Quantum Corporation (QMCO)
🔔 Watch stock
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We found at least one documented issue that threatens the company itself — regardless of how the stock is currently valued.
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.
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Quantum has been in the storage business for decades — and it is one of exactly two companies in our in-house scanner that set off all three signals of our bankruptcy study at once (as of July 26, 2026), while the stock is up around 114 percent for the year. We read the annual report filed June 25, 2026: a net loss of $101.0 million, loans at 14 percent, an auditor going-concern paragraph that a June 2026 emergency financing has since erased — paid for with eight times the share count. Not investment advice: we put a number on what the rescue cost, and on who paid the bill.
Read the analysis
Stock Watch
This analysis is as of July 26, 2026. Stock Watch will tell you what's changed at QMCO since then.
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Appears in These Scanners
This stock currently matches 12 of our scanner strategies — each hit links to the scanner.
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
Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 10.60 $ — 54% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
This stock currently pays no dividend.
Quality & Screener
AI Rating
Uses AIQuantum 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.
„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.
„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.
„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.
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
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.
Analysts & Price Target
The price target sits 55.7% above the current price.
- Consensus
- Hold
- Analyst Ratings
- 2
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.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 03/31/2027 | -0.08 | -0.16 – 0.01 | 313 | 97.2% | 2 |
| 03/31/2028 | 0.32 | 0.31 – 0.33 | 334 | 526.7% | 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.
Next Reporting Date
- Expected Earnings per Share
- -0.20 $
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
Click the chart or tab into it, then use ← and → to step through the periods.
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | -4.88 | – | 73 | 0.90 | -98.50 | -3 | -4 |
| 2025: Q1 | -0.64 | – | 60 | -16.50 | -15.60 | -3 | -4 |
| 2025: Q2 | -1.18 | – | 64 | -9.90 | -26.80 | -17 | -18 |
| 2025: Q3 | -3.17 | – | 63 | -11.00 | -74.10 | -16 | -16 |
| 2025: Q4 | -1.90 | – | 75 | 2.80 | -37.30 | -5 | -4 |
| 2026: Q1 | -0.65 | – | 78 | 30.70 | -12.20 | 0 | -1 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($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 |
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.
Assessment: Opportunities & Risks
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.
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.
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.
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.
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.
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.
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.
- 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.
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 | 2. Aug 1999 |
| ISIN | US7479066000 |
| Stock Split | 1:20 on 08/27/2024 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Hugues Meyrath | President, CEO & Director | 1970 |
| Geoff S. Barrall Ph.D. | Chief Product Officer | 1970 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 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.