Zapata Quantum (ZPTA) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Zapata Quantum

OTC Markets OTCQB•Technology•Software - Infrastructure

$0.810.00(0.00%)Market closed

Market Cap

$150.80M

P/E

35.4x

P/B

49.2x

Zapata Quantum, Inc. operates as a pure-play hardware-agnostic quantum software company. It delivers subscription-based solutions to deploy the development of quantum and hybrid quantum computing applications. The company's software platform supports a range of use cases in cryptography, pharmaceuticals, manufacturing, and materials discovery and defense applications. The company has a partnership with QuEra for designing and validating applications and quantum alliance program. Zapata Quantum, Inc. was founded in 2017 and is based in Boston, Massachusetts.

How this company scores

WeakMetricSide Score: 31/100

Grade capped at D — Interest coverage below 1× (-7.9x) — earnings cannot cover interest. Strongest: Profitability (14/25); weakest: Cash & Earnings Quality (2/25).

Profitability14/25

Growth8/25

Balance Sheet & Red Flags7/25

Cash & Earnings Quality2/25

Strengths

High ROERising earningsProfit converts from growthNet cash position

Grade capped at D

Interest coverage below 1× (-7.9x) — earnings cannot cover interest.

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 35.4x5y range 0.6x – 35.4x

Currently above its 5-quarter median.

P/S · 1.6x5y range 0.0x – 25.5x

Currently below its 6-quarter median.

P/B · 49.2x5y range 49.2x – 49.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

Free cash flow has been negative in 8 of the last 8 quarters — earnings are not translating to cash.

Price & Volume

Market Cap $150.80M

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $0
Q. Revenue: $0
TTM EBITDA: $-4.99M
TTM Op. Income: $-4.99M
Q. Op. Income: $-1.63M
TTM Net Income: $4.26M
Q. Net Income: $-1.83M
EPS: $-0.01
Shares Out.: $186.17M

$0 in TTM revenue declined 100.0% YoY, reaching $0 last quarter. TTM EBITDA of $-4.99M and TTM operating income of $-4.99M show growth is flowing through to the bottom line. TTM net income of $4.26M means revenue is converting into profit. Over the past year, TTM revenue is down 100% — a steady trend.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin: N/A
Op. Margin: -162700000.0%
Net Margin: -183500000.0%

Op. margin of -162700000.0% is down 104300000.0% YoY — costs are rising relative to revenue. Net margin at -183500000.0% Across the last 8 quarters, operating margin has fallen for 4 consecutive quarters — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 35.4x
P/S Ratio: N/A
P/B Ratio: 49.2x

At 35.4x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 0.0x and P/B of 49.2x provide additional context. P/E sits above typical market levels while revenue growth is below 5%. Over the past year, P/E is up 5652% — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $13.34M
Cash: $12.77M
Long-Term Debt: N/A
Book Value: $3.06M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $-1.69M
TTM Free Cash Flow: $-3.89M
FCF Margin: N/A
FCF / Net Income: -0.9

TTM FCF of $-3.89M on $-1.69M in operating cash flow. The FCF / Net Income ratio of -0.9x means the business consumes cash — it is not yet self-funding. Across the last 8 quarters, free cash flow has fallen for 2 consecutive quarters — a weakening trend.