ZenaTech, Inc.

Snapshot

ZenaTech is a fast-growing but deeply unprofitable drone-services and software roll-up: FY 2025 revenue jumped 558% to $9.2M, but gross profit was negative and the net loss hit $32.2M, more than three times revenue.

What's Happening Right Now

• Mon 26th Oct '26 · Revenue growth: ZenaTech reported first-half 2026 revenue of C$17.7 million, up 425% year-over-year, posted a C$49.1 million net loss, and is targeting adjusted EBITDA breakeven in 2027, with management noting it could delay that target to pursue more acquisitions.
• Thu 22nd Oct '26 · New AI software: ZenaTech unveiled ZenaAI, an AI software suite meant to automate land-survey data processing and cut post-processing time by as much as 80%, though it is still in development with field testing planned for next year.
• Thu 22nd Oct '26 · Strategy update: ZenaTech outlined plans to build a global drone-services platform through further acquisitions, in-house drone technology, and expansion into commercial, government and defense markets.
• Fri 9th Oct '26 · ATM expansion: On Oct 9, 2026, ZenaTech filed a prospectus supplement doubling its at-the-market share-sale program from $75 million to $150 million, with about $93 million still available after raising roughly $57 million so far.
• Thu 8th Oct '26 · ATM sale: Sold 18.55M shares through its at-the-market program.
• Thu 1st Oct '26 · Boardwalktech fight: ZenaTech requisitioned a shareholder meeting to replace Boardwalktech Software's board, citing going-concern doubts and 132% share dilution at that company since March 2024, while holding about 19.9% of its shares plus warrants for another 11.6%.
• Tue 29th Sep '26 · Q2 earnings: ZenaTech posted Q2 2026 revenue of $9.3 million (CAD), up 316% year-over-year, with a $22.5 million quarterly net loss, cash up 105% to $12.2 million, and its 29th Drone as a Service acquisition completed.
• Thu 24th Sep '26 · Interim results: ZenaTech's H1 2026 filing showed its accumulated deficit nearly doubled to CAD $102.8 million, shares outstanding nearly doubled from 48.0 million to 94.9 million, and auditors flagged going-concern caveats alongside a Nevada court judgment voiding certain related-party transactions.
• Tue 30th Jun '26 · ATM sale: Sold 11.19M shares through its at-the-market program, as stated for Jan 1, 2026 to Jun 30, 2026.
• Mon 18th May '26 · Offering: Raised $25.00M in gross proceeds through a registered direct offering, with warrants over 11.79M shares.