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Voyager Technologies, Inc.(VOYG)Earnings, Financials & Key Ratios
VOYG•NYSE
$25.62
$1.49B mkt cap·Price updated May 7, 2026
AboutVoyager Technologies, Inc. operates as a defense technology and space solutions company in the United States, Europe, the Middle East, and internationally. It operates through three segments: Defense & National Security, Space Solutions, and Starlab Space Stations. The Defense & National Security segment provides defense systems, such as missile defense interceptors, kill vehicles, and hypersonic missiles and reentry systems; signal intelligence systems, including software solutions that deliver critical intelligence to the modern warfighter; communication technologies comprising radiation-hardened laser and RF communications systems and advanced electro-optical and digital systems; and guidance, navigation, and control systems consisting of sun sensors, star trackers, and inertial measurement units, as well as artificial intelligence powered edge computing products. The Space Solutions segment offers advanced space technology systems, such as in-space propulsion systems with applications for orbital servicing, manufacturing, and deep space exploration; space infrastructure, including software solutions that deliver critical intelligence to the modern warfighter; and space science and mission management products. The Starlab Space Stations segment operates a commercial space station and provides continued permanent human presence in space. It serves defense, national security, and space industries. The company was formerly known as Voyager Space Holdings, Inc. and changed its name to Voyager Technologies, Inc. in February 2025. Voyager Technologies, Inc. was incorporated in 2019 and is headquartered in Denver, Colorado.Show more
- Revenue$166M+15.4%
- EBITDA-$87M-170.3%
- Net Income-$105M-68.9%
- EPS (Diluted)-1.96-36.1%
- Gross Margin12.82%-47.0%
- EBITDA Margin-52.09%-134.2%
- Operating Margin-61.94%-84.3%
- Net Margin-62.98%-46.3%
- ROE-42.83%+68.9%
- ROIC-30.48%+20.9%
- Debt/Equity1.09-33.7%
- Interest Coverage-15.11-228.2%
VOYG Key Insights
Voyager Technologies, Inc. (VOYG) fundamental analysis — strengths, weaknesses & financial health based on data analysis
✓Strengths
No significant strengths identified
✗Weaknesses
- ✗Weak Piotroski F-Score: 3/9
- ✗Negative free cash flow
- ✗Shares diluted 100.0% in last year
- ✗Trading more than 30% below 52-week high
- ✗Expensive at 24.0x book value
- ✗Low asset turnover indicates capital-intensive operations
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
VOYG Price & Volume
Voyager Technologies, Inc. (VOYG) stock price & volume — 10-year historical chart
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VOYG Growth Metrics
Voyager Technologies, Inc. (VOYG) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Revenue CAGR
10 Years-
5 Years-
3 Years-
TTM-
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM-
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM-
Return on Capital
10 Years-26.04%
5 Years-26.04%
3 Years-26.04%
Last Year-19.13%
VOYG Recent Earnings
Voyager Technologies, Inc. (VOYG) EPS & revenue vs analyst estimates — last 4 quarters
●Beat EPS 1/6 qtrs (20%)●Beat Revenue 3/6 qtrs (60%)
Q2 2026Latest
May 5, 2026EPS
$0.61
Est $0.61
-0.8%
Revenue
$35M
Est $35M
+0.1%
Q2 2026
May 4, 2026EPS
$0.61
Est $0.61
-0.8%
Revenue
$35M
Est $35M
+0.1%
Q2 2026
Mar 9, 2026EPS
$0.61
Est $0.42
-45.2%
Revenue
$47M
Est $48M
-2.9%
Q4 2025
Nov 3, 2025EPS
$0.22
Est $0.24
+8.3%
Revenue
$40M
Est $48M
-17.6%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | May 5, 2026 | $0.61vs $0.61-0.8% | $35Mvs $35M+0.1% |
| Q2 2026 | May 4, 2026 | $0.61vs $0.61-0.8% | $35Mvs $35M+0.1% |
| Q2 2026 | Mar 9, 2026 | $0.61vs $0.42-45.2% | $47Mvs $48M-2.9% |
| Q4 2025 | Nov 3, 2025 | $0.22vs $0.24+8.3% | $40Mvs $48M-17.6% |
Based on last 6 quarters of dataView full earnings history →
VOYG Peer Comparison
Voyager Technologies, Inc. (VOYG) competitors in Space Systems and Launch — business model, growth, and fundamentals comparison
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 RDW | 1.52B | 9.20 | -4.04 | 10.29% | -80.9% | -29.03% | 0.22 | |
 ASTS | 19.12B | 65.35 | -48.76 | 15.05% | -482.16% | -21.06% | 0.01 | |
 LUNR | 1.41B | 24.11 | -34.44 | -7.87% | -46.11% | -36.34% | 1.83 | |
 RKLB | 45.24B | 78.58 | -212.38 | 37.96% | -26.87% | -12.26% | 0.15 | |
 SPCE | 158.24M | 2.51 | -0.18 | 3.47% | -176.16% | -129.53% | 1.30 | |
 LMT | 118.09B | 512.41 | 23.84 | 5.65% | 6.38% | 74.53% | 3.23 | |
 BA | 182.12B | 231.03 | 93.16 | 34.49% | 2.46% | 289.7% | 9.97 | |
 NOC | 78.41B | 552.07 | 18.98 | 2.24% | 10.8% | 28.05% | 1.18 |
Compare VOYG vs Peers
Voyager Technologies, Inc. (VOYG) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VOYG Income Statement
Voyager Technologies, Inc. (VOYG) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|
| Sales/Revenue | 136.06M | 144.18M | 166.42M | 167.16M |
| Revenue Growth % | - | 5.97% | 15.42% | - |
| Cost of Goods Sold | 108.28M | 109.27M | 145.08M | 157.18M |
| COGS % of Revenue | 79.58% | 75.78% | 87.18% | - |
| Gross Profit | 27.79M▲ 0% | 34.91M▲ 25.7% | 21.34M▼ 38.9% | 9.98M▲ 0% |
| Gross Margin % | 20.42% | 24.22% | 12.82% | 5.97% |
| Gross Profit Growth % | - | 25.66% | -38.88% | - |
| Operating Expenses | 41.96M | 83.36M | 124.41M | 131.41M |
| OpEx % of Revenue | 30.84% | 57.81% | 74.76% | - |
| Selling, General & Admin | 54.04M | 62.57M | 117.08M | 122.16M |
| SG&A % of Revenue | 39.72% | 43.4% | 70.36% | - |
| Research & Development | -18.54M | 7.61M | 12.75M | 16.22M |
| R&D % of Revenue | -13.63% | 5.28% | 7.66% | - |
| Other Operating Expenses | 6.46M | 13.18M | -5.43M | 1000K |
| Operating Income | -14.17M▲ 0% | -48.44M▼ 241.8% | -103.07M▼ 112.8% | -121.43M▲ 0% |
| Operating Margin % | -10.42% | -33.6% | -61.94% | -72.64% |
| Operating Income Growth % | - | -241.79% | -112.77% | - |
| EBITDA | -1.24M | -32.06M | -86.68M | -97.68M |
| EBITDA Margin % | -0.91% | -22.24% | -52.09% | -58.44% |
| EBITDA Growth % | - | -2477.57% | -170.33% | - |
| D&A (Non-Cash Add-back) | 12.93M | 16.38M | 16.39M | 23.75M |
| EBIT | -14.27M | -55.32M | -103.07M | -126.09M |
| Net Interest Income | -10.59M | -12.02M | -6.82M | -6.21M |
| Interest Income | 0 | 0 | 0 | 0 |
| Interest Expense | 10.59M | 12.02M | 6.82M | 6.21M |
| Other Income/Expense | -10.68M | -18.89M | -9.7M | -6.18M |
| Pretax Income | -24.86M▲ 0% | -67.34M▼ 170.9% | -112.77M▼ 67.5% | -127.61M▲ 0% |
| Pretax Margin % | -18.27% | -46.7% | -67.76% | -76.34% |
| Income Tax | 341K | -1.71M | -440K | 2.74M |
| Effective Tax Rate % | -1.37% | 2.54% | 0.39% | -2.15% |
| Net Income | -25.44M▲ 0% | -62.07M▼ 144.0% | -104.81M▼ 68.9% | -121.86M▲ 0% |
| Net Margin % | -18.7% | -43.05% | -62.98% | -72.9% |
| Net Income Growth % | - | -144.01% | -68.86% | - |
| Net Income (Continuing) | -25.2M | -65.63M | -112.33M | -130.35M |
| Discontinued Operations | 0 | 0 | 0 | 0 |
| Minority Interest | 42.76M | 36.13M | 45.81M | 47.24M |
| EPS (Diluted) | -0.74▲ 0% | -1.44▼ 94.6% | -1.96▼ 36.1% | -2.09▲ 0% |
| EPS Growth % | - | -94.59% | -36.11% | - |
| EPS (Basic) | -0.74 | -1.44 | -1.96 | - |
| Diluted Shares Outstanding | 58.23M | 58.23M | 402.13M | 58.34M |
| Basic Shares Outstanding | 58.23M | 58.23M | 402.13M | 58.34M |
| Dividend Payout Ratio | - | - | - | - |
VOYG Balance Sheet
Voyager Technologies, Inc. (VOYG) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|
| Total Current Assets | 69.2M | 101.58M | 581.3M | 508.7M |
| Cash & Short-Term Investments | 30.28M | 55.93M | 491.33M | 429.36M |
| Cash Only | 30.28M | 55.93M | 491.33M | 429.36M |
| Short-Term Investments | 0 | 0 | 0 | 0 |
| Accounts Receivable | 32.9M | 32.66M | 59.6M | 47.96M |
| Days Sales Outstanding | 88.25 | 82.69 | 130.73 | 99.21 |
| Inventory | 3.1M | 1.53M | 3.83M | 5.72M |
| Days Inventory Outstanding | 10.46 | 5.1 | 9.62 | 7.37 |
| Other Current Assets | 0 | 0 | 26.54M | 25.66M |
| Total Non-Current Assets | 119.69M | 146.01M | 469.15M | 515.01M |
| Property, Plant & Equipment | 23.54M | 57.61M | 182.45M | 233.33M |
| Fixed Asset Turnover | 5.78x | 2.50x | 0.91x | 1.10x |
| Goodwill | 46.52M | 46.52M | 157.67M | 157.67M |
| Intangible Assets | 44.27M | 34.68M | 98.98M | 94.75M |
| Long-Term Investments | 0 | 0 | 0 | 0 |
| Other Non-Current Assets | 5.37M | 7.21M | 30.05M | 82.15M |
| Total Assets | 188.89M▲ 0% | 247.6M▲ 31.1% | 1.05B▲ 324.3% | 1.02B▲ 0% |
| Asset Turnover | 0.72x | 0.58x | 0.16x | 0.19x |
| Asset Growth % | - | 31.08% | 324.26% | 180.12% |
| Total Current Liabilities | 111.22M | 87.41M | 133.03M | 111.25M |
| Accounts Payable | 13.49M | 22.79M | 27.39M | 19.85M |
| Days Payables Outstanding | 45.49 | 76.12 | 68.9 | 52.84 |
| Short-Term Debt | 45.15M | 665K | 0 | 6.76M |
| Deferred Revenue (Current) | 16.26M | 21.36M | 0 | 10.17M |
| Other Current Liabilities | 17.52M | 27.63M | 98.53M | 84.64M |
| Current Ratio | 0.62x | 1.16x | 4.37x | 4.37x |
| Quick Ratio | 0.59x | 1.14x | 4.34x | 4.34x |
| Cash Conversion Cycle | 53.21 | 11.67 | 71.45 | 53.73 |
| Total Non-Current Liabilities | 47.38M | 100.26M | 487.89M | 507.99M |
| Long-Term Debt | 30.56M | 88.35M | 447.63M | 484.56M |
| Capital Lease Obligations | 7.34M | 6.21M | 13.34M | 12.24M |
| Deferred Tax Liabilities | 2.67M | 112K | 8.86M | 21.08M |
| Other Non-Current Liabilities | 396K | 2.83M | 10.17M | 28.86M |
| Total Liabilities | 158.6M | 187.67M | 620.92M | 619.25M |
| Total Debt | 86.33M | 98.22M | 466.8M | 491.32M |
| Net Debt | 56.05M | 42.29M | -24.53M | 61.96M |
| Debt / Equity | 2.85x | 1.64x | 1.09x | 1.09x |
| Debt / EBITDA | - | - | - | -5.03x |
| Net Debt / EBITDA | - | - | - | -0.63x |
| Interest Coverage | -1.35x | -4.60x | -15.11x | -20.32x |
| Total Equity | 30.29M▲ 0% | 59.93M▲ 97.9% | 429.53M▲ 616.8% | 404.47M▲ 0% |
| Equity Growth % | - | 97.88% | 616.76% | 131.42% |
| Book Value per Share | 0.52 | 1.03 | 1.07 | 6.93 |
| Total Shareholders' Equity | -12.47M | 23.79M | 383.72M | 357.23M |
| Common Stock | 1K | 1K | 6K | 6K |
| Retained Earnings | -216.8M | -281.11M | -385.93M | -429.91M |
| Treasury Stock | 0 | 0 | -27.7M | -35.88M |
| Accumulated OCI | -189K | 28K | -95K | -64K |
| Minority Interest | 42.76M | 36.13M | 45.81M | 47.24M |
VOYG Cash Flow Statement
Voyager Technologies, Inc. (VOYG) cash flow — operating, investing & free cash flow history
| Line item | Dec'23 | Dec'24 | Dec'25 | TTM |
|---|---|---|---|---|
| Cash from Operations | -15.38M | -25.5M | -60.94M | -60.94M |
| Operating CF Margin % | -11.3% | -17.69% | -36.62% | - |
| Operating CF Growth % | - | -65.8% | -138.97% | -176.66% |
| Net Income | -25.2M | -65.63M | -104.81M | -121.86M |
| Depreciation & Amortization | 12.93M | 16.38M | 16.39M | 23.63M |
| Stock-Based Compensation | 2.71M | 3.76M | 18.92M | 23.03M |
| Deferred Taxes | -645K | -2.61M | -478K | 2.69M |
| Other Non-Cash Items | 1.81M | 25.5M | 17.74M | 42.09M |
| Working Capital Changes | -6.98M | -2.9M | -8.7M | -19.46M |
| Change in Receivables | -1.46M | -5.92M | -5.16M | 7.1M |
| Change in Inventory | 1.49M | 1.58M | -341K | -2.52M |
| Change in Payables | -1.56M | -6.07M | 4.07M | -197K |
| Cash from Investing | 11.6M | -27.77M | -261.61M | -240.75M |
| Capital Expenditures | -17.21M | -82.7M | -144.67M | -195.79M |
| CapEx % of Revenue | 12.65% | 57.36% | 86.93% | - |
| Acquisitions | 0 | 0 | -151.83M | -145.26M |
| Investments | - | - | - | - |
| Other Investing | 28.91M | 54.93M | 50.4M | 115.8M |
| Cash from Financing | 1.93M | 78.96M | 757.82M | 580.85M |
| Debt Issued (Net) | 7.49M | 11.45M | 379.08M | 381.1M |
| Equity Issued (Net) | 3.13M | 66.6M | 532.04M | 396.42M |
| Dividends Paid | 0 | 0 | -27.58M | -55.17M |
| Share Repurchases | 0 | 0 | -30.75M | -27.7M |
| Other Financing | -8.68M | 914K | -125.72M | -141.51M |
| Net Change in Cash | -1.84M▲ 0% | 25.65M▲ 1491.8% | 435.4M▲ 1597.4% | 253.87M▲ 0% |
| Free Cash Flow | -32.59M▲ 0% | -108.2M▼ 232.0% | -205.62M▼ 90.0% | -255.12M▲ 0% |
| FCF Margin % | -23.95% | -75.05% | -123.55% | -152.62% |
| FCF Growth % | - | -232.01% | -90.02% | - |
| FCF per Share | -0.56 | -1.86 | -0.51 | -0.51 |
| FCF Conversion (FCF/Net Income) | 0.60x | 0.41x | 0.58x | 2.09x |
| Interest Paid | 0 | 5.89M | 0 | 0 |
| Taxes Paid | 0 | 374K | 0 | -95K |
VOYG Key Ratios
Voyager Technologies, Inc. (VOYG) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2024 | 2025 | TTM |
|---|---|---|---|
| Return on Equity (ROE) | -137.61% | -42.83% | -23.95% |
| Return on Invested Capital (ROIC) | -38.54% | -30.48% | -30.48% |
| Gross Margin | 24.22% | 12.82% | 5.97% |
| Net Margin | -43.05% | -62.98% | -72.9% |
| Debt / Equity | 1.64x | 1.09x | 1.09x |
| Interest Coverage | -4.60x | -15.11x | -20.32x |
| FCF Conversion | 0.41x | 0.58x | 2.09x |
| Revenue Growth | 5.97% | 15.42% | - |
VOYG SEC Filings & Documents
Voyager Technologies, Inc. (VOYG) SEC filings — annual & quarterly reports (10-K, 10-Q)
VOYG Frequently Asked Questions
Voyager Technologies, Inc. (VOYG) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Voyager Technologies, Inc. (VOYG) reported $167.2M in revenue for fiscal year 2025. This represents a 23% increase from $136.1M in 2023.
Voyager Technologies, Inc. (VOYG) grew revenue by 15.4% over the past year. This is strong growth.
Voyager Technologies, Inc. (VOYG) reported a net loss of $121.9M for fiscal year 2025.
Dividend & Returns
Yes, Voyager Technologies, Inc. (VOYG) pays a dividend with a yield of 0.27%. This makes it attractive for income-focused investors.
Voyager Technologies, Inc. (VOYG) has a return on equity (ROE) of -42.8%. Negative ROE indicates the company is unprofitable.
Voyager Technologies, Inc. (VOYG) had negative free cash flow of $255.1M in fiscal year 2025, likely due to heavy capital investments.
Explore More VOYG
Voyager Technologies, Inc. (VOYG) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
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Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates