0001628280-26-008558
SEC filingQuantum Corporation reported Q3 2026 results with total revenue of $74.6 million, generating gross profit of $28.9 million (gross margin of 38.7%). The company recorded an operating loss of $1.2 million and a net loss of $27.8 million, primarily driven by a $28.9 million loss on debt extinguishment and $7.6 million change in fair value of warrant liabilities. Cash flow from operations was negative $37.4 million, while financing activities provided $35.6 million in cash, resulting in a net decrease in cash of $2.8 million to $16.6 million. The balance sheet shows total assets of $149.3 million against total liabilities of $333.5 million, resulting in stockholders' deficit of $184.2 million. Key financial metrics include basic and diluted net loss per share of $2.00, weighted average shares outstanding of 13.7 million, and total comprehensive loss of $27.8 million.
Quantum Corporation reported Q3 2026 financial results with total revenue of $74.6 million and total cost of revenue of $45.7 million, resulting in gross profit of $28.9 million. Operating expenses totaled $30.1 million, comprising sales and marketing ($13.0M), general and administrative ($10.0M), research and development ($5.6M), and restructuring charges ($1.5M). This resulted in an operating loss of $1.2 million. Other significant items impacting the bottom line included interest expense of $5.9 million, change in fair value of warrant liabilities of -$7.6 million, change in fair value of Convertible Note of -$1.6 million, and a substantial loss on debt extinguishment of -$28.9 million. The company reported a net loss of $27.8 million, with basic and diluted net loss per share of $2.00 based on weighted average shares outstanding of 13.7 million.
The filing provides consolidated revenue figures without segment or geographic breakdown. Total revenue of $74.6 million represents the company's combined product and service revenue for the quarter. No further revenue segmentation, product category details, or geographic distribution is disclosed in the provided data. The absence of segment reporting suggests the company operates as a single reporting unit or has chosen not to disclose segment-level information in this quarterly filing.
The company achieved a gross margin of 38.7% ($28.9M gross profit on $74.6M revenue). Operating margin was negative 1.6% (-$1.2M operating loss on $74.6M revenue). The cost structure shows operating expenses representing 40.3% of revenue, with the largest components being sales and marketing (17.4% of revenue) and general and administrative (13.4% of revenue). Restructuring charges of $1.5 million contributed to the operating loss. The significant non-operating items, particularly the $28.9 million debt extinguishment loss, substantially impacted overall profitability, resulting in a net loss margin of 37.3%.
Operating activities used $37.4 million in cash, primarily due to the net loss of $27.8 million adjusted for non-cash items including depreciation and amortization ($2.7M), amortization of debt issuance costs ($5.8M), and warrants issued in connection with debt amendments ($25.4M). Investing activities used $0.9 million for property and equipment purchases. Financing activities provided $35.6 million, including borrowings of long-term debt ($45.0M), Convertible Note borrowing ($54.7M), and proceeds from shares issued ($72.0M), offset by various debt repayments. The balance sheet shows total assets of $149.3 million, with current assets of $103.6 million including cash ($13.2M), accounts receivable ($59.4M), and inventories ($17.6M). Total liabilities of $333.5 million include current liabilities of $203.2 million, Convertible Note of $75.9 million, and deferred revenue of $33.4 million, resulting in stockholders' deficit of $184.2 million.
The provided filing data does not include management guidance, forward-looking statements, or specific strategic priorities for future periods. No risk factors, business outlook, or projections are disclosed in the extracted financial data. The filing focuses on historical financial results for the quarter ended December 31, 2025, without commentary on future expectations or strategic initiatives.