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Quantum Corp. /DE/ (QMCO) Fundamental Analysis & AI Grade 2026

QMCO Nasdaq Computer Storage Devices DE CIK: 0000709283
Updated This Month • Analysis: Jul 27, 2026 • SEC Data: 2026-03-31
Combined AI Grade
D
94% Confidence
STRONG AGREEMENT
D
95% Conf
D
94% Conf

📊 QMCO Key Takeaways

Revenue: $279.6M
Net Margin: -36.1%
Free Cash Flow: $-39.6M
Current Ratio: 0.55x
Debt/Equity: N/A
EPS: $-7.97
AI Grade: D with 95% confidence
Quantum Corp. /DE/ (QMCO) receives a D fundamental grade with 94% confidence from our AI analysis based on SEC 10-K filings. With revenue of $279.6M, net profit margin of -36.1%, Quantum Corp. /DE/ demonstrates mixed fundamentals in the Technology sector. Below is our complete QMCO stock analysis for 2026.

Is Quantum Corp. /DE/ (QMCO) a Good Investment?

Claude

Quantum Corp is in severe financial distress with negative stockholders' equity of -198.9M (technical insolvency), persistent operating losses of -24.5M, and negative free cash flow of -39.6M. The company faces critical liquidity constraints with a 0.55x current ratio and cannot service its 90M debt load from operations, indicating substantial bankruptcy risk despite stable revenue.

ChatGPT

Quantum's modest 2.0% revenue growth is low quality because the company remains deeply unprofitable and generated negative operating and free cash flow. Negative equity, weak liquidity, substantial liabilities, and inadequate interest coverage indicate severe financial distress despite improved year-over-year net income and EPS.

Quantum Corp. /DE/ Key Strengths (QMCO)

Claude
  • + Positive gross margin of 36.9% indicates viable product economics
  • + Stable revenue base of 279.6M demonstrates market demand
  • + Low capital intensity with only 1.7M capex requirement
ChatGPT
  • + Revenue increased 2.0% year over year
  • + Gross margin remained meaningful at 36.9%
  • + Net income and diluted EPS improved year over year

QMCO Stock Risks: Quantum Corp. /DE/ Investment Risks

Claude
  • ! Negative stockholders' equity of -198.9M represents technical insolvency
  • ! Negative operating cash flow of -37.9M with ongoing cash burn unsustainable
  • ! Critical liquidity position (0.55x current ratio) threatens near-term solvency
  • ! Operating losses of -24.5M with negative interest coverage (-7.7x) prevent debt service
  • ! Liabilities of 355.7M exceed total assets of 156.9M by 226%
ChatGPT
  • ! Negative $198.86M stockholders equity and liabilities exceeding assets by a wide margin
  • ! Negative $39.56M free cash flow relative to only $15.57M of cash
  • ! Weak 0.55x current ratio and negative interest coverage indicate significant liquidity and debt-servicing risk

Key Metrics to Watch

Claude
  • * Operating cash flow recovery (currently -37.9M)
  • * Path to operating profitability (currently -24.5M)
  • * Stockholders' equity trend (currently -198.9M)
  • * Current ratio and liquidity position (currently 0.55x)
  • * Debt restructuring or refinancing activity
ChatGPT
  • * Operating cash flow and cash balance
  • * Operating margin and current ratio

Quantum Corp. /DE/ (QMCO) Financial Metrics & Key Ratios

Revenue
$279.6M
Net Income
$-101.0M
EPS (Diluted)
$-7.97
Free Cash Flow
$-39.6M
Total Assets
$156.9M
Cash Position
$15.6M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

QMCO Profit Margin, ROE & Profitability Analysis

Gross Margin 36.9%
Operating Margin -8.8%
Net Margin -36.1%
ROE N/A
ROA -64.4%
FCF Margin -14.2%

QMCO vs Technology Sector: How Quantum Corp. /DE/ Compares

How Quantum Corp. /DE/ compares to Technology sector averages

Net Margin
QMCO -36.1%
vs
Sector Avg 18.0%
QMCO Sector
ROE
QMCO 0.0%
vs
Sector Avg 22.0%
QMCO Sector
Current Ratio
QMCO 0.5x
vs
Sector Avg 2.5x
QMCO Sector
Debt/Equity
QMCO 0.0x
vs
Sector Avg 0.5x
QMCO Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Quantum Corp. /DE/ Stock Overvalued? QMCO Valuation Analysis 2026

Based on fundamental analysis, Quantum Corp. /DE/ has mixed fundamental signals relative to the Technology sector in 2026.

Return on Equity
N/A
Sector avg: 22%
Net Profit Margin
-36.1%
Sector avg: 18%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.5x

Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.

Quantum Corp. /DE/ Balance Sheet: QMCO Debt, Cash & Liquidity

Current Ratio
0.55x
Quick Ratio
0.47x
Debt/Equity
N/A
Debt/Assets
226.7%
Interest Coverage
-7.66x
Long-term Debt
$90.0M

QMCO Revenue & Earnings Growth: 5-Year Financial Trend

QMCO 5-year financial data: Year 2022: Revenue $402.9M, Net Income -$5.2M, EPS $-0.14. Year 2023: Revenue $412.8M, Net Income -$35.5M, EPS $-0.83. Year 2024: Revenue $422.1M, Net Income $38.4M, EPS $-0.32. Year 2025: Revenue $311.6M, Net Income -$41.3M, EPS $-8.68. Year 2026: Revenue $279.6M, Net Income -$115.1M, EPS $-22.35.
Revenue
Net Income
EPS (right axis)

5-Year Trend Summary: Quantum Corp. /DE/'s revenue has declined by 31% over the 5-year period, indicating business contraction. The most recent EPS of $-22.35 indicates the company is currently unprofitable.

QMCO Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
-14.2%
Free cash flow / Revenue

QMCO Quarterly Earnings & Performance

Quarterly financial performance data for Quantum Corp. /DE/ including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2027 $64.3M -$17.2M $-1.87
Q3 2026 $68.7M -$27.8M $-2.03
Q2 2026 $62.7M -$12.2M $-2.54
Q1 2026 $64.3M -$17.2M $-1.87
Q3 2025 $71.9M -$9.9M $-2.08
Q2 2025 $70.5M -$3.3M $-0.70
Q1 2025 $71.3M -$9.1M $-0.10
Q3 2024 $71.9M $113.0K $0.00

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Quantum Corp. /DE/ Dividends, Buybacks & Capital Allocation

Operating Cash Flow
-$37.9M
Cash generated from operations
Capital Expenditures
$1.7M
Investment in assets
Dividends
None
No dividend program

QMCO SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Quantum Corp. /DE/ (CIK: 0000709283)

📋 Recent SEC Filings

Date Form Document Action
Aug 14, 2026 8-K qtm-20260811.htm View →
Aug 11, 2026 10-Q qtm-20260630.htm View →
Aug 10, 2026 8-K qtm-20260810.htm View →
Aug 5, 2026 4 xslF345X06/wk-form4_1785960610.xml View →
Jul 29, 2026 DEF 14A ny20076817x1_def14a.htm View →

Frequently Asked Questions about QMCO

What is the AI rating for QMCO?

Quantum Corp. /DE/ (QMCO) has a Combined AI Grade of D from Claude (D) and ChatGPT (D) with 94% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are QMCO's key strengths?

Claude: Positive gross margin of 36.9% indicates viable product economics. Stable revenue base of 279.6M demonstrates market demand. ChatGPT: Revenue increased 2.0% year over year. Gross margin remained meaningful at 36.9%.

What are the risks of investing in QMCO?

Claude: Negative stockholders' equity of -198.9M represents technical insolvency. Negative operating cash flow of -37.9M with ongoing cash burn unsustainable. ChatGPT: Negative $198.86M stockholders equity and liabilities exceeding assets by a wide margin. Negative $39.56M free cash flow relative to only $15.57M of cash.

What is QMCO's revenue and growth?

Quantum Corp. /DE/ reported revenue of $279.6M.

Does QMCO pay dividends?

Quantum Corp. /DE/ does not currently pay dividends.

Where can I find QMCO SEC filings?

Official SEC filings for Quantum Corp. /DE/ (CIK: 0000709283) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.

What is QMCO's EPS?

Quantum Corp. /DE/ has a diluted EPS of $-7.97.

How is the AI analysis conducted?

Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined grade reflects both perspectives for balanced insights.

What is QMCO's fundamental grade?

Based on our AI fundamental analysis in August 2026, Quantum Corp. /DE/ has a D grade with 94% confidence. Review the strengths and risks sections above for full context. This is not investment advice.

Is QMCO stock overvalued or undervalued?

Valuation metrics for QMCO: ROE of N/A (sector avg: 22%), net margin of -36.1% (sector avg: 18%). Compare these metrics with sector averages to assess valuation.

What is QMCO's AI grade for 2026?

Our dual AI analysis gives Quantum Corp. /DE/ a combined D grade for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.

What is QMCO's free cash flow?

Quantum Corp. /DE/'s operating cash flow is $-37.9M, with capital expenditures of $1.7M. FCF margin is -14.2%.

How does QMCO compare to other Technology stocks?

Vs Technology sector averages: Net margin -36.1% (avg: 18%), ROE N/A (avg: 22%), current ratio 0.55 (avg: 2.5).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: Jul 27, 2026 | Data as of: 2026-03-31 | Powered by Claude AI