ZenaTech posts 316% Q2 revenue growth, reports C$22.5M net loss

ZenaTech, Inc. (Nasdaq: ZENA) reported second-quarter revenue of C$9.3 million for the period ended June 30, 2026, a 316% increase from C$2.2 million in the same quarter of 2025, according to a press release from the company.

Revenue for the first half of 2026 reached C$17.7 million, up 425% from C$3.4 million in the comparable 2025 period. The company's Drone as a Service (DaaS) segment accounted for approximately 93% of total revenue in both periods, contributing C$8.1 million in Q2 and C$16.4 million for the six-month period.

The Enterprise SaaS segment contributed C$1.2 million in Q2 and C$1.3 million for the first half of 2026. The company reported a net loss of C$22.5 million for the quarter.

Total assets grew 50% to C$149.2 million as of June 30, 2026, from C$99.8 million at year-end 2025. Cash increased 105% to C$12.2 million, while cash and marketable securities combined totaled C$34.6 million. Total shareholders' equity rose to C$91.3 million from C$68 million at December 31, 2025.

During the quarter, ZenaTech completed four acquisitions — Andy Paris Land Surveying, North Group, High Prairie Survey Company, and Green Earth Powerwashing Franchise Network — bringing its cumulative DaaS acquisition count to 24 by the end of June and 29 to date. The company also acquired HR software firm NOW Solutions, adding it to its Enterprise SaaS portfolio.

ZenaTech opened new offices in South Korea and the United Kingdom and was added to the Russell 3000® Index in June 2026. The company also announced the registration of Phoenix Aero, its Western Ukraine-based entity, intended to support counter-UAS and interceptor drone development and manufacturing.

The company signed offers to acquire additional land survey and geospatial services companies across the U.S., Canada, and Australia, which it expects to collectively contribute approximately C$40 million in revenue during the first 12 months following closing.

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