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ZPTA on OTC

Zapata Quantum, Inc.

Zapata Quantum, Inc. is an American prepackaged software services company based in Boston.1 Its shares trade on OTC under the symbol ZPTA.1

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Last updated Oct 21, 2026.

Overview

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  • TickerZPTA on OTC1
  • IndustryServices-Prepackaged Software1
  • HeadquartersBoston, Massachusetts1
  • Incorporated inDE2
  • Business address6 Liberty Square, #2488, Boston, Ma 021092
  • Filer category, Emerging growth company2
  • Legal formCorporation

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Zapata resulting in Legacy Zapata becoming a wholly owned subsidiary of the Company.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2024

16.4%Gross margin4
-594.6%Operating margin4
-984.1%Net margin4
-31.8%Revenue growth, 20244
-$18.1MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2024

  • Cost of revenue37¢$3.2M
  • Research and development51¢$4.4M
  • Interest11¢$962.0K
  • Income tax0¢$20.0K

Out of $3.9M in revenue.4 The company lost money this year.

Financial statements

Revenue54$3.9M in 2024−32% since 2023
0$2.0M$4.0M$6.0M2023: $5.7M$5.7M20232024: $3.9M$3.9M2024−32%
Gross profit54$635.0K in 2024−42% since 2023
0$500.0K$1.0M$1.5M2023: $1.1M$1.1M20232024: $635.0K$635.0K2024−42%
Operating income6754-$23.0M in 2024+212090% since 2021
-$30.0M-$20.0M-$10.0M02021: -$10.9K-$10.9K20212022: -$1.5M-$1.5M2022+13798%2023: -$18.1M-$18.1M2023+1100%2024: -$23.0M-$23.0M2024+27%
Net income6754-$38.1M in 2024+351092% since 2021
-$40.0M-$20.0M0$20.0M2021: -$10.9K-$10.9K20212022: $1.9M$1.9M20222023: -$29.7M-$29.7M20232024: -$38.1M-$38.1M2024+28%

Every line of the income statement as filed: the last 2 fiscal years, latest first.4

Period ending2025-12-312024-12-31
Cost of revenue$3.2M
Gross profit$635.0K
Research and development$252.0K$4.4M
General and administrative$2.9M$12.1M
Total operating expenses$3.4M$23.7M
Loss from operations-$3.4M-$23.0M
Interest expense-$513.0K-$962.0K
Loss on issuance of forward purchase agreement derivative liability-$4.9M
Change in fair value of forward purchase agreement derivative liability$2.5M
Loss on issuance of senior secured notes-$9.8M
Loss on extinguishment of senior secured notes-$134.0K
Gain on extinguishment of forward purchase agreement settlement liability$2.4M
Gain on extinguishment of liabilities ($2,610 and $0 from related parties, respectively)$9.1M
Gain on forbearance agreement$1.9M
Other income (expense), net$48.0K-$1.9M
Total other income (expense), net$12.8M-$15.1M
Net income (loss) before income taxes$9.3M-$38.1M
Provision for income taxes-$20.0K
Net income (loss)$9.3M-$38.1M
Net income (loss) per share attributable to Common Stockholders, basic$0.09-$1.30
Net income (loss) per share attributable to Common Stockholders, diluted$0.04-$1.30
Weighted-average common shares outstanding, basic101.9M shares29.4M shares
Weighted-average common shares outstanding, diluted227.4M shares29.4M shares
Foreign currency translation adjustment-$53.0K-$60.0K
Comprehensive income (loss)$9.3M-$38.2M
Revenue$3.9M
Sales and marketing$267.0K$7.1M

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Corporate structure

Zapata Quantum, Inc. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Zapata Quantum, Inc.

  • Clark Golestani Filed SCHEDULE 13D/A on Zapata Quantum, Inc., latest May 4, 2026 (3 filings since Aug 21, 2025)
  • Sumit Kapur Filed SCHEDULE 13D/A on Zapata Quantum, Inc., latest May 4, 2026 (3 filings since Aug 21, 2025)
  • Andretti Autosport Holding Company, LLC Filed SCHEDULE 13G on Zapata Quantum, Inc., latest Dec 5, 2025
  • GLAZER CAPITAL, LLC Filed SC 13G/A on Zapata Quantum, Inc., latest Nov 14, 2024 (2 filings since Feb 14, 2024)
  • Walleye Capital LLC Filed SC 13G/A on Zapata Quantum, Inc., latest Nov 13, 2024 (2 filings since Feb 14, 2024)
  • Hudson Bay Capital Management LP Filed SC 13G/A on Zapata Quantum, Inc., latest Nov 8, 2024 (2 filings since Feb 6, 2024)
  • Prelude Fund, LP Filed SC 13G/A on Zapata Quantum, Inc., latest Oct 4, 2024 (2 filings since Apr 5, 2024)
  • Comcast Filed SC 13G/A on Zapata Quantum, Inc., latest Aug 22, 2024 (2 filings since Apr 1, 2024)
  • BANK OF NOVA SCOTIA Filed SC 13G/A on Zapata Quantum, Inc., latest Jul 30, 2024 (3 filings since Dec 26, 2023)
  • Mario Andretti Filed SC 13G on Zapata Quantum, Inc., latest Jul 25, 2024
  • Michael Andretti Filed SC 13G on Zapata Quantum, Inc., latest Jul 25, 2024
  • William J. Sandbrook Filed SC 13G on Zapata Quantum, Inc., latest Jul 25, 2024
  • Zapata Quantum, Inc. Boston, Massachusetts

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Zapata Quantum, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$4.0K5 Dec 31, 2024$784.0K5 Dec 31, 2023−99.5%
Accumulated depreciation$4.0K5 Dec 31, 2024$628.0K5 Dec 31, 2023−99.4%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$04 Dec 31, 2025$38.0K4 Dec 31, 2024−100.0%

Properties, in its own words

We do not own or lease any real property since all of our employees work remotely.

Item 2 of the 10-K filed Mar 31, 2026.3

Leadership

Who has led Zapata Quantum, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Christopher Savoie2024
  2. Sumit Kapur2025–now

President

  1. Christopher Savoie2024

Chief financial officer

  1. Mimi Flanagan2024
  2. Sumit Kapur2024–now
2025
Board members and other officers (16)

Named in SEC Form D filings

People the company listed in its private-offering notices.

  • DirectorWilliam Brown named Apr 12, 202425

Former names

  • Zapata Computing Holdings Inc.Mar 28, 2024 to Aug 22, 20252
  • Andretti Acquisition Corp.Feb 12, 2021 to Mar 28, 20242

Timeline

  1. Oct 13, 20268-K Shareholder vote26
  2. Oct 6, 20268-K Regulation FD disclosure27
  3. Sep 23, 20268-K Regulation FD disclosure28
  4. Sep 15, 20268-K Regulation FD disclosure29
  5. Aug 12, 20268-K Regulation FD disclosure30
  6. Aug 5, 20268-K Entered a material agreement31
  7. Jul 9, 20268-K Regulation FD disclosure32
  8. Jul 7, 20268-K Unregistered sale of shares33
  9. Apr 24, 20268-K Unregistered sale of shares34
  10. Apr 24, 20268-K Unregistered sale of shares35
  11. Apr 15, 20268-K Unregistered sale of shares36
  12. Apr 8, 20268-K Entered a material agreement; Unregistered sale of shares; Bylaws or fiscal year changed37
  13. Oct 10, 2025New chief executive Sumit Kapur becomes CEO10
  14. Apr 1, 2024New chief executive Christopher Savoie becomes CEO11

Calendar

When it reported results

  1. Aug 14, 2024Reported quarterly or annual results38
  2. May 15, 2024Reported quarterly or annual results39

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

269 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 56 major events, 49 insider forms, 44 large holders, 4 private raises, 97 other. The latest 20:

  1. Oct 13, 20268-K EDGAR
  2. Oct 6, 20268-K EDGAR
  3. Sep 23, 20268-K CURRENT REPORT EDGAR
  4. Sep 15, 20268-K CURRENT REPORT EDGAR
  5. Sep 14, 2026DEF 14A EDGAR
  6. Sep 4, 2026PRE 14A PRELIMINARY PROXY STATEMENT EDGAR
  7. Aug 14, 2026424B3 EDGAR
  8. Aug 14, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
  9. Aug 12, 20268-K EDGAR
  10. Aug 11, 2026424B3 EDGAR
  11. Aug 10, 2026EFFECT EDGAR
  12. Aug 5, 20268-K EDGAR
  13. Jul 9, 20268-K CURRENT REPORT EDGAR
  14. Jul 9, 2026S-1/A AMENDMENT NO 1 EDGAR
  15. Jul 7, 20268-K CURRENT REPORT EDGAR
  16. Jun 5, 2026S-1 EDGAR
  17. May 15, 202610-Q EDGAR
  18. May 7, 20263/A EDGAR
  19. May 7, 20263/A EDGAR
  20. May 7, 20263/A EDGAR

The 269 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Sumit Kapur50$350.0K$926.4K63
2024Chief Executive Officer$309.2K$826.4K63

Money raised

Private offerings the company reported to the SEC on Form D.

  1. Apr 7, 2026Raised $13.2 million in a private offering of equity Form D: $15 million offered in all Form D
  2. Jun 12, 2025Raised $3 million in a private offering of debt Form D: 31 investors so far Form D
  3. Jun 12, 2025Raised $10.1 million in a private offering of equity Form D: $17 million offered in all Form D
  4. Mar 28, 2024Raised $14.7 million in a private offering of equity Form D: 28 investors so far Form D

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Wealthspire Advisors, LLC25,000$31.8K0.0%New

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Zapata Quantum, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARZapata Quantum, Inc.1
  • CIK0001843714
  • Employer ID (EIN)98-15783733
  • Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; not a shell company3
  • Incorporated inDelaware3
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business address6 Liberty Square, #2488, Boston, MA 021091
  • Phone857-367-90021
  • Shares outstanding187,328,921 as of Aug 3, 20268
  • Public float$906.0K as of Jun 30, 20253
  • AuditorWeinberg & Company, P.A., Los Angeles, CA PCAOB ID 572; no auditor attestation of internal control over financial reporting3
  • On EDGAR sinceFeb 12, 20211
  • Filings274 in all: 8-K (56), 4 (27), SC 13G (20), 3 (18), 424B3 (18), SC 13G/A (17), 10-Q (14), CORRESP (13)1
    All 37 form types

    425 (12), UPLOAD (10), EFFECT (9), 10-K (5), S-1 (5), S-1/A (5), S-4/A (5), D (4), SCHEDULE 13D/A (4), 3/A (3), DEF 14A (3), DEFA14A (3), POS AM (3), 8-A12B (2), CERT (2), PRE 14A (2), SCHEDULE 13D (2), 25 (1), 25-NSE (1), 424B4 (1), 5 (1), 8-A12G (1), DEL AM (1), DRS (1), DRSLTR (1), S-4 (1), S-8 (1), S-8 POS (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Mar 31, 2026
    Quarterly report (10-Q) Aug 14, 2026
    Proxy statement (DEF 14A) Sep 14, 2026
    Latest 8-K (8-K) Oct 13, 2026

Risk factors and legal proceedings

The risks Zapata Quantum, Inc. names in Item 1A of its 10-K filed Mar 31, 2026: 56 risks under these headings, as written.3

  • Risks Related to our Financial Condition and Status as an Early Stage Company
  • Risks Related to our Business and Industry
  • Risks Related to Competition
  • Risks Related to Intellectual Property
  • Risks Related to Government Regulation and Litigation
  • Risks Outside Our Specific Business
  • Risks Related to Zapata’s Financial Condition and Status as an early-stage Company
  • We will need additional capital to continue as a going concern, implement our business plan or respond to business opportunities or unforeseen circumstances and such financing may not be available.
  • We have a history of operating losses, which are expected to continue for the foreseeable future.
  • We are an early stage company with a limited operating history, in a nascent industry, making it difficult to forecast future results.
  • We may not be able to scale our business and quantum computing application development solutions quickly enough to meet customer and market demand and to remain competitive in the market for quantum computing application development solutions.
  • Our assets are pledged to the holders of the Secured Notes and failure to repay obligations to these noteholders when due, or any other default events, will have a material adverse effect on our business and could result in foreclosure on these assets.
The other 51 risks
  • If we fail to maintain an effective system of disclosure controls and internal control over financial reporting, our ability to produce timely and accurate financial statements or comply with applicable regulations could be impaired.
  • We have identified material weaknesses in our internal control over financial reporting. If we are unable to remediate these weaknesses, identify additional material weaknesses in the future, or otherwise fail to maintain an effective system of internal control over financial reporting, this may result in misstatements in our financial statements, cause us to fail to meet periodic reporting obligations, or cause our access to capital markets to be impaired.
  • Our ability to use existing or future net operating loss carryforwards and other tax attributes may be limited.
  • Failure of quantum computing solutions in general and our quantum computing application development solutions in particular to satisfy customer demands or to achieve increased market acceptance would adversely affect our business, results of operations, financial condition, and growth prospects, and the current state of the quantum computing industry is still new and rapidly evolving, so there is no guarantee that it will succeed.
  • Our business plan could suffer if we are not able to establish and grow contractual relationships with third parties or enter into certain important strategic partnerships, and if we are unable to ensure that our quantum computing application development solutions interoperate with computing hardware or software that are developed by others, we may become less competitive and our resulting operations may be harmed.
  • Our business plan could suffer if we are not able to enter into important strategic partnerships.
  • If we cannot manage our growth effectively, we may not become profitable.
  • We are and will be highly dependent on our key employees and personnel.
  • The failure to attract and retain additional qualified personnel or to maintain our company culture could harm our business and prevent us from executing our business strategy.
  • Our business is dependent on growing and retaining competitive teams of sufficient size in the areas of algorithm development, product development, and software engineering; the failure to achieve any one of these objectives could materially affect our business.
  • Our estimate of market opportunities may prove to be inaccurate.
  • Our business depends on our ability to attract customers and on such future customers purchasing additional subscriptions from us and/or renewing their existing subscriptions.
  • Our current quantum computing application development solutions, as well as applications, features, and functionality that we may introduce in the future or that we offer but have not yet sold, may not be widely accepted by our customers or may receive negative attention, each of which may lower our margins and harm our business.
  • If the market for our quantum computing application development solutions fails to develop or grow as we expect, or if businesses fail to adopt our quantum computing application development solutions, our business, operating results, and financial condition could be adversely affected.
  • Our business plan relies upon the adoption of our quantum computing application development solutions by enterprise customers.
  • Our sales cycles are expected to be long and unpredictable, and our sales efforts will require considerable time and expense.
  • If we fail to respond to rapid technological changes, extend our quantum computing application development solutions, or develop new features and functionality, our ability to remain competitive could be impaired.
  • Our business could be negatively impacted by delays in development of our software platform.
  • Any failure to offer high-quality support services for our customers may harm our relationships with our customers and, consequently, our business.
  • Sales to government entities and highly regulated organizations are subject to a number of challenges and risks.
  • Our success could be materially affected by problems with or defects in the Orquestra platform or our other software offerings.
  • The pursuit of inorganic growth opportunities could result in harm to our business.
  • Competitors may develop products and technologies that are superior to our quantum computing application development solutions.
  • The quantum computing industry is highly competitive and we may not be successful in establishing ourselves as a viable competitor without regard to the value of our quantum computing application development solutions.
  • Our business plan depends, in part, on access to public clouds computing through major cloud providers and there is no guarantee that access will be available on reasonable terms.
  • Our business plan depends, in part, on access to quantum processing units (QPUs), high-performance classical compute resources, and other specialized hardware either directly through the purchase of computing hardware and installation in data centers, or through third party providers. There is no guarantee that access through either path will be available on reasonable terms, or at all.
  • Our patent applications may not result in issued patents or our patent rights may be contested, circumvented, invalidated or limited in scope, any of which could have a material adverse effect on our ability to prevent others from interfering with our commercialization of our products.
  • There is no guarantee that our IP will provide the desired competitive advantage.
  • We may face patent infringement and other intellectual property claims that could be costly to defend, result in injunctions and significant damage awards or other costs (including indemnification of third parties or costly licensing arrangements (if licenses are available at all)) and limit our ability to use certain key technologies in the future or require development of non-infringing products, services, or technologies, which could result in a significant expenditure and otherwise harm our business.
  • Our use of third-party open source software could negatively affect our ability to offer and sell subscriptions to our quantum computing application development solutions and subject us to possible litigation.
  • Because of the characteristics of open source software, there may be fewer technology barriers to entry by new competitors and it may be relatively easy for new and existing competitors with greater resources than we have to compete with us.
  • If we fail to comply with United States and foreign laws related to privacy, data security, and data protection, it could adversely affect our operating results and financial condition.
  • Compliance with data use, privacy, and security laws will be an inherent feature in our product design and a change in those laws could negatively affect the value of our quantum computing application development solutions.
  • We are subject to U.S. and foreign anti-corruption, anti-bribery, and similar laws, the violation of which can lead to substantial harm to our business.
  • To the extent we have customers outside the United States, we may be subject to increased business and economic risks that could harm our business.
  • Our business relies on computer systems which are vulnerable to attack and/or failure.
  • Widespread damage to the U.S. or global economy and/or our industry would likely adversely affect our business.
  • Risks Relating to Ownership of our Common Stock
  • Because of the number of shares of Common Stock issuable upon conversion and exercise of outstanding securities, holders of our Common Stock will experience substantial future dilution and downward price pressure on our Common Stock.
  • The market price of our shares of Common Stock is subject to volatility.
  • There is currently a limited trading market for the Company’s Common Stock.
  • Our Common Stock is a “penny stock” and thereby be subject to additional sale and trading regulations that may depress the price of our Common Stock.
  • As a former shell company, we face certain disadvantages relative to other companies, including ineligibility for certain forms and rules for extended periods.
  • We may be unable to successfully uplist to a national securities exchange within a reasonable period of time or at all, in which event investors’ ability to sell shares of our Common Stock will be materially hindered.
  • If securities analysts do not publish research or reports about our business or if they publish negative evaluations of our Common Stock, the market price and trading volume of our Common Stock could decline.
  • Our Board may authorize and issue shares of new series of preferred stock that could be superior to or adversely affect current holders of our Common Stock.
  • We are incurring significant increased costs as a result of being a public company, and our management will be required to devote substantial time to new compliance initiatives.
  • Due to our size, we have a limited management team, which has limited experience in operating a public company.
  • We do not currently intend to pay cash dividends on our Common Stock, so any returns will be substantially limited to the value of our Common Stock.
  • Our Certificate of Incorporation designates a state or federal court located within the State of Delaware as the exclusive forum for certain disputes between our stockholders and us, and also provides that the federal district courts will be the exclusive forum for resolving any complaint asserting a cause of action arising under the Securities Act, each of which could limit our stockholders’ ability to choose the judicial forum for disputes with us or our directors, officers, stockholders, or employees.
  • Delaware law and provisions in our Certificate of Incorporation and Bylaws might discourage, delay or prevent a change in control of the Company or changes in our management and, therefore, depress the trading price of our Common Stock.
  • We are an “emerging growth company,” and a “smaller reporting company,” and if we take advantage of certain exemptions from disclosure requirements available to emerging growth companies, this could make our securities less attractive to investors and may make it more difficult to compare our performance with other public companies.

Legal proceedings

From time to time, we may be involved in litigation that arises through the normal course of business. As of the date of this filing, we are not aware of any material legal proceedings to which we or any of our subsidiaries is a party or to which any of our property is subject, nor are we aware of any such threatened or pending litigation or any such proceedings known to be contemplated by governmental authorities. We are not aware of any material proceedings in which any of our directors, officers, or affiliates or any registered or beneficial stockholder of more than 5% of our Common Stock, or any associate of any of the foregoing, is a party adverse to or has a material interest adverse to, us or any of our subsidiaries.

The opening of Item 3, Legal Proceedings.3

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