Tearsheet

Quantum (QMCO)


Market Price (12/24/2025): $7.25 | Market Cap: $96.6 Mil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

Quantum (QMCO)


Market Price (12/24/2025): $7.25
Market Cap: $96.6 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 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 -32%, 3Y Excs Rtn is -146%
Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -30 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -11%
1  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 11%
Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 97%
2   Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -13%, Rev Chg QQuarterly Revenue Change % is -13%
3   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%
4   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 -154%
5   High stock price volatility
Vol 12M is 151%
6   Key risks
QMCO key risks include [1] profound financial instability, Show more.
0 Megatrend and thematic drivers
Megatrends include Artificial Intelligence, E-commerce Logistics & Data Centers, and Digital Content & Streaming. Themes include Data Centers & Infrastructure, Show more.
1 Weak multi-year price returns
2Y Excs Rtn is -32%, 3Y Excs Rtn is -146%
2 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 11%
3 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -30 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -11%
4 Debt is significant
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is 97%
5 Weak revenue growth
Rev Chg LTMRevenue Change % Last Twelve Months (LTM) is -9.8%, Rev Chg 3Y AvgRevenue Change % averaged over trailing 3 years is -13%, Rev Chg QQuarterly Revenue Change % is -13%
6 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%
7 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 -154%
8 High stock price volatility
Vol 12M is 151%
9 Key risks
QMCO key risks include [1] profound financial instability, Show more.

Valuation, Metrics & Events

QMCO Stock


Why The Stock Moved


Qualitative Assessment

AI Analysis | Feedback

I am unable to provide key points for the movement of Quantum (QMCO) stock for the period from August 31, 2025, to today, as this timeframe is in the future and historical data for future dates is not available. Show more

Stock Movement Drivers

Fundamental Drivers

The -32.3% change in QMCO stock from 9/23/2025 to 12/23/2025 was primarily driven by a -45.0% change in the company's Shares Outstanding (Mil).
923202512232025Change
Stock Price ($)10.697.24-32.27%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)268.38259.25-3.40%
P/S Multiple0.370.371.67%
Shares Outstanding (Mil)9.1913.32-45.01%
Cumulative Contribution-45.99%

LTM = Last Twelve Months as of date shown

Market Drivers

9/23/2025 to 12/23/2025
ReturnCorrelation
QMCO-32.3% 
Market (SPY)3.7%43.1%
Sector (XLK)4.2%44.4%

Fundamental Drivers

The -17.9% change in QMCO stock from 6/24/2025 to 12/23/2025 was primarily driven by a -171.5% change in the company's Shares Outstanding (Mil).
624202512232025Change
Stock Price ($)8.827.24-17.91%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)288.16259.25-10.03%
P/S Multiple0.150.37147.71%
Shares Outstanding (Mil)4.9113.32-171.49%
Cumulative Contribution-259.32%

LTM = Last Twelve Months as of date shown

Market Drivers

6/24/2025 to 12/23/2025
ReturnCorrelation
QMCO-17.9% 
Market (SPY)13.7%33.8%
Sector (XLK)18.2%36.7%

Fundamental Drivers

The -84.6% change in QMCO stock from 12/23/2024 to 12/23/2025 was primarily driven by a -178.0% change in the company's Shares Outstanding (Mil).
1223202412232025Change
Stock Price ($)47.047.24-84.61%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)287.54259.25-9.84%
P/S Multiple0.780.37-52.54%
Shares Outstanding (Mil)4.7913.32-178.01%
Cumulative Contribution-133.38%

LTM = Last Twelve Months as of date shown

Market Drivers

12/23/2024 to 12/23/2025
ReturnCorrelation
QMCO-84.6% 
Market (SPY)16.7%28.9%
Sector (XLK)23.2%30.1%

Fundamental Drivers

The -68.2% change in QMCO stock from 12/24/2022 to 12/23/2025 was primarily driven by a -191.0% change in the company's Shares Outstanding (Mil).
1224202212232025Change
Stock Price ($)22.807.24-68.25%
Change Contribution ByLTMLTM
Total Revenues ($ Mil)398.79259.25-34.99%
P/S Multiple0.260.3742.16%
Shares Outstanding (Mil)4.5813.32-191.03%
Cumulative Contribution-184.13%

LTM = Last Twelve Months as of date shown

Market Drivers

12/24/2023 to 12/23/2025
ReturnCorrelation
QMCO1.6% 
Market (SPY)48.4%10.3%
Sector (XLK)53.8%11.3%

Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
QMCO Return-18%-10%-80%-68%672%-86%-95%
Peers Return13%38%-12%42%46%16%227%
S&P 500 Return16%27%-19%24%23%17%114%

Monthly Win Rates [3]
QMCO Win Rate50%50%25%33%58%25% 
Peers Win Rate58%65%42%58%60%55% 
S&P 500 Win Rate58%75%42%67%75%73% 

Max Drawdowns [4]
QMCO Max Drawdown-80%-19%-81%-78%-64%-87% 
Peers Max Drawdown-43%-9%-27%-10%-5%-31% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[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] 2025 data is for the year up to 12/23/2025 (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 AMCI, BGIN, AAPL, DELL, STX

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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Asset Allocation

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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

Here are 1-2 brief analogies to describe Quantum (QMCO):

  • A specialized NetApp or Dell EMC for companies that store and manage vast amounts of video and unstructured data.
  • An on-premise Amazon S3, designed for enterprises to store and manage their massive video and unstructured data archives.

AI Analysis | Feedback

  • Scale-out Storage: Provides high-performance file and object storage solutions designed for managing vast amounts of unstructured data in demanding environments.
  • Tape Storage: Offers automated tape libraries and drives for secure, cost-effective long-term archiving and data protection.
  • Data Protection Software: Delivers software-defined solutions for data backup, recovery, and replication to ensure business continuity and data integrity.
  • Professional Services: Provides expert consulting, implementation, and support services to help customers design, deploy, and optimize their Quantum storage solutions.

AI Analysis | Feedback

Quantum Corporation (symbol: QMCO) sells primarily to other companies and organizations (Business-to-Business, or B2B).

Based on Quantum's annual reports (10-K filings), no single customer accounts for 10% or more of its revenue. Therefore, Quantum does not disclose the names of specific major end-user customer companies due to competitive reasons and the distributed nature of its sales. However, Quantum's products and services are sold through a network of channel partners, who are direct customers of Quantum, and directly to large organizations.

Major Channel Partners (Direct Customers):

While Quantum works with numerous resellers and system integrators globally, major distributors through which their products reach the market, and who are direct customers of Quantum, include:

  • TD SYNNEX (SNX)
  • Arrow Electronics (ARW)

Categories of End-User Organizations:

Quantum's solutions are ultimately utilized by a diverse range of end-user organizations across various sectors. These include:

  1. Media & Entertainment Companies: This sector includes film studios, broadcast networks, post-production houses, and content creators that require high-performance, scalable storage and archiving for massive video files, digital assets, and complex content workflows.
  2. Government & Scientific Research Institutions: Agencies involved in defense, intelligence, climate research, life sciences, and academic institutions that need secure, robust, and scalable storage for large datasets, regulatory compliance, and long-term data retention.
  3. Cloud Providers & Hyperscale Data Centers: Organizations that build and operate large-scale cloud infrastructure utilize Quantum's technology for data protection, backup, recovery, and long-term cold storage solutions within their services.
  4. Enterprise Customers (across various industries): Businesses in sectors such as financial services, healthcare, and manufacturing that leverage Quantum for critical data protection, archiving, compliance, and management, including specialized applications like video surveillance storage.

AI Analysis | Feedback

  • Flex Ltd. (FLEX)
  • IBM (IBM)
  • Seagate Technology plc (STX)
  • Western Digital Corporation (WDC)

AI Analysis | Feedback

Hugues Meyrath, Chief Executive Officer

Hugues Meyrath was appointed Chief Executive Officer of Quantum, effective June 2, 2025. He is a storage industry veteran with over 30 years of experience. Most recently, he served as Chief Product Officer of ServiceChannel, which was acquired by Fortive in 2021. Prior to that, he was Vice President at Dell Technologies Capital, where he was responsible for venture funding, mergers & acquisitions, and advisory roles for portfolio companies. His experience also includes executive roles at Juniper Networks, Brocade Communications, SBS, EMC (as Vice President of Product Management and Business Development for Backup & Recovery Services), and previously at Quantum.

Laura A. Nash, Principal Financial Officer

Laura A. Nash was appointed Principal Financial Officer of Quantum, effective August 18, 2025. She has served as Chief Accounting Officer of Quantum since June 2023 and as the company's Controller from June 2019 to June 2023. Before joining Quantum, Ms. Nash held various positions in audit and financial accounting advisory services at Ernst & Young in both the U.S. and the U.K. from September 2005 to June 2019. She is a member of the Institute of Chartered Accountants of Scotland.

Donald J. Jaworski, Chairman of the Board

Donald J. Jaworski was named the new Chairman of the Board, effective June 2, 2025. He currently serves as President and Chief Operating Officer of Lacuna Technologies, Inc. Previously, Mr. Jaworski was CEO of SwiftStack, Inc., an open-source cloud data management company that was acquired by NVIDIA. He also held the position of Senior Vice President & General Manager of the core platform business at NetApp. His career includes senior leadership roles at Brocade (as SVP of Product) and Nokia (as GM of the Enterprise Security business unit), and earlier management positions at Sun Microsystems and Amdahl Corporation.

Geoff Barrall, Chief Product Officer

Dr. Geoff Barrall was appointed Chief Product Officer of Quantum on October 7, 2025. He leads the company's product strategy, innovation, and engineering direction. Dr. Barrall has extensive experience in enterprise storage and data management, and previously served as Chief Product Officer at Index Engines and Chief Technology Officer at Hitachi Vantara. He founded several storage technology companies, including BlueArc Corporation (which was acquired by Hitachi), Drobo, and Connected Data. He holds a Ph.D. and B.S. with First-Class Honors in Cybernetics from the University of Reading, UK.

Tony Craythorne, Chief Revenue Officer

Tony Craythorne was recruited as Chief Revenue Officer of Quantum on September 10, 2025. He leads global sales and marketing to drive the company’s revenue growth and market expansion. Mr. Craythorne brings over 25 years of executive sales and marketing experience across the U.S., Europe, and Asia. His previous leadership roles include Chief Revenue Officer at Index Engines and Zadara, CEO of Bamboo Systems, and Senior Vice President of Worldwide Sales at Komprise. He has also held key executive positions at Brocade, Hitachi Data Systems, and Nexsan.

AI Analysis | Feedback

The public company Quantum (QMCO) faces several significant risks to its business, primarily stemming from profound financial instability, a series of governance failures, and challenges within its core data storage market.

1. Financial Instability and Going Concern Doubt

Quantum Corporation has demonstrated significant financial instability, with repeated accounting irregularities and restatements of financial statements, which have severely undermined its financial credibility. The company has been unable to file its annual and quarterly reports on time due to flawed revenue recognition practices, leading to a substantial plummet in its stock price. There is also substantial doubt about Quantum's ability to continue as a going concern. The company carries significant indebtedness, with reports of $1.2 billion in total debt and a negative debt-to-equity ratio, indicating severe liquidity challenges and expected covenant violations on its term loans. Quantum has consistently reported negative net income and earnings per share, alongside substantial cash outflows from operations.

2. Governance Failures, Leadership Instability, and Regulatory Scrutiny

Quantum has experienced a cascade of governance failures, marked by material weaknesses in internal controls and the abrupt resignation of its CEO and CFO within weeks of each other. These issues have led to securities class action lawsuits alleging fraud and misstatements, further eroding investor trust. The company is also under intense regulatory scrutiny, facing SEC investigations and Nasdaq delisting warnings due to its delayed filings and unresolved internal control weaknesses.

3. Challenges in the Core Data Storage Business and Competition

Quantum operates in a highly competitive and evolving data storage industry, facing significant competition from other technology companies. The company has reported "dismal" financial results and struggles with a declining legacy storage business, making it challenging to reverse the structural decline. Adding to this, the company's name has sometimes led to a misconception among investors that it is involved in "quantum computing," driving speculative investment not based on its fundamental data storage solutions business, which faces stiff competition from industry giants.

AI Analysis | Feedback

The aggressive and expanding adoption of cloud-native storage and archiving services offered by hyperscale public cloud providers (e.g., AWS S3 Glacier, Azure Archive Blob, Google Cloud Storage Coldline). These services provide alternative, often OpEx-based, fully managed solutions for unstructured data management and long-term retention, directly competing with Quantum's traditional on-premise tape libraries, deduplication appliances, and object storage solutions.

AI Analysis | Feedback

Quantum (QMCO) operates within several addressable markets related to data storage, management, and protection, particularly for video and unstructured data. Below are the estimated market sizes for their main product and service categories:

  • Overall Data Storage Market: The global data storage market was valued at approximately USD 218.33 billion in 2024 and is projected to reach USD 774.00 billion by 2032, exhibiting a Compound Annual Growth Rate (CAGR) of 17.2% during the forecast period. North America held the largest share of this market, at 42.07%, in 2024. Other estimates place the global market at USD 250.77 billion in 2025, expected to reach USD 483.90 billion by 2030 (CAGR of 14.05%).
  • Scale-Out Storage and Scale-Out NAS Market: The global scale-out Network Attached Storage (NAS) market was valued at USD 33.02 billion in 2023 and is poised to grow to USD 139.89 billion by 2032, with a CAGR of 17.4% during the forecast period (2025-2032). North America currently holds the largest market share in this segment. Another source indicates the global Scale-Out Network Attached Storage (NAS) market size was USD 15.98 billion in 2024 and is expected to reach USD 47.36 billion by 2032, at a CAGR of 18.5% during the forecast period. The broader scale-out storage solutions market is projected to reach approximately $1569 million globally in 2025.
  • Unstructured Data Solutions Market: The global unstructured data solution market is estimated to be approximately USD 34.08 billion in 2024, projected to climb to USD 39.37 billion in 2025, and reach USD 109.1 billion by 2033, with a CAGR of about 15.5%.
  • Data Protection Market: The global data protection market was valued at USD 150.38 billion in 2024. It is projected to grow from USD 172.67 billion in 2025 to USD 505.98 billion by 2032, exhibiting a CAGR of 16.6%. North America accounted for the largest share of 32.7% in 2024. Additionally, the global enterprise information archiving (EIA) market was estimated at USD 7.58 billion in 2023 and is projected to reach USD 18.89 billion by 2030, growing at a CAGR of 14.1%. North America held over 40% market share in 2023 for EIA. The global archival data storage market was valued at USD 10.35 billion in 2023 and is projected to grow to USD 23.72 billion by 2033, at a CAGR of 8.5% from 2025 to 2033.
  • Video Analytics Market: The global video content analytics market size was valued at USD 3.52 billion in 2024 and is expected to grow from USD 4.41 billion in 2025 to reach USD 41.45 billion by 2033, growing at a CAGR of 19.6% during the forecast period. Separately, the global video analytics market size was estimated at USD 12.71 billion in 2024 and is projected to reach USD 37.84 billion by 2030, growing at a CAGR of 19.5% from 2025 to 2030. North America dominated this market with a 33.2% revenue share in 2024.

AI Analysis | Feedback

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

  1. Transition to a Subscription-Based Model: The company is strategically shifting towards a subscription-based model to boost recurring revenue and enhance cash flow stability. Quantum reported a 29% year-over-year increase in Subscription Annual Recurring Revenue (ARR) in Q3 FY2025, with over 90% of new sales in the quarter being subscription-based. This focus aims to drive increasing profitability and cash flow in the coming years.
  2. Growth in Data Protection and Storage Solutions: Quantum continues to focus on innovation and advancements in data protection and storage solutions to meet customer needs for comprehensive data lifecycle management. This includes leveraging offerings such as DXi sales to contribute to future success.
  3. Improved Sales Execution and Customer Conversion: Converting recent customer wins and bookings into realized sales is a critical driver. The company experienced better-than-expected bookings in Q3 FY2025 due to converting these wins into sales. Strengthening sales execution and expanding the partner ecosystem are also key areas of focus.
  4. Shift Towards a Higher-Value Product Mix: Quantum is transitioning towards a higher-value business, which has contributed to improved gross margins. This strategic shift in product mix is expected to continue enhancing the quality of revenue and overall financial performance.

AI Analysis | Feedback

Capital Allocation Decisions (Fiscal Years 2021-2025)

Share Issuance

  • Quantum entered into a debt exchange agreement where approximately $52 million of term loans held by Dialectic would be exchanged for senior secured convertible notes, convertible at an initial price of $10.00 per share, with quarterly resets and a $4.00 floor, representing a future potential issuance.
  • Dialectic Technology SPV LLC and related parties received a Forbearance Warrant to purchase 2,653,308 shares at an initial exercise price of $8.81 as consideration for amendments to term loan agreements covering approximately $51.3 million of loans.
  • In February 2025, Quantum entered into a standby equity purchase agreement with a new financial partner to solidify access to additional capital and liquidity, with the company retaining control over the timing and volume of any future issuances.

Inbound Investments

  • Quantum completed a financing amendment with Dialectic Technology SPV LLC and related parties, which included granting a Forbearance Warrant, related to approximately $51.3 million of term loans.
  • The company reached an agreement with its current lenders in August 2024 to significantly improve its liquidity and overall capital structure.
  • In February 2025, Quantum secured a standby equity purchase agreement with a new financial partner, solidifying access to additional capital and liquidity.

Outbound Investments

  • In fiscal year 2022 (ended March 31, 2022), Quantum made a cash acquisition of approximately $7.81 million.
  • In fiscal year 2021 (ended March 31, 2021), the company completed a business acquisition for approximately $2.66 million.

Capital Expenditures

  • Capital expenditures for the fiscal year ended March 31, 2025, were approximately $4.95 million.
  • Capital expenditures were approximately $5.87 million in fiscal year 2024 (ended March 31, 2024) and $12.58 million in fiscal year 2023 (ended March 31, 2023).
  • After completing the implementation of a new Enterprise Resource Planning (ERP) system in April 2024, Quantum anticipates a material reduction in associated capital expenditures in the future, aiming for operational efficiencies.

Better Bets than Quantum (QMCO)

Latest Trefis Analyses

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Trade Ideas

Select ideas related to QMCO. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ENPH_11302025_Dip_Buyer_High_CFO_Margins_ExInd_DE11302025ENPHEnphase EnergyDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
11.7%11.7%-0.9%
PD_11262025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11262025PDPagerDutyDip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
10.2%10.2%0.0%
CRM_11212025_Dip_Buyer_FCFYield11212025CRMSalesforceDip BuyDB | FCFY OPMDip Buy with High FCF Yield and High Margin
Buying dips for companies with high FCF yield and meaningfully high operating margin
16.2%16.2%-0.1%
HUBS_11212025_Dip_Buyer_High_CFO_Margins_ExInd_DE11212025HUBSHubSpotDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
11.7%11.7%0.0%
FIVN_11212025_Dip_Buyer_High_FCF_Yield_ExInd_DE_RevG11212025FIVNFive9Dip BuyDB | FCF Yield | Low D/EDip Buy with High Free Cash Flow Yield
Buying dips for companies with significant free cash flow yield (FCF / Market Cap) and reasonable debt / market cap
4.2%4.2%0.0%

Recent Active Movers

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Peer Comparisons for Quantum

Peers to compare with:

Financials

QMCONTAPPSTGDELLHPEIBMMedian
NameQuantum NetApp Pure Sto.Dell Tec.Hewlett .Internat. 
Mkt Price7.24109.8467.27127.6224.58303.7888.56
Mkt Cap0.121.922.285.632.8283.727.5
Rev LTM2596,6373,484104,09034,29665,40220,466
Op Inc LTM-301,500706,9241,64411,5441,572
FCF LTM-421,6765674,44962711,8541,152
FCF 3Y Avg-231,3605324,7811,40011,7531,380
CFO LTM-391,8608217,0962,91913,4832,390
CFO 3Y Avg-181,5347597,4743,89613,4982,715

Growth & Margins

QMCONTAPPSTGDELLHPEIBMMedian
NameQuantum NetApp Pure Sto.Dell Tec.Hewlett .Internat. 
Rev Chg LTM-9.8%2.5%13.2%10.8%13.8%4.5%7.7%
Rev Chg 3Y Avg-12.8%0.6%9.6%0.2%6.5%2.6%1.6%
Rev Chg Q-12.7%2.8%16.0%10.8%14.4%9.1%10.0%
QoQ Delta Rev Chg LTM-3.4%0.7%4.0%2.6%3.7%2.1%2.4%
Op Mgn LTM-11.4%22.6%2.0%6.7%4.8%17.7%5.7%
Op Mgn 3Y Avg-9.1%20.8%3.0%6.1%7.2%16.4%6.6%
QoQ Delta Op Mgn LTM-0.3%0.8%-0.3%0.2%-1.4%0.6%-0.0%
CFO/Rev LTM-15.0%28.0%23.6%6.8%8.5%20.6%14.6%
CFO/Rev 3Y Avg-6.7%23.8%24.2%7.8%12.7%21.4%17.1%
FCF/Rev LTM-16.3%25.3%16.3%4.3%1.8%18.1%10.3%
FCF/Rev 3Y Avg-8.5%21.1%17.0%5.0%4.6%18.6%11.0%

Valuation

QMCONTAPPSTGDELLHPEIBMMedian
NameQuantum NetApp Pure Sto.Dell Tec.Hewlett .Internat. 
Mkt Cap0.121.922.285.632.8283.727.5
P/S0.43.36.40.81.04.32.1
P/EBIT-0.814.5125.910.819.924.917.2
P/E-0.718.6170.116.4574.835.927.2
P/CFO-2.511.827.012.111.221.011.9
Total Yield-149.7%7.3%0.6%7.7%2.3%5.0%3.6%
Dividend Yield0.0%1.9%0.0%1.7%2.1%2.2%1.8%
FCF Yield 3Y Avg-56.8%6.4%3.2%7.4%5.5%6.4%5.9%
D/E1.10.10.00.40.70.20.3
Net D/E1.0-0.0-0.10.30.60.20.2

Returns

QMCONTAPPSTGDELLHPEIBMMedian
NameQuantum NetApp Pure Sto.Dell Tec.Hewlett .Internat. 
1M Rtn3.7%2.4%-14.2%4.2%20.5%2.1%3.0%
3M Rtn-32.3%-10.6%-23.8%-4.7%0.1%12.2%-7.6%
6M Rtn-17.9%4.5%23.0%6.6%37.0%4.7%5.7%
12M Rtn-84.6%-5.1%5.4%9.4%15.7%40.4%7.4%
3Y Rtn-68.2%99.2%152.4%247.3%69.7%139.3%119.2%
1M Excs Rtn-0.9%-2.3%-18.8%-0.5%15.9%-2.5%-1.6%
3M Excs Rtn-32.8%-14.6%-24.8%-7.1%-3.0%10.1%-10.9%
6M Excs Rtn-29.6%-8.0%9.0%-6.7%21.0%-7.8%-7.2%
12M Excs Rtn-97.7%-21.6%-9.9%-1.7%3.8%21.4%-5.8%
3Y Excs Rtn-145.5%15.6%55.7%166.8%-8.4%62.5%35.6%

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$7.24 
Market Cap ($ Bil)0.1 
First Trading Date12/29/2006 
Distance from 52W High-89.8% 
   50 Days200 Days
DMA Price$8.65$10.01
DMA Trenddowndown
Distance from DMA-16.3%-27.7%
 3M1YR
Volatility90.0%149.6%
Downside Capture391.21394.78
Upside Capture141.05153.80
Correlation (SPY)44.0%28.9%
QMCO Betas & Captures as of 11/30/2025

 1M2M3M6M1Y3Y
Beta2.222.792.613.050.931.46
Up Beta0.511.46-2.640.241.601.06
Down Beta12.347.136.674.64-1.39-0.20
Up Capture-22%42%221%248%236%1539%
Bmk +ve Days13263974142427
Stock +ve Days7172954108340
Down Capture213%213%212%307%156%112%
Bmk -ve Days7162452107323
Stock -ve Days13253470138394

[1] Upside and downside betas calculated using positive and negative benchmark daily returns respectively
Based On 1-Year Data
 Comparison of QMCO With Other Asset Classes (Last 1Y)
 QMCOSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-87.9%26.5%18.8%72.9%9.0%3.7%-11.4%
Annualized Volatility156.5%27.6%19.5%19.2%15.3%17.2%35.0%
Sharpe Ratio-0.640.830.762.720.360.05-0.14
Correlation With Other Assets 29.5%28.7%9.0%7.1%18.8%22.8%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 5-Year Data
 Comparison of QMCO With Other Asset Classes (Last 5Y)
 QMCOSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-43.2%19.1%14.8%18.9%11.8%4.7%35.5%
Annualized Volatility156.7%24.7%17.1%15.5%18.7%18.9%48.9%
Sharpe Ratio0.230.700.700.980.510.160.62
Correlation With Other Assets 16.3%16.5%0.2%2.3%11.0%9.6%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How
Based On 10-Year Data
 Comparison of QMCO With Other Asset Classes (Last 10Y)
 QMCOSector ETFEquityGoldCommoditiesReal EstateBitcoin
Annualized Return-24.5%22.4%14.8%15.1%6.8%5.4%69.1%
Annualized Volatility127.9%24.2%18.0%14.8%17.6%20.8%55.8%
Sharpe Ratio0.280.850.710.850.310.230.90
Correlation With Other Assets 18.8%20.4%0.8%7.2%17.0%8.9%

ETFs used for asset classes: Sector ETF = XLK, Equity = SPY, Gold = GLD, Commodities = DBC, Real Estate = VNQ, and Bitcoin = BTCUSD
Smart multi-asset allocation framework can stack odds in your favor. Learn How

Short Interest

Short Interest: As Of Date11282025
Short Interest: Shares Quantity1,526,144
Short Interest: % Change Since 111520250.9%
Average Daily Volume636,458
Days-to-Cover Short Interest2.40
Basic Shares Quantity13,322,000
Short % of Basic Shares11.5%

Earnings Returns History

Expand for More
 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
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%
6/6/2023-13.8%-11.8%-13.0%
...
SUMMARY STATS   
# Positive235
# Negative181715
Median Positive10.6%2.3%31.4%
Median Negative-8.3%-19.7%-19.8%
Max Positive15.6%6.0%284.0%
Max Negative-39.0%-43.0%-49.5%

SEC Filings

Expand for More
Report DateFiling DateFiling
93020251113202510-Q 9/30/2025
6302025911202510-Q 6/30/2025
3312025826202510-K 3/31/2025
12312024212202510-Q 12/31/2024
93020241114202410-Q 9/30/2024
6302024814202410-Q 6/30/2024
3312024628202410-K 3/31/2024
12312023906202410-Q 12/31/2023
9302023906202410-Q 9/30/2023
6302023808202310-Q 6/30/2023
3312023606202310-K 3/31/2023
12312022202202310-Q 12/31/2022
93020221102202210-Q 9/30/2022
6302022804202210-Q 6/30/2022
3312022608202210-K 3/31/2022
12312021209202210-Q 12/31/2021