Here are the 10-Q quarterly reports from Zapata Quantum Inc (ZPTA) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow ZPTA and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full ZPTA filings page.
Zapata Quantum, Inc. reported no revenue for the three and six months ended June 30, 2026, reflecting its early-stage, quantum software-focused business model. Operating expenses rose to $1.6 million in the quarter and $2.8 million year-to-date, driven by higher headcount, stock-based compensation and legal/IP costs, resulting in a quarterly net loss of $1.8 million and a six‑month net loss of $3.1 million, versus prior-year profits largely driven by one-time debt extinguishment gains.
Cash improved sharply after an April 2026 financing in which the company issued 15,000 Series D preferred shares (convertible into 34.2 million common shares) plus warrants for gross proceeds of $15.0 million and net proceeds of $13.8 million. Cash rose to $12.8 million and stockholders’ equity turned positive at $3.1 million, and management now expects existing cash to fund its operating plan for at least 12 months, while still anticipating continued losses. The company also reports multiple material weaknesses in internal controls and a large overhang of potentially dilutive securities.
Zapata Quantum, Inc. reported first-quarter 2026 results showing no revenue and a net loss of $1.3 million, similar to prior periods as the company rebuilds operations. Cash was $642 thousand at March 31, with a stockholders’ deficit of $9.4 million.
After quarter-end, Zapata raised $15 million in gross proceeds by issuing Series D preferred stock and warrants, receiving net cash of $13.8 million. Management now expects existing cash to fund the current operating plan for at least twelve months, though the company still carries high-interest debt and continues to generate operating losses with no current revenue.