The massive EPS miss and $45.2M net loss signal that ZENA is still in a high-burn investment phase with no near-term profitability path. Traders should watch for any equity or debt offering to fund operations, as the $15.1M cash balance may not sustain the current burn rate for more than 2-3 quarters. Monitor for defense contract announcements or DaaS margin improvement as catalysts, but avoid long positions until cash flow trends improve.
Price Chart
Executive Summary
ZenaTech reported Q4 2025 EPS of -$0.93, a 322.7% miss vs the -$0.22 consensus, with revenue of $6.3M (no consensus comparison available). Full-year 2025 revenue hit a record $12.9M (558% YoY growth), driven by the new Drone as a Service segment ($10.1M, 78% of total), but the net loss widened to $45.2M due to heavy investment in DaaS and defense. The massive EPS miss and widening losses overshadow the revenue growth, making this a bearish report for a pre-revenue-stage company burning cash aggressively.
Key Financial Metrics
Key Facts
- Q4 2025 EPS of -$0.93 missed consensus of -$0.22 by 322.7%
- Full-year 2025 revenue of $12.9M, up 558% YoY from $2.0M
- Drone as a Service segment contributed $10.1M (78% of total revenue) in first full year
- Enterprise SaaS revenue of $2.8M, up 43% YoY
- Net loss of $45.2M in 2025, reflecting heavy investment in DaaS and defense
- Cash and reserves up 301% to $15.1M; working capital up 439% to $18.3M
- Completed 20 acquisitions in 2025; DaaS network expanded to 24 locations globally
- Defense segment advancing with interceptor drone prototypes and Green UAS certification pathway
Financial Impact
Q4 EPS miss of -$0.71 vs consensus; full-year net loss of $45.2M on $12.9M revenue
Risk Factors
- Continued cash burn may require dilutive financing within 12 months
- DaaS integration and drone conversion may not deliver expected margin improvements
- Defense contract wins are uncertain and may take years to materialize
- Heavy reliance on M&A for growth creates integration and goodwill impairment risk
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 press release from GlobeNewswire.
| Document | Accession Number |
|---|---|
| PRESS-RELEASE Data (Synthetic) | press-3287584 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 14, 2026 12d ago | 6-K | $1.12 | awaiting T+20 | — | $0.9150 (−18.30%) |
Oct 8, 2026 18d ago | 424B5 | $1.11 | awaiting T+20 | — | $0.9150 (+17.57%) |
Oct 8, 2026 19d ago | 6-K | $1.32 | awaiting T+20 | — | $0.9150 (−30.68%) |
Oct 6, 2026 20d ago | 6-K | $1.35 | awaiting T+20 | — | $0.9150 (−32.22%) |
Oct 2, 2026 24d ago | 6-K | $1.28 | awaiting T+20 | — | $0.9150 (−28.52%) |
Sep 29, 2026 28d ago | Press Release | $1.47 | awaiting T+20 | — | $0.9150 (+37.76%) |
Sep 15, 2026 6w ago | Press Release | $1.41 $1.07 | ▼ −24.11% | ▼ −27.09% | $0.9150 (−35.11%) |
Jul 20, 2026 14w ago | 6-K | $1.51 $2.04 | ▲ +35.10% | ▲ +32.54% | $0.9150 (−39.40%) |
Jul 16, 2026 14w ago | Press Release | $1.53 $2.13 | ▲ +39.22% | ▲ +35.60% | $0.9150 (−40.20%) |
Jun 30, 2026 17w ago | Press Release | $1.50 $1.37 | ▼ −8.67% | ▼ −7.64% | $0.9150 (−39.00%) |
US Market Status
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