Quantum Corporation (QMCO) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

Per the Roarable RQD rating, QMCO scores 32 out of 100 for a letter grade of E, labeled "Roarable Strong Sell — Forensic Risk / Avoid." The five pillars are: Fundamental Cash Engine at 4 / 20 (ROIC -35%; FCF yield -4.83%), Whale 13F Flow at 9 / 20 (institutional accumulation and options positioning), Insider Conviction at 3 / 20 (SEC Form 4 and Congressional PTR cluster flow), Macro Regime Fit at 8 / 20 (beta 1.0; sector sensitivity), and Forensic Balance Sheet at 8 / 20 (Altman Z 2.5; Piotroski F 3/9; Debt/Equity 0.5).

For a prospective investor, the weakest pillars are the ones tied to cash generation and insider behavior. The low Fundamental Cash Engine score reflects negative return on invested capital and negative free cash flow yield, meaning the business is currently not converting capital into cash returns. The low Insider Conviction score signals that insider and congressional flow in the source data does not provide a supportive conviction signal. The middle-range scores on institutional flow, macro fit, and balance sheet indicate that the stock has some positioning activity and a moderate-risk balance sheet, but not enough to offset the cash and insider weaknesses. Upside drivers would need to come from a reversal in cash generation, which the source data does not evidence. Valuation tradeoffs are difficult to assess because forward earnings metrics are unavailable. This rating is an analytical summary, not personalized financial advice.

Per the SEC financials, all three reported periods show operating and net losses, with FY 2025 revenue of $279.6M compared with $274.1M in FY 2024. Per the market data section, gross margin is 36.9%, operating margin is -8.8%, and net margin is -36.1%. Return on invested capital is -35%. Per the Roarable RQD rating, the Altman Z-Score is 2.5 and the Piotroski F-Score is 3/9, and Debt/Equity is 0.5. Taken together, these figures describe a company with persistent losses and weak cash conversion, with a balance sheet the source data characterizes as moderate-risk rather than distressed.

Per the recent news and catalysts section, six wire items reference QMCO, each from a financial news aggregator or outlet, all rated YELLOW and labeled MARKET WIRE. The headlines are generic stock-quote pages, a stock forecast from StockInvest.us, and a Simply Wall St analysis. Two items have headlines of substance: a TradingView piece asking whether the company can sustain cash flow amid supply shortages, and a Globe and Mail item reporting that Quantum appointed a new principal financial officer. The supply shortage reference is a headline only; the source data does not provide detail on the shortage. The leadership change is reported as a headline; the source data does not describe its context. No proprietary signals are present in the Butterfly graph. Risk watch items are the cash-flow question raised in the headline and the officer change.

• What products and customers generate the $279.6M of FY 2025 revenue, and how is the business model structured?
• What is the nature and scope of the supply shortages referenced in the TradingView headline, and how do they affect cash flow?
• What drove the FY 2025 net loss of $-101.0M, and what is the path to positive free cash flow?
• What are the EPS, debt levels, and cash balances for FY 2023 and FY 2024, given that these fields are N/A or unavailable?
• What is the context for the principal financial officer change reported by The Globe and Mail?