Press release
ZENA: 640% Revenue Growth, 26 Locations, and a Defense Pipeline Worth Watching
ZenaTech is not a drone hardware play waiting for a government contract to materialize. It is an operating business built on acquired, revenue-generating companies across land surveying, inspections, power washing, enterprise software, and defense technology, with drone automation layered in as the efficiency driver. The distinction matters, and the Q1 2026 results reflect it.
For the first quarter of 2026, ZenaTech reported total revenue of $8.4 million Canadian, up from $1.13 million in the prior-year period, a 640% increase. The low base is worth acknowledging, but so is what drove the growth: the cumulative contribution of more than twenty acquired operating businesses now running under the company's Drone as a Service platform. Management closed the quarter with $15 million in cash and marketable securities, providing flexibility to continue executing without leaning on shareholders.
Defense: A Pipeline With Real Traction
The defense business is still early, but it is advancing more concretely than the market seems to appreciate. ZenaTech recently announced its intention to pursue opportunities with the U.S. Department of Defense, following a Wall Street Journal report that the Trump administration is actively looking to expand investment in domestic drone manufacturers. ZenaDrone has already completed paid trials with the U.S. Air Force and Navy Reserve and is working toward Blue UAS certification, the key compliance pathway for U.S. defense procurement.
The counter-UAS portfolio is where the longer-term opportunity takes shape. ZenaTech is developing an AI-directed defense system intended to be built around two interceptor platforms: the Interceptor P-1, a one-way expendable drone targeted to be priced under $5,000, and the ZenaDrone 2000 Maritime Interceptor. The intended system is designed to allow a single operator to autonomously command fleets of low-cost interceptors against incoming drone swarms at a cost per engagement that conventional missile and laser systems would struggle to match. The U.S. Department of Defense requested $13.4 billion for autonomous weapons systems in fiscal 2026, with counter-UAS listed as a top priority. ZenaTech is positioning itself to compete for a slice of that demand, though contracts and procurement timelines remain to be seen.
DaaS: Boring on Purpose, Powerful in Practice
The Drone as a Service division is not what most people picture when they hear "drone company." ZenaTech is not selling hardware to hobbyists or chasing speculative contracts. It is acquiring established, profitable service companies in land surveying, inspections, and power washing, businesses that have operated on outdated processes for decades, and migrating them onto a drone-powered, AI-driven platform. The result is faster delivery, lower costs, and recurring revenue that compounds as each new location scales up.
DaaS contributed $7.8 million in Q1, roughly 93% of total revenue, and the footprint now spans 26 locations across ten U.S. states, Canada, the UK, Ireland, the UAE, and Australia. A 23rd acquisition, High Prairie Survey Company, a 40-year-old Colorado surveying firm, closed in early June. Management has been disciplined about what it targets: founder-led, profitable businesses with long-standing customer relationships in growth corridors, exactly the kind of operations where drone automation delivers an immediate and measurable return.
Enterprise SaaS: A Durable Third Pillar
The third pillar often gets overlooked in ZenaTech's story, but it deserves attention. The Enterprise SaaS division now spans 12 software brands following the recent acquisition of NOW Solutions, a Texas-based HR and payroll software company with decades-long relationships across schools, hospitals, and government entities in the U.S. and Canada. That last point matters: a growing base of public sector clients adds durability and stickiness to the revenue profile that drone metrics alone do not capture. The division contributed $589,857 in Q1, a modest number today, but one management expects to grow through increased marketing and targeted acquisitions.
The Outlook
Investors can debate the timing of defense contracts or the pace of future acquisitions, but the broader story is increasingly about diversification. ZenaTech (Nasdaq: ZENA) is no longer a single-product drone company. It is building three separate operating engines across DaaS, defense technology, and enterprise software, each at a different stage of maturity, each compounding in its own way. The 640% revenue growth is the headline. The architecture underneath it may ultimately prove more important.
Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performances are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by ZenaTech Ltd. to assist in the production and distribution of content related to ZENA. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third-party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content.
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