Voyager Reports Record Third Quarter 2026 Revenue, Bookings and Backlog
Voyager posted record Q3 2026 results with revenue of $89 million, up 124% year-over-year and 68% sequentially, alongside record bookings of $116 million (1.3x book-to-bill) and record backlog of $742 million, up 293% YoY. The company raised the low end of FY2026 revenue guidance by $10 million to $285-$305 million, implying roughly 72%-84% annual growth, citing bookings momentum and the Astrobotic acquisition, which added $347 million of backlog plus a $298 million NASA award. Losses widened — GAAP net loss of $55.7 million ($(0.91) per share) and adjusted EBITDA loss of $44.9 million — with gross margin down to 11.5% YoY on capacity investments, though sequentially up 310 bps.
Key figures
- Revenue
- 88715000
- Guidance
- FY2026 revenue raised to $285 million-$305 million, representing ~72%-84% YoY growth (lower end raised by $10M)
- Revenue Yoy
- 124%
- Cash
- 553600000
- Backlog
- 742000000
- Bookings
- 116000000
- Backlog yoy
- 293%
- Book to bill
- 1.3
- Bookings yoy
- 135%
- Gross margin
- 11.5%
- Ttm bookings
- 329000000
- Total liquidity
- 815700000
- Convertible notes net
- 841100000
- Starlab commercial reservations
- ~$700 million
AI analysis
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