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QMCO

Quantum Corporation

QMCO

Quantum Corporation • NASDAQ
$7.85 ▲ 4.95% (+0.37)
Market Cap $49.05 M
52w High $90.64
52w Low $6.51
Dividend Yield 0%
P/E -0.37
Volume 303.04K
Outstanding Shares 6.25M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q2-2026 $62.715M ▼ $31.71M ▼ $-46.456M ▼ -74.075% ▼ $-3.78 ▼ $-39.247M ▼
Q1-2026 $64.286M ▲ $35.308M ▼ $-17.206M ▼ -26.765% ▼ $-1.87 ▼ $-9.435M ▼
Q4-2025 $59.694M ▼ $35.834M ▲ $-9.311M ▲ -15.598% ▲ $-1.85 ▲ $-1.161M ▲
Q3-2025 $72.551M ▲ $35.615M ▼ $-71.433M ▼ -98.459% ▼ $-14.56 ▼ $-63.43M ▼
Q2-2025 $70.469M $36.202M $-13.527M -19.196% $-2.82 $-5.459M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q2-2026 $14.67M ▼ $137.697M ▼ $298.196M ▲ $-160.499M ▼
Q1-2026 $37.404M ▲ $169.154M ▲ $283.54M ▼ $-114.386M ▲
Q4-2025 $16.464M ▼ $155.402M ▼ $319.768M ▼ $-164.366M ▲
Q3-2025 $20.381M ▲ $168.056M ▲ $363.111M ▲ $-195.055M ▼
Q2-2025 $16.719M $163.146M $316.549M $-153.403M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q2-2026 $-46.456M ▼ $-15.598M ▲ $-414K ▲ $-6.236M ▼ $-22.218M ▼ $-16.012M ▲
Q1-2026 $-17.206M ▼ $-16.891M ▼ $-1.192M ▼ $39.027M ▲ $20.944M ▲ $-18.083M ▼
Q4-2025 $-9.311M ▲ $-3.268M ▼ $-623K ▲ $-109K ▼ $-4M ▼ $-3.891M ▲
Q3-2025 $-71.433M ▼ $-3.151M ▲ $-1.096M ▲ $7.89M ▼ $3.643M ▲ $-4.247M ▲
Q2-2025 $-14.449M $-15.298M $-1.608M $16.323M $-583K $-16.906M

Revenue by Products

Product Q3-2025Q4-2025Q1-2026Q2-2026
Product
Product
 $40.00M ▲$40.00M ▲$40.00M ▲$40.00M ▲
Royalty
Royalty
 $0 ▲$0 ▲$0 ▲$0 ▲
Service
Service
 $30.00M ▲$20.00M ▼$20.00M ▲$20.00M ▲
Subscriptions
Subscriptions
 $0 ▲$0 ▲$0 ▲$10.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Revenue has been drifting down over the past few years, and the company has not been able to turn that into consistent profits. Gross margins look reasonably healthy and have even improved a bit, but they are not high enough to cover operating costs. Operating income and net income have been negative for several years, with losses recently widening rather than narrowing. In simple terms, the core business still hasn’t reached a sustainable profit level and remains in turnaround mode.

Balance Sheet

Balance Sheet The balance sheet is stressed. Total assets have slowly shrunk, cash is limited, and debt makes up a large share of the capital structure. Shareholder equity is negative, reflecting years of accumulated losses, which weakens the financial cushion in a downturn. This mix—meaningful debt, thin cash, and negative equity—suggests financial flexibility is constrained and the company is reliant on lenders and capital markets to support its plans.

Cash Flow

Cash Flow Cash generation is fragile. Operating cash flow has hovered around breakeven to modestly negative, and free cash flow has been consistently negative, even if not deeply so. Capital spending is relatively light, which helps, but it also means there is little internal cash to fund growth or absorb shocks. Overall, the company appears to be managing on a tight cash leash, with limited room for missteps or delays in its strategic shift.

Competitive Edge

Competitive Edge Quantum occupies a specialized niche in managing large, unstructured data—especially video and similar heavy workloads—where it has long-standing relationships and domain expertise. Its strength lies in offering an end‑to‑end ecosystem that spans fast access, backup, and long‑term archiving, often tailored to media, research, and other data‑intensive fields. However, it operates in a fiercely competitive arena against much larger storage and cloud vendors. Its niche focus and integrated stack are differentiators, but its small scale and weaker finances are competitive constraints that larger rivals do not face.

Innovation and R&D

Innovation and R&D The company is clearly leaning into innovation, especially around AI and unstructured data workflows. Platforms like its high‑performance file systems, object storage, backup appliances, and AI‑assisted media management tools are designed to support the full lifecycle of data, from ingest to archive. The newer all‑flash offerings and software‑driven, subscription models position it toward modern AI and analytics workloads. The opportunity is substantial if adoption grows, but sustained investment is needed, and Quantum’s financial position may limit how aggressively it can fund R&D compared with bigger peers.

Summary

Quantum is in the middle of a strategic transformation: moving from a traditional storage hardware player toward a software‑ and subscription‑oriented partner for AI and unstructured data. Strategically, the direction aligns with powerful industry trends, and the product portfolio fits real needs in high‑value niches. Financially, however, the picture is challenging—revenue has softened, profits remain elusive, cash flow is tight, and the balance sheet is weak. The story hinges on execution: whether the company can grow its newer platforms and recurring revenue fast enough, and with enough discipline, to overcome current financial strain and translate its technological assets into durable, profitable growth.

NEWS

November 27, 2025 · 4:00 PM UTC

Award-winning Investigative News Program W5 Airs Part 2 of 3-part Television Series on Alleged Stock Market Manipulation of Quantum Biopharma Involving Two of Canada's Largest Banks, CIBC and RBC

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November 26, 2025 · 4:59 PM UTC

Quantum eMotion Announces Issuance of Q3 Financial Reports and Clarification Regarding Previously Disclosed Stock Options Grants

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November 26, 2025 · 2:23 PM UTC

Quantum eMotion and Exascale Labs Launch Initiative to Partner to Pioneer Quantum-Secured AI Compute Infrastructure

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November 26, 2025 · 9:30 AM UTC

Quantum Biopharma's USD $700 Million Lawsuit Alleging Stock Market Manipulation Subject of 3-part Series Investigative News Program W5

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November 26, 2025 · 8:00 AM UTC

Scope Technologies Corp Announces Name Change and Corporate Rebrand to QSE - Quantum Secure Encryption Corp.

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