Forensic Analysis · Industrials / Manufacturing / Defense · as of Jun 30, 2026
QUANTUM CORP /DE/ (QMCO)
A forensic read on QUANTUM CORP /DE/ built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.
D · Weak — demands caution
Forensic grade
Distress
Financial health
-27.2
Altman Z-score
Clean
Earnings quality
2
Forensic signals
-15.5%
ROE
$467M
Market cap
QUANTUM CORP /DE/ earns a D (Weak — demands caution) forensic quality grade, and its Altman Z-score is -27.2, placing it in the Distress zone. 2 forensic signals were flagged in its latest SEC filings, led by receivables vs revenue.
What the filings flag
91d DSOReceivables vs revenue.Days sales outstanding moved from 70 to 91 days FY2025→FY2026 (receivables +33% vs revenue +2%). Receivables are outrunning sales — a flag for aggressive revenue recognition or slipping collections.
-81%Return on invested capital.Return on invested capital is -81% and slipping from 194% — well below its ~9% cost of capital, so reinvested dollars may be destroying value, not building it.
Key fundamentals
Net Margin-36.1%
Free Cash Flow$-39.6M
Latest Revenue$279.6M
Revenue Growth YoY+2.0%
Go deeper — free with an account
The forensic grade and screens above are free — no account needed. An account adds the full interactive deep-dive on QUANTUM CORP /DE/:
🔒The written investment read — what the numbers mean, in plain English
🔒Ask anything about QMCO's filings — AI Q&A across the 10-K, 10-Qs & 8-Ks
🔒Interactive valuation — reverse-DCF sliders, Monte Carlo & scenario stress
🔒Calibrated 12-month price forecast, with the math shown