earnings
confidence high
sentiment positive
materiality 0.75
Quantum Q3 FY25: Revenue $72.6M, Adj EBITDA $4.7M; Debt-Reduction Equity Facility
QUANTUM CORP /DE/
2025-Q3 EPS
reported -$21.90
vs consensus -$0.29
▼ miss
(-7568.1%)
- Revenue $72.6M (+1% YoY), GAAP gross margin 43.8% vs 40.6% YoY; subscription ARR up 29% to $21.3M.
- GAAP net loss $71.4M ($14.56/share) includes $61.6M non-cash warrant adjustment; adjusted net loss $4.0M ($0.81/share).
- Adjusted EBITDA $4.7M, a $5M sequential improvement from Q2 and positive for first time in several quarters.
- Debt: term loan $105.9M, revolver $37.5M; entered standby equity purchase agreement with Yorkville for up to ~1.15M shares to reduce debt.
- Q4 FY25 guidance: revenue $66M ±$2M, adjusted EBITDA ~$1.7M, non-GAAP loss per share ($1.16) ±$0.05.