Watch for final Q3 2026 results and any guidance update on the path to breakeven. The increased ATM capacity ($150M) and ongoing net losses suggest continued dilution risk. Monitor adoption of new AI/ZenaWorx products and any acquisition announcements that could delay the 2027 breakeven target.
Price Chart
Executive Summary
ZenaTech reported preliminary Q3 2026 revenue of C$13.4M-C$14.8M (US$9.5M-US$10.5M), representing 44%-59% sequential growth, and targets Adjusted EBITDA breakeven in 2027. First-half 2026 revenue grew 425% YoY to C$17.73M (US$12.6M), but net loss widened to C$49.09M (US$34.8M) as operating expenses outpaced revenue. The company also announced several product developments (AI survey software, ZenaWorx construction platform, Stacklens smart glasses) that are at early development or prototype stages with no near-term revenue contribution.
Key Financial Metrics
Key Facts
- First-half 2026 revenue of C$17.73M (US$12.6M), up 425% YoY from C$12.9M in all of 2025
- Preliminary Q3 2026 revenue estimate of C$13.4M-C$14.8M (US$9.5M-US$10.5M), 44%-59% sequential growth
- Net loss of C$49.09M (US$34.8M) in first-half 2026 vs C$22.54M in Q2 2026 alone
- DaaS revenue accounted for 93% of first-half 2026 revenue at C$16.44M (US$11.7M)
- Cash and marketable securities of C$34.6M (US$24.5M) at June 30, 2026
- Management targeting Adjusted EBITDA breakeven in 2027, but may defer for strategic investments
- ATM offering capacity increased from $75M to $150M on October 9, 2026; ~$57M already raised via ~29.7M shares
- New AI software suite for LiDAR survey processing in development/testing stage
- ZenaWorx construction monitoring platform has first paying customer for AI data center monitoring
- Stacklens AI smart glasses at prototype stage, customer pilots expected in 2027
Financial Impact
First-half 2026 revenue C$17.73M, net loss C$49.09M; preliminary Q3 revenue C$13.4M-C$14.8M
Segment Breakdown
| Segment | Revenue |
|---|---|
| DaaS | $16.4M |
Risk Factors
- Continued net losses and negative operating cash flow
- Significant dilution from increased ATM offering capacity ($150M, with ~$57M already raised)
- Preliminary Q3 revenue estimates subject to quarter-end adjustments
- 2027 Adjusted EBITDA breakeven target is aspirational and may be deferred by strategic investments
- All new product platforms (AI survey software, ZenaWorx, Stacklens) are in early development with no near-term revenue
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001376474-26-000678 |
| Document: zt_ex99z3.htm | 0001376474-26-000678 |
| Document: zt_ex99z2.htm | 0001376474-26-000678 |
| Document: zt_ex99z1.htm | 0001376474-26-000678 |
| Document: zt_6k.htm | 0001376474-26-000678 |
| Document: 0001376474-26-000678-index-headers.html | 0001376474-26-000678 |
| Document: 0001376474-26-000678-index.html | 0001376474-26-000678 |
| Document: 0001376474-26-000678.txt | 0001376474-26-000678 |
| 6-K Earnings Context (Synthetic) | 0001376474-26-000678 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 28, 2026 1d ago | 6-K | $0.9242 | awaiting T+1 | awaiting T+1 | $0.9235 (−0.08%) |
Oct 28, 2026 1d ago | 6-K | $0.9240 $0.9235 | ▲ +0.05% | ▼ −0.33% | $0.9235 (+0.05%) |
Oct 14, 2026 15d ago | 6-K | $1.12 $1.03 | ▼ −8.04% | ▼ −6.93% | $0.9235 (−17.54%) |
Oct 8, 2026 20d ago | 424B5 | $1.11 $1.09 | ▲ +1.80% | ▲ +1.74% | $0.9235 (+16.80%) |
Oct 8, 2026 21d ago | 6-K | $1.32 $1.11 | ▼ −15.91% | ▼ −16.51% | $0.9235 (−30.04%) |
Oct 6, 2026 22d ago | 6-K | $1.35 $1.32 | ▼ −2.22% | ▼ −1.80% | $0.9235 (−31.59%) |
Oct 2, 2026 27d ago | 6-K | $1.28 $1.30 | ▲ +1.56% | ▲ +1.01% | $0.9235 (−27.85%) |
Sep 29, 2026 4w ago | Press Release | $1.47 $1.31 | ▲ +10.88% | ▲ +10.68% | $0.9235 (+37.18%) |
Sep 15, 2026 6w ago | Press Release | $1.41 $1.47 | ▲ +3.90% | ▲ +4.34% | $0.9235 (−34.50%) |
Jul 20, 2026 14w ago | 6-K | $1.51 $1.51 | · 0.00% | ▲ +0.12% | $0.9235 (−38.84%) |
US Market Status
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