Quantum Corporation reported fiscal Q3 2025 results with revenue increasing to $72.6 million and subscription ARR up 29% YoY to $21.3 million. The company achieved positive adjusted EBITDA of $4.7 million, marking a $5 million sequential improvement. Gross margin expanded to 43.8%, while GAAP net loss was $71.4 million including a $61.6 million non-cash warrant liability adjustment.The company entered into a standby equity purchase agreement with YA II PN, Ltd., providing access to additional capital through the potential issuance of up to 2.3 million shares. This strategic move aims to reduce outstanding debt and lower interest expenses. Notable Q3 wins included a multi-million dollar deal with a European retailer and a 7-figure contract with a Japanese research institute.For Q4 FY2025, Quantum projects revenue of $66 million (+/- $2.0 million) and adjusted EBITDA of approximately $1.7 million. The company expects a non-GAAP adjusted basic net loss per share of ($1.16) (+/- $0.05), assuming an average basic share count of 5.8 million.

Quantum Corporation reported fiscal Q3 2025 results with revenue increasing to $72.6 million and subscription ARR up 29% YoY to $21.3 million. The company achieved positive adjusted EBITDA of $4.7 million, marking a $5 million sequential improvement. Gross margin expanded to 43.8%, while GAAP net loss was $71.4 million including a $61.6 million non-cash warrant liability adjustment.The company entered into a standby equity purchase agreement with YA II PN, Ltd., providing access to additional capital through the potential issuance of up to 2.3 million shares. This strategic move aims to reduce outstanding debt and lower interest expenses. Notable Q3 wins included a multi-million dollar deal with a European retailer and a 7-figure contract with a Japanese research institute.For Q4 FY2025, Quantum projects revenue of $66 million (+/- $2.0 million) and adjusted EBITDA of approximately $1.7 million. The company expects a non-GAAP adjusted basic net loss per share of ($1.16) (+/- $0.05), assuming an average basic share count of 5.8 million.