Zapata Quantum (ZPTA) Q1 2026 earnings summary

Executive summary

• No revenue was generated for the three months ended March 31, 2026, or the prior year period, as the company continues to focus on quantum software solutions following a strategic realignment in 2025.

• Net loss increased to $1.3 million for Q1 2026 from $0.8 million in Q1 2025, reflecting higher operating expenses as operations resumed and scaled.

• In April 2026, $15 million in Series D preferred stock and warrants were issued, providing $13.8 million in net proceeds for working capital and general corporate purposes.

Financial highlights

• Net loss for Q1 2026 was $1.3 million, up 70% year-over-year from $0.8 million.

• Operating expenses rose to $1.2 million from $0.7 million, driven by increased sales, marketing, R&D, and G&A costs.

• Cash balance at March 31, 2026, was $642,000, down from $1.7 million at year-end 2025.

• Stockholders’ deficit widened to $9.4 million from $8.3 million at December 31, 2025.

Outlook and guidance

• Management expects existing cash, including proceeds from the April 2026 financing, to fund operations for at least twelve months from the financial statement issuance date.

• The company anticipates continued losses and negative cash flows as it expands its quantum computing application development market presence.