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ZAPT

Zapata Quantum, Inc.
2 filings tracked
technologycloud computingMICRO (<$300M)

Company Intelligence Hub

Filing history, signal momentum, and bull/bear evolution

Chronological Filing Evolution (Click to filter / toggle)

Thesis (Bull Case Evolution)

Zapata Quantum has reached a pivotal turning point following a strategic realignment and a critical capital infusion.…

Bullish Outlook

Antithesis (Bear Case / Structural Risks)

Despite the recent capital raise, Zapata Quantum remains a high-risk venture characterized by a complete absence of revenue and a precarious financial foundation.…

Risk Factors

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Synthesis (Verdict & Resolution)

The Q1 2026 filing presents a stark contrast between a stabilized balance sheet and a non-existent revenue stream. While the $15 million Series D offering provides the necessary oxygen for the company to continue operations, it does not solve the fundamental challenge of achieving product-market fit. The company is effectively betting its remaining runway on the ability to convert its intellectual property and DARPA-backed research into recurring subscription revenue. Ultimately, the impact of this filing is a shift in the risk profile from 'imminent bankruptcy' to 'execution risk.' The immediate threat of insolvency has receded, but the path to profitability remains speculative. Investors must now weigh the potential of a first-mover advantage in quantum software against the reality of extreme dilution and a history of operational volatility.

Selected Quarter

Core Takeaway

The company has moved from a state of imminent insolvency to a period of execution risk, though it still lacks a revenue-generating product.

Investor Lens

The trade-off is between the asymmetric upside of a quantum software breakthrough and the high probability of extreme equity dilution.

Watch Next

First evidence of subscription revenue or new commercial contracts in the next 10-Q.

View Full SEC Report

Signal Momentum Chart

Quarterly net bull/bear signal ratio. Click nodes to select a quarter.

BULLISH (+1.0)NEUTRAL (0.0)BEARISH (-1.0)-0.36Q2 '26 (10-Q)

Signal Timeline

Active Filters:Quarter: Q2 '26 (10-Q)
bullishMay 15

Raised $15M via Series D preferred stock to extend runway by 12 months.

capital raise
90%
bearishMay 15

Reported zero revenue for the quarter with a net loss of $1.31M.

earnings miss
80%
bearishMay 15

Operating expenses increased YoY while revenue remained stagnant at zero.

margin compression
60%
bearishMay 15

Significant overhang from warrants, stock options, and convertible preferred shares.

dilution risk
95%
bullishMay 15

Raised $15M via Series D preferred stock to extend runway by 12 months.

capital raise
90%
bearishMay 15

Reported zero revenue for the quarter with a net loss of $1.31M.

earnings miss
80%
bearishMay 15

Operating expenses increased YoY while revenue remained stagnant at zero.

margin compression
60%
bearishMay 15

Significant overhang from warrants, stock options, and convertible preferred shares.

dilution risk
95%

Filing History

10-QMay 15, 2026
Expand Sequence

The Q1 2026 filing presents a stark contrast between a stabilized balance sheet and a non-existent revenue stream. While the $15 million Series D offering provides the necessary oxygen for the company to continue operations, it does not solve the fundamental challenge of achieving product-market fit. The company is effectively betting its remaining runway on the ability to convert its intellectual property and DARPA-backed research into recurring subscription revenue. Ultimately, the impact of this filing is a shift in the risk profile from 'imminent bankruptcy' to 'execution risk.' The immediate threat of insolvency has receded, but the path to profitability remains speculative. Investors must now weigh the potential of a first-mover advantage in quantum software against the reality of extreme dilution and a history of operational volatility.

Disclaimer: The synthesis provided is generated by AI models and should not be construed as investment advice. Analysis is based solely on regulatory data present at the time of publication. Consult a financial advisor for specific investment strategies.