Tearsheet

Quantum (QMCO)


Market Price (4/23/2026): $7.17 | Market Cap: $98.2 Mil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Quantum (QMCO)


Market Price (4/23/2026): $7.17
Market Cap: $98.2 Mil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Detailed financial logic regarding cash flow yields vs trend-riding momentum.

0

Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27%

Megatrend and thematic drivers
Megatrends include Artificial Intelligence, E-commerce Logistics & Data Centers, and Digital Content & Streaming. Themes include Data Centers & Infrastructure, Show more.

Weak multi-year price returns
2Y Excs Rtn is -55%, 3Y Excs Rtn is -136%

Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%

Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -25 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -9.6%

Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 126%

Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%

Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -16%

Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -105%

High stock price volatility
Vol 12M is 100%

Key risks
QMCO key risks include [1] profound financial instability, Show more.

0 Valuation becoming less expensive
P/S 6M Chg %Price/Sales change over 6 months. Declining P/S indicates valuation has become less expensive. is -27%
1 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, E-commerce Logistics & Data Centers, and Digital Content & Streaming. Themes include Data Centers & Infrastructure, Show more.
2 Weak multi-year price returns
2Y Excs Rtn is -55%, 3Y Excs Rtn is -136%
3 Meaningful short interest
Short Interest % of Basic SharesShort Interest % of Basic Shares = (Short Interest Quantity) / (Basic Shares Outstanding). A high fraction of short interest can indicate potential risk of a short squeeze. is 13%
4 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -25 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -9.6%
5 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 126%
6 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -7.5%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -14%
7 Not cash flow generative
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is -15%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is -16%
8 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -105%
9 High stock price volatility
Vol 12M is 100%
10 Key risks
QMCO key risks include [1] profound financial instability, Show more.

Valuation, Metrics & Events

Price Chart

Why The Stock Moved

Qualitative Assessment

AI Analysis | Feedback

Quantum (QMCO) stock has gained about 10% since 12/31/2025 because of the following key factors:

1. Quantum Corporation reported stronger-than-expected fiscal third-quarter 2026 financial results, which concluded on December 31, 2025.

The company exceeded analyst revenue estimates by reporting $74.6 million, surpassing expectations of $71.4 million. Additionally, Quantum reported an adjusted EPS of -$0.36, outperforming the consensus estimate of -$0.45. This positive earnings surprise was accompanied by an improved adjusted EBITDA of $2.9 million, a significant increase from $0.5 million in the prior fiscal quarter. The company also highlighted a strong backlog exceeding $20 million, considerably above its historical run rate of $8 million to $10 million.

2. The company benefited from positive analyst coverage and favorable price target revisions.

On March 25, 2026, Lake Street initiated coverage on Quantum with a "Buy" rating and set a price target of $8.00. This new positive rating followed Northland Capital Markets' upgrade on November 14, 2025, from "Market Perform" to "Outperform," maintaining a price target of $13.00. The overall analyst consensus for QMCO indicates a "Strong Buy" rating with a median price target of $10.50, suggesting a potential upside of 63.6% from a recent trading price of $6.42.

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Stock Movement Drivers

Fundamental Drivers

The 11.3% change in QMCO stock from 12/31/2025 to 4/22/2026 was primarily driven by a 11.8% change in the company's P/S Multiple.
(LTM values as of)123120254222026Change
Stock Price ($)6.457.1811.3%
Change Contribution By: 
Total Revenues ($ Mil)2572632.3%
P/S Multiple0.30.411.8%
Shares Outstanding (Mil)1314-2.7%
Cumulative Contribution11.3%

LTM = Last Twelve Months as of date shown

Market Drivers

12/31/2025 to 4/22/2026
ReturnCorrelation
QMCO11.3% 
Market (SPY)-5.4%62.3%
Sector (XLK)9.8%63.7%

Fundamental Drivers

The -27.6% change in QMCO stock from 9/30/2025 to 4/22/2026 was primarily driven by a -32.9% change in the company's Shares Outstanding (Mil).
(LTM values as of)93020254222026Change
Stock Price ($)9.927.18-27.6%
Change Contribution By: 
Total Revenues ($ Mil)266263-1.2%
P/S Multiple0.30.49.2%
Shares Outstanding (Mil)914-32.9%
Cumulative Contribution-27.6%

LTM = Last Twelve Months as of date shown

Market Drivers

9/30/2025 to 4/22/2026
ReturnCorrelation
QMCO-27.6% 
Market (SPY)-2.9%51.8%
Sector (XLK)12.3%55.4%

Fundamental Drivers

The -50.1% change in QMCO stock from 3/31/2025 to 4/22/2026 was primarily driven by a -64.2% change in the company's Shares Outstanding (Mil).
(LTM values as of)33120254222026Change
Stock Price ($)14.387.18-50.1%
Change Contribution By: 
Total Revenues ($ Mil)284263-7.5%
P/S Multiple0.20.450.7%
Shares Outstanding (Mil)514-64.2%
Cumulative Contribution-50.1%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2025 to 4/22/2026
ReturnCorrelation
QMCO-50.1% 
Market (SPY)16.3%41.3%
Sector (XLK)53.8%45.7%

Fundamental Drivers

The -68.8% change in QMCO stock from 3/31/2023 to 4/22/2026 was primarily driven by a -66.1% change in the company's Shares Outstanding (Mil).
(LTM values as of)33120234222026Change
Stock Price ($)23.007.18-68.8%
Change Contribution By: 
Total Revenues ($ Mil)417263-37.0%
P/S Multiple0.30.446.2%
Shares Outstanding (Mil)514-66.1%
Cumulative Contribution-68.8%

LTM = Last Twelve Months as of date shown

Market Drivers

3/31/2023 to 4/22/2026
ReturnCorrelation
QMCO-68.8% 
Market (SPY)63.3%12.9%
Sector (XLK)113.5%14.2%

Return vs. Risk

Price Returns Compared

 202120222023202420252026Total [1]
Returns
QMCO Return-10%-80%-68%672%-88%8%-94%
Peers Return38%-12%42%46%14%17%233%
S&P 500 Return27%-19%24%23%16%3%88%

Monthly Win Rates [3]
QMCO Win Rate50%25%33%58%25%25% 
Peers Win Rate65%42%58%60%55%65% 
S&P 500 Win Rate75%42%67%75%67%50% 

Max Drawdowns [4]
QMCO Max Drawdown-19%-81%-78%-64%-88%-33% 
Peers Max Drawdown-9%-27%-10%-5%-31%-16% 
S&P 500 Max Drawdown-1%-25%-1%-2%-15%-7% 


[1] Cumulative total returns since the beginning of 2021
[2] Peers: NTAP, PSTG, DELL, HPE, IBM.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2026 data is for the year up to 4/22/2026 (YTD)

How Low Can It Go

Unique KeyEventQMCOS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-97.4%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven3788.9%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days
2020 Covid Pandemic2020 Covid Pandemic  
2020 Covid Pandemic% Loss% Loss-82.3%-33.9%
2020 Covid Pandemic% Gain to Breakeven% Gain to Breakeven464.2%51.3%
2020 Covid PandemicTime to BreakevenTime to Breakeven327 days148 days
2018 Correction2018 Correction  
2018 Correction% Loss% Loss-86.5%-19.8%
2018 Correction% Gain to Breakeven% Gain to Breakeven641.3%24.7%
2018 CorrectionTime to BreakevenTime to Breakeven807 days120 days
2008 Global Financial Crisis2008 Global Financial Crisis  
2008 Global Financial Crisis% Loss% Loss-97.3%-56.8%
2008 Global Financial Crisis% Gain to Breakeven% Gain to Breakeven3672.7%131.3%
2008 Global Financial CrisisTime to BreakevenTime to Breakeven775 days1,480 days

Compare to NTAP, PSTG, DELL, HPE, IBM

In The Past

Quantum's stock fell -97.4% during the 2022 Inflation Shock from a high on 3/17/2021. A -97.4% loss requires a 3788.9% gain to breakeven.

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About Quantum (QMCO)

Quantum Corporation provides products for storing and managing digital video and unstructured data in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company offers StorNext software systems that enable high-speed ingest, editing, processing, and management of digital video and image datasets; and Scalar tape systems that provide long-term data storage facility to archive and preserve digital content for decades. It also provides DXi backup systems for backup storage and multi-site disaster recovery; surveillance and physical security storage systems, including video recording servers, as well as hyperconverged storage systems for video surveillance management and recording; and appliances designed for video surveillance analytics and to run various types of access control systems. In addition, the company offers in-vehicle storage systems, which are removable storage systems for in-vehicle data capture, mobile surveillance, and military applications; managed services, implementation and training services, and support services; and object storage systems for online content repositories, such as media archives, genome sequencing data repositories, and big data lakes. Further, it sells linear tape-open (LTO) tape cartridges, as well as standalone LTO tape drives for small business and desktop use. The company sells its products through a network of distributors, value-added resellers, direct marketing resellers, original equipment manufacturers, and other suppliers, as well as directly to corporate entities and government agencies. Quantum Corporation was founded in 1980 and is headquartered in San Jose, California.

AI Analysis | Feedback

Quantum is like a specialized Dell EMC or NetApp, but laser-focused on providing storage and management systems for massive video, media, and long-term data archives.

Think of them as the on-premise equivalent of AWS S3 Glacier, but for managing and archiving all types of large unstructured data, from active video production to decades of historical records.

AI Analysis | Feedback

  • StorNext Software Systems: Software enabling high-speed ingest, editing, processing, and management of digital video and image datasets.
  • Scalar Tape Systems: Long-term data storage facilities designed to archive and preserve digital content.
  • DXi Backup Systems: Storage solutions specifically for backup and multi-site disaster recovery purposes.
  • Surveillance and Physical Security Storage Systems: Includes video recording servers and hyperconverged systems for video surveillance management.
  • Appliances for Analytics and Access Control: Dedicated appliances for video surveillance analytics and running various access control systems.
  • In-Vehicle Storage Systems: Removable storage designed for in-vehicle data capture, mobile surveillance, and military applications.
  • Object Storage Systems: Online content repositories for media archives, genome sequencing data, and big data lakes.
  • LTO Tape Products: Offers linear tape-open (LTO) tape cartridges and standalone LTO tape drives.
  • Professional Services: Provides managed services, implementation, training, and support services.

AI Analysis | Feedback

Quantum Corporation (QMCO) sells primarily to other companies and government agencies. The provided background information does not list specific names of major customer companies or their public symbols. However, it describes the types of entities that purchase its products and through which channels it sells.

Based on the description, Quantum's major customers and customer categories include:

  • Corporate Entities: Businesses across various sectors requiring solutions for digital video and unstructured data storage, management, backup, disaster recovery, and specialized applications. These often include companies in media and entertainment, life sciences, surveillance, and general enterprise IT for needs such as media archives, genome sequencing data repositories, and big data lakes.
  • Government Agencies: Public sector organizations, including those involved in military, law enforcement, and other government operations that utilize surveillance, secure data storage, and in-vehicle data capture systems.
  • Channel Partners: A network of businesses that integrate or resell Quantum's products and services to their own end-customers. These include:
    • Distributors
    • Value-Added Resellers (VARs)
    • Direct Marketing Resellers (DMRs)
    • Original Equipment Manufacturers (OEMs)

AI Analysis | Feedback

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  • Fujifilm Holdings Corporation (FUJIY)
  • Sony Group Corporation (SONY)
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Hugues Meyrath, Chief Executive Officer

Hugues Meyrath was appointed Chief Executive Officer of Quantum Corporation effective June 2, 2025. He is a storage industry veteran with over 30 years of experience, having a multifaceted relationship with Quantum as a supplier, employee, competitor, and independent member of the Board of Directors. Meyrath previously held executive roles at Juniper Networks, Brocade Communications, SBS, and Quantum earlier in his career. From 2014 to 2017, he served as Vice President at Dell Technologies Capital, focusing on venture funding, mergers and acquisitions, and advisory roles for portfolio companies. Most recently, he served as Chief Product Officer of ServiceChannel, which was acquired by Fortive in 2021. He also served on Quantum's Board of Directors since September 2022 and has advised startup companies.

William H. White, Chief Financial Officer

William H. White was appointed Chief Financial Officer and Principal Financial Officer of Quantum Corporation, effective February 2, 2026. He brings over two decades of experience transforming technology companies through financial leadership and strategic capital allocation. Most recently, White served as CFO and Head of Revenue Operations at Emotive, a venture-backed SaaS company, where he led a three-year financial and operational turnaround that improved EBITDA and culminated in a successful strategic exit. This indicates experience with a venture-backed company and a successful sale. Earlier in his career, he was Managing Partner at Goldblum Lentz & Co., an investment banking firm, advising on numerous mergers, acquisitions, and capital raises for technology companies, including raising approximately $1 billion in enterprise valuations from leading VC and private equity firms. He also held roles as Fractional CFO and Strategic Finance Consultant at VUCA Strategies, Head of Revenue at Human AI Labs Inc., and Director of Corporate Development & Finance at Affordify Inc.

Tony Craythorne, Chief Revenue Officer

Tony Craythorne is the Chief Revenue Officer at Quantum, responsible for leading global sales and marketing efforts to drive revenue growth and market expansion. He has over 25 years of executive experience across the U.S., Europe, and Asia, with a proven track record of building high-performing teams and scaling revenue growth for technology companies. Before joining Quantum, he served as a contract CRO, assisting startups and growth-stage companies in SaaS, cybersecurity, and data storage with refining their go-to-market strategies. His past leadership roles include Chief Revenue Officer at Index Engines and Zadara, CEO of Bamboo Systems, and Senior Vice President of Worldwide Sales at Komprise, as well as executive positions at Brocade, Hitachi Data Systems, and Nexsan.

Geoff Barrall, Chief Product Officer

Dr. Geoff Barrall serves as Quantum's Chief Product Officer, leading the company's product strategy, innovation, and engineering direction. He is a recognized leader in enterprise storage and data management with a history of building and scaling breakthrough technologies. Barrall most recently served as Chief Product Officer at Index Engines and previously held the role of Chief Technology Officer at Hitachi Vantara. Earlier in his career, he founded several storage technology companies, including BlueArc Corporation (which was acquired by Hitachi), Drobo, and Connected Data.

Robert N. Buergisser, Vice President, Services and Support

Robert N. Buergisser is the Vice President of Global Services at Quantum Corporation, bringing over 20 years of experience in leading teams across all areas of the services business. Prior to his tenure at Quantum, he held senior roles at Brocade Communications and Broadcom, where he managed various functions including Service Operations, SE Operations, Partner Programs, Services Product Management, Education, Professional Services, and Technical Publications. He and his team contributed to driving operational excellence, earning multiple industry awards, including J.D. Power certification for technical support.

AI Analysis | Feedback

Here are the key risks to Quantum Corporation's business:

  1. Financial Instability and High Debt Load

    Quantum Corporation faces significant financial instability, characterized by a stressed balance sheet and a heavy debt load, which is identified as the most pressing near-term risk. As of the second fiscal quarter of 2026, the company's total outstanding term debt stood at approximately $106.1 million, with net debt around $90.8 million. The company has reported negative shareholder equity and consistently negative Price-to-Earnings (P/E) ratios, signaling ongoing losses. Furthermore, Quantum's operating cash flow has been negative, and its current ratio of 0.40 indicates potential challenges in meeting short-term obligations. An Altman Z-Score of -12.32 suggests a high risk of bankruptcy. The company also expects to violate net leverage ratio financial covenants for the quarter ended December 31, 2025, which could make its Term Loan immediately due.

  2. Accounting Issues, Leadership Instability, and Legal Challenges

    Quantum has been under scrutiny for significant accounting irregularities, leading to delayed filings of its Annual Report on Form 10-K for the fiscal year ended March 31, 2025, and restatements of past financial results due to issues with revenue recognition practices. This has been compounded by leadership instability, including the abrupt resignations of both the CEO and CFO in August 2025. These issues have resulted in multiple class-action lawsuits alleging securities fraud due to financial misstatements, which can further erode investor trust and lead to potential financial penalties.

  3. Declining Revenue from Legacy Business and Execution Risk in Strategic Pivot

    The company is experiencing a shrinking top line, with a 12.0% year-over-year revenue decline for fiscal year 2025 and an 11.1% decline in Q1 FY2026, partly due to the loss of a hyperscaler customer and reduced tape media and royalty business. While Quantum is attempting a strategic pivot towards solutions for artificial intelligence (AI) and unstructured data, reversing the structural decline of its legacy storage business is proving to be a significant challenge. There is a high execution risk associated with this transition; if new product launches or upgrades do not meet expectations, the company's turnaround efforts could falter. Additionally, Quantum faces intense competitive pressure from larger storage players who may undercut prices, and supply chain issues have caused longer lead times for certain high-speed systems.

AI Analysis | Feedback

The increasing adoption of cloud-based storage, backup, and media processing services by hyperscale cloud providers poses a significant emerging threat to Quantum's traditional on-premise and hybrid storage solutions for data management, archival, and digital media workflows.

AI Analysis | Feedback

The addressable markets for Quantum Corporation's main products and services are substantial and span several key areas of data management and storage globally. * **Digital Video and Image Data Management (StorNext software systems):** The global Video Management Software (VMS) market, which encompasses solutions for managing digital video and image datasets, was valued at USD 17.34 billion in 2024. This market is projected to grow significantly, reaching USD 86.83 billion by 2033, at a Compound Annual Growth Rate (CAGR) of 19.6% from 2026 to 2033. * **Tape Systems and LTO Tape (Scalar tape systems and LTO tape cartridges/drives):** The global LTO Tape Drive market reached USD 1.18 billion in 2024 and is expected to grow to USD 2.03 billion by 2033, at a CAGR of 6.2% from 2025 to 2033. More broadly, the global tape storage market is projected to be valued at approximately US$ 5.7 billion in 2026 and is expected to reach US$ 9.6 billion by 2033, growing at a CAGR of 7.6% between 2026 and 2033. * **Backup and Disaster Recovery (DXi backup systems):** The global Data Backup and Recovery Software market was valued at USD 8.10 billion in 2025 and is projected to reach USD 20.63 billion by 2035, exhibiting a CAGR of 9.8%. Separately, the global disaster recovery solutions market was valued at USD 9.59 billion in 2023 and is projected to reach USD 81.15 billion by 2030, growing at a substantial CAGR of 36.3% from 2024 to 2030. * **Surveillance and Physical Security Storage Systems:** The global video surveillance storage market size was estimated at USD 14.14 billion in 2024 and is projected to reach USD 27.83 billion by 2030, with a CAGR of 12.2% from 2025 to 2030. * **In-Vehicle Storage Systems:** The global Vehicle Storage Unit market, which includes storage for data capture and mobile surveillance in vehicles, was valued at US$ 13.64 billion in 2023 and is projected to reach US$ 22.85 billion by 2032, demonstrating a CAGR of 5.89% during the forecast period from 2024 to 2032. * **Object Storage Systems:** The global object-based storage market was valued at USD 7.60 billion in 2024 and is predicted to grow to USD 23.76 billion by 2033, at a CAGR of 13.5% during the forecast period from 2025 to 2033. * **Enterprise Information Archiving (related to tape and software solutions):** The global enterprise information archiving market was valued at USD 10.74 billion in 2024 and is projected to reach USD 33.57 billion by 2033, growing at a CAGR of 13.5% from 2024 to 2033.

AI Analysis | Feedback

Quantum (QMCO) is expected to drive future revenue growth over the next 2-3 years through several key initiatives and market trends:

  1. Strategic Focus on AI and High-Performance Computing (HPC) Workloads: Quantum is making a significant pivot to specialize in storage for massive video, sensor, and image files that fuel artificial intelligence (AI) and high-performance computing (HPC) models. This strategic shift to managing unstructured data for the AI era is considered the core growth story, with products like Myriad and ActiveScale specifically addressing these demanding workloads.
  2. Growth in Subscription Annual Recurring Revenue (ARR) through a Subscription-Based Model: The company is actively transforming its business towards a subscription-based model. This is evidenced by the substantial year-over-year growth in its Subscription Annual Recurring Revenue (ARR), which increased by 29% in the third quarter of fiscal year 2025. This shift aims to enhance profitability and cash flow stability.
  3. Enhanced Sales Organization and Operational Efficiency Improvements: Improvements within the sales team and broader restructuring efforts are contributing to the company's operational effectiveness and recent revenue growth. These initiatives are designed to accelerate the growth of profitable revenue streams and improve overall execution.
  4. Increased Demand for Tape Storage Solutions: Quantum has observed a surge in demand for its Scalar tape libraries, with tape sales doubling quarter-over-quarter in Q3 2026. This is attributed to customers pivoting towards architectures that reduce dependence on constrained components and provide predictable economics for managing warm and cold data, highlighting a continued relevance and growth in certain segments of its traditional offerings.

AI Analysis | Feedback

Share Issuance

  • Quantum is registering up to 18,207,453 shares of common stock for potential resale by Dialectic Technology SPV LLC, which may be issued upon conversion of $54,718,114 in 10.00% PIK Senior Secured Convertible Notes due 2028.
  • The company executed a 1-for-20 reverse stock split on August 27, 2024, reducing the total number of outstanding shares while proportionally increasing the share price.
  • Subsequent to December 31, 2025, the 2021 Inducement Plan was amended to increase the number of shares reserved for issuance by 125,000.

Inbound Investments

  • In December 2025, shareholders approved the issuance of senior secured convertible notes to Dialectic Technology SPV LLC in exchange for approximately $55 million of term debt, aiming to strengthen the balance sheet and provide financial flexibility.
  • This transaction contributed to the company having eliminated $140 million in total debt from its balance sheet since its peak in 2020.

Capital Expenditures

  • Capital expenditures in the fiscal third quarter of 2026 (ended December 31, 2025) totaled $0.681 million.
  • Purchases of property, plant, and equipment amounted to $681,000 in Q3 2026.

Better Bets vs. Quantum (QMCO)

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Recent Active Movers

Peer Comparisons

Peers to compare with:

Financials

QMCONTAPPSTGDELLHPEIBMMedian
NameQuantum NetApp Everpure Dell Tec.Hewlett .Internat. 
Mkt Price7.18111.02-214.6528.51251.86111.02
Mkt Cap0.122.022.4141.738.0235.930.2
Rev LTM2636,7093,663113,53835,74367,53621,226
Op Inc LTM-251,5581158,2511,71712,4921,638
FCF LTM-431,6096168,5522,15411,4551,882
FCF 3Y Avg-241,3445425,4472,14411,7791,744
CFO LTM-411,79288011,1854,48713,1933,140
CFO 3Y Avg-191,5147708,1274,56513,5233,040

Growth & Margins

QMCONTAPPSTGDELLHPEIBMMedian
NameQuantum NetApp Everpure Dell Tec.Hewlett .Internat. 
Rev Chg LTM-7.5%3.1%15.6%18.8%14.5%7.6%11.0%
Rev Chg 3Y Avg-14.1%1.3%10.1%4.4%7.1%3.8%4.1%
Rev Chg Q8.6%4.4%20.4%39.5%18.4%12.2%15.3%
QoQ Delta Rev Chg LTM2.3%1.1%5.1%9.1%4.2%3.3%3.7%
Op Inc Chg LTM38.3%11.4%13.5%29.2%-29.0%24.0%18.7%
Op Inc Chg 3Y Avg-92.8%11.1%11.3%13.2%-8.9%15.4%11.2%
Op Mgn LTM-9.6%23.2%3.1%7.3%4.8%18.5%6.0%
Op Mgn 3Y Avg-9.7%21.5%3.1%6.9%6.9%16.6%6.9%
QoQ Delta Op Mgn LTM2.8%0.6%1.1%0.2%0.0%0.8%0.7%
CFO/Rev LTM-15.5%26.7%24.0%9.9%12.6%19.5%16.0%
CFO/Rev 3Y Avg-6.9%23.3%23.9%8.1%14.7%21.2%17.9%
FCF/Rev LTM-16.3%24.0%16.8%7.5%6.0%17.0%12.2%
FCF/Rev 3Y Avg-8.4%20.7%16.8%5.4%6.9%18.4%11.9%

Valuation

QMCONTAPPSTGDELLHPEIBMMedian
NameQuantum NetApp Everpure Dell Tec.Hewlett .Internat. 
Mkt Cap0.122.022.4141.738.0235.930.2
P/S0.43.36.11.21.13.52.3
P/Op Inc-3.914.1195.117.222.218.918.0
P/EBIT-1.413.998.416.022.219.217.6
P/E-1.018.1119.123.9-322.322.320.2
P/CFO-2.412.325.512.78.517.912.5
Total Yield-101.0%7.4%0.8%5.2%1.5%7.1%3.4%
Dividend Yield0.0%1.9%0.0%1.0%1.8%2.7%1.4%
FCF Yield 3Y Avg-31.1%6.4%3.2%7.8%8.2%6.0%6.2%
D/E1.40.10.00.20.60.30.2
Net D/E1.3-0.0-0.10.10.40.20.2

Returns

QMCONTAPPSTGDELLHPEIBMMedian
NameQuantum NetApp Everpure Dell Tec.Hewlett .Internat. 
1M Rtn36.5%10.2%5.2%30.4%27.7%1.4%18.9%
3M Rtn-0.1%14.9%-5.5%89.5%36.5%-14.9%7.4%
6M Rtn-23.0%-4.0%-23.7%43.6%25.0%-11.4%-7.7%
12M Rtn-27.6%37.3%68.0%158.4%92.9%7.1%52.6%
3Y Rtn-63.2%86.9%191.2%428.1%114.0%122.0%118.0%
1M Excs Rtn28.0%1.7%-3.3%22.0%19.3%-7.1%10.5%
3M Excs Rtn-4.0%11.1%-9.3%85.7%32.7%-18.7%3.6%
6M Excs Rtn-36.6%-10.3%-31.5%40.3%20.2%-16.2%-13.3%
12M Excs Rtn-65.4%0.2%30.2%127.0%58.9%-29.1%15.2%
3Y Excs Rtn-135.7%2.6%89.1%346.3%23.3%46.5%34.9%

Comparison Analyses

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Financials

Segment Financials

Revenue by Segment
$ Mil20252024202320222021
Product revenue175275224  
Service and subscription127134134125131
Royalty1014151521
Device and media   5162
Primary storage systems   7077
Secondary storage systems   89112
Total312422373350403


Price Behavior

Price Behavior
Market Price$7.18 
Market Cap ($ Bil)0.1 
First Trading Date12/29/2006 
Distance from 52W High-48.6% 
   50 Days200 Days
DMA Price$5.69$7.71
DMA Trenddowndown
Distance from DMA26.2%-6.8%
 3M1YR
Volatility93.2%100.6%
Downside Capture0.821.91
Upside Capture300.08256.71
Correlation (SPY)52.2%37.4%
QMCO Betas & Captures as of 3/31/2026

 1M2M3M6M1Y3Y
Beta4.054.614.253.602.201.67
Up Beta7.5410.057.083.211.421.32
Down Beta4.325.274.264.872.09-0.00
Up Capture615%426%457%314%487%2093%
Bmk +ve Days7162765139424
Stock +ve Days10192755110337
Down Capture255%281%286%241%175%113%
Bmk -ve Days12233358110323
Stock -ve Days12233671140405

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with QMCO
QMCO-24.9%100.6%0.15-
Sector ETF (XLK)69.4%20.7%2.4443.7%
Equity (SPY)26.7%12.5%1.7739.1%
Gold (GLD)38.9%27.4%1.1913.3%
Commodities (DBC)23.5%16.2%1.327.0%
Real Estate (VNQ)15.6%13.6%0.8214.1%
Bitcoin (BTCUSD)-12.8%42.6%-0.2138.1%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with QMCO
QMCO-46.1%157.7%0.20-
Sector ETF (XLK)18.0%24.7%0.6517.6%
Equity (SPY)10.5%17.1%0.4817.2%
Gold (GLD)21.5%17.8%0.991.9%
Commodities (DBC)10.7%18.8%0.472.2%
Real Estate (VNQ)3.6%18.8%0.0911.8%
Bitcoin (BTCUSD)3.8%56.4%0.2910.9%

Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
Annualized
Return
Annualized
Volatility
Sharpe
Ratio
Correlation
with QMCO
QMCO-29.0%125.5%0.21-
Sector ETF (XLK)23.0%24.3%0.8620.6%
Equity (SPY)13.8%17.9%0.6621.9%
Gold (GLD)13.9%15.9%0.731.9%
Commodities (DBC)8.1%17.6%0.387.3%
Real Estate (VNQ)5.4%20.7%0.2317.9%
Bitcoin (BTCUSD)68.1%66.9%1.0710.2%

Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date3312026
Short Interest: Shares Quantity1.8 Mil
Short Interest: % Change Since 3152026-11.2%
Average Daily Volume0.4 Mil
Days-to-Cover Short Interest5.1 days
Basic Shares Quantity13.7 Mil
Short % of Basic Shares13.1%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
1/15/20265.6%-3.2%-22.8%
9/10/2025-17.0%-2.6%46.3%
5/6/2025-4.0%-5.6%-8.6%
2/12/2025-14.4%-29.4%-34.0%
11/13/2024-31.8%-35.5%284.0%
8/13/2024-6.4%-26.0%-48.4%
4/12/2024-11.1%-14.7%13.4%
11/13/2023-3.4%-21.3%-37.3%
...
SUMMARY STATS   
# Positive335
# Negative161614
Median Positive5.6%2.3%31.4%
Median Negative-8.3%-19.3%-21.3%
Max Positive15.6%6.0%284.0%
Max Negative-39.0%-43.0%-49.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
12/31/202502/17/202610-Q
09/30/202511/13/202510-Q
06/30/202509/11/202510-Q
03/31/202508/26/202510-K
12/31/202402/12/202510-Q
09/30/202411/14/202410-Q
06/30/202408/14/202410-Q
03/31/202406/28/202410-K
12/31/202309/06/202410-Q
09/30/202309/06/202410-Q
06/30/202308/08/202310-Q
03/31/202306/06/202310-K
12/31/202202/02/202310-Q
09/30/202211/02/202210-Q
06/30/202208/04/202210-Q
03/31/202206/08/202210-K

Industry Resources

Technology Hardware, Storage & Peripherals Resources
The Verge
TechRadar
Tom’s Hardware
PCMag
CNET