Quantum Corporation
🔔 Watch stock
Assessment
Our Rating
A journalistic assessment by our editorial team at the time of the deep dive — it rates the company, not the entry point. Not investment advice and not a solicitation to buy or sell.
We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
Why this colour
The substance findings are documented and there is more than one of them. Shareholders' equity stood at minus $198.9 million on March 31, 2026, the accumulated deficit at $1.043 billion, and current liabilities exceeded current assets by $93.3 million. The auditor issued an adverse opinion on internal control, and management states the material weakness remains — after the third non-reliance filing in eight years. Operating cash outflow widened to $37.9 million while cash stood at $15.6 million. The June 2026 rescue removed the going-concern doubt, and we say so plainly; it did not remove the negative equity, the broken controls or the fact that the share count is 8.2 times what it was in March 2024. Red here judges the company, not the share price: the substance question is open regardless of how strongly the stock has run in 2026. The decision is yours.
What the thesis turns on
Assessment: Opportunities & Risks
Quantum bought itself time in June 2026: the loan-shark debt is repaid, the acute threat to its existence is gone — paid for with massive dilution. What remains is a company with negative equity, an adverse opinion on its own bookkeeping controls and a business that still consumed $37.9 million of cash in fiscal 2026. Whether the rescue becomes a turnaround will be decided by operating cash flow alone. Not investment advice.
Rescue of June 2026
A private placement of $94.7 million net (June 1, 2026) and the full repayment of the term loans due August 5, 2026 for $57.8 million (June 4, 2026): the fiscal 2026 annual report records the going-concern doubt as removed, and the standing equity line was terminated on June 11, 2026.
Operational stabilization
Revenue up 2 percent to $279.6 million in fiscal 2026, secondary storage up 36.7 percent, fourth-quarter revenue up 27 percent to $78.0 million above the company's own guidance, the operating loss almost halved from $41.7 million to $24.5 million, adjusted EBITDA back positive at $1.0 million in Q4.
Price momentum
Up about 114 percent for the year, relative strength of 94, Weinstein Stage 2 (price data July 24, 2026; scanner data July 26, 2026) — but mind the anchor: over three years the stock is still down roughly 95 percent, and the reverse split makes long charts misleading.
Cash burn
An operating cash outflow of $37.9 million in fiscal 2026 against $23.6 million the year before — the wrong direction — with cash of only $15.6 million at March 31, 2026, which is why the insolvency radar counted about 1.7 quarters of runway before the June placement.
Balance sheet & dilution
Equity of minus $198.9 million, an accumulated deficit of $1.043 billion, current liabilities of $205.8 million against $112.5 million of current assets (coverage 0.55); the share count is 8.2 times higher than in March 2024, and 13,809,707 further shares were registered for resale on July 14, 2026.
Governance & controls
An adverse auditor opinion on internal control as of March 31, 2026, a material weakness management says "remains", the third non-reliance filing in eight years (2018, 2024, 2025) after a $1,000,000 SEC penalty in 2019, a pending securities class action — and a 40.03 percent holder represented on the board.
Worth Noting
QMCO came onto our desk as one of exactly two hits in our in-house scanner "Bankruptcy Study: The Sharpest Three-Signal Combination" (as of July 26, 2026, verified on both brands); the trio window runs out on August 8, 2026 unless a fresh signal renews it.
The fiscal year ends March 31 — "fiscal 2026" is April 2025 through March 2026, reported on June 25, 2026. Radar figures (cash $15.6 million, about 1.7 quarters of runway) refer to the March 31, 2026 balance sheet date; the private placement ($94.7 million net) and the loan repayment ($57.8 million) came after it.
Do not confuse this company with quantum computing: Quantum Corporation sells storage hardware and has nothing to do with quantum computers, although retail platforms regularly file quantum-computing headlines under the QMCO ticker.
Price, market value and short-interest figures use data as of July 15 and 24, 2026, checked against 39,374,500 shares from the cover page of the fiscal 2026 annual report; analyses are evergreen, and a daily price is never a buy argument.
Stock Watch
This analysis is as of August 26, 2026. Stock Watch will tell you what's changed at QMCO since then.
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Price history
Chart
Interactive price chart (TradingView).
52-week range: 4.30 $ to 26.10 $ · Last price: 24.90 $ (As of: September 17, 2026)
Key figures
Key figures at a glance
Every figure we hold for this stock, grouped by topic. The question mark next to a label explains what the number means.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 09/18/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Comparison
Industry comparison
The stock alongside the largest companies in the same group. The median row is the middle value of the companies shown above — not of the whole industry.
Industry: Computer Hardware
| Company | Market cap ($B) | P/E | EV/EBITDA | Gross Margin % | EBIT Margin % | Sales Growth (Year) % | Perf. 1Y % |
|---|---|---|---|---|---|---|---|
| Quantum Corporation QMCO | 0.8 | – | 236.9 | 37.8 | – | -12.1 | 198.7 |
| Dell Technologies Inc DELL | 365.2 | 44.0 | 20.2 | 19.9 | 8.9 | 18.8 | 357.2 |
| Sandisk Corp SNDK | 276.8 | 55.8 | 17.7 | 71.5 | 70.0 | 10.4 | 1,618.0 |
| Arista Networks ANET | 270.3 | 67.4 | 51.4 | 63.0 | 42.7 | 28.6 | 39.7 |
| Seagate Technology PLC STX | 182.0 | 56.2 | 43.1 | 45.6 | 43.1 | 34.1 | 274.0 |
| Western Digital Corporation WDC | 159.6 | 22.4 | 15.4 | 48.9 | 37.0 | 50.7 | 320.7 |
| Everpure, Inc. P | 34.6 | 162.4 | 72.5 | 69.7 | -18.5 | 15.6 | 21.2 |
| HP Inc HPQ | 31.6 | 13.2 | 8.8 | 19.7 | 7.1 | 3.2 | 30.6 |
| Super Micro Computer Inc SMCI | 27.8 | 20.0 | 9.6 | 10.8 | 6.1 | 47.0 | -10.1 |
| Median of companies shown | 159.6 | 49.9 | 20.2 | 45.6 | 22.9 | 18.8 | 198.7 |
Based on the most recently reported figures. Only stocks from the same trading venue are lined up, so the market caps are counted in one currency. Compare in a chart →
Fiscal years
Annual Figures
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Revenue, operating income and net income per fiscal year $M
Revenue Operating income Net income
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2017 | 493 | 7 | -2 | -1.41 | 9 | -116 | 225 |
| 2018 | 438 | -29 | -43 | -25.00 | -5 | -173 | 203 |
| 2019 | 403 | -5 | -43 | -24.07 | -17 | -200 | 173 |
| 2020 | 403 | 21 | -5 | -2.31 | -1 | -199 | 166 |
| 2021 | 350 | 8 | -35 | -15.95 | -1 | -112 | 195 |
| 2022 | 383 | -3 | 38 | 11.32 | -34 | -144 | 202 |
| 2023 | 422 | -17 | -18 | -4.03 | -5 | -84 | 214 |
| 2024 | 312 | -29 | -41 | -8.68 | -10 | -122 | 188 |
| 2025 | 274 | -42 | -115 | -22.35 | -24 | -164 | 155 |
| 2026 | 280 | -16 | -101 | -7.97 | -38 | -199 | 157 |
Quarters
Quarterly Figures
Each bar is one quarter, the last one is the most recent. Use the switch to step through the individual figures.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
None of the selected stocks reports this metric. Pick another metric or switch between annual and quarterly.
· Total · per year
These companies report in different currencies — switch on “Indexed” or pick a margin for a fair comparison.
The figures could not be loaded right now.
Source: fundamental data
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -4.88 | – | 69 | -4.50 | -109.60 | -3 | -4 |
| 2025: Q1 | -0.64 | – | 61 | -14.30 | -15.60 | -3 | -4 |
| 2025: Q2 | -1.18 | – | 64 | -9.90 | -26.80 | -17 | -18 |
| 2025: Q3 | -3.17 | – | 63 | -11.00 | -74.10 | -16 | -16 |
| 2025: Q4 | -1.90 | – | 75 | 8.60 | -37.30 | -5 | -4 |
| 2026: Q1 | -0.65 | – | 78 | 27.20 | -12.20 | 0 | -1 |
| 2026: Q2 | -7.06 | -498.30 | 81 | 25.70 | -192.20 | 1 | 1 |
What Do These Terms Mean?
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Screening
Appears in These Scanners
This stock currently matches 14 of our scanner strategies — each hit links to the scanner.
Breakout & Setup
Momentum & Trend
- 21-EMA Trend
- Above the 50- & 200-SMA
- High ADR (≥5%)
- Oliver Kell: Doublers
- Oliver Kell: Strength on Down Day
- Qullamaggie: Top Gainers 1M
- RS Leader (≥90)
- Richard Moglen: Top Performers 3/6 Month
- Stan Weinstein: Stage 2
Research
Risk & Weakness
Only genuine hits from verified scanners count; pure ranking metrics (P/E, P/S, and similar, which just sort the whole universe) don't count as a hit. Scanners marked in red are red-flag signals (risk/short scanners) — appearing there is not a seal of approval. View all scanners
Outlook
Analysts & Price Target
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Distribution of Recommendations
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 03/31/2027 | 0.47 | 0.43 – 0.50 | 333 | 117.3% | 2 |
| 03/31/2028 | 0.84 | 0.70 – 0.98 | 378 | 80.7% | 2 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Valuation
What is priced in?
Free cash flow over the past twelve months is negative, which rules out a serious reverse calculation. Any growth rate only makes a negative cash flow more negative; no present value comes out of it. What the price reflects here is therefore not a stream of cash flows, but the expectation that there will be one at all.
A simplified model calculation — not a forecast and not a recommendation.
AI classification
AI Rating
Quantum positioniert sein gesamtes Speicher-Portfolio als Dateninfrastruktur „für die KI-Ära“ und verbaut KI-Funktionen in verkauften Produkten (CatDV-Software mit „AI data enrichment“; zuvor der Myriad-Flash-Speicher ausdrücklich für KI-/ML-Anwendungen) — KI ist aber keine nachweisbare Umsatzquelle: Das Umsatzwachstum in Fiskaljahr 2026 kam laut MD&A aus Tape-/Backup-Sparten (Scalar, DXi, ActiveScale, +36,7 %), die KI-nahe Primärspeicher-Sparte fiel weiter (44,3 nach 58,1 Mio. USD, 16 % vom Umsatz), Myriad verschwand im jüngsten 10-K sogar aus dem Produktkatalog, und alle vier 10-Qs erwähnen KI mit keinem Wort — die „AI era“-Sprache ist überwiegend Markt-Rhetorik.
View the full file — quotes, sources, reviewed filings
„Quantum delivers end-to-end data management solutions designed for unstructured data in the artificial intelligence ("AI") era. From high-performance ingest that powers AI applications and demanding data-intensive workloads to massive, durable data lakes to fuel AI models, Quantum delivers one of the most comprehensive and cost-efficient solutions for the entire data lifecycle."
Quantum liefert End-to-End-Datenmanagement-Lösungen für unstrukturierte Daten in der Ära der künstlichen Intelligenz („KI“). Von der Hochleistungs-Datenaufnahme, die KI-Anwendungen und anspruchsvolle datenintensive Workloads antreibt, bis zu riesigen, langlebigen Data Lakes, die KI-Modelle speisen, bietet Quantum eine der umfassendsten und kosteneffizientesten Lösungen für den gesamten Daten-Lebenszyklus.
10-K · 2026-06-25 · View SEC filing
„CatDV Asset Management Software: For indexing, cataloging, AI data enrichment, and workflow orchestration, making data easily searchable and accessible so it can contribute to business insights."
CatDV Asset-Management-Software: für Indexierung, Katalogisierung, KI-Datenanreicherung und Workflow-Orchestrierung — macht Daten leicht durchsuchbar und zugänglich, damit sie zu Geschäftserkenntnissen beitragen können.
10-K · 2026-06-25 · View SEC filing
„Myriad All-Flash Software-Defined Storage: All-flash scale-out file and object storage for high performance enterprise unstructured data applications such as AI, machine learning, and data analytics."
Myriad All-Flash Software-Defined Storage: All-Flash-Scale-out-Datei- und Objektspeicher für Hochleistungs-Unternehmensanwendungen mit unstrukturierten Daten wie KI, maschinelles Lernen und Datenanalyse.
10-K · 2025-08-26 · View SEC filing
„The primary driver of this increase was strong demand across all secondary storage product lines including Scalar tape storage products, DXi backup appliances, and ActiveScale object storage appliances. [...] These increases were partially offset by continuing declines in primary storage."
Haupttreiber dieses Anstiegs war die starke Nachfrage über alle Sekundärspeicher-Produktlinien hinweg, einschließlich Scalar-Bandspeicher, DXi-Backup-Appliances und ActiveScale-Objektspeicher-Appliances. [...] Diese Zuwächse wurden teilweise durch anhaltende Rückgänge im Primärspeicher aufgezehrt.
10-K · 2026-06-25 · View SEC filing
Filings Reviewed: 10-Q 2026-02-17 · 10-Q 2025-11-13 · 10-Q 2025-09-11 · 10-Q 2025-02-12 · 10-K 2026-06-25 · 10-K 2025-08-26
Rated on July 8, 2026 · How the Rating Is Built
Growth
Growth Score
Ten checks against the annual reports — each one passed counts a point.
- Revenue grows by more than 15% a year over three years -12.8%
- More than 10% revenue growth is expected for the coming year 6.9%
- Share count grows by less than 3% a year 40.6%
- Revenue growth plus cash-flow margin add up to at least 40 ("Rule of 40") -12.1%
- Gross margin at 40% or higher and without meaningful erosion 36.9%
- Goodwill from acquisitions does not grow faster than revenue 8.3%
- Net debt below twice EBITDA failed
- Operating cash flow covers the profits of the last three years 186 m
- Return on capital at 15% or higher, or up versus two years ago no data
- Insiders hold at least 10% or are net buyers 37.1%
A criterion without figures counts neither as passed nor as failed; a score is only produced from 7 judgeable criteria upwards. Source: fundamental data. All ten criteria in detail
Quality check
AAQS
3/10The AAQS (AlleAktien Quality Score) checks 10 quality criteria on growth, profitability, and balance-sheet strength — per the methodology developed and published by AlleAktien, calculated by us from our own fundamental data. A stock counts as a quality stock from 9 out of 10 points. Where a company has a shorter listing history, we calculate over the fiscal years available (at least five).
- Sales growth 10Y > 5% -6.1%
- Exp. sales growth 3Y > 5% 16.3%
- EBIT growth 10Y > 5% –
- Exp. EBIT growth 3Y > 5% 16.3%
- Net debt < 4x EBIT –
- EBIT positive, 10Y straight 3
- Max. EBIT decline < 50% 100.0%
- Return on equity > 15% –
- ROCE > 15% –
- Expected return > 10% 10.3%
View stocks with the full AAQS score · Read the methodology at AlleAktien
Source: fundamental data
Insiders
Insider Transactions
Reportable transactions by officers and major shareholders from SEC Form 4 filings. "Other" includes things like stock grants and option exercises without a buy/sell character.
| Date | Person | Role | Type | Shares | Price | Value |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | Craythorne Anthony | Chief Revenue Officer | Sell | 1,478 | 10.73 | 15,856 |
The company
About the Company
Quantum Corporation bietet Produkte zum Speichern und Verwalten von digitalem Video und unstrukturierten Daten in Amerika, Europa, dem Nahen Osten, Afrika und dem asiatisch-pazifischen Raum an. Das Unternehmen bietet Myriad All-Flash File and Object Storage für Unternehmensanwendungen mit unstrukturierten Daten wie KI, Machine…
- Employees
- 490
- Headquarters
- Centennial, CO
- Address
- 10770 E Briarwood Avenue, 80112 Centennial, United States
- Phone
- (303) 792-9700
- Website
- quantum.com
- IPO Date
- 08/02/1999
- ISIN
- US7479066000
- Stock Split
- 1:20 on 08/27/2024
- Stock Split
- 1:8 on 04/19/2017
Management
| Name | Title | Birth Year |
|---|---|---|
| Hugues Meyrath | President, CEO & Director | 1970 |
| Kenneth P. Gianella | Advisor | 1973 |
| Anthony Craythorne | Chief Revenue Officer | 1970 |
| William H. White | Chief Financial Officer | 1982 |
| Bruno Hald | Vice President of Operations | – |
| Hiral A. Patel | Chief Accounting Officer & Principal Accounting Officer | 1988 |
| Marc Smith | Technical Director | – |
| Tara Ilges | General Counsel & Corporate Secretary | – |
| Doug Ingraham | Chief Product Officer | – |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Filings
Company Filings (8-K)
An 8-K is the filing a US company must use to disclose material events immediately — takeovers, changes at the top, major contracts or payment troubles, for instance. The links open the original document at the US Securities and Exchange Commission (SEC).
- 09/17/2026 QUANTUM CORP /DE/ (QMCO): Submission of Matters to a Vote of Security Holders SEC ↗
- 09/01/2026 QUANTUM CORP /DE/ (QMCO): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers; Other Events; Financial Statements and Exhibits SEC ↗
- 08/14/2026 QUANTUM CORP /DE/ (QMCO): Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers: Compensatory Arrangements of Certain Officers SEC ↗
- 08/10/2026 QUANTUM CORP /DE/ (QMCO): Results of Operations and Financial Condition; Financial Statements and Exhibits SEC ↗
Data as of: September 17, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.