Hi Folks,
The numbers coming out of ZenaTech, Inc. (Nasdaq: ZENA) continue to get my attention.
After reporting 425% year-over-year revenue growth in the first half of 2026, ZenaTech now estimates third-quarter revenue of C$13.4M to C$14.8M.
That would represent another 44% to 59% sequential increase from Q2.
And now management has added another milestone to the story:
Adjusted EBITDA breakeven in 2027.
ZENA's Revenue Momentum Is Building
There's a reason I've kept ZENA on my radar.
The company's Drone-as-a-Service business has been expanding quickly, and we're now seeing that growth show up in the numbers.
First-half revenue reached C$17.73M, up 425% year over year.
Of that, C$16.44M came from DaaS, representing roughly 93% of total first-half revenue.
But there's another number I think really puts the pace of this expansion into perspective.
ZenaTech generated more revenue during the first six months of 2026 than it did during all of 2025.
And the company may be heading into another strong quarter.
ZenaTech's preliminary Q3 estimate calls for as much as C$14.8M in revenue.
At the high end, that's approximately 59% sequential growth from Q2.
That's the number that jumped out at me.
Growth With a New Financial Target
Management isn't only talking about expanding the top line.
It's now targeting 2027 as a potential year for adjusted EBITDA breakeven, supported by continued revenue growth, a larger DaaS operation and anticipated operating efficiencies.
Meanwhile, ZenaTech intends to keep pursuing opportunities across acquisitions, defense technologies, international expansion and emerging commercial markets.
So you have a company continuing to push for growth while management also begins focusing on the next stage of its financial development.
That's an interesting combination.
Look at the Progression
425% first-half revenue growth.
316% Q2 revenue growth.
Up to 59% estimated sequential Q3 growth.
93% of first-half revenue coming from Drone-as-a-Service.
And now management is targeting adjusted EBITDA breakeven in 2027.
Those aren't small numbers.
More importantly, we're seeing the growth carry from one reporting period into the next as ZenaTech continues expanding its drone operations.
That's why ZENA remains high on my watchlist.
Pull up ZenaTech, Inc. (Nasdaq: ZENA) and keep ZENA on your screen today.
To your success,
Michael Reece
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