Quantum Corporation (QMCO) Stock

Quantum Corporation (QMCO) is a Technology stock trading at $20.48 (as of 2026-08-20), with a market capitalization of $807.12M. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Quantum Corporation provides software systems and storage products for capturing, ingesting, editing, processing, managing, and archiving digital video and unstructured data, including CatDV workflow software and StorNext, Scalar, and DXi solutions. It also sells video surveillance and security recording, analytics, and access-control related platforms, along with related services and support for organizations in multiple regions.

Understand Quantum Corporation: how it makes money

Quantum Corporation provides software and storage systems for storing and managing digital video and unstructured data, and it makes money by selling storage and data management product lines plus related services and subscriptions.

The profit model is driven by converting an installed base into recurring services and subscription revenue (supported by subscription customer and support-contract metrics) while continuing to sell its main storage systems and software platforms.

Revenue by segment (latest quarter)
Secondary Storage	$0.1B
Services	$0.0B
Primary Storage	$0.0B
Media & Devices	$0.0B

Business quality (Mixed): You have clear revenue category splits and several recurring-related operating metrics, but the provided data is limited to one period and does not fully document whether the listed revenue categories map to official reportable segments.

Bull case

Recurring engine indicators exist: The company tracks Subscription Annual Recurring Revenue and Systems Under Support Contracts, which suggests services and subscription revenue are meant to scale off an installed base.
Customer and subscription activity is measurable: The company reports Active Subscription Customers and Subscription Renewal Rate, which can help investors monitor retention and ongoing monetization.
Revenue mix includes multiple monetization paths: The revenue categories provided include both product revenue categories and Services revenue, supporting the idea that earnings are not dependent on a single sale type.

Bear case

Operating profitability is currently negative: The provided operating margin is -1.6%, indicating operating losses in the latest reported period.
Top line is concentrated in one main storage category: Secondary Storage Systems Revenue is 0.05B versus Primary Storage Revenue of 0.01B and Media and Devices Revenue of 0.01B, implying greater dependence on secondary storage results.
Not all revenue streams contribute meaningfully: Royalty Revenue is 0.0B in the provided breakdown, so there is no visible contribution from royalty-like economics in this dataset.

Valuation — source: SEC EDGAR (first-party)
Price	$20.48
Market Cap	$807.12M
Price / Sales	2.73
FCF Yield	-2.6%

Profitability & Growth — source: SEC EDGAR
Revenue (TTM)	$279.58M
Net Margin	-36.1%
Revenue Growth (YoY)	25.7%
EPS Growth (YoY)	277.5%
FCF Growth (YoY)	-103.1%

Financial Health — source: SEC EDGAR
Altman Z-Score	-7.40 (distress)
Piotroski F-Score	4/9 (moderate)

Valuation vs Sector & Industry
Sector P/E (Technology)	33.9
Industry P/E (Computers)	32.1

Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional Holder	VANGUARD GROUP INC ($4.03M)
Institutional Holders Tracked	10
Congressional Trades (recent)	1

Company
Sector	Technology
Industry	Computers
CEO	Hugues Meyrath
Employees	770
Country	US
IPO Date	1999-08-02

Related Companies (Business model: Consumer Hardware (incl. ecosystem services); 8 closest by market cap; US-domiciled)

Data as of 2026-08-20.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.