ZENA$0.7206-1.42%
ZenaTech, Inc.
Sector: Services-Prepackaged SoftwareIndustry: Information Technology ServicesCountry: CAExchange: Nasdaq
Mkt Cap:$144.95M
Float & O/S:
Inst Own:
DilutionScan read 49 of ZenaTech, Inc.'s SEC filings and found 5 warrant series, 10 convertibles, 1 ATM program, 1 shelf registration, 1 S-1 registration and 1 completed offering on file for ZENA. The latest dilution event on file is ATM sales on Oct 8, 2026. Analysis updated Oct 9, 2026.
Signal8 Summary
ZENA
High-growth roll-up, severe dilution overhang
- Business
- MixedRevenue +558% YoY, but net loss $32.2M on $9.2M revenue
- Stock risk
- HighShare count +85% YoY, 55% potential dilution, beta 7.09
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
- : 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.
- : 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.
- : 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.
- : 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.
- : Sold 18.55M shares through its at-the-market program.
- : 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%.
- : 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.
- : 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.
- : Sold 11.19M shares through its at-the-market program, as stated for Jan 1, 2026 to Jun 30, 2026.
- : Raised $25.00M in gross proceeds through a registered direct offering, with warrants over 11.79M shares.
