Why Is ZENA Stock Rising Today?

• The company expanded its DaaS footprint during the quarter, completing its 23rd acquisition of land survey and legacy service businesses.
• ZenaTech stated that it added new commercial drone products to the ZenaDrone IQ Series portfolio in Q1, marking its entry into the counter-unmanned aerial systems market.
• The company stated that the expansion included the launch of two interceptor drones designed to operate as part of an integrated defense system.

Shares of ZenaTech Inc. (ZENA) rose about 14% in Wednesday’s opening trade after the company reported a 643% year-over-year surge in its first-quarter (Q1) revenue.

ZenaTech reported a loss of $0.51 per share on revenue of C$8.4 million ($6.06 million), compared to a loss of $0.25 per share on revenue of C$1.13 million during the year-ago period.

The company credited its record Q1 performance to the success of its drone-as-a-service (DaaS) offerings.

“The first quarter of 2026 was another record-breaking quarter for ZenaTech as we executed on our strategy of acquiring legacy land survey companies and experienced licenced operators with longstanding customers and migrating them to Drone as a Service drone-based automation,” said ZenaTech CEO Shaun Passley.

ZenaTech shares were up about 7% in Wednesday’s opening trade after paring some of the gains.

ZENA’s DaaS Segment Brings In 93% Of Revenue

ZenaTech reported that its DaaS segment accounted for about 93% of the company’s total revenue in Q1, at C$7.8 million.

The company expanded its DaaS footprint during the quarter, completing its 23rd acquisition of land survey and legacy service businesses. The network now spans 10 U.S. states, Canada, the U.K., and, most recently, Australia.

Including its corporate-owned locations in Orlando, Dublin, and Dubai, ZenaTech stated that it now operates 26 DaaS locations globally.

The quarter also saw the addition of new commercial drone products to the ZenaDrone IQ Series portfolio and marked the company's entry into the counter-unmanned aerial systems (Counter-UAS) market.

ZenaTech stated that the expansion included the launch of two interceptor drones designed to operate within an integrated defense system.

“We believe the fundamental trajectory of the business remains strong and will continue to grow as the demand for our integrated suite of cost-effective drone services and solutions accelerates in 2026,” Passley added.

ZENA Launches New Drone-Powered Land Survey Services

ZenaTech stated that it rolled out new land survey services powered by its drone services during the quarter. These services are aimed at the residential homebuilding sector and golf course operators engaged in developing new courses or upgrading existing facilities.

The company also reported several advancements across its defense-focused product portfolio, including the unveiling of the IQ Aqua underwater drone prototype for landmine detection and the development of a Quantum navigation system designed for GPS-denied environments.

ZenaTech has also submitted an application under the Green/Blue UAS certification pathway for the ZenaDrone 1000, making it the company's third drone seeking qualification for procurement by U.S. defense agencies.

How Did Retail Investors React To ZENA Stock?

Retail sentiment on Stocktwits around ZenaTech trended in the ‘bullish’ territory, with message volumes at ‘high’ levels at the time of writing.

ZENA stock is down 50% year-to-date and 47% over the past 12 months. The iShares Micro-Cap ETF (IWC) is up 55% over the past 12 months, while the REX Drone ETF (DRNZ) is up 11%.

C$1 = $0.72

Also See: Wall Street's Biggest Bull Turns Cautious Even As S&P 500 Tops 7,600: Yardeni Warns Oil, Fed And Mega IPOs Could Shake Up Record Rally

For updates and corrections, email newsroom[at]stocktwits[dot]com.