ZenaTech reported second-quarter 2026 revenue of C$9.3 million, increasing 316% from C$2.2 million in the same period a year earlier as its Drone as a Service business continued to expand.
Revenue for the first six months of 2026 reached C$17.7 million, representing growth of 425% from C$3.4 million in the comparable period of 2025.
The Drone as a Service segment accounted for nearly 93% of total revenue during both periods. DaaS generated C$8.1 million during the second quarter and C$16.4 million during the first half.
ZenaTech has now posted seven consecutive quarters of sequential revenue growth, with quarterly revenue increasing from approximately C$700,000 in the fourth quarter of 2024 to C$9.3 million in the second quarter of 2026.
The company completed four additional land survey and legacy services acquisitions during the quarter, including Andy Paris Land Surveying, North Group, High Prairie Survey Company and Green Earth Powerwashing Franchise Network.
ZenaTech said it had completed 29 acquisitions as of the release, expanding its DaaS business into additional geographic markets and sectors. The company also signed offers to acquire additional land surveying and geospatial businesses across the U.S., Canada and Australia that it expects could contribute approximately C$40 million in revenue during their first 12 months after closing.
The Enterprise SaaS segment generated C$1.2 million in second-quarter revenue and C$1.3 million for the first half. ZenaTech is consolidating a portfolio of 13 software products under its Zoo Office AI-enabled enterprise productivity platform.
The company also continued investing in its drone defense and autonomy portfolio. Initiatives include Blue UAS certification efforts, development of counter-UAS and interceptor technologies, expansion of drone testing and manufacturing operations in Ukraine, and demonstrations with U.S. government defense agencies.
ZenaTech said its product roadmap now spans aerial, indoor, land, maritime and underwater applications.
Total assets increased 50% to C$149.2 million as of June 30 from C$99.8 million at the end of 2025. Shareholders’ equity increased to C$91.3 million from C$68 million.
Cash increased 105% to C$12.2 million, while cash and marketable securities totaled C$34.6 million. The company reported a second-quarter net loss of C$22.5 million as it continued investing in its operating platform, acquisitions and product development.
KEY QUOTES:
“The second quarter of 2026 marked continued momentum for ZenaTech, with DaaS revenue growing to $8.1 million for a total of $9.3 million of revenue for the quarter, and our overall business revenue was up 316% year-over-year. We have now delivered seven consecutive quarters of sequential revenue growth since the fourth quarter of 2024, with revenue increasing over 13 times from $700,000 to $9.3 million during that period.
“During the quarter, we added four new Drone as a Service land survey and service businesses to our platform, bringing our cumulative acquisition count to 29, and we also acquired an HR software company added to our Enterprise SaaS portfolio. We extended our corporate footprint with new offices including in South Korea and the United Kingdom, contributing to the scale up and international reach of our organization and AI autonomy platform. Concurrently, our balance sheet strengthened, with cash growing to $12.2 million and total assets surpassing $149 million, providing the flexibility to continue funding both organic growth and disciplined, accretive acquisitions.
“Our pipeline of innovative products now spans air, land, indoor, maritime and underwater applications for both commercial and defense applications. We remain focused on converting the surveying, inspection and power washing businesses we’ve acquired onto drone-based delivery, which we believe will continue to expand margins as integration progresses. With an expanding international footprint of enterprise software and a base of 13 current software packages being rebranded under Zoo Office, our productivity suite of AI-enabled enterprise SaaS division, we believe ZenaTech is well positioned to continue its growth trajectory through the balance of 2026.”
Dr. Shaun Passley, Chairman, President and CEO of ZenaTech
