---
schema_version: "secwatch.filing_event.v1"
accession: "0001193125-24-138880"
form_type: "8-K"
ticker: "ZPTA"
cik: "0001843714"
company_name: "Zapata Quantum, Inc."
filed_at: "2024-05-15T23:59:59+00:00"
generated_at: "2026-06-01T23:32:52.938408+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Zapata AI reports Q1 revenue $1.22M (down 19% YoY); net loss $22.32M includes $14.7M non-cash charges

## Summary
- Revenue $1.22M vs $1.51M YoY; operating loss flat at $5.08M.
- Net loss $22.32M includes $9.78M loss on senior secured notes and $4.94M on derivative liability.
- Cash and equivalents $7.25M; raised $5.4M in additional capital post-quarter through May 10.
- Expanded Andretti Global deal ($1M); partnerships with D-Wave and Tech Mahindra announced.
- Completed business combination with Andretti Acquisition Corp. and began trading on Nasdaq April 1.

## SEC filing metadata
- accession: 0001193125-24-138880
- form_type: 8-K
- ticker: ZPTA
- cik: 0001843714
- company_name: Zapata Quantum, Inc.
- filed_at: 2024-05-15T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1843714/000119312524138880/0001193125-24-138880-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1843714/000119312524138880/d839718d8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001193125-24-138880
- JSON: https://secwatch.observer/filing/0001193125-24-138880.json
- Plain text: https://secwatch.observer/filing/0001193125-24-138880.txt

## Key facts
- Earnings Releases
  Zapata Quantum, Inc. reported the first quarter of 2024 results: revenue $1.22 million.
  - Period: the first quarter of 2024
  - Revenue: $1.22 million
  - Result: reported results
  source text: generative AI on offerings that enhance operational efficiencies and customer responsiveness for Tech Mahindra’s global telecom customers Financial highlights • Revenue of in $1.22 million in Q1 2024 versus $1.51 million in Q1 2023 • Operating loss of $5.08 million in Q1 2024 versus $5.09 million in Q1 2023 • Cash used by operating activities of $2.15 million in Q1
  evidence_url: https://www.sec.gov/Archives/edgar/data/1843714/000119312524138880/0001193125-24-138880-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.