---
schema_version: "secwatch.filing_event.v1"
accession: "0000709283-25-000007"
form_type: "8-K"
ticker: "QMCO"
cik: "0000709283"
company_name: "QUANTUM CORP /DE/"
filed_at: "2025-04-17T23:59:59+00:00"
generated_at: "2026-05-23T12:39:26.965506+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Quantum files restated financials; auditor flags going concern doubt over debt covenants

## Summary
- 1-for-20 reverse stock split effective Aug 26, 2024; all share and per-share amounts retroactively adjusted.
- Auditor's going concern opinion: company was in default of debt covenants at Mar 31, 2024, waivered through July 2024, but violation expected at next test.
- FY2024 net loss $41.3M ($8.68 loss per share) vs FY2023 net loss $18.4M ($5.64 loss per diluted share).
- FY2024 revenue $311.6M, down 26% from $422.1M in FY2023; product revenue fell to $174.9M from $274.9M.
- FY2023 and FY2022 financials restated to correct misstatements; total liabilities at Mar 31, 2024: $309.1M with negative equity of $121.5M.

## SEC filing metadata
- accession: 0000709283-25-000007
- form_type: 8-K
- ticker: QMCO
- cik: 0000709283
- company_name: QUANTUM CORP /DE/
- filed_at: 2025-04-17T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/709283/000070928325000007/0000709283-25-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/709283/000070928325000007/qtm-20250416.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000709283-25-000007
- JSON: https://secwatch.observer/filing/0000709283-25-000007.json
- Plain text: https://secwatch.observer/filing/0000709283-25-000007.txt

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