Filing Flows › Quantum (QMCO) › Q3 FY25
Quantum (QMCO) Q3 FY25 earnings results (third quarter fiscal 2025)
10-Q filed Feb 12, 2025
Quantum (QMCO) reported revenue of $72.6M for the third quarter fiscal 2025 (Q3 FY25), +0.9% from a year earlier and +1% from the quarter before. Operating margin was -5.3%, net loss $71.4M (98.5% of revenue).
Quantum, Q3 FY25: revenue $72.6M (+0.9% year over year), operating margin -5.3%, net loss $71.4M, operating cash flow −$3.2M. The chart follows the revenue to costs, profit and cash.
| Q3 FY25 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $72.6M | +1% | +0.9% |
| Operating profit | −$3.9M | — | — |
| Net earnings | −$71.4M | — | — |
| Operating cash flow | −$3.2M | — | — |
What changed
Revenue was $72.6M in Q3 FY25, up 1% year over year and up 1% from the previous quarter.
Gross margin was 43.8%, up 3.2 points from a year earlier. Operating costs exceeded revenue by $3.9M, an operating margin of -5.3%. Operating expenses grew 1% against revenue growth of 1%. The fastest-growing cost line was Other operating costs (+170%). The quarter ended with a net loss of $71.4M, wider than the previous quarter's $13.5M loss. Net interest and other expense of $67.5M was the main reason.
Operating cash flow was −$3.2M. Non-cash charges added back $1.1M of depreciation and amortization and $735K of share-based compensation. Working capital and other items added $66.5M. Capital expenditures of $1.1M exceeded it, leaving free cash flow of −$4.2M.
Questions
What was Quantum's revenue in the third quarter fiscal 2025?
Quantum (QMCO) reported revenue of $72.6M for the third quarter fiscal 2025 (Q3 FY25), +0.9% from a year earlier and +1% from the quarter before.
Was Quantum profitable in the third quarter fiscal 2025?
Operating loss was $3.9M (-5.3% of revenue) and net loss $71.4M.
Source: Quantum 10-Q on SEC EDGAR.