ZenaTech revenue jumps 640% on drone division growth

By AI, Created 8:56 PM UTC, June 03, 2026, /AGP/ – ZenaTech reported first-quarter 2026 revenue of $8.4 million, up 640% from a year earlier, as its drone-as-a-service business drove most of the growth. The company also said it ended the quarter with about $15 million in cash and marketable securities, giving it room to keep funding drone, defense and acquisition plans.

Why it matters: - ZenaTech’s first-quarter results show the company’s acquisition-led drone strategy is scaling into meaningful revenue. - The company also has cash on hand to keep investing in AI drones, defense technology and new acquisitions. - The quarter adds a financial proof point as ZenaTech pushes into counter-drone systems, commercial drones and defense-related applications.

What happened: - ZenaTech reported $8.4 million in revenue for the three months ended March 31, 2026. - Revenue rose 640% from $1.13 million in the same period a year earlier. - The company said the drone-as-a-service business generated $7.8 million, or about 93% of total revenue. - ZenaTech said it held about $15 million in cash and marketable securities at quarter-end. - The company said the results reflect its acquisition of land surveying and legacy service companies and the integration of drones into those businesses.

The details: - ZenaTech said its DaaS footprint now includes 23 land survey and legacy service company acquisitions across 10 U.S. states, Canada, the U.K. and Australia. - The company said three corporate stores in Orlando, Dublin and Dubai bring total DaaS global locations to 26. - Enterprise SaaS revenue totaled $589,857, according to the company. - ZenaTech said the SaaS segment now includes 12 brands, including Now Solutions. - Total assets increased to $109.5 million at March 31, 2026, from $100 million at Dec. 31, 2025. - ZenaTech said first-quarter product work included new ZenaDrone commercial products in the IQ Series. - The company also said it entered the counter-UAS defense market with two interceptor drones in an integrated defense system. - ZenaTech said it filed a provisional patent for the integrated interceptor defense system. - The defense roadmap includes the ZD2000 Maritime Interceptor, the Interceptor P-1 one-way drone and the IQ Glider marine launch and refueling station. - The company said it announced the IQ Aqua underwater drone prototype for land mine detection. - ZenaTech said it is developing a quantum navigation system for GPS-denied environments. - The company said it submitted its application for the green/blue UAS pathway certification for the ZenaDrone 1000. - ZenaTech said commercial development also included the IQ Quad for land surveys, the IQ Square drone power-washing platform and testing of the IQ Nano with drone swarms for inventory counts. - The company said it continued hiring engineers for its Zena AI research and development center and AI hub in Baton Rouge, Louisiana. - ZenaTech said work continued on Spider Vision Sensors, its Taiwan-based sensor and drone component manufacturing facility. - The company said its DaaS business launched new land survey services for residential homebuilders and golf course operators. - ZenaTech said research began on building a 5-qubit quantum computer for testing AI drone solutions for wildfire management, traffic management and defense projects.

Between the lines: - The quarter shows how ZenaTech is trying to turn acquisitions into recurring drone-service revenue instead of relying only on hardware sales. - The company is also broadening from commercial surveying into defense, which could expand its addressable market if products clear procurement and certification hurdles. - The cash balance gives ZenaTech more flexibility, but the strategy still depends on integrating acquisitions, hitting product milestones and converting pilots into contracts.

What’s next: - ZenaTech plans to keep buying land survey, inspection and other legacy service companies in the U.S. and abroad. - The company expects full-year revenue benefit in 2026 from acquisitions made in 2025. - Management said additional product revenue could come from defense, agriculture, logistics, warehousing and inspection markets. - ZenaTech said it will continue pursuing demos, pilots and contracts with government defense agencies, including opportunities tied to the U.S. Department of War and the Office of Strategic Capital. - The company said it will keep expanding manufacturing capacity across its three facilities and work toward full operational status in Arizona and Ukraine. - ZenaTech also said it will continue strategic acquisitions that can support its defense business and other divisions.

The bottom line: - ZenaTech’s first quarter suggests its drone-rollup model is gaining scale, while the company’s defense and AI bets remain early-stage but increasingly central to the growth story. - Additional information is available in ZenaTech’s SEC filing.