Zapata Quantum Inc
ZPTA Technology Software Infrastructure
Zapata Quantum Inc’s revenue for fiscal 2024 (year ended December 2024) was $3.9 million, down 31.8% from fiscal 2023. In the quarter to June 2026, revenue fell 100.0%, EPS fell 120.0%, free cash flow fell 317.0% and total debt rose 12.4%, each against the same quarter a year earlier.
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Zapata Quantum Inc (ZPTA) Altman Z-score
Zapata Quantum Inc's Altman Z-score for fiscal 2024 is −101.15, in the distress zone (below 1.81).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2024 | −101.15 | — |
How fiscal 2024’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | (7.86) | — | −9.43 | |
| Retained earnings / total assets | (46.71) | — | −65.40 | |
| EBIT / total assets | (8.43) | — | −27.83 | |
| Market value of equity / total liabilities | 0.15 | — | 0.09 | |
| Sales / total assets | 1.42 | — | 1.42 | |
| Altman Z-score | Distress zone | −101.15 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Distress zone | −261.44 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| WETO Wetour Robotics Limited compare | 4.8× |
| LHSW Lianhe Sowell International Group Ltd compare | 0.8× |
| YYAI AiRWA Inc. compare | 0.4× |
| CSAI Cloudastructure Inc. compare | −0.7× |
| CETX Cemtrex Inc. compare | −1.1× |
| TAOP Taoping Inc. compare | −7.4× |
| ZPTA Zapata Quantum Inc | −101× |
| VHAI Vocodia Holdings Corp. compare | −1,100× |
| HUBC Hub Cyber Security Ltd. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets