---
schema_version: "secwatch.filing_event.v1"
accession: "0000709283-24-000016"
form_type: "8-K"
ticker: "QMCO"
cik: "0000709283"
company_name: "QUANTUM CORP /DE/"
filed_at: "2024-08-13T23:59:59+00:00"
generated_at: "2026-05-31T09:54:08.677195+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quantum Q1 revenue falls to $71.3M; net loss widens to $20.8M; Q2 revenue guidance ~$73M

## Summary
- Revenue $71.3M vs $92.5M YoY; gross margin 36.6% down from 38.5%.
- GAAP net loss $20.8M ($0.22 per share); non-GAAP net loss $8.4M ($0.09 per share).
- Adjusted EBITDA loss $3.1M vs positive $1.5M YoY; subscription ARR up 29% to $18.8M.
- Cash $17.5M; term loan debt $75.8M; revolver borrowings $35.8M.
- Q2 FY2025 guidance: revenue ~$73M, non-GAAP EPS loss ~$0.06, Adjusted EBITDA near breakeven.

## SEC filing metadata
- accession: 0000709283-24-000016
- form_type: 8-K
- ticker: QMCO
- cik: 0000709283
- company_name: QUANTUM CORP /DE/
- filed_at: 2024-08-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/709283/000070928324000016/0000709283-24-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709283/000070928324000016/qtm-20240813.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000709283-24-000016
- JSON: https://secwatch.observer/filing/0000709283-24-000016.json
- Plain text: https://secwatch.observer/filing/0000709283-24-000016.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.