Voyager Technologies, Inc. (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.
- Symbol
- VOYG
- Exchange
- NYSE
- Sector
- Industrials
- Industry
- Aerospace & Defense
- Market cap
- $1.81B
- 52 week range
- 17.41 - 52.4
Valuation
- Share price
- $31.40 (close of 2026-09-23)
- P/E (TTM)
- -34.37x
- Price to book
- 4.81x
- Price to free cash flow
- -6.30x
- Enterprise value
- $1.93B
- Book value per share
- $6.43
Price performance
| Period | Change |
|---|
| 1 day | -16.33% |
| 5 days | -10.74% |
| 1 month | -18.23% |
| 3 months | -6.55% |
| 6 months | +12.34% |
| Year to date | +20.12% |
| 1 year | -1.41% |
| All time | -44.41% |
Profitability and growth
- Return on equity
- -24.40%
- Return on invested capital
- -26.68%
- Return on assets
- -9.98%
- Return on capital employed
- -11.83%
- Gross margin
- 17.95%
- Net margin
- -62.98%
- EBITDA margin
- -57.13%
- Revenue growth
- 15.42%
- Net income growth
- -68.86%
- Free cash flow growth
- -90.02%
Cash flow and balance sheet
- Free cash flow yield (TTM)
- -15.88%
- Current ratio
- 3.80x
- Net debt to EBITDA
- -1.03x
Latest reported year
- Period end
- 2025-12-31
- Fiscal year
- 2025
- Revenue
- $166.42M
- Cost of revenue
- $136.54M
- Gross profit
- $29.88M
- EBITDA
- $-95.08M
- Net income
- $-104.81M
- Earnings per share
- $-2.89
- Shares outstanding
- 40.21M
Income statement by year
| Period end | Revenue | Gross profit | Net income | EPS |
|---|
| 2025-12-31 | $166.42M | $29.88M | $-104.81M | $-2.89 |
| 2024-12-31 | $144.18M | $34.91M | $-62.07M | $-6.59 |
| 2023-12-31 | $136.06M | $27.79M | $-25.44M | $-3.50 |
Margins and returns by year
| Period end | Gross margin | Net margin | Return on equity | Return on capital |
|---|
| 2025-12-31 | 17.95% | -62.98% | -24.40% | -26.68% |
| 2024-12-31 | 24.22% | -43.05% | 94.05% | - |
| 2023-12-31 | 20.42% | -18.70% | 27.46% | - |
Cash and debt by year
| Period end | Cash |
|---|
| 2025-12-31 | $491.33M |
| 2024-12-31 | $55.93M |
Free cash flow by year
| Period end | Free cash flow | Stock-based compensation |
|---|
| 2025-12-31 | $-205.62M | $18.92M |
| 2024-12-31 | $-108.20M | $3.76M |
| 2023-12-31 | $-32.59M | $2.71M |
Investor relations
Next earnings report
- Next confirmed report
- 2026-11-02
Past earnings dates
| Reported | Fiscal period | EPS estimate |
|---|
| 2026-08-03 | Jun/2026 | - |
| 2026-05-04 | - | - |
| 2026-03-09 | - | - |
| 2025-11-03 | - | - |
| 2025-08-04 | - | - |
Filings and sources
- Company website
- voyagertechnologies.com
- SEC filings
- 10-K, 10-Q and 8-K on EDGAR
- Earnings calendar
- All upcoming reports
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