top five customers
“10-K Item 1: 'Sales to our top five customers represented 27% and 21% of revenue in fiscal 2026 and fiscal 2025, respectively'”
Updated
The most significant concentration Quantum discloses is top five customers at 27%, classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
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Source: Quantum’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
“10-K Item 1: 'Sales to our top five customers represented 27% and 21% of revenue in fiscal 2026 and fiscal 2025, respectively'”
“10-K Item 1: 'one customer represented more than 10% of total fiscal 2026 revenue'”
Quantum's disclosed concentration is customer-driven and trending up. The top five customers represented 27% of revenue in fiscal 2026, up from 21% in fiscal 2025 — a medium-share exposure and a dependency-type risk since it reflects reliance on a handful of buying relationships rather than a structural feature of the business. Within that group, one customer individually represented more than 10% of total fiscal 2026 revenue, a low-share exposure on its own but notable as the single largest counterparty called out in the filing. There is no disclosed geographic, supplier, or product concentration alongside these customer figures, so the risk profile here is narrow: the trend of rising top-five concentration is the more relevant signal for investors than the individual customer's share, since it suggests Quantum's revenue base is consolidating around fewer buyers rather than broadening.
For the engine’s reasoning on QMCO’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| CRCT | Cricut, Inc. | 2 | 1 | 0 | 3 |
| ANET | Arista Networks, Inc. | 0 | 2 | 1 | 3 |
| CRSR | Corsair Gaming, Inc. | 0 | 2 | 0 | 2 |
| QMCO● | Quantum Corporation | 0 | 1 | 1 | 2 |
| DDD | 3D Systems Corporation | 0 | 0 | 0 | 0 |
| DELL | Dell Technologies Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.