ZPTA on OTC
Zapata Quantum, Inc.
American prepackaged software services company based in Boston. Summary from the record
Price unavailable
Last updated Oct 19, 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
Every line of the income statement as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| 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, basic | 101.9M shares | 29.4M shares |
| Weighted-average common shares outstanding, diluted | 227.4M shares | 29.4M 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 |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 4 fiscal years (annual) or 4 quarters (quarterly), latest first.4
| Period ending | 2025-12-31 | 2024-12-31 | 2024-01-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.7M | $359.0K | ||
| Accounts receivable ($0 and $1,567 from related parties, respectively) | $1.6M | |||
| Prepaid expenses and other current assets | $181.0K | $229.0K | ||
| Total current assets | $1.8M | $2.2M | ||
| Other non-current assets | $432.0K | $550.0K | ||
| Total assets | $2.3M | $2.7M | ||
| Accrued expenses and other current liabilities | $1.8M | $2.6M | ||
| Deferred legal fees | $2.6M | $3.3M | ||
| Other liabilities | $406.0K | $406.0K | ||
| Forward purchase agreement settlement liability | $2.4M | |||
| Convertible promissory notes, current ($300 to related parties) | $3.1M | |||
| Senior secured notes, current | $1.3M | |||
| Note payable - related party, current | $1.6M | |||
| Total current liabilities | $10.5M | $23.7M | ||
| Senior secured notes | $2.2M | |||
| Note payable - related party, non-current | $312.0K | |||
| Total liabilities | $10.5M | $26.2M | $8.2M | |
| Common Stock, $0.0001 par value; 600,000,000 shares authorized; 172,318,506 and 43,589,506 shares issued and outstanding at December 31, 2025 and 2024, respectively | $17.0K | $4.0K | ||
| Additional paid-in capital | $110.2M | $104.3M | ||
| Accumulated other comprehensive loss | -$162.0K | -$109.0K | ||
| Accumulated deficit | -$118.3M | -$127.7M | ||
| Total stockholders deficit | -$8.3M | -$23.5M | -$10.2M | |
| Total liabilities and stockholders deficit | $2.3M | $2.7M | ||
| Accounts payable | $4.0M | $14.0M | ||
| Common stock par or stated value per share | $0.00 | $0.00 | ||
| Common stock shares authorized | 600.0M shares | 600.0M shares | ||
| Common stock shares issued | 172.3M shares | 43.6M shares | ||
| Common stock shares outstanding | 172.3M shares | 43.6M shares |
| Period ending | 2025-12-31 | 2024-12-31 | 2024-01-31 | 2023-12-31 |
|---|---|---|---|---|
| Cash and cash equivalents | $1.7M | $359.0K | ||
| Accounts receivable ($0 and $1,567 from related parties, respectively) | $1.6M | |||
| Prepaid expenses and other current assets | $181.0K | $229.0K | ||
| Total current assets | $1.8M | $2.2M | ||
| Other non-current assets | $432.0K | $550.0K | ||
| Total assets | $2.3M | $2.7M | ||
| Accrued expenses and other current liabilities | $1.8M | $2.6M | ||
| Deferred legal fees | $2.6M | $3.3M | ||
| Other liabilities | $406.0K | $406.0K | ||
| Forward purchase agreement settlement liability | $2.4M | |||
| Convertible promissory notes, current ($300 to related parties) | $3.1M | |||
| Senior secured notes, current | $1.3M | |||
| Note payable - related party, current | $1.6M | |||
| Total current liabilities | $10.5M | $23.7M | ||
| Senior secured notes | $2.2M | |||
| Note payable - related party, non-current | $312.0K | |||
| Total liabilities | $10.5M | $26.2M | $8.2M | |
| Common Stock, $0.0001 par value; 600,000,000 shares authorized; 172,318,506 and 43,589,506 shares issued and outstanding at December 31, 2025 and 2024, respectively | $17.0K | $4.0K | ||
| Additional paid-in capital | $110.2M | $104.3M | ||
| Accumulated other comprehensive loss | -$162.0K | -$109.0K | ||
| Accumulated deficit | -$118.3M | -$127.7M | ||
| Total stockholders deficit | -$8.3M | -$23.5M | -$10.2M | |
| Total liabilities and stockholders deficit | $2.3M | $2.7M | ||
| Accounts payable | $4.0M | $14.0M | ||
| Common stock par or stated value per share | $0.00 | $0.00 | ||
| Common stock shares authorized | 600.0M shares | 600.0M shares | ||
| Common stock shares issued | 172.3M shares | 43.6M shares | ||
| Common stock shares outstanding | 172.3M shares | 43.6M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 2 fiscal years, latest first.4
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Net income (loss) | $9.4M | -$38.1M |
| Depreciation and amortization | $118.0K | |
| Non-cash interest expense | $521.0K | $863.0K |
| Non-cash vendor payments | $150.0K | |
| Change in allowance for doubtful accounts | $28.0K | |
| Loss on issuance of forward purchase agreement derivative liability | $4.9M | |
| Loss on issuance of senior secured notes | $9.8M | |
| Change in fair value of forward purchase agreement derivative liability | -$2.5M | |
| Stock-based compensation | $274.0K | $647.0K |
| Non-cash lease expense | $241.0K | |
| Loss on extinguishment of senior secured | $134.0K | |
| Gain on extinguishment of forward purchase agreement settlement liability | -$2.4M | |
| Gain on extinguishment of liabilities | -$9.1M | |
| Gain on forbearance agreement | -$1.9M | |
| Equity line of credit commitment expense | $2.0M | |
| Loss on fixed assets disposal | $71.0K | |
| Accounts receivable | -$90.0K | |
| Prepaid expenses and other current and non-current assets | $166.0K | -$455.0K |
| Accounts payable | $198.0K | $7.1M |
| Accrued expenses and other current liabilities and other non-current liabilities | $1.0M | -$4.3M |
| Deferred revenue | $95.0K | |
| Deferred legal fees | -$678.0K | |
| Forward purchase agreement settlement obligation | $2.4M | |
| Operating lease liabilities | -$252.0K | |
| Net cash used in operating activities | -$1.7M | -$18.1M |
| Purchases of property and equipment | -$34.0K | |
| Net cash used in investing activities | -$34.0K | |
| Payment of deferred offering costs | -$2.9M | |
| Proceeds from the exercise of stock options | $68.0K | |
| Issuances of Common Stock under equity line of credit | $8.6M | |
| Proceeds from the reverse recapitalization | $12.6M | |
| Proceeds from the partial early termination of the forward purchase agreement | $2.5M | |
| Payment of note payable - related party | -$635.0K | |
| Prepayment for forward purchase agreement | -$11.0M | |
| Debt discount paid in cash | -$123.0K | |
| Proceeds from senior and senior secured notes | $6.0M | |
| Payment of senior secured notes | -$1.3M | |
| Proceeds from convertible notes, net | $2.9M | |
| Proceeds from sale of Series A preferred stock, net | $1.4M | |
| Net cash provided by financing activities | $3.0M | $15.1M |
| Effect of exchange rate changes on cash and cash equivalents | -$53.0K | -$63.0K |
| Net increase (decrease) in cash and cash equivalents | $1.3M | -$3.1M |
| Issuance of Common Stock in connection with conversion of senior secured notes ($3,853 and $0 from related parties, respectively) | $14.7M | |
| Issuance of Common Stock in connection with debt issuance costs related to senior secured notes and capital markets advisory agreements | $352.0K | |
| Issuance of senior secured notes in lieu of payments for offering costs and capital markets advisory agreements | $1.1M | |
| Deferred offering costs included in accounts payable and accrued expenses and other current liabilities | $2.8M | |
| Debt issuance costs in included in accrued expenses and other current liabilities | $35.0K | |
| Conversion of convertible preferred stock upon the reverse recapitalization | $64.7M | |
| Issuance of Common Stock under the 2024 Equity and Incentive Plan | $85.0K | |
| Liabilities assumed from the merger | $8.2M | |
| Issuance of Common Stock in connection with settlement of liability | $2.1M | |
| Issuance of Common Stock in connection with settlement of forward purchase obligation | $79.0K | |
| Issuance of Common Stock upon conversion of related party notes | $2.0M | |
| Issuance of series C preferred stock in connection with settlement of liability | $18.0K |
No quarter-by-quarter statement was filed.
Leadership
Who has led Zapata Quantum, Inc., and when. Pick a name to see everywhere that person has worked.
Chief executive
President
Chief financial officer
2025
- Chief executive officerSumit Kapur Oct 10, 2025 to now10
- Chief executive officerChristopher Savoie Apr 1, 2024 to Apr 1, 202411
- PresidentChristopher Savoie Apr 1, 2024 to Apr 1, 202411
- Chief financial officerMimi Flanagan Apr 1, 2024 to Apr 1, 202412
- Chief financial officerSumit Kapur May 23, 2024 to now13
Board members and other officers (16)
- Chief Technology OfficerYudong Cao Apr 1, 2024 to Apr 1, 202414
- OfficerMichael Andretti Jan 12, 2022 to Jan 20, 202215
- OfficerWilliam J. Sandbrook Jan 12, 2022 to Jan 20, 202215
- Board memberSumit Kapur Oct 10, 2025 to now10
- Board memberChristopher Savoie Apr 1, 2024 to Apr 1, 202411
- Board memberClark Golestani Apr 1, 2024 to now16
- Board memberDana Sue Jones Apr 1, 2024 to Jul 12, 202417
- Board memberJeff Huber Apr 1, 2024 to Jul 12, 202418
- Board memberRaj Ratnakar Apr 1, 2024 to Jul 12, 202419
- Board memberWilliam E. Klitgaard Apr 1, 2024 to now20
- Board memberCassandra S. Lee Jan 12, 2022 to Apr 1, 202421
- Board memberGerald D. Putnam Jan 12, 2022 to Apr 1, 202422
- Board memberJames W. Keyes Jan 12, 2022 to Apr 1, 202423
- Board memberJohn J. Romanelli Jan 12, 2022 to Apr 1, 202424
- Board memberMichael Andretti Jan 12, 2022 to Apr 1, 202415
- Board memberWilliam J. Sandbrook Jan 12, 2022 to Apr 1, 202415
Named in SEC Form D filings
People the company listed in its private-offering notices.
- DirectorWilliam Brown named Apr 12, 202425
Former names
Timeline
Filings
266 filings to the SEC since October 2021: 5 annual reports, 14 quarterly reports, 56 major events, 49 insider forms, 41 large holders, 4 private raises, 97 other. The latest 20:
- Oct 13, 20268-K EDGAR
- Oct 6, 20268-K EDGAR
- Sep 23, 20268-K CURRENT REPORT EDGAR
- Sep 15, 20268-K CURRENT REPORT EDGAR
- Sep 14, 2026DEF 14A EDGAR
- Sep 4, 2026PRE 14A PRELIMINARY PROXY STATEMENT EDGAR
- Aug 14, 2026424B3 EDGAR
- Aug 14, 202610-Q FORM 10-Q FOR JUN 2026 EDGAR
- Aug 12, 20268-K EDGAR
- Aug 11, 2026424B3 EDGAR
- Aug 10, 2026EFFECT EDGAR
- Aug 5, 20268-K EDGAR
- Jul 9, 20268-K CURRENT REPORT EDGAR
- Jul 9, 2026S-1/A AMENDMENT NO 1 EDGAR
- Jul 7, 20268-K CURRENT REPORT EDGAR
- Jun 5, 2026S-1 EDGAR
- May 15, 202610-Q EDGAR
- May 7, 20263/A EDGAR
- May 7, 20263/A EDGAR
- May 7, 20263/A EDGAR
The 266 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.
- Clark GolestaniSCHEDULE 13D/A, 3 filings Aug 21, 2025 to May 4, 202626
- Sumit KapurSCHEDULE 13D/A, 3 filings Aug 21, 2025 to May 4, 202627
- Andretti Autosport Holding Company, LLCSCHEDULE 13G, 1 filing Dec 5, 202528
- GLAZER CAPITAL, LLCSC 13G/A, 2 filings Feb 14, 2024 to Nov 14, 202429
- Walleye Capital LLCSC 13G/A, 2 filings Feb 14, 2024 to Nov 13, 202430
- Hudson Bay Capital Management LPSC 13G/A, 2 filings Feb 6, 2024 to Nov 8, 202431
- Prelude Fund, LPSC 13G/A, 2 filings Apr 5, 2024 to Oct 4, 202432
- Mario AndrettiSC 13G, 1 filing Jul 25, 202433
- Michael AndrettiSC 13G, 1 filing Jul 25, 202434
- William J. SandbrookSC 13G, 1 filing Jul 25, 202435
- Andretti Sponsor LLCSC 13G/A, 2 filings Feb 14, 2023 to Jul 22, 202436
- Radcliffe Capital Management, L.P.SC 13G/A, 2 filings Sep 29, 2023 to Jun 28, 202437
- Christopher SavoieSC 13G, 1 filing May 15, 202438
- WOLVERINE ASSET MANAGEMENT LLCSC 13G/A, 2 filings Feb 8, 2024 to Apr 11, 202439
- First Trust Capital Management L.P.SC 13G/A, 2 filings Sep 11, 2023 to Apr 5, 202440
- Shaolin Capital Management LLCSC 13G/A, 2 filings Feb 14, 2023 to Feb 22, 202441
- ARISTEIA CAPITAL, L.L.C.SC 13G/A, 2 filings Feb 13, 2023 to Feb 12, 202442
- Apollo Management Holdings GP, LLCSC 13G/A, 3 filings Jan 21, 2022 to Feb 6, 202443
- COWEN AND COMPANY, LLCSC 13G, 1 filing Feb 5, 202444
- HIGHBRIDGE CAPITAL MANAGEMENT LLCSC 13G/A, 2 filings Feb 2, 2023 to Jan 19, 202445
- Sculptor Capital LPSC 13G/A, 2 filings Jan 20, 2022 to Feb 14, 202346
Money raised
Private offerings the company reported to the SEC on Form D.
- Apr 7, 2026Raised $13.2 million in a private offering of equity Form D: $15 million offered in all Form D
- Jun 12, 2025Raised $3 million in a private offering of debt Form D: 31 investors so far Form D
- Jun 12, 2025Raised $10.1 million in a private offering of equity Form D: $17 million offered in all Form D
- 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.
| Fund | Shares | Value | Share of the fund | Change |
|---|---|---|---|---|
| Wealthspire Advisors, LLC | 25,000 | $31.8K | 0.0% | New |
13F reports cover disclosed long positions in U.S. stocks only.
Sources
The numbers on this page point here. Each one links to the record it came from.
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- 10SEC EDGARSumit Kapur, Chief executive officer
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- 13SEC EDGARSumit Kapur, Chief financial officer
- 14SEC EDGARYudong Cao, Chief Technology Officer
- 15SEC EDGARMichael Andretti, Officer
- 16SEC EDGARClark Golestani, Board member
- 17SEC EDGARDana Sue Jones, Board member
- 18SEC EDGARJeff Huber, Board member
- 19SEC EDGARRaj Ratnakar, Board member
- 20SEC EDGARWilliam E. Klitgaard, Board member
- 21SEC EDGARCassandra S. Lee, Board member
- 22SEC EDGARGerald D. Putnam, Board member
- 23SEC EDGARJames W. Keyes, Board member
- 24SEC EDGARJohn J. Romanelli, Board member
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