ZenaTech Inc. (NASDAQ: ZENA) reported revenue of $12.9 million for the year ended December 31, 2025, representing a 558% increase from $2.0 million in 2024. The company specializes in AI-powered drone systems and drone-as-a-service operations.

Fourth quarter 2025 revenue reached $5.2 million, a 670% increase compared to the same period in 2024. The revenue growth was driven by the company's drone-as-a-service segment, which contributed $10.1 million in 2025 compared to no revenue in 2024.

ZenaTech completed 20 acquisitions during 2025, including 19 land surveying and inspection companies across the United States, United Kingdom, and Canada, plus one enterprise software company. Total assets increased 188% to $99.8 million from $34.6 million in 2024.

The enterprise software segment generated $2.8 million in revenue for 2025, a 43% increase from $2.0 million in 2024. Cash and reserves grew to $15.1 million as of December 31, 2025, compared to $3.8 million at the end of 2024.

The company reported a net loss of $45.2 million, which included $18.1 million in non-cash loan derivative charges from convertible debt used to fund acquisitions. Working capital increased to $18.3 million from $3.4 million in the prior year.

ZenaTech operates manufacturing facilities in Arizona, Dubai, and Taiwan. The company has expanded its drone-as-a-service network to 24 global locations and added new products including specialized drones for land surveys and underwater surveillance applications.