QMCO (QMCO) financial statements
QMCO reported revenue of $280M in fiscal 2026, down 6.1% a year over 9 years.
Net income was -$101M and the operating margin -8.8%, against 1.4% in 2017.
Free cash flow was -$40M.
The diluted share count rose 643% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from QMCO's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $493M | $438M | $403M | $403M | $350M | $383M | $422M | $312M | $274M | $280M |
| Cost of revenue | $288M | $265M | $235M | $230M | $199M | $226M | $279M | $187M | $164M | $177M |
| Gross profit | $205M | $173M | $168M | $173M | $151M | $158M | $143M | $125M | $110M | $103M |
| Research and development | $44M | $39M | $32M | $36M | $42M | $52M | $45M | $38M | $31M | $24M |
| Selling, general and admin | $152M | $154M | $135M | $114M | $97M | $108M | $114M | $112M | $116M | $96M |
| Operating income | $7M | -$29M | -$5M | $21M | $8M | -$3M | -$17M | -$29M | -$42M | -$25M |
| Interest expense | $8M | $12M | $21M | $25M | $28M | $12M | $11M | $15M | $24M | $22M |
| Pre-tax income | -$752,000 | -$46M | -$40M | -$4M | -$35M | $40M | -$16M | -$41M | -$114M | -$100M |
| Income tax | $2M | -$3M | $2M | $803,000 | $239,000 | $1M | $2M | $711,000 | $821,000 | $1M |
| Net income | -$2M | -$43M | -$43M | -$5M | -$35M | $38M | -$18M | -$41M | -$115M | -$101M |
| EPS (diluted) | $2.20 | -$25.00 | -$24.00 | -$2.80 | -$16.60 | -$6.40 | -$5.60 | -$8.68 | -$22.35 | -$7.97 |
| Diluted shares | 2M | 2M | 2M | 2M | 2M | 3M | 5M | 5M | 5M | 13M |
| Gross margin | 41.6% | 39.5% | 41.6% | 42.8% | 43.1% | 41.1% | 33.9% | 40.1% | 40.1% | 36.9% |
| Operating margin | 1.4% | -6.5% | -1.2% | 5.3% | 2.4% | -0.8% | -4.0% | -9.3% | -15.2% | -8.8% |
| Net margin | -0.5% | -9.9% | -10.6% | -1.3% | -10.1% | 10.0% | -4.4% | -13.2% | -42.0% | -36.1% |
Balance sheet
Fiscal years, from QMCO's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $35M | $11M | $11M | $6M | $27M | $5M | $26M | $26M | $16M | $16M |
| Receivables | $102M | $96M | $87M | $70M | $73M | $69M | $72M | $68M | $53M | $70M |
| Inventory | — | — | — | — | — | — | — | — | $22M | $16M |
| Total current assets | $183M | $178M | $154M | $136M | $156M | $145M | $153M | $132M | $103M | $112M |
| Property, plant and equipment | $11M | $10M | $8M | $9M | $10M | $13M | $17M | $12M | $11M | $9M |
| Goodwill | — | — | — | $0 | $3M | $13M | $13M | $13M | $13M | $13M |
| Total assets | $221M | $203M | $173M | $166M | $195M | $202M | $214M | $188M | $155M | $157M |
| Total current liabilities | $238M | $207M | $178M | $158M | $159M | $177M | $158M | $250M | $258M | $206M |
| Long-term debt | $67M | $116M | $146M | $147M | — | $89M | $66M | $0 | — | — |
| Total liabilities | $361M | $376M | $373M | $365M | $307M | $345M | $298M | $309M | $320M | $356M |
| Shareholders' equity | -$139M | -$173M | -$200M | -$199M | -$200M | -$144M | -$84M | -$121M | -$164M | -$199M |
| Net debt | $54M | $113M | $136M | $148M | -$26M | $89M | $45M | $57M | $80M | $39M |
Cash flow
Fiscal years, from QMCO's 10-K filings with the SEC.
| Fiscal year | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $9M | -$5M | -$17M | -$1M | -$767,000 | -$34M | -$5M | -$10M | -$24M | -$38M |
| Capital spending | $2M | $3M | $3M | $3M | $7M | $6M | $13M | $6M | $5M | $2M |
| Free cash flow | $6M | -$8M | -$20M | -$4M | -$8M | -$40M | -$17M | -$16M | -$29M | -$40M |
| Stock-based compensation | $7M | $5M | $3M | $7M | $10M | $14M | $11M | $5M | $3M | -$849,000 |
| Net borrowing | $105M | — | — | — | — | — | — | — | — | — |
| Free cash flow margin | 1.3% | -1.7% | -4.9% | -0.9% | -2.2% | -10.4% | -4.1% | -5.1% | -10.4% | -14.2% |
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Open QMCO in InvestinglyQuestions
What was QMCO's revenue in 2026?
$280M in fiscal 2026, from its 10-K filing.
How much free cash flow does QMCO generate?
-$40M in fiscal 2026 (operating cash flow minus capital spending).
From QMCO's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.