Quantum Corp key statistics and ratios

In fiscal 2026, Quantum Corp had an operating margin of -8.8% and a current ratio of 0.55. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Quantum Corp: financial ratios, annual
Fiscal year	2010Mar 2010	2011Mar 2011	2012Mar 2012	2013Mar 2013	2014Mar 2014	2015Mar 2015	2016Mar 2016	2017Mar 2017	2018Mar 2018	2019Mar 2019	2020Mar 2020	2021Mar 2021	2022Mar 2022	2023Mar 2023	2024Mar 2024	2025Mar 2025	2026Mar 2026	LTMJun 2026
Gross margin	41.1%	42.1%	41.9%	41.0%	43.3%	44.3%	42.7%	41.6%	39.5%	41.6%	42.8%	43.1%	42.3%	33.9%	40.1%	40.1%	36.9%	37.8%
Operating margin	4.3%	3.7%	0.7%	−7.2%	−2.1%	2.7%	−14.2%	1.4%	−6.5%	−1.2%	5.3%	2.4%	−0.9%	−4.0%	−9.3%	−15.2%	−8.8%	−2.3%
Net margin	2.4%	0.7%	−1.4%	−8.9%	−3.9%	3.1%	−16.1%	−0.5%	−9.9%	−10.6%	−1.3%	−10.1%	10.3%	−4.4%	−13.2%	−42.0%	−36.1%	−80.8%
Free-cash-flow margin	13.4%	5.9%	5.3%	−0.4%	5.3%	0.5%	−3.2%	1.3%	−1.7%	−4.9%	−0.9%	−2.2%	−10.7%	−4.1%	−5.1%	−10.4%	−14.2%	−7.1%
Return on assets	—	1.1%	−2.2%	−13.7%	−5.9%	4.8%	−26.0%	−1.1%	−20.5%	−22.8%	−3.1%	−19.6%	19.3%	−8.8%	−20.6%	−67.1%	−64.7%	−137.1%
Asset turnover	—	1.56	1.58	1.54	1.51	1.54	1.62	2.18	2.07	2.14	2.38	1.94	1.88	2.03	1.55	1.60	1.79	1.70
Current ratio	—	1.48	1.34	1.38	1.44	0.95	1.18	0.77	0.86	0.86	0.86	0.98	0.82	0.97	0.53	0.40	0.55	0.93
Interest cover (operating income ÷ interest)	1.1x	1.2x	0.4x	n/m	n/m	1.6x	n/m	0.8x	n/m	n/m	0.8x	0.3x	n/m	n/m	n/m	n/m	n/m	n/m
Effective tax rate	7.1%	0.3%	—	—	—	4.0%	—	—	—	—	—	—	3.4%	—	—	—	—	—
R&D as % of revenue	10.3%	10.9%	11.4%	12.6%	11.6%	10.6%	10.2%	9.0%	8.8%	8.0%	9.0%	11.9%	13.9%	10.6%	12.2%	11.4%	8.4%	7.7%
Capital spending as % of revenue	1.3%	1.8%	1.8%	1.7%	1.1%	0.6%	0.7%	0.4%	0.6%	0.7%	0.7%	2.0%	1.7%	3.0%	1.9%	1.8%	0.6%	0.3%
Free cash flow ÷ net income	550.5%	880.6%	—	—	—	16.3%	—	—	—	—	—	—	−104.4%	—	—	—	—	—

US$ thousands unless shown otherwise. Fiscal quarters.

Quantum Corp: financial ratios, quarterly
Quarter	2025 Q2Sept 2024	2025 Q3Dec 2024	2025 Q4Mar 2025	2026 Q1Jun 2025	2026 Q2Sept 2025	2026 Q3Dec 2025	2026 Q4Mar 2026	2027 Q1Jun 2026
Gross margin	42.7%	40.6%	39.6%	35.3%	37.6%	38.8%	35.7%	39.3%
Operating margin	−7.7%	−11.3%	−18.9%	−19.6%	−13.0%	−1.6%	−3.3%	6.2%
Net margin	−16.9%	−109.6%	−12.6%	−26.8%	−74.1%	−37.3%	−12.2%	−192.2%
Free-cash-flow margin	−23.5%	−6.2%	−6.4%	−28.1%	−25.5%	−5.7%	−1.5%	0.7%
Current ratio	0.83	0.38	0.40	0.53	0.37	0.51	0.55	0.93
R&D as % of revenue	11.5%	11.2%	11.2%	10.4%	9.1%	7.5%	7.2%	7.5%

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

3 of 5 checks passed · June 30, 2026

What it owns · $192m

Short-term assets $149mLonger-term assets $43m

What it owes, and who funded it · $220m

Short-term liabilities $160mLonger-term liabilities $60mShareholders' equity $-28m

Short-term assets cover short-term liabilities $149m of assets due within a year against $160m of liabilities due within a year.
Short-term assets cover long-term liabilities $149m short-term assets against $60m of longer-dated liabilities.
More cash than debt $54m of cash against $0 of debt.
Debt below 40% of shareholders' equity Equity or debt not reported. Not assessable.
Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
A year's operating cash flow covers at least 20% of debt No debt to cover.
Operating profit covers interest at least five times over Operating income of −$7m against $17m of interest.

From Quantum Corp's latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

50 /100

Moderate moat

How hard Quantum's competitive advantage looks for rivals to wear away, judged from 10 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

Returns on capital 20 / 20

Cash operating profit has been a median 18.2% of total assets over 10 years.
Pricing power 14 / 20

Gross margin has been a median 40.4%, moving by 2.4 percentage points (standard deviation) across 10 years.
Durability 10 / 20

Operating margin has been a median -2.3%; its worst year was -14.1%.
Cash conversion 1 / 20

Free cash flow was positive in 1 of 10 years, at a median -3.2% of revenue.
Discipline 10 / 20

The diluted share count rose 789.3% over five years; stock-based pay has been a median 1.3% of revenue.

AI disruption exposure: Medium. In this industry, AI could change how the product is made or sold, without replacing the core asset. The score above includes a 5-point deduction for that exposure (55 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

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Figures from Quantum Corp's SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Quantum Corp.