ZenaTech, Inc. has reported an impressive 316% increase in revenue for the second quarter of 2026, marking its seventh consecutive quarter of sequential growth. This surge in revenue highlights the company's successful transition from a technology development firm to a diversified provider of AI-powered drone solutions and software services. With a focus on expanding its Drone as a Service (DaaS) operations and advancing its defense technology portfolio, ZenaTech is positioning itself as a formidable player in the prepackaged software industry.
Founded in Vancouver, British Columbia, ZenaTech specializes in AI-powered drones and enterprise SaaS solutions. The company operates under the Standard Industrial Classification (SIC) code 7372, which encompasses services related to prepackaged software. ZenaTech trades publicly on the Nasdaq under the ticker symbol ZENA.
The latest filing, dated October 14, 2026, provides a comprehensive overview of ZenaTech's financial performance and strategic direction. According to the filing, ZenaTech's revenue for the second quarter reached $9.3 million, a significant increase from the previous year. The company's total revenue for the first half of 2026 stood at $17.7 million, exceeding its entire revenue for 2025 by approximately 37%.
"Second-quarter revenue reached $9.3 million, up 316% year over year," said Shaun Passley, Ph.D., CEO of ZenaTech.
This remarkable growth is largely attributed to ZenaTech's DaaS operations, which generated $8.6 million, accounting for nearly 93% of the company's total revenue for the quarter. The company has successfully integrated multiple acquisitions into its DaaS platform, enhancing its operational capabilities and market reach. As of June 30, 2026, ZenaTech had completed 24 acquisitions, with plans to increase that number to 29, expanding its presence into various sectors and regions.
The filing also outlines ZenaTech's ongoing advancements in defense technology. The company is progressing with the development of its ZenaDrone 2000, a heavy-lift autonomous interceptor designed for counter-drone operations. This initiative aligns with ZenaTech's strategy to capture opportunities in the defense sector, which is experiencing growing demand for innovative drone solutions.
As ZenaTech expands its DaaS platform, it is also focusing on integrating acquired businesses and enhancing its technology offerings. The company's strategic approach aims to streamline operations, reduce costs, and improve service delivery across its growing customer base.
Looking ahead, ZenaTech is optimistic about its future growth prospects. The company plans to continue its disciplined acquisition strategy while investing in technology development to drive revenue growth. ZenaTech's recent addition to the Russell 3000 Index further underscores its market recognition and potential for continued expansion.
In summary, ZenaTech's impressive revenue growth and strategic initiatives position the company as a leader in the prepackaged software and drone services market. With a strong focus on defense technology and a commitment to innovation, ZenaTech is well-equipped to capitalize on emerging opportunities in the evolving landscape of AI-powered solutions.
Details were not available in the SEC filing regarding specific future plans or upcoming filings.