8-K Announcements
6Mar 9, 2026·SEC
Feb 12, 2026·SEC
Jan 8, 2026·SEC
Voyager Therapeutics, Inc. (VYGR) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Voyager Therapeutics, Inc. (VYGR) stock price & volume — 10-year historical chart
Voyager Therapeutics, Inc. (VYGR) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Voyager Therapeutics, Inc. (VYGR) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q2 2026Latest | Mar 9, 2026 | $0.46vs $0.54+14.8% | $15Mvs $10M+46.2% |
| Q4 2025 | Nov 10, 2025 | $0.47vs $0.53+11.3% | $13Mvs $10M+27.4% |
| Q3 2025 | Aug 6, 2025 | $0.57vs $0.48-18.8% | $5Mvs $8M-33.8% |
| Q2 2025 | May 6, 2025 | $0.53vs $0.35-51.4% | $6Mvs $14M-53.5% |
Voyager Therapeutics, Inc. (VYGR) competitors in Cell and Gene Therapy Developers — business model, growth, and fundamentals comparison
Voyager Therapeutics, Inc. (VYGR) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Voyager Therapeutics, Inc. (VYGR) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 10.13M | 7.62M | 104.39M | 171.13M | 37.41M | 40.91M | 250.01M | 80M | 40.37M |
| Revenue Growth % | -28.73% | -24.82% | 1270.14% | 63.93% | -78.14% | 9.33% | 511.16% | -68% | -49.53% |
| Cost of Goods Sold | 62.26M | 64.91M | 119.73M | 108.75M | 73.79M | 55.76M | 92.17M | 0 | 0 |
| COGS % of Revenue | 614.31% | 851.88% | 114.7% | 63.55% | 197.21% | 136.32% | 36.87% | - | - |
| Gross Profit | -52.13M▲ 0% | -57.29M▼ 9.9% | -15.34M▲ 73.2% | 62.38M▲ 506.5% | -36.37M▼ 158.3% | -14.86M▲ 59.2% | 157.84M▲ 1162.4% | 80M▼ 49.3% | 0▼ 100.0% |
| Gross Margin % | -514.31% | -751.88% | -14.7% | 36.45% | -97.21% | -36.32% | 63.13% | 100% | - |
| Gross Profit Growth % | -85.97% | -9.9% | 73.22% | 506.51% | -158.31% | 59.15% | 1162.37% | -49.31% | -100% |
| Operating Expenses | 82M | 98.71M | 36.34M | 34.99M | 37.25M | 35.98M | 35.82M | 163.29M | 172.22M |
| OpEx % of Revenue | 809.06% | 1295.63% | 34.81% | 20.45% | 99.55% | 87.96% | 14.33% | 204.11% | 426.56% |
| Selling, General & Admin | 19.74M | 33.81M | 36.34M | 34.99M | 37.25M | 30.98M | 35.82M | 35.92M | 37.54M |
| SG&A % of Revenue | 194.75% | 443.75% | 34.81% | 20.45% | 99.55% | 75.73% | 14.33% | 44.9% | 92.99% |
| Research & Development | 62.26M | 64.91M | 119.73M | 108.75M | 73.79M | 60.76M | 92.17M | 127.37M | 134.67M |
| R&D % of Revenue | 614.31% | 851.88% | 114.7% | 63.55% | 197.21% | 148.54% | 36.87% | 159.21% | 333.57% |
| Other Operating Expenses | 1.17M | 2.63M | -119.73M | -108.75M | -73.79M | -55.76M | -92.17M | 0 | 0 |
| Operating Income | -71.86M▲ 0% | -91.09M▼ 26.8% | -51.68M▲ 43.3% | 27.38M▲ 153.0% | -73.62M▼ 368.8% | -50.84M▲ 30.9% | 122.01M▲ 340.0% | -83.29M▼ 168.3% | -131.84M▼ 58.3% |
| Operating Margin % | -709.06% | -1195.63% | -49.51% | 16% | -196.76% | -124.27% | 48.8% | -104.11% | -326.56% |
| Operating Income Growth % | -74.01% | -26.76% | 43.27% | 152.99% | -368.84% | 30.94% | 340.01% | -168.26% | -58.3% |
| EBITDA | -70.27M | -88.98M | -48.91M | 31.2M | -68.45M | -44.65M | 126.45M | -78.56M | -131.84M |
| EBITDA Margin % | -693.32% | -1167.84% | -46.86% | 18.23% | -182.96% | -109.14% | 50.58% | -98.19% | -326.56% |
| EBITDA Growth % | -72.7% | -26.63% | 45.03% | 163.79% | -319.39% | 34.78% | 383.24% | -162.12% | -67.83% |
| D&A (Non-Cash Add-back) | 1.59M | 2.12M | 2.77M | 3.82M | 5.17M | 6.19M | 4.44M | 4.73M | 0 |
| EBIT | -71.86M | -91.09M | -51.68M | 27.38M | -73.62M | -45.84M | 122.01M | -83.29M | 0 |
| Net Interest Income | 1.23M | 3.31M | 6.46M | 1.66M | 0 | 1.79M | 11.72M | 18.33M | 0 |
| Interest Income | 1.23M | 3.31M | 6.46M | 1.66M | 0 | 1.79M | 11.72M | 18.33M | 10.62M |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Income/Expense | 1.17M | 2.63M | 8.08M | 9.36M | 2.42M | 4.45M | 11.72M | 18.95M | 12.27M |
| Pretax Income | -70.7M▲ 0% | -88.47M▼ 25.1% | -43.6M▲ 50.7% | 36.74M▲ 184.3% | -71.2M▼ 293.8% | -46.39M▲ 34.8% | 133.74M▲ 388.3% | -64.34M▼ 148.1% | -119.58M▼ 85.9% |
| Pretax Margin % | -697.56% | -1161.15% | -41.76% | 21.47% | -190.29% | -113.41% | 53.49% | -80.42% | -296.17% |
| Income Tax | 0 | -180K | 0 | 0 | 0 | 16K | 1.41M | 665K | 144K |
| Effective Tax Rate % | 0% | 0.2% | 0% | 0% | 0% | -0.03% | 1.05% | -1.03% | -0.12% |
| Net Income | -70.7M▲ 0% | -88.29M▼ 24.9% | -43.6M▲ 50.6% | 36.74M▲ 184.3% | -71.2M▼ 293.8% | -46.41M▲ 34.8% | 132.33M▲ 385.1% | -65M▼ 149.1% | -119.72M▼ 84.2% |
| Net Margin % | -697.56% | -1158.79% | -41.76% | 21.47% | -190.29% | -113.45% | 52.93% | -81.25% | -296.53% |
| Net Income Growth % | -75.9% | -24.88% | 50.62% | 184.27% | -293.78% | 34.82% | 385.14% | -149.12% | -84.18% |
| Net Income (Continuing) | -70.7M | -88.29M | -43.6M | 36.74M | -71.2M | -46.41M | 132.33M | -65M | -119.72M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -2.64▲ 0% | -2.75▼ 4.2% | -1.14▲ 58.5% | 0.98▲ 186.0% | -1.75▼ 278.6% | -1.21▲ 30.9% | 2.97▲ 345.5% | -1.13▼ 138.0% | -2.04▼ 80.5% |
| EPS Growth % | -66.04% | -4.17% | 58.55% | 185.96% | -278.57% | 30.86% | 345.45% | -138.05% | -80.53% |
| EPS (Basic) | -2.64 | -2.75 | -1.14 | 0.99 | -1.75 | -1.21 | 3.08 | -1.13 | -2.04 |
| Diluted Shares Outstanding | 26.8M | 32.07M | 35.9M | 37.35M | 37.67M | 38.36M | 44.57M | 57.67M | 58.69M |
| Basic Shares Outstanding | 26.8M | 32.07M | 35.9M | 37.13M | 37.67M | 38.36M | 43.02M | 57.67M | 58.69M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - |
Voyager Therapeutics, Inc. (VYGR) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 171.79M | 162.48M | 304.66M | 197.77M | 136.7M | 124.5M | 319.68M | 276.81M | 202.69M |
| Cash & Short-Term Investments | 169.05M | 155.81M | 281.53M | 181.14M | 132.54M | 118.85M | 230.88M | 266.68M | 196.45M |
| Cash Only | 31.53M | 46.86M | 86.04M | 104.44M | 117.43M | 98.96M | 68.8M | 71.37M | 65.3M |
| Short-Term Investments | 137.52M | 108.95M | 195.49M | 76.7M | 15.11M | 19.89M | 162.07M | 195.32M | 131.15M |
| Accounts Receivable | 0 | 201K | 18.7M | 8.01M | 748K | 639K | 84.45M | 4.49M | 1.76M |
| Days Sales Outstanding | - | 9.63 | 65.38 | 17.09 | 7.3 | 5.7 | 123.3 | 20.49 | 15.92 |
| Inventory | 1.85M | 5.11M | 2.2M | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | 10.85 | 28.76 | 6.71 | - | - | - | - | - | - |
| Other Current Assets | 2.22M | 1.36M | 1.95M | 7.16M | 1.7M | 4.23M | 2.63M | 2.87M | 4.48M |
| Total Non-Current Assets | 12.69M | 14.55M | 50.1M | 63.81M | 57.16M | 34.86M | 31.6M | 116.24M | 49.59M |
| Property, Plant & Equipment | 10.28M | 12.77M | 46.46M | 61.5M | 55.38M | 33.34M | 30M | 47.66M | 41.61M |
| Fixed Asset Turnover | 0.99x | 0.60x | 2.25x | 2.78x | 0.68x | 1.23x | 8.33x | 1.68x | 0.97x |
| Goodwill | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long-Term Investments | 1.1M | 628K | 1.92M | 0 | 0 | 0 | 0 | 65.7M | 0 |
| Other Non-Current Assets | 1.3M | 1.15M | 1.72M | 2.32M | 1.78M | 1.51M | 1.59M | 2.87M | 7.98M |
| Total Assets | 184.48M▲ 0% | 177.03M▼ 4.0% | 354.76M▲ 100.4% | 261.58M▼ 26.3% | 193.85M▼ 25.9% | 159.36M▼ 17.8% | 351.28M▲ 120.4% | 393.05M▲ 11.9% | 252.28M▼ 35.8% |
| Asset Turnover | 0.05x | 0.04x | 0.29x | 0.65x | 0.19x | 0.26x | 0.71x | 0.20x | 0.16x |
| Asset Growth % | -2.68% | -4.04% | 100.4% | -26.26% | -25.89% | -17.8% | 120.44% | 11.89% | -35.81% |
| Total Current Liabilities | 15.9M | 31.67M | 76.01M | 26.77M | 50.98M | 72.59M | 64.51M | 49.79M | 26.54M |
| Accounts Payable | 1.02M | 1.04M | 4.07M | 634K | 574K | 2.57M | 1.6M | 4M | 5.01M |
| Days Payables Outstanding | 5.98 | 5.84 | 12.41 | 2.13 | 2.84 | 16.8 | 6.35 | - | - |
| Short-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 7.84M |
| Deferred Revenue (Current) | 3.38M | 20.85M | 47.23M | 0 | 33.89M | 59.38M | 42.88M | 24.39M | 1.59M |
| Other Current Liabilities | 8.11M | 6.01M | 15.78M | 7.73M | 5.02M | 4.56M | 6.61M | 6.75M | 17.11M |
| Current Ratio | 10.81x | 5.13x | 4.01x | 7.39x | 2.68x | 1.72x | 4.96x | 5.56x | 7.64x |
| Quick Ratio | 10.69x | 4.97x | 3.98x | 7.39x | 2.68x | 1.72x | 4.96x | 5.56x | 7.64x |
| Cash Conversion Cycle | - | 32.55 | 59.69 | - | - | - | - | - | - |
| Total Non-Current Liabilities | 34.53M | 98.91M | 179.24M | 80.5M | 47.82M | 27.75M | 50.45M | 43.5M | 29.66M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 28.66M |
| Capital Lease Obligations | 0 | 0 | 30.98M | 43.41M | 38.61M | 20.29M | 17.09M | 36.5M | 0 |
| Deferred Tax Liabilities | 0 | 0 | -47.23M | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 6.35M | 6.71M | 1M | 37.09M | 1M | 1M | 1M | 1M | 1M |
| Total Liabilities | 50.43M | 130.58M | 255.25M | 107.26M | 98.8M | 100.34M | 114.96M | 93.29M | 56.2M |
| Total Debt | 0 | 0 | 34.17M | 47.61M | 44.18M | 23.13M | 20.29M | 43.73M | 36.5M |
| Net Debt | -31.53M | -46.86M | -51.87M | -56.83M | -73.25M | -75.83M | -48.51M | -27.64M | -28.8M |
| Debt / Equity | - | - | 0.34x | 0.31x | 0.46x | 0.39x | 0.09x | 0.15x | 0.19x |
| Debt / EBITDA | - | - | - | 1.53x | - | - | 0.16x | - | - |
| Net Debt / EBITDA | - | - | - | -1.82x | - | - | -0.38x | - | - |
| Interest Coverage | - | - | - | - | - | - | - | - | - |
| Total Equity | 134.05M▲ 0% | 46.45M▼ 65.4% | 99.51M▲ 114.3% | 154.32M▲ 55.1% | 95.06M▼ 38.4% | 59.02M▼ 37.9% | 236.32M▲ 300.4% | 299.76M▲ 26.8% | 196.08M▼ 34.6% |
| Equity Growth % | -1.38% | -65.35% | 114.25% | 55.08% | -38.4% | -37.91% | 300.41% | 26.85% | -34.59% |
| Book Value per Share | 5.00 | 1.45 | 2.77 | 4.13 | 2.52 | 1.54 | 5.30 | 5.20 | 3.34 |
| Total Shareholders' Equity | 134.05M | 46.45M | 99.51M | 154.32M | 95.06M | 59.02M | 236.32M | 299.76M | 196.08M |
| Common Stock | 32K | 32K | 37K | 37K | 38K | 38K | 44K | 55K | 59K |
| Retained Earnings | -160.71M | -269.05M | -312.65M | -275.91M | -347.1M | -393.51M | -261.18M | -326.18M | -445.9M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | -287K | -133K | -104K | -134K | -138K | -219K | -48K | -407K | 32K |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Voyager Therapeutics, Inc. (VYGR) cash flow — operating, investing & free cash flow history
| Line item | Dec'17 | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from Operations | -61.35M | -15.89M | 48.67M | -96.72M | -53.52M | -12.51M | 77.92M | -15.31M | -132.47M |
| Operating CF Margin % | -605.33% | -208.52% | 46.62% | -56.52% | -143.06% | -30.58% | 31.17% | -19.14% | -328.1% |
| Operating CF Growth % | -44.41% | 74.1% | 406.33% | -298.73% | 44.66% | 76.63% | 722.9% | -119.65% | -765.23% |
| Net Income | -70.7M | -88.29M | -43.6M | 36.74M | -71.2M | -46.41M | 132.33M | -65M | -119.72M |
| Depreciation & Amortization | 1.59M | 2.12M | 2.77M | 3.82M | 5.17M | 6.19M | 4.44M | 4.73M | 1.09M |
| Stock-Based Compensation | 9.24M | 15.71M | 15.64M | 14.93M | 11.32M | 9.34M | 11.15M | 14.79M | 14.79M |
| Deferred Taxes | -24K | -2.16M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | 674K | 1.36M | -4.58M | -7.67M | -2.11M | -2.11M | -3.45M | -4.68M | -28.62M |
| Working Capital Changes | -2.13M | 55.38M | 78.44M | -144.54M | 3.29M | 20.47M | -66.56M | 34.86M | 0 |
| Change in Receivables | 0 | 0 | -18.5M | 10.48M | 7.28M | 475K | -83.23M | 81.31M | -257K |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 470K | -282K | 2.6M | -3.44M | -60K | 1.99M | -962K | 2.39M | 1.02M |
| Cash from Investing | -3.68M | 26.47M | -90.48M | 113M | 65.91M | -7.34M | -141.64M | -94.86M | 125.45M |
| Capital Expenditures | -3.98M | -4.3M | -7.72M | -12.1M | -1.61M | -2.49M | -3.26M | -3.52M | -2.6M |
| CapEx % of Revenue | 39.32% | 56.5% | 7.39% | 7.07% | 4.3% | 6.09% | 1.3% | 4.4% | 6.43% |
| Acquisitions | 0 | 0 | 0 | 0 | 0 | 0 | 138.39M | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - |
| Other Investing | 304K | 30.77M | 172K | 0 | 0 | 0 | -138.39M | 0 | 0 |
| Cash from Financing | 59.92M | 4.75M | 80.99M | 3.16M | 612K | 1.11M | 33.65M | 114.02M | 816K |
| Debt Issued (Net) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Equity Issued (Net) | 1000K | 0 | 1000K | 1000K | 612K | 1000K | 1000K | 1000K | 0 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | 860K | 0 | 0 | 0 | 0 | 0 | 0 | 549K |
| Other Financing | 1.93M | 4.75M | 3.38M | 0 | 0 | 0 | 2.52M | 1.24M | 816K |
| Net Change in Cash | -5.11M▲ 0% | 15.33M▲ 399.9% | 39.18M▲ 155.6% | 18.4M▼ 53.0% | 12.99M▼ 29.4% | -18.47M▼ 242.2% | -30.08M▼ 62.8% | 3.85M▲ 112.8% | -6.21M▼ 261.3% |
| Free Cash Flow | -65.33M▲ 0% | -20.19M▲ 69.1% | 40.95M▲ 302.8% | -108.81M▼ 365.7% | -55.13M▲ 49.3% | -15M▲ 72.8% | 74.66M▲ 597.8% | -18.83M▼ 125.2% | -135.06M▼ 617.2% |
| FCF Margin % | -644.65% | -265.02% | 39.23% | -63.59% | -147.36% | -36.67% | 29.86% | -23.54% | -334.53% |
| FCF Growth % | -37.52% | 69.09% | 302.79% | -365.73% | 49.33% | 72.79% | 597.75% | -125.22% | -617.24% |
| FCF per Share | -2.44 | -0.63 | 1.14 | -2.91 | -1.46 | -0.39 | 1.68 | -0.33 | -2.30 |
| FCF Conversion (FCF/Net Income) | 0.87x | 0.18x | -1.12x | -2.63x | 0.75x | 0.27x | 0.59x | 0.24x | 1.11x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Voyager Therapeutics, Inc. (VYGR) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -26.36% | -52.37% | -97.83% | -59.74% | 28.95% | -57.1% | -60.24% | 89.61% | -24.25% | -48.29% |
| Return on Invested Capital (ROIC) | -26.13% | -53.42% | -133.82% | -164.15% | 28.3% | -92.57% | -1528.78% | 107.03% | -27.16% | -45.01% |
| Gross Margin | -197.11% | -514.31% | -751.88% | -14.7% | 36.45% | -97.21% | -36.32% | 63.13% | 100% | - |
| Net Margin | -282.65% | -697.56% | -1158.79% | -41.76% | 21.47% | -190.29% | -113.45% | 52.93% | -81.25% | -296.53% |
| Debt / Equity | - | - | - | 0.34x | 0.31x | 0.46x | 0.39x | 0.09x | 0.15x | 0.19x |
| Interest Coverage | -42.31x | - | - | - | - | - | - | - | - | - |
| FCF Conversion | 1.06x | 0.87x | 0.18x | -1.12x | -2.63x | 0.75x | 0.27x | 0.59x | 0.24x | 1.11x |
| Revenue Growth | -17.96% | -28.73% | -24.82% | 1270.14% | 63.93% | -78.14% | 9.33% | 511.16% | -68% | -49.53% |
Voyager Therapeutics, Inc. (VYGR) SEC filings — annual & quarterly reports (10-K, 10-Q)
Mar 9, 2026·SEC
Feb 12, 2026·SEC
Jan 8, 2026·SEC
Voyager Therapeutics, Inc. (VYGR) stock FAQ — growth, dividends, profitability & financials explained
Voyager Therapeutics, Inc. (VYGR) reported $40.4M in revenue for fiscal year 2025.
Voyager Therapeutics, Inc. (VYGR) saw revenue decline by 49.5% over the past year.
Voyager Therapeutics, Inc. (VYGR) reported a net loss of $119.7M for fiscal year 2025.
Voyager Therapeutics, Inc. (VYGR) has a return on equity (ROE) of -48.3%. Negative ROE indicates the company is unprofitable.
Voyager Therapeutics, Inc. (VYGR) had negative free cash flow of $135.1M in fiscal year 2025, likely due to heavy capital investments.
Voyager Therapeutics, Inc. (VYGR) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates