Zapata Quantum (ZPTA) Q2 2026 earnings summary

Executive summary

• The company completed a strategic realignment in 2025, focusing on quantum and hybrid quantum-classical computing software and services, with a robust IP portfolio and partnerships with Fortune 500 firms and government agencies.

• Operations were temporarily suspended in late 2024 due to liquidity constraints, but resumed in 2025 after debt restructuring and capital raising, including the issuance of convertible notes and equity.

Financial highlights

• No revenue was generated in the three or six months ended June 30, 2026, or the comparable periods in 2025.

• Net loss for Q2 2026 was $1.8 million, compared to net income of $2.7 million in Q2 2025; net loss for the six months ended June 30, 2026 was $3.1 million, compared to net income of $1.9 million in the prior year period.

• Operating expenses increased to $1.6 million in Q2 2026 from $0.6 million in Q2 2025, driven by higher compensation and stock-based compensation.

• Other expense, net, was $0.2 million in Q2 2026, compared to $3.3 million in other income in Q2 2025, reflecting the absence of prior year gains on extinguishment of liabilities.

• Cash used in operations was $2.7 million for the six months ended June 30, 2026; cash balance at June 30, 2026 was $12.8 million.

Outlook and guidance

• Management expects continued operating losses and negative cash flows as the company expands its market presence.

• Existing cash is expected to fund operations for at least twelve months from the issuance date.