---
schema_version: "secwatch.filing_event.v1"
accession: "0000709283-25-000002"
form_type: "8-K"
ticker: "QMCO"
cik: "0000709283"
company_name: "QUANTUM CORP /DE/"
filed_at: "2025-02-12T23:59:59+00:00"
generated_at: "2026-05-26T23:06:50.044630+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Quantum Q3 FY25: Revenue $72.6M, Adj EBITDA $4.7M; Debt-Reduction Equity Facility

## Summary
- 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.

## SEC filing metadata
- accession: 0000709283-25-000002
- form_type: 8-K
- ticker: QMCO
- cik: 0000709283
- company_name: QUANTUM CORP /DE/
- filed_at: 2025-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/709283/000070928325000002/0000709283-25-000002-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709283/000070928325000002/qtm-20250212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000709283-25-000002
- JSON: https://secwatch.observer/filing/0000709283-25-000002.json
- Plain text: https://secwatch.observer/filing/0000709283-25-000002.txt

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