ZenaTech, Inc. (NASDAQ:ZENA) has reported average organic revenue growth of 27.1% across its Drone as a Service (DaaS) operations in 2026, while issuing a higher preliminary revenue outlook for the third quarter.
The company expects third-quarter revenue of between C$13.4 million and C$14.8 million (US$9.5 million to US$10.5 million), compared with reported second-quarter revenue of C$9.3 million (approximately US$6.6 million).
The forecast represents a sequential increase of approximately 44% to 59%, reflecting continued expansion of the company’s drone-based surveying and inspection activities.
ZenaTech attributed the organic growth to the integration of drones and artificial intelligence into existing business operations, workforce training and targeted marketing initiatives.
The company emphasised that its third-quarter revenue figures remain preliminary and unaudited, with final results potentially differing from the announced estimates.
ZenaTech reported average organic revenue growth of 27.1% across approximately 20 DaaS locations, primarily based in the United States, that were added to its operations during 2025.
The reported growth excludes acquisitions completed during 2026, providing a measure of performance within the earlier group of businesses.
Some individual locations achieved organic revenue growth exceeding 40%, according to the company.
ZenaTech’s DaaS strategy involves acquiring established surveying and inspection businesses and incorporating drone technology and AI-enabled processes into their existing operations.
The approach is intended to improve productivity, expand service capacity and create opportunities for additional revenue without relying exclusively on further acquisitions.
The company said the reported performance demonstrates the potential of its operating model to generate growth within acquired businesses.
However, the 27.1% figure represents an average across the specified locations rather than a consolidated organic revenue growth rate for ZenaTech as a whole.
ZenaTech expects to report third-quarter 2026 revenue in the range of C$13.4 million to C$14.8 million.
The company provided equivalent US dollar estimates of approximately US$9.5 million to US$10.5 million.
This compares with second-quarter revenue of C$9.3 million, or approximately US$6.6 million.
At the lower end of the projected range, revenue would increase by approximately 44.1% compared with the previous quarter.
At the upper end, the increase would reach approximately 59.1%.
The forecast indicates a substantial sequential expansion in reported revenue, although the company did not provide a detailed breakdown of the contributions from organic growth and acquisitions.
DaaS operations accounted for approximately 93% of ZenaTech’s total revenue during the second quarter, making the segment the principal contributor to the company’s business.
Management cautioned that the third-quarter figures are unaudited estimates and remain subject to finalisation.
ZenaTech identified the introduction of drones and artificial intelligence into traditional surveying and inspection workflows as a major factor behind its organic revenue growth.
The company has been integrating drone technology into established businesses to support services that previously relied more heavily on conventional fieldwork.
Drones can be used to collect aerial imagery and survey information, while AI-enabled tools can assist with processing and analysing the resulting data.
ZenaTech has also been training existing land surveyors to operate drones, allowing employees to expand their capabilities and support additional service demand.
The company said these changes have helped increase operational capacity across its DaaS locations.
By combining established customer relationships with additional technology capabilities, ZenaTech aims to generate further revenue from its existing operating businesses.
The company did not disclose specific productivity improvements or cost savings associated with these initiatives.
Alongside operational changes, ZenaTech has increased marketing investment and developed packaged services for specific customer segments.
The company identified AI data centre construction and large-scale residential homebuilding as areas of focus.
Both sectors require surveying, mapping and inspection services during various stages of development.
ZenaTech is seeking to position its DaaS operations to provide these services through a combination of conventional surveying expertise and drone-based technology.
The company believes that targeted service packages can help acquired businesses reach additional customers and increase revenue opportunities.
However, ZenaTech did not disclose the value of contracts associated with these sectors or quantify their individual contributions to the reported organic growth.
ZenaTech Chief Executive Officer Shaun Passley, Ph.D., said the performance of the company’s 2025-acquired locations supports its Drone as a Service strategy.
“Over 27% organic growth across the locations we acquired in 2025 shows the Drone as a Service model working as designed: we acquire established survey and inspection businesses, introduce drones and AI into their workflow, and see the results in their revenue,” Passley said.
The company’s model is based on acquiring existing service providers and subsequently expanding their capabilities through technology integration.
This approach allows ZenaTech to build on established operations while introducing additional services and potentially improving efficiency.
The reported organic growth indicates that the company has achieved revenue expansion within the specified group of locations, although future performance will depend on continued customer demand and successful execution of its strategy.
ZenaTech also referenced industry data from IBISWorld to provide context for its reported performance.
According to the cited research, the US Surveying and Mapping Services industry recorded a compound annual growth rate of approximately 1.3% between 2021 and 2026.
The company’s reported average organic growth of 27.1% across its selected DaaS locations is substantially higher than that industry benchmark.
However, the two figures measure different periods and business populations and are not directly comparable on a like-for-like basis.
ZenaTech’s growth figure relates to locations added in 2025, while the IBISWorld estimate reflects the broader industry’s annualised performance over five years.
The comparison nevertheless provides context for the company’s emphasis on technology adoption as a potential source of additional revenue growth.
ZenaTech’s latest announcement highlights two areas of development: organic growth within its established DaaS locations and an anticipated increase in consolidated quarterly revenue.
The company expects third-quarter revenue to reach between C$13.4 million and C$14.8 million, compared with C$9.3 million in the preceding quarter.
Its DaaS business remains central to the operating strategy, having accounted for approximately 93% of second-quarter revenue.
The company’s continued expansion will depend on its ability to integrate acquired businesses, increase service capacity and sustain demand across surveying and inspection markets.
Investors will be looking for confirmation of the preliminary revenue estimates when ZenaTech publishes its final third-quarter financial results.
Further disclosures may also clarify the relative contributions of organic growth, newly acquired businesses and technology-driven service expansion.
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