Quantum Corporation filed its Form 10-Q for the quarterly period ended September 30, 2026, with the SEC on November 9, 2026, reporting second-quarter and six-month financial results for fiscal year 2027.

Key Highlights

  • Product revenue: $62,584 thousand for the three months ended September 30, 2026, compared with $35,368 thousand in the same period a year earlier, according to the filing.
  • Six-month product revenue: $116,456 thousand for the six months ended September 30, 2026, versus $72,905 thousand in the prior-year period, the company disclosed.
  • Cash and cash equivalents: $67,416 thousand as of September 30, 2026, up from $15,572 thousand at March 31, 2026, per the balance sheet.
  • Accumulated deficit: $(1,243,660) thousand as of September 30, 2026, compared with $(1,043,517) thousand at March 31, 2026, the registrant reported.
  • Warrant liabilities: $83,255 thousand as of September 30, 2026, up from $14,105 thousand at March 31, 2026, according to the filing.
  • Shares outstanding: 39,557,393 shares of common stock issued and outstanding as of November 5, 2026, the company disclosed.
  • Total stockholders' deficit: $(72,214) thousand as of September 30, 2026, an improvement from $(198,857) thousand at March 31, 2026, per the filing.

Quantum Corporation Balance Sheet and Revenue Details for September 30, 2026

Quantum Corporation (NASDAQ:QMCO) filed its quarterly report covering the three and six months ended September 30, 2026. According to the filing, total assets stood at $215,200 thousand as of September 30, 2026, rising from $156,892 thousand at the prior fiscal year-end of March 31, 2026. Total liabilities declined to $287,414 thousand from $355,749 thousand over the same period, the registrant reported.

The balance sheet reflects notable changes in the company's debt structure. The filing shows that term debt of $54,811 thousand and a convertible note of $90,034 thousand, both carried as liabilities at March 31, 2026, each showed a zero balance as of September 30, 2026. Warrant liabilities, however, increased significantly, to $83,255 thousand from $14,105 thousand. Common shares issued and outstanding grew to 39,541 thousand from 14,638 thousand over the same period, with additional paid-in capital rising to $1,172,297 thousand from $853,974 thousand, the company disclosed.

On the income statement, service and subscription revenue for the three months ended September 30, 2026 was $25,011 thousand, compared with $25,620 thousand in the same period of the prior year, according to the filing. Six-month service and subscription revenue was $49,680 thousand for fiscal 2027, versus $50 thousand reported in the partial disclosure available in the filing text. The registrant noted that the report contains forward-looking statements subject to risks and uncertainties, including its ability to generate sufficient cash flows, remediate material weaknesses in internal controls, and obtain additional financing, and cautioned that actual results could differ materially from those forward-looking statements.

What Was Disclosed

Quantum Corporation submitted a Form 10-Q for the quarter ended September 30, 2026, disclosing condensed consolidated balance sheets, statements of operations, and cash flow statements, along with management discussion and risk factor updates as required by SEC rules.