| Figure | FY 2022 | FY 2023 | FY 2024 | FY 2025 | FY 2026 |
|---|---|---|---|---|---|
| Revenue | $383.4M1 | $422.1M1 | $311.6M2 | $274.1M3 | $279.6M3 |
| Net income | $38.4M4 | −$18.4M4 | −$41.3M5 | −$115.1M6 | −$101M6 |
| Operating cash flow | −$33.7M7 | −$4.89M7 | −$10.2M8 | −$23.6M9 | −$37.9M9 |
| Capital expenditure | $6.32M10 | $12.6M10 | $5.87M11 | $4.95M12 | $1.71M12 |
| Free cash flow (derived) | −$40M7,10 | −$17.5M7,10 | −$16M8,11 | −$28.6M9,12 | −$39.6M9,12 |
| Total debt | $107.2M13 | $83.1M13 | $82.5M14,15 | $96.5M16 | $90M17 |
| Cash & equivalents | $5.21M18 | $26M18 | $25.7M19 | $16.5M20 | $15.6M20 |
| Diluted shares | 66.0M | 91.2M | 4.8M | 5.2M | 12.7M |
Superscripts are receipts. Each links to the SEC filing the number came from (full list at the bottom). A derived or summed figure cites every filing line it was built from.
10 shares is a claim on −$156.9 of net worth that earned you −$79.73 and generated −$31.22 of cash last year, against $71.04 of debt.
Not enough data in the filings for a return-on-capital reading.
seeing a moat in the numbers →Share count is down 81% over 5 years — management has been buying back stock, quietly handing owners a bigger slice. Total debt has fallen 16% — deleveraging.
reading capital allocation →Signals, not verdicts — read from the filings above. Numbers don’t prove a moat; they show its footprint. You decide.
Different models answer different questions — which to trust when →
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Connect the MeritValue MCP server to Claude or another MCP client, ask about QUANTUM CORP /DE/, and get these exact figures with their filing receipts — not an improvised DCF.
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MeritValue on the App Store →- 10-K filed 2024-06-28 · periods ending 2022-03-31, 2023-03-31 · accession 0000709283-24-000014 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K filed 2025-08-26 · period ending 2024-03-31 · accession 0000709283-25-000027 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K filed 2026-06-25 · periods ending 2025-03-31, 2026-03-31 · accession 0001628280-26-045602 (RevenueFromContractWithCustomerExcludingAssessedTax)
- 10-K filed 2024-06-28 · periods ending 2022-03-31, 2023-03-31 · accession 0000709283-24-000014 (NetIncomeLoss)
- 10-K filed 2025-08-26 · period ending 2024-03-31 · accession 0000709283-25-000027 (NetIncomeLoss)
- 10-K filed 2026-06-25 · periods ending 2025-03-31, 2026-03-31 · accession 0001628280-26-045602 (NetIncomeLoss)
- 10-K filed 2024-06-28 · periods ending 2022-03-31, 2023-03-31 · accession 0000709283-24-000014 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2025-08-26 · period ending 2024-03-31 · accession 0000709283-25-000027 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2026-06-25 · periods ending 2025-03-31, 2026-03-31 · accession 0001628280-26-045602 (NetCashProvidedByUsedInOperatingActivities)
- 10-K filed 2024-06-28 · periods ending 2022-03-31, 2023-03-31 · accession 0000709283-24-000014 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K filed 2025-08-26 · period ending 2024-03-31 · accession 0000709283-25-000027 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K filed 2026-06-25 · periods ending 2025-03-31, 2026-03-31 · accession 0001628280-26-045602 (PaymentsToAcquirePropertyPlantAndEquipment)
- 10-K filed 2024-06-28 · periods ending 2022-03-31, 2023-03-31 · accession 0000709283-24-000014 (LongTermDebt)
- 10-K filed 2024-06-28 · period ending 2024-03-31 · accession 0000709283-24-000014 (LongTermDebtNoncurrent)
- 10-K filed 2024-06-28 · period ending 2024-03-31 · accession 0000709283-24-000014 (LongTermDebtCurrent)
- 10-K filed 2026-06-25 · period ending 2025-03-31 · accession 0001628280-26-045602 (LongTermDebtCurrent)
- 10-K filed 2026-06-25 · period ending 2026-03-31 · accession 0001628280-26-045602 (LongTermDebt)
- 10-K filed 2024-06-28 · periods ending 2022-03-31, 2023-03-31 · accession 0000709283-24-000014 (CashAndCashEquivalentsAtCarryingValue)
- 10-K filed 2025-08-26 · period ending 2024-03-31 · accession 0000709283-25-000027 (CashAndCashEquivalentsAtCarryingValue)
- 10-K filed 2026-06-25 · periods ending 2025-03-31, 2026-03-31 · accession 0001628280-26-045602 (CashAndCashEquivalentsAtCarryingValue)