Zapata Quantum (ZPTA) investor relations material

Executive summary

• Q3 2026 revenue was $0; operating expenses of $2.777 million drove an operating loss of $2.777 million and net loss of $2.895 million.

• Nine-month net loss was $6.040 million, with $4.484 million used in operating activities; September 30 cash was $11.244 million.

• Reestablished operations remain focused on quantum and hybrid quantum-classical software, tooling, subscriptions, and related services following the 2025 strategic realignment.

Financial highlights

• Revenue was $0 in both Q3 2026 and Q3 2025, and in the nine-month periods ended September 30, 2026 and 2025.

• Q3 operating expenses rose to $2.777 million from $1.029 million YoY; nine-month expenses increased to $5.601 million from $2.293 million.

• Q3 net loss was $2.895 million vs. net income of $3.265 million YoY; nine-month net loss was $6.040 million vs. net income of $5.195 million.

• Prior-year nine-month results included $5.614 million gain on extinguishment of liabilities and $2.357 million gain on settlement of a forward purchase agreement.

Outlook and guidance

• Existing cash was expected to fund the current operating plan for at least 12 months from the financial statements’ issuance date; cash and cash equivalents were $10.459 million on October 30, 2026.

• Continued losses and negative operating cash flows are expected as operations expand in the quantum-computing application development market.

• Long-term success depends on scaling and marketing solutions, increasing revenue, meeting obligations, raising capital when needed, and achieving profitability.