secwatch.observer — SEC 8-K summary
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Issuer:     QUANTUM CORP /DE/ (QMCO)
CIK:        0000709283
Form:       8-K
Filed at:   2025-09-10T23:59:59+00:00
Accession:  0000709283-25-000038
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Quantum reports Q1 FY2026 revenue $64.3M, net loss $17.2M; guides Q2 revenue ~$61M
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- Revenue of $64.3M, down 11% YoY from $72.3M; GAAP net loss $17.2M ($1.87/share) vs $19.9M loss ($4.15) prior year.
- Non-GAAP adjusted net loss $14.5M ($1.58/share) vs $7.6M loss ($1.59) prior year; Adjusted EBITDA negative $6.5M vs negative $2.2M.
- Cash, equivalents $37.5M; term loan debt $104.3M; no revolver borrowings at quarter end (previously $26.6M).
- CEO Hugues Meyrath (appointed June) leading cost structure and balance sheet actions; new sales/marketing hires and two new board directors.
- Q2 FY2026 guidance: revenue ~$61M, adjusted EPS loss ($0.26), adjusted EBITDA approx breakeven.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/709283/000070928325000038/0000709283-25-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/709283/000070928325000038/qtm-20250910.htm
  HTML page:      https://secwatch.observer/filing/0000709283-25-000038

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer