ZenaTech, Inc. (ZENA): Financial results for H1 2026
ZenaTech, Inc. (ZENA) furnished an SEC Form 6-K — earnings release. Exhibit 99.1 ZenaTech Reports 425% First Half and 316% Second-Quarter Year-Over-Year Revenue Growth as Drone as a Service Segment Continues to Scale Company delivers its seventh consecutive quarter of revenue growth, advances defense product portfolio, and joins the Russell 3000®
How this was made
The 30-second read
Why it matters
Revenue surged 425% YoY to $17.7 M, driven by DaaS, with multiple acquisitions expanding geographic reach and product portfolio.
Market read
First‑time earnings release with extraordinary growth; likely to move the stock and influence the niche drone‑service sector.
What to watch
Potential regulatory hurdles for drone operations and the need for continued capital to fund acquisitions.
ZenaTech Reports 425% First Half and 316% Second-Quarter Year-Over-Year Revenue Growth as Drone as a Service Segment Continues to Scale
Revenue grew 316% in the second quarter and 425% in the six-month period, led by DaaS, while the Company reported a $22.5 million quarterly net loss as it invested in platform development, acquisitions and expansion.
Key metrics
shortened, hover for the filing’s print| Metric | Value | q/q | y/y |
|---|---|---|---|
| Total revenue, second quarter of 2026other | $9.3M | – | 316% |
| Total revenue, six months ended June 30, 2026other | $17.7M | – | 425% |
| Net loss, quarterother | $22.5M | – | – |
| Total assets, June 30, 2026other | $149.2M | 50% | – |
| Total shareholders' equity, June 30, 2026other | $91.3M | – | – |
| Cash, June 30, 2026other | $12.2M | 105% | – |
| Cash and marketable securities, June 30, 2026other | $34.6M | – | – |
Segments
| Segment | Revenue | q/q | y/y |
|---|---|---|---|
| Drone as a Service segment, second quarter of 2026A full quarter of contribution from entities acquired in 2025, four acquisitions completed in the second quarter of 2026, and increased survey volumes across existing operations. | $8.1M | – | – |
| Drone as a Service segment, six-month period ended June 30, 2026A full quarter of contribution from entities acquired in 2025, four acquisitions completed in the second quarter of 2026, and increased survey volumes across existing operations. | $16.4M | – | – |
| Enterprise SaaS Software segment, second quarterIncluding the initial contribution from the new Zoo Office™ platform unveiling during the quarter of the productivity suite and plans to consolidate under one brand. | $1.2M | – | – |
| Enterprise SaaS Software segment, six months ended June 30, 2026Including the initial contribution from the new Zoo Office™ platform unveiling during the quarter of the productivity suite and plans to consolidate under one brand. | $1.3M | – | – |
Remainder of 2026 outlook
- NoteGrowth is expected to be driven by closing signed acquisition offers and integrating acquired survey, inspection and power washing businesses into drone-based delivery.
- NoteThe Company expects to advance ZenaDrone 1000 and IQ Series products through development stages and Blue UAS process advancement.
- NoteThe Company expects continued development of the Zoo Office™ enterprise productivity platform suite to expand Enterprise SaaS revenue.
- NoteThe Company intends to maintain balance sheet flexibility to fund organic growth and disciplined, accretive acquisitions.
What drove it
- DaaS contributed almost 93% of total revenue during both the quarter and the six-month period.
- The Company completed four additional land survey and legacy service business acquisitions during the quarter: Andy Paris Land Surveying, North Group, High Prairie Survey Company, and Green Earth Powerwashing Franchise Network.
- Increased survey volumes across existing operations contributed to DaaS revenue.
- The Company acquired NOW Solutions, an HR software company, for its Enterprise SaaS portfolio.
- The Company stated it has delivered seven consecutive quarters of sequential revenue growth since the fourth quarter of 2024.
Concerns
- The Company reported a net loss of $22.5 million during the quarter.
- The Company has signed offers to acquire multiple additional land survey and geospatial services companies, which remain subject to completed closings.
- Blue UAS certification, government agency demonstrations, customer pilots and contracts remain in development or engagement stages.
- Counter-UAS and interceptor products are at prototype and testing stages.
- The Company is establishing Ukraine-based manufacturing and testing operations.
What to watch
- Closing of signed acquisition offers and integration of acquired businesses into drone-based delivery.
- Progress toward Blue UAS certification and procurement-list readiness for ZenaDrone 1000 and IQ Series products.
- Additional U.S. defense-agency demonstration requests, customer pilots and contracts.
- Development and testing progress for the Counter-UAS and interceptor platforms.
- Expansion of Zoo Office™ and Enterprise SaaS revenue.
Balance sheet and cash flow
- Cash increased 105% to $12.2 million as of June 30, 2026, from $6.0 million as of December 31, 2025.
- Cash and marketable securities together totaled $34.6 million compared to $15.1 million as of December 31, 2025.
- Total assets grew 50% to $149.2 million as of June 30, 2026, from $99.8 million as of December 31, 2025, reflecting continued investment in property, plant and equipment, goodwill and intangible assets from acquisitions.
- Total shareholders' equity increased to $91.3 million as of June 30, 2026, from $68 million as of December 31, 2025.
Analysis
ZenaTech reported $9.3 million of second-quarter revenue, up 316% from $2.2 million in the second quarter of 2025. Revenue for the six months ended June 30, 2026 was $17.7 million, up 425% from $3.4 million in the comparable 2025 period. The Company stated that this was its seventh consecutive quarter of sequential revenue growth since the fourth quarter of 2024.
DaaS was the principal source of growth, contributing $8.1 million in the quarter and $16.4 million in the six-month period. The Company said DaaS represented almost 93% of total revenue in both periods. Management attributed DaaS growth to a full quarter of contribution from entities acquired in 2025, four second-quarter acquisitions, and increased survey volumes across existing operations. Enterprise SaaS Software contributed $1.2 million in the quarter and $1.3 million for the six-month period.
Profitability remains the key offset to the revenue expansion. The Company reported a $22.5 million net loss during the quarter, which it attributed to investment in its AI Autonomy drone platforms, DaaS scale-up, and future government and defense customer pilots and contracts. No gross-margin, operating-income, EPS, operating-cash-flow, or free-cash-flow figures were reported in the release, so the release does not quantify the current earnings or cash-flow effect of the acquisition and product-development strategy.
The balance sheet expanded alongside the acquisition program. Total assets grew 50% to $149.2 million from $99.8 million as of December 31, 2025, reflecting investment in property, plant and equipment, goodwill and intangible assets from acquisitions. Cash increased 105% to $12.2 million, while cash and marketable securities totaled $34.6 million. Total shareholders' equity increased to $91.3 million from $68 million.
For the remainder of 2026, the Company provided qualitative rather than numerical guidance. Its stated priorities are closing signed acquisition offers, integrating service businesses into drone-based delivery, advancing Blue UAS certification and defense-agency engagement, progressing counter-UAS development and manufacturing, and expanding Zoo Office™. The filing identifies multiple growth initiatives but does not provide quantified revenue, margin, expense, tax-rate, or profitability targets.
Management, verbatim
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.
Dr. Shaun Passley, ZenaTech Chairman, President and Chief Executive Officer
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.
Dr. Shaun Passley, ZenaTech Chairman, President and Chief Executive Officer
Not in the filing
stated, not guessed- Accounting basis, including whether results are IFRS, was not stated.
- Gross profit and gross margin.
- Operating expenses.
- Operating income or loss.
- Net loss comparison with prior-year or prior-quarter period.
- GAAP and non-GAAP EPS.
- Non-GAAP revenue, earnings, margin, or EPS measures.
- Operating cash flow and free cash flow.
- Debt and other liabilities.
- Capital returns, including share repurchases and dividends.
- Prior-year and prior-quarter revenue figures for the DaaS and Enterprise SaaS Software segments.
- Quantitative revenue, gross-margin, operating-expense, tax-rate, or profitability guidance for the remainder of 2026.
- Previous-period outlook for comparison with actual results.
AlphAI analysis generated from the company’s SEC earnings filing (Form 8-K Item 2.02, or Form 6-K for a foreign private issuer). Every figure was cross-checked against the filing text; consensus estimates, price targets and share-price reactions are not shown because they are not in the filing. AI-generated research, not investment advice.
Background
ZenaTech, a Nasdaq‑listed AI‑drone firm, disclosed its H1 2026 earnings via a foreign private issuer 6‑K filing.
Ticker impact
ZenaTech filed a Form 6‑K reporting H1 2026 results with revenue up 425% YoY to $17.7 M, the first public disclosure of these numbers.
likely upward pressure as the market prices in the revenue surge and new acquisitions.
First‑time earnings release with double‑digit YoY growth; investors typically reward such surprise growth in micro‑caps.
Market effects
Highlights rapid expansion in the drone‑as‑a‑service and AI‑driven enterprise SaaS sectors, potentially boosting peer valuations.
New offices in South Korea and the UK may increase exposure to Asian and European tech markets.
Shows growing demand for autonomous drone solutions worldwide, a trend of interest to defense and infrastructure investors.
Counterpoint
The company remains cash‑burn heavy and still small; rapid growth may be unsustainable and could lead to dilution.
Key entities
- companyZenaTech, Inc.
AI‑drone and SaaS provider listed on Nasdaq (ZENA).
