Zapata Quantum, Inc. (ZPTA) Form 10-Q — Aug 14, 2026
Zapata Quantum reported no revenue for the three and six months ended June 30, 2026, posting a Q2 net loss of $1.8 million versus prior-year net income of $2.7 million that had been inflated by one-time debt-extinguishment gains. The first-half 2026 net loss was $3.1 million with $2.7 million of operating cash burn, and the accumulated deficit stands at $121.7 million. An April 2026 sale of 15,000 Series D convertible preferred shares plus warrants on 17.1 million common shares raised $15.0 million gross and $13.8 million net, lifting cash to $12.8 million at June 30, 2026 and returning stockholders' equity to positive $3.1 million.
Key figures
- Eps
- -$0.01 (Q2 2026 basic and diluted); -$0.02 (H1 2026)
- Revenue
- 0
- Net Income
- -$1.8M Q2 2026 vs +$2.7M Q2 2025; -$3.1M H1 2026 vs +$1.9M H1 2025
- Total Debt
- 4537000
- Total Assets
- 13344000
- Cash Position
- 12771000
- Shares Outstanding
- 187328921
- Accumulated deficit
- 121705000
- Stockholders equity
- 3062000
- Warrants outstanding
- 85063587
- Cash as of aug 4 2026
- $12.1 million
- Series d net proceeds
- 13838000
- Series d dividend rate
- 8% cumulative
- Series d gross proceeds
- 15000000
- Prior year q2 net income
- 2700000
- Stock options outstanding
- 50843036
- Leak out shares authorized
- 309000000
- Anti dilutive shares excluded
- 258890188
- Senior secured notes maturity
- December 15, 2026
- Convertible notes effective rate
- 17.70%
- Fair value per share june 30 2026
- 1.27
- Series d min liquidation preference
- $16.75 million
AI analysis
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