Quantum Corporation filed its quarterly report on Form 10-Q for the period ended June 30, 2026 with the U.S. Securities and Exchange Commission on August 11, 2026, disclosing condensed consolidated financial statements and related management discussion for the first fiscal quarter of 2027.

Key Highlights

  • Total revenue of $80,803 thousand for the three months ended June 30, 2026, compared to $64,286 thousand for the same period in 2025, according to the filing.
  • Cash and cash equivalents of $54,449 thousand as of June 30, 2026, up from $15,572 thousand as of March 31, 2026.
  • Total assets of $191,897 thousand as of June 30, 2026, compared to $156,892 thousand as of March 31, 2026.
  • Accumulated deficit of $1,198,810 thousand as of June 30, 2026, versus $1,043,517 thousand as of March 31, 2026.
  • Shares issued and outstanding increased to 39,375 thousand as of June 30, 2026, from 14,638 thousand as of March 31, 2026.
  • Term debt and convertible note both reduced to zero as of June 30, 2026, from $54,811 thousand and $90,034 thousand, respectively, as of March 31, 2026.
  • Warrant liabilities of $31,690 thousand as of June 30, 2026, up from $14,105 thousand as of March 31, 2026.

Quantum Corporation Balance Sheet and Revenue Changes for the Quarter Ended June 30, 2026

According to the filing, Quantum Corporation (NASDAQ:QMCO) reported total revenue of $80,803 thousand for the three months ended June 30, 2026, compared to $64,286 thousand for the three months ended June 30, 2025. Revenue was composed of product revenue of $53,871 thousand, service and subscription revenue of $24,668 thousand, and royalty revenue of $2,264 thousand, versus $37,535 thousand, $24,943 thousand, and $1,808 thousand in the prior-year quarter, respectively.

The condensed consolidated balance sheet disclosed total assets of $191,897 thousand as of June 30, 2026, up from $156,892 thousand as of March 31, 2026. Cash and cash equivalents rose to $54,449 thousand from $15,572 thousand over the same period. The filing also reported that both the term debt balance of $54,811 thousand and the convertible note balance of $90,034 thousand that appeared on the March 31, 2026 balance sheet were reduced to zero as of June 30, 2026. Warrant liabilities, however, increased to $31,690 thousand from $14,105 thousand.

Total stockholders' deficit narrowed to $(27,825) thousand as of June 30, 2026, from $(198,857) thousand as of March 31, 2026, the filing disclosed. Common shares issued and outstanding rose to 39,375 thousand from 14,638 thousand over the same interval, with additional paid-in capital increasing to $1,171,684 thousand from $853,974 thousand. The accumulated deficit widened to $1,198,810 thousand from $1,043,517 thousand. As of August 6, 2026, the filing states there were 39,410,001 shares of common stock issued and outstanding. The company noted in its forward-looking statements section risks including "the ability to meet stock exchange continued listing standards" and "the possibility that the Nasdaq may delist our securities," which the filing identifies as subject to its cautionary language.

What Was Disclosed

Quantum Corporation's Form 10-Q for the quarter ended June 30, 2026 disclosed condensed consolidated financial statements showing increased total revenue year-over-year, a significant reduction in debt balances, higher cash, and a substantially larger share count compared to the prior fiscal quarter end.