Voyager Technologies, Inc./TX (VOYG)
Voyager 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, including solid propulsion subsystems; signal intelligence systems; space-qualified radiation-hardened laser and radio frequency (RF) communications systems and advanced electro-optical and digital systems comprising transceivers, mission-data transmitters, and command and data handling systems; guidance, navigation, and control systems that include sun sensors, star trackers, and inertial measurement units; artificial intelligence-powered edge computing products; and space maneuver. Its 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 the Bishop Airlock, a module attached to the ISS that enables movement of equipment, supplies, and payloads between the ISS and open space; and space science and mission management services, such as the Space Acceleration Measurement System (SAMS) on the ISS. 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.
Sector: Guided Missiles & Space Vehicles & Parts
Industry: Aerospace & Defense
Voyager Technologies, Inc.
No splits on record
Nothing in VOYG's public trading history: no forward or reverse split has affected the share count.
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Revenue | $166.42M | $144.18M | $136.06M |
| YoY Growth | 15.4% | 6.0% | - |
| Cost of Revenue | $145.08M | $109.27M | $108.28M |
| Gross Profit | $21.34M | $34.91M | $27.79M |
| Gross Margin | 12.8% | 24.2% | 20.4% |
| Research and Development | $12.75M | $7.61M | -$18.54M |
| Selling, General, and Administrative | $111.66M | $62.57M | $54.04M |
| Other | $0 | $13.18M | $6.46M |
| Total Operating Expenses | $124.41M | $83.36M | $41.96M |
| Operating Income (EBIT) | -$103.07M | -$48.44M | -$14.17M |
| Operating Margin | -61.9% | -33.6% | -10.4% |
| Interest Expense | $6.82M | $12.02M | $10.59M |
| Interest Income | $0 | $0 | $0 |
| Other Income (Expense) | -$9.7M | -$18.89M | -$10.68M |
| Income Before Tax (EBT) | -$112.77M | -$67.34M | -$24.86M |
| Income Tax Expense | -$440K | -$1.71M | $341K |
| Net Income | -$104.81M | -$62.07M | -$25.44M |
| Net Income Margin | -63.0% | -43.1% | -18.7% |
| Supplementary Data | |||
| EPS | -1.99 | -1.44 | -0.74 |
| Diluted EPS | -1.99 | -1.44 | -0.74 |
| Weighted Average OS | 58.38M | 58.23M | 58.23M |
| EBITDA | -$89.56M | -$38.94M | -$1.34M |
| EBITDA Margin | -53.8% | -27.0% | -1.0% |
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Assets | |||
| Current Assets | |||
| Cash and Cash Equivalents | $491.33M | $55.93M | $30.28M |
| Short-Term Investments | $0 | $0 | $0 |
| Cash and Short-Term Investments | $491.33M | $55.93M | $30.28M |
| Accounts Receivable | $59.6M | $32.66M | $32.9M |
| Inventory | $3.83M | $1.53M | $3.1M |
| Other Current Assets | $26.54M | $0 | $0 |
| Total Current Assets | $581.3M | $101.58M | $69.2M |
| Long-Term Assets | |||
| Property, Plant & Equipment Net | $182.45M | $57.61M | $23.54M |
| Goodwill | $157.67M | $46.52M | $46.52M |
| Intangible Assets | $98.98M | $34.68M | $44.27M |
| Long-Term Investments | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 |
| Other Long-Term Assets | $30.05M | $7.21M | $5.37M |
| Total Long-Term Assets | $469.15M | $146.01M | $119.69M |
| Other Assets | $0 | $0 | $0 |
| Total Assets | $1.05B | $247.6M | $188.89M |
| Liabilities | |||
| Current Liabilities | |||
| Accounts Payable | $27.39M | $22.79M | $13.49M |
| Short-Term Debt | $0 | $665K | $45.15M |
| Current Income Tax Payable | $0 | $914K | $216K |
| Current Unearned Revenue | $24.34M | $21.36M | $16.26M |
| Other Current Liabilities | $51.55M | $27.63M | $17.52M |
| Total Current Liabilities | $133.03M | $87.41M | $111.22M |
| Long-Term Liabilities | |||
| Long-Term Debt | $447.63M | $88.35M | $30.56M |
| Long-Term Unearned Revenue | $7.9M | $2.76M | $6.42M |
| Long-Term Deferred Tax Liabilities | $8.86M | $112K | $2.67M |
| Other Long-Term Liabilities | $10.17M | $2.83M | $396K |
| Total Long-Term Liabilities | $487.89M | $100.26M | $47.38M |
| Other Liabilities | $0 | $0 | $0 |
| Total Liabilities | $620.92M | $187.67M | $158.6M |
| Stockholders' Equity | |||
| Preferred Stock | $0 | $289.8M | $204.51M |
| Common Stock | $6K | $1K | $1K |
| Retained Earnings | -$385.93M | -$281.11M | -$216.8M |
| Comprehensive Income & Other | -$95K | $28K | -$189K |
| Other Stockholders' Equity | $769.64M | $304.9M | $204.33M |
| Total Equity | $383.72M | $23.79M | -$12.47M |
| Minority Interest | $45.81M | $36.13M | $42.76M |
| Total Liabilities and Equity | $1B | $211.46M | $146.13M |
| Supplementary Data | |||
| Total Debt | $466.8M | $98.22M | $86.33M |
| Net Debt | -$24.53M | $42.29M | $56.05M |
| Period | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|
| Currency | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 |
| Operating Activities | |||
| Net Income | -$112.33M | -$65.63M | -$25.2M |
| Depreciation & Amortization | $16.39M | $16.38M | $12.93M |
| Deferred Income Tax | -$478K | -$2.61M | -$645K |
| Stock-Based Compensation | $18.92M | $3.76M | $2.71M |
| Changes in Working Capital: | |||
| Accounts Receivable | -$5.71M | -$5.92M | -$1.46M |
| Inventory | -$341K | $1.58M | $1.49M |
| Accounts Payable | $4.07M | -$6.07M | -$1.56M |
| Other Working Capital | -$6.72M | $7.51M | -$5.45M |
| Total Working Capital Change | -$8.7M | -$2.9M | -$6.98M |
| Other Non-Cash Items | $25.26M | $25.5M | $1.81M |
| Net Cash from Operating | -$60.94M | -$25.5M | -$15.38M |
| Investing Activities | |||
| Capital Expenditures | -$144.67M | -$82.7M | -$17.21M |
| Acquisitions | -$151.83M | $0 | $0 |
| Purchases of Investments | -$15.5M | $0 | -$100K |
| Sales of Investments | $0 | $0 | $0 |
| Other Investing Activities | $50.4M | $54.93M | $28.91M |
| Net Cash from Investing | -$261.61M | -$27.77M | $11.6M |
| Financing Activities | |||
| Debt Repaid | -$395.58M | -$11.45M | -$11.82M |
| Common Stock Issuance | $455.29M | $66.6M | $0 |
| Common Stock Repurchases | -$161.89M | $0 | $0 |
| Dividends Paid | $0 | $0 | $0 |
| Other Financing Activities | -$16.57M | $914K | -$8.68M |
| Net Cash from Financing | $757.82M | $78.96M | $1.93M |
| Forex Effect | $126K | -$31K | $9K |
| Net Change in Cash | $435.4M | $25.65M | -$1.84M |
| Supplementary Data | |||
| Operating Cash Flow | -$60.94M | -$25.5M | -$15.38M |
| Capital Expenditure | -$144.67M | -$82.7M | -$17.21M |
| Free Cash Flow | -$205.62M | -$108.2M | -$32.59M |
| Cash at Beginning | $55.93M | $30.28M | $32.12M |
| Cash at End | $491.33M | $55.93M | $30.28M |