Mar 19, 2025

Qumulo Inc ., the leading provider of cloud data platforms, today announced back-to-back quarters of record bookings and growth. Additionally, in the most recent quarter Qumulo delivered profitable net operating income fueled by new product adoption and significant expansion of its cloud product portfolio and client base. “In our last two quarters Qumulo delivered record-breaking results measured by bookings, ACV, and gross margin generating over seven percent net operating income," said Qumulo President and CEO Douglas Gourlay. “We must strategically balance growth and profitability to maximize shareholder value, enabling sustained R&D investment for innovative products that align with our clients' top priorities while ensuring we continue to set the standard for customer support in our industry.” Key Highlights: Qumulo serves over 1,100 diverse customers worldwide across a variety of key industry verticals, including Media and Entertainment, Energy Exploration and Delivery, Gaming and Sports, Automotive and Self Driving, Semiconductor Development, Healthcare and Life Sciences, and Financial Services. Qumulo partnered with HPE and the Olivia Newton-John Cancer Research Institute to transform ONJCRI's operations to enhance capacity and performance of their infrastructure to support cutting-edge cancer research, accelerated treatment breakthroughs, and improvement in patient outcomes. Cloud Native Qumulo , launched in October 2025 on both AWS and Azure, has experienced remarkable customer adoption, delivering 485 percent year-over-year increase in cloud storage consumption. With 165 customers and tens of petabytes of data onboarded in less than six months, CNQ has contributed significant incremental and accelerating revenue growth. Cloud Native Qumulo achieved over 1TBps throughput and over one million IOPS on both AWS and Azure using standard Network File System clients, demonstrating elasticity in both network I/O performance and in dynamic storage capacity scaling. With an industry-leading 80+ NPS score and 142 5-out-of-5 ratings in the recent Gartner Peer Review Qumulo's Zero- Latency support offering has defined the modern customer support experience enabling direct access to engineers to resolve questions quickly and efficiently. The Qumulo partner ecosystem expanded to extend technology capabilities and create new channels into key market verticals. New partnerships include MASV Superna FilmLight and Elements in Music & Entertainment, and Carahsoft , a leading government partner and distributor. Qumulo Cloud Data Fabric has shown 2X - 3X faster application performance compared to other solutions across high-value enterprise AI and critical workloads including exploratory geophysics, space exploration, autonomous driving, medical research on cancer and neural diseases, motion picture development, counter-terrorism, and wildfire modeling. “Qumulo's exceptional financial performance, accelerated growth, and the broad availability of our robust cloud product are driving unprecedented momentum,” said Qumulo Executive Vice President and Chief Operating Officer Michelle Palleschi. “Achieving both GAAP and non-GAAP net operating income, a rare feat for a growth-stage business, demonstrates our unwavering commitment to sound financial management and product innovation aligned with customer priorities. We are empowering enterprises to unlock the full potential of their data and fuel their agentic AI initiatives, maximizing business value.” About Qumulo Qumulo is the only seven-time Leader in the Gartner Magic Quadrant for Distributed File and Object Storage and the foremost provider of cloud data platforms. With exabytes under management and more than 1,000 production customers, Qumulo is trusted by Fortune 500 companies and global enterprises to manage, store, curate, and protect their data, unlocking new possibilities and driving innovation across diverse industries. For more information, visit www.qumulo.com View source version on businesswire.com: https://www.businesswire.com/news/home/20250319977392/en/ Qumulo delivered profitable net operating income fueled by new product adoption and significant expansion of its cloud product portfolio and client base. Contacts For more information contact: Robert Berger Qumulo Communications bberger@qumulo.com