Drone Services Drive Rapid Revenue Growth for Technology Firm

2026-09-30 companies

Toronto, Wednesday, 30 September 2026.
Rapid scaling in drone services propelled a 425% first-half revenue surge, generating C$17.7 million and marking seven straight quarters of growth despite heavy investments causing a net loss.

Financial Performance Overview

ZenaTech, Inc. (NASDAQ: ZENA) disclosed its financial results for the second quarter and first half of 2026 on September 29, 2026, revealing substantial top-line expansion [2]. For the three months ended June 30, 2026, the company reported revenue of C$9.3 million, representing a year-over-year increase calculated as 322.727 percent from the C$2.2 million recorded in the same period of 2025 [1]. The momentum continued throughout the first half of the year, where total revenue reached C$17.7 million, a surge derived from the C$3.4 million earned in the first half of 2025 [3]. This performance marks the seventh consecutive quarter of sequential revenue growth for the technology firm, signaling a sustained upward trajectory since the fourth quarter of 2024 [5].

Drone as a Service Dominance

The primary driver of ZenaTech’s financial performance is its Drone as a Service (DaaS) segment, which accounted for approximately 93 percent of total revenue during the quarter and first half of 2026 [1]. In the second quarter alone, the DaaS segment contributed C$8.1 million to the total revenue figure [2]. This segment’s growth is bolstered by the integration of acquired land survey and service businesses, which convert traditional services into drone-based delivery models to expand margins [6]. The Enterprise SaaS segment provided the remaining revenue, contributing C$1.2 million in the second quarter and C$1.3 million for the six-month period [4].

Strategic Acquisitions and Global Expansion

ZenaTech’s operational footprint expanded significantly in June 2026, coinciding with its inclusion in the Russell 3000 Index [5]. The company established new corporate offices in South Korea and the United Kingdom to support its international reach and AI autonomy platform [2]. Simultaneously, ZenaTech registered Phoenix Aero in Western Ukraine to serve as a manufacturing and testing base for Counter-UAS and interceptor drones [4]. These strategic moves align with the company’s objective to secure defense contracts and advance Blue UAS certification for its ZenaDrone 1000, IQ Square, and IQ Nano platforms [3].

Financial Position and Outlook

As of June 30, 2026, ZenaTech’s total shareholders’ equity rose to C$91.3 million, an increase from C$68 million recorded on December 31, 2025 [5]. The company maintains a pipeline of innovative products spanning air, land, indoor, maritime, and underwater applications for both commercial and defense sectors [2]. Management remains focused on converting acquired businesses to drone-based delivery to expand margins as integration progresses [6]. The global drone surveying market is projected to exceed USD $8 billion by 2030, providing a favorable backdrop for ZenaTech’s continued expansion efforts [3].

Sources

Drone Technology ZenaTech