ZenaTech's Q1 revenue jumped 640% to CAD 8.4 million, with its Drone-as-a-Service model contributing 93%. The company completed 24 acquisitions to build its service network.
Alpha Score of 49 reflects weak overall profile with strong momentum, poor value, moderate quality. Based on 3 of 4 signals – score is capped at 90 until remaining data ingests.
ZenaTech's first-quarter revenue surged 640% to CAD 8.4 million, with its Drone-as-a-Service model accounting for 93% of sales. The Nasdaq-listed firm said DaaS contributed roughly CAD 7.8 million in the period ended March 31.
The DaaS model lets enterprise customers rent drone equipment and trained operators instead of buying and maintaining their own fleet. That shifts ZenaTech's business from one-time equipment sales toward recurring service revenue. For the full year 2025, revenue reached CAD 12.9 million, up 558% from about CAD 2 million in 2024. DaaS, in its first full year, delivered CAD 10.1 million, or 78% of total revenue.
ZenaTech built the service network through acquisitions. In 2025 it completed 20 deals, mostly engineering data and facility inspection providers, plus one enterprise software company. By June 2026 it had closed its 24th DaaS-related acquisition, adding property cleaning and facility inspection services. The acquired businesses bring existing customer contracts and local teams, which ZenaTech then layers with drones and automated data collection.
The company's ZenaDrone subsidiary produces two models. The IQ Quad handles site data collection and 3D modelling. The IQ Nano uses barcode and RFID scanning for inventory records and shelf inspections.
The revenue growth and rising DaaS share give investors a set of measurable indicators for how the company's technology is converting into subscription-style revenue. Recurring service revenue typically commands higher valuation multiples in the tech sector, though ZenaTech remains a small-cap stock with a market value that reflects its early stage.
ZenaTech completed its 24th DaaS acquisition by the end of June.
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