ZenaTech Reports Over 27% Organic Growth Across Existing Drone as a Service Operations and Estimates Q3 2026 Total Revenue in Range of C$13.4 Million to C$14.8 Million

ZenaTech posts 27.1% organic growth and projects Q3 revenue up to C$14.8 million.

What the company is saying

ZenaTech, Inc. is highlighting robust organic revenue growth of 27.1% in 2026 across its Drone as a Service (DaaS) operations, specifically within approximately 20 primarily U.S. locations acquired in 2025. The company emphasizes that some individual DaaS locations achieved over 40% organic growth during the period. Estimated Q3 2026 revenue is projected between C$13.4 million and C$14.8 million (US$9.5 million to US$10.5 million), up from reported Q2 revenue of C$9.3 million (US$6.6 million). Management, led by CEO Shaun Passley, Ph.D., attributes this growth to integrating drones and AI into acquired businesses, automating workflows, and training staff as drone pilots, as well as to targeted marketing and packaged services for high-growth sectors. The company frames its DaaS model as a disruptive, recurring-revenue platform outpacing the U.S. Surveying & Mapping Services industry’s 1.3% CAGR by more than 20 times. The announcement is confident in tone, focusing on operational execution and the scalability of its AI autonomy platform, while noting that all revenue figures are preliminary and unaudited.

What the data suggests

The reported 27.1% average organic revenue growth in 2026 for DaaS operations is substantially above the industry’s 1.3% CAGR, with some locations exceeding 40%. Estimated Q3 2026 revenue of C$13.4 million to C$14.8 million (US$9.5 million to US$10.5 million) represents a sequential increase of roughly 44% to 59% over Q2’s C$9.3 million (US$6.6 million). DaaS accounted for 93% of Q2 total revenue, confirming it as the company’s core business driver. All figures are preliminary and unaudited, so final results may differ. The company does not disclose profitability, cash flow, or margin data, so the sustainability of this revenue growth cannot be evaluated. Operational and commercial drivers are described qualitatively, but their direct quantitative impact is not broken out. The company’s outperformance versus industry averages is clear on a top-line basis, but the absence of cost and earnings data limits a full financial assessment.

Analysis

The announcement highlights strong organic revenue growth (27.1% in 2026) and provides specific, albeit preliminary, revenue figures for Q2 and estimated Q3 2026. These realised numbers support a positive operational trend. However, the release is also filled with forward-looking statements about building a global DaaS network, investing in next-generation technologies, and capturing long-term opportunities, none of which are quantified or tied to immediate financial outcomes. There is no disclosure of profitability, margins, or cash flow, so the sustainability and value of the reported growth cannot be assessed. The narrative inflates the signal by repeatedly referencing industry outperformance and future platform ambitions, while the only hard evidence is top-line revenue. The capital intensity flag is triggered by references to ongoing investments in R&D and global expansion, with no immediate earnings impact disclosed.

Risk flags

• ●All revenue figures are preliminary and unaudited, which introduces the risk that final audited results may differ materially; investors may face volatility if adjustments are significant.
• ●No profitability, margin, or cash flow data is disclosed, making it impossible to assess whether rapid revenue growth is translating into sustainable earnings or positive cash generation.
• ●The company is pursuing a capital-intensive expansion strategy, investing in next-generation technologies and global scale, which could pressure future margins and require additional funding if revenue growth does not yield operating leverage.
• ●Management attributes growth to operational and marketing initiatives, but provides no quantitative breakdown of their specific impact, leaving uncertainty about the repeatability and scalability of these drivers.

Bottom line

ZenaTech’s announcement signals strong top-line momentum, with 27.1% organic growth in its DaaS segment and a projected Q3 revenue jump to as much as C$14.8 million. The company is clearly outpacing industry averages, and its DaaS model is driving the vast majority of revenue. However, the lack of audited results and absence of any profitability or cash flow disclosure means investors cannot yet judge whether this growth is sustainable or profitable. The capital-intensive nature of the company’s expansion and R&D investments adds further execution risk. Investors should focus on the upcoming audited results and any future disclosure of margins or cash flow to determine if ZenaTech’s revenue surge is translating into real shareholder value. The most important takeaway is that while revenue growth is impressive, the underlying profitability remains unproven.

Announcement summary

(NASDAQ:ZENA) (FSE:49Q) ZenaTech, Inc. reported organic revenue growth averaging 27.1% in 2026 across its Drone as a Service (DaaS) operations. This metric reflects organic revenue growth generated within approximately 20 primarily U.S. DaaS locations added in 2025 and excludes acquisitions completed in 2026. Some individual DaaS locations achieved organic growth of over 40% during the period. ZenaTech estimates total revenue for the third quarter of 2026 will be between C$13.4 million and C$14.8 million (US$9.5 million to US$10.5 million), compared to reported second quarter revenue of C$9.3 million (approximately US$6.6 million). DaaS segment revenue represented approximately 93% of total revenue in the second quarter of 2026. These revenue figures are preliminary and unaudited, and final revenue may differ from the estimated amounts. Shaun Passley, Ph.D., CEO of ZenaTech, stated that the 27% organic growth across locations acquired in 2025 demonstrates the effectiveness of the DaaS model, which involves acquiring established survey and inspection businesses, integrating drones and AI into their workflow, and observing revenue increases. Management attributes the organic growth to operational drivers such as integrating drones and AI to speed up fieldwork and data delivery, automating processes, and training land surveyors as drone pilots to expand capacity and lower labor costs. Commercial drivers include marketing investments to build brand recognition and the introduction of packaged services tailored to fast-growing segments like AI data center construction and large residential homebuilders. The DaaS model delivers turnkey drone-powered services and data on a recurring subscription or usage basis, using ZenaDrone drones for surveying, inspections, maintenance, power washing, and precision agriculture, eliminating the need for customers to own and maintain drone fleets. ZenaTech is building a scalable global DaaS network and AI autonomy platform through the acquisition of established, under-digitized service businesses, aiming for recurring revenue and an existing customer base. The company continues to expand its geographic footprint, service offerings, and drone capabilities. IBISWorld estimates the U.S. Surveying & Mapping Services industry grew at a compound annual rate of 1.3% between 2021 and 2026, making ZenaTech's 27.1% average organic growth more than 20 times the industry rate. ZenaDrone, a subsidiary of ZenaTech, develops and manufactures AI-powered multifunction autonomous drone solutions, including the ZenaDrone 1000, IQ Nano, IQ Square, IQ Quad, and IQ Aqua. ZenaDrone operates three global manufacturing facilities in Arizona, Dubai, and Taiwan and is advancing counter-UAS maritime interceptor drones and an integrated defense system. ZenaTech's operating footprint spans North America, Australia, Taiwan, and the United States.

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