ZenaTech Touts Drone-Led Revenue Surge, 20 Acquisitions, and Push into U.S. Defense

Company highlights evolving business mix, acquisition strategy, and defense-market ambitions at recent investor conference

Published on Feb. 5, 2026

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ZenaTech (NASDAQ:ZENA) executives outlined the company's evolving business mix, acquisition strategy, and defense-market ambitions during a recent presentation. The discussion featured Linda Montgomery, who leads corporate development and investor relations, and CFO Jim Sherman. ZenaTech has a three-part business model focused on drones, services, and SaaS, and has completed 20 acquisitions to date, shifting its revenue mix from primarily software to over 60% from drones. The company is pursuing defense opportunities, including obtaining certifications, opening a D.C. office, and developing military-focused drone platforms.

Why it matters

ZenaTech's transition from a software-focused company to one with a significant drone business, along with its push into the lucrative U.S. defense market, represents a major strategic shift that could drive substantial growth if successful. The company's acquisition strategy and vertical integration efforts also highlight its ambition to become a diversified technology conglomerate serving multiple industries.

The details

ZenaTech designs and manufactures drones, operates a Drone-as-a-Service (DaaS) business, and owns an enterprise SaaS software portfolio. The company began in 2017-2018 and has acquired numerous software companies, using that revenue to fund drone development. ZenaTech went public in October 2024 via a direct listing on Nasdaq. In Q3 2025, the company reported revenue of $7.73 million, with over 60% coming from the drone division, up from $2 million in 2024 that was entirely from SaaS. ZenaTech is pursuing defense opportunities, including obtaining certifications, opening a D.C. office, and developing military-focused drone platforms like the ZenaDrone 1000. The company has also expanded its DaaS business through 20 acquisitions, primarily of land survey companies.

  • ZenaTech went public on October 1, 2024.
  • In Q3 2025, ZenaTech reported revenue of $7.73 million.
  • ZenaTech has completed 20 acquisitions to date.

The players

Linda Montgomery

Leads corporate development and investor relations at ZenaTech.

Jim Sherman

Chief Financial Officer of ZenaTech.

ZenaTech, Inc.

An enterprise software technology company that develops cloud-based software applications and integrated drone technology solutions for various industries.

ZenaDrone 1000

A medium-sized heavy-lift cargo drone targeted at defense applications.

ZenaAI

An AI-focused division of ZenaTech established in Louisiana, which will focus on advanced AI applications for the military.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This case highlights growing concerns in the community about repeat offenders released on bail, raising questions about bail reform, public safety on SF streets, and if any special laws to govern autonomous vehicles in residential and commercial areas.