ZenaTech, Inc. has reported an annualized revenue run rate of approximately CAD $33 million, derived by multiplying its first quarter 2026 revenue of CAD $8.3 million by four. This calculation is for illustrative purposes only to demonstrate the current revenue scale following the completion of its Drone as a Service (DaaS) acquisitions and should not be interpreted as management's financial guidance for fiscal 2026. The run rate reflects the strength of its DaaS model and the integration of acquisitions completed over the past year, with the company viewing this figure as a baseline anticipating further growth as newly acquired businesses contribute a full twelve months of revenue later in fiscal 2026.

Shaun Passley, Ph.D., CEO of ZenaTech, attributed the performance to the company's acquisition-led strategy and active DaaS pipeline. ZenaTech’s primary revenue engine remains the DaaS segment, through which the company acquires operationally mature but under-digitized service businesses and integrates its ZenaDrone proprietary drone platforms and AI analytics into their workflows. The company continues to target land survey and geospatial mapping, infrastructure and asset inspection, and exterior building cleaning businesses — sectors where drone-enabled service delivery can provide an immediate productivity advantage. As drone utilization deepens within each portfolio company, ZenaTech anticipates revenue expansion through capacity growth, contract upsell, new drone-derived data product lines, and improved operating margins.

Several acquisitions completed during fiscal 2025 and the first half of fiscal 2026 contributed only partial-year revenue in the periods they closed. These businesses are expected to contribute a full twelve-month revenue run rate for the first time during the balance of fiscal 2026. ZenaTech continues to pursue acquisitions through its Partnership Acquisition Program, focusing on defense technology, enterprise SaaS, AI infrastructure, and specialty manufacturing.

Key Financial Metrics

Industry Developments

ZenaTech announced the development of a new AI-enabled camera system with integrated LED illumination for its ZenaDrone IQ Nano indoor drone platform. Manufactured by its Spider Vision Sensors subsidiary, the system enhances low-light operations for inventory management and security. Prototype units are undergoing testing in Sharjah, UAE, with additional units in production for expanded trials.

Other industry players are advancing autonomous drone capabilities. EHang Holdings Limited has been selected for Hong Kong's "Low-Altitude Economy Regulatory Sandbox X" initiative to advance pilotless eVTOL aircraft. Ondas Inc. is collaborating with Lockheed Martin Corporation to integrate counter-UAS technology for military protection. Quantum Cyber N.V. has aligned its platform with U.S. executive priorities on Quantum Information Science.

ZenaTech, Inc. is preparing to submit its IQ Quad land survey drone for Blue UAS certification, a move intended to enable future procurement by the U.S. government and defense agencies. The certification, administered through the U.S. Department of Defense framework, verifies cybersecurity controls, supply-chain documentation, and NDAA compliance. Achieving this status would position the IQ Quad for direct procurement eligibility by defense agencies, federal departments, and allied government buyers.

The IQ Quad is an autonomous AI quadcopter designed for land surveying, geospatial mapping, and terrain modeling. It also supports infrastructure inspection and environmental monitoring. The drone is currently undergoing testing, sensor integration, and final documentation before submission through the Green-to-Blue UAS pathway.

Certification and Strategic Goals

Preparing the IQ Quad for the Blue UAS certification process is a strategic step to expand ZenaTech's portfolio of trusted, NDAA-compliant drone solutions. The company believes certification will open sales opportunities with U.S. government organizations requiring secure, high-precision geospatial mapping and land surveying capabilities.

Potential Government Clients

ZenaTech identified several potential clients for the IQ Quad, including:

• Army Corps of Engineers
• Air Force Civil Engineer Center
• U.S. Geological Survey
• Bureau of Land Management

Company Context

ZenaDrone, a subsidiary of ZenaTech, currently has three drone platforms in the multi-month Green-to-Blue UAS evaluation process. The company develops AI-powered drones for surveying, inspections, logistics, security, and defense applications. In addition to hardware, ZenaTech operates a Drone-as-a-Service business and an enterprise SaaS division.