697,954)
Total equity:(121,498)(86,888)(126,683)(112,245)(198,525)(199,780)
TOTAL LIABILITIES AND EQUITY:187,615213,657201,635194,924165,995172,871

Income Statement (P&L) ($ in thousands)

12/31/2024
TTM
3/31/2024
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Revenues311,600412,752372,827349,576402,949402,680
Cost of revenue(186,711)(278,813)(225,792)(198,823)(230,441)(235,066)
Cost of product and service sold(186,711)(278,813)(225,792)(198,823)(230,441)(4,266)
Gross profit:124,889133,939147,035150,753172,508167,614
Operating expenses(153,766)(159,946)(160,875)(142,350)(151,304)(172,360)
Operating income (loss):(28,877)(26,007)(13,840)8,40321,204(4,746)
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(1,746)1,956(251)(1,312)(261)(2,878)
Interest and debt expense (11,952)(16,848)(42,311)(25,350)(3,637)
Loss from continuing operations before equity method investments, income taxes:(30,623)(36,003)(30,939)(35,220)(4,407)(11,261)
Other undisclosed loss from continuing operations before income taxes(9,952)    (29,160)
Loss from continuing operations before income taxes:(40,575)(36,003)(30,939)(35,220)(4,407)(40,421)
Income tax expense (benefit)(711)(1,940)(1,341)(239)(803)(2,376)
Loss from continuing operations:(41,286)(37,943)(32,280)(35,459)(5,210)(42,797)
Loss before gain (loss) on sale of properties:(32,280)(35,459)(5,210)(42,797)
Net loss attributable to parent:(41,286)(37,943)(32,280)(35,459)(5,210)(42,797)
Other undisclosed net income (loss) available to common stockholders, basic (389)    
Net loss available to common stockholders, diluted:(41,286)(38,332)(32,280)(35,459)(5,210)(42,797)

Comprehensive Income ($ in thousands)

12/31/2024
TTM
3/31/2024
3/31/2023
3/31/2022
3/31/2021
3/31/2020
3/31/2019
Net loss:(41,286)(37,943)(32,280)(35,459)(5,210)(42,797)
Comprehensive loss:(41,286)(37,943)(32,280)(35,459)(5,210)(42,797)
Other undisclosed comprehensive income (loss), net of tax, attributable to parent(612)(158)(567)666(112)(1,136)
Comprehensive loss, net of tax, attributable to parent:(41,898)(38,101)(32,847)(34,793)(5,322)(43,933)

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

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