NYSE : VOYG
Voyager Technologies, Inc. — Financial statements
Industrials · Aerospace & Defense · United States
Last price 26.43 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 1.61B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Voyager Technologies, Inc. (VOYG) reported revenue of 174.23M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | 174.23M | 166.42M | 144.18M | 136.06M |
| Cost of Revenue | 155.24M | 136.54M | 109.27M | 108.28M |
| Gross Profit | 18.99M | 29.88M | 34.91M | 27.79M |
| Selling, General & Admin | 132.09M | 113.58M | 56.87M | 50.74M |
| Research & Development | 23.06M | 12.75M | 7.61M | -18.54M |
| Amortization of Goodwill & Intangibles | 14.47M | 8.54M | 9.58M | 6.46M |
| Operating Expenses | 169.62M | 134.87M | 74.06M | 38.66M |
| Operating Income | -150.63M | -105.00M | -39.15M | -10.87M |
| Interest Expense | -5.59M | -6.82M | -12.02M | -10.59M |
| Interest & Investment Income | 15.18M | 11.59M | 1.88M | 75.00K |
| Other Non Operating Income (Expenses) | -1.03M | -1.24M | 639.00K | 1.12M |
| EBT Excluding Unusual Items | -142.07M | -101.47M | -48.65M | -20.27M |
| Merger & Restructuring Charges | -3.50M | -3.50M | ||
| Gain (Loss) on Sale of Investments | -3.59M | |||
| Other Unusual Items | -7.80M | -15.09M | -4.59M | |
| Pretax Income | -145.57M | -112.77M | -67.34M | -24.86M |
| Income Tax Expense | 462.00K | -440.00K | -1.71M | 341.00K |
| Earnings From Continuing Operations | -146.03M | -112.33M | -65.63M | -25.20M |
| Minority Interest in Earnings | 9.06M | 7.52M | 3.56M | -240.00K |
| Net Income | -136.97M | -104.81M | -62.07M | -25.44M |
| Preferred Dividends & Other Adjustments | -1.00K | 11.26M | 21.82M | 17.84M |
| Net Income to Common | -136.97M | -116.07M | -83.89M | -43.28M |
| Shares Outstanding (Basic) | 58.42M | 40.21M | 12.74M | 12.36M |
| Shares Outstanding (Diluted) | 58.42M | 40.21M | 12.75M | 12.75M |
| EPS (Basic) | -2.34 | -2.89 | -6.59 | -3.50 |
| EPS (Diluted) | -2.35 | -2.89 | -7.01 | -3.65 |
| Free Cash Flow | -287.53M | -205.62M | -108.20M | -32.59M |
| Free Cash Flow Per Share | -4.92 | -5.11 | -8.49 | -2.56 |
| Gross Margin | 10.90% | 17.95% | 24.22% | 20.42% |
| Operating Margin | -86.45% | -63.09% | -27.15% | -7.99% |
| Profit Margin | -78.61% | -69.75% | -58.18% | -31.81% |
| Free Cash Flow Margin | -165.03% | -123.55% | -75.05% | -23.95% |
| EBITDA | -129.32M | -91.58M | -25.55M | -579.00K |
| EBITDA Margin | -74.22% | -55.03% | -17.72% | -0.43% |
| D&A For EBITDA | 21.31M | 13.42M | 13.60M | 10.29M |
| EBIT | -150.63M | -105.00M | -39.15M | -10.87M |
| EBIT Margin | -86.45% | -63.09% | -27.15% | -7.99% |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Cash & Equivalents | 373.44M | 491.33M | 55.93M | 30.28M |
| Cash & Short-Term Investments | 373.44M | 491.33M | 55.93M | 30.28M |
| Receivables | 77.83M | 59.60M | 32.66M | 32.90M |
| Inventory | 9.62M | 3.83M | 1.53M | 3.10M |
| Prepaid Expenses | 24.80M | 26.54M | 11.46M | 2.92M |
| Total Current Assets | 485.68M | 581.30M | 101.58M | 69.20M |
| Property, Plant & Equipment | 252.50M | 182.45M | 57.61M | 23.54M |
| Goodwill | 157.67M | 157.67M | 46.52M | 46.52M |
| Other Intangible Assets | 89.89M | 98.98M | 34.68M | 44.27M |
| Other Long-Term Assets | 23.53M | 30.05M | 7.21M | 5.37M |
| Total Assets | 1.01B | 1.05B | 247.60M | 188.89M |
| Accounts Payable | 37.62M | 27.39M | 22.79M | 13.49M |
| Accrued Expenses | 60.09M | 74.19M | 38.68M | 32.82M |
| Current Portion of Long-Term Debt | 665.00K | 45.15M | ||
| Current Portion of Leases | 7.58M | 5.83M | 3.00M | 3.28M |
| Current Income Taxes Payable | 14.00K | 1.28M | 914.00K | 216.00K |
| Current Unearned Revenue | 22.52M | 24.34M | 21.36M | 16.26M |
| Total Current Liabilities | 127.83M | 133.03M | 87.41M | 111.22M |
| Long-Term Debt | 448.90M | 447.63M | 88.35M | 30.56M |
| Long-Term Leases | 34.58M | 13.34M | 6.21M | 7.34M |
| Long-Term Unearned Revenue | 7.90M | 7.90M | 2.76M | 6.42M |
| Long-Term Deferred Tax Liabilities | 9.84M | 8.86M | 112.00K | 2.67M |
| Other Long-Term Liabilities | 3.63M | 10.17M | 96.32M | 80.54M |
| Total Liabilities | 632.69M | 620.92M | 281.17M | 238.75M |
| Common Stock | 6.00K | 6.00K | 1.00K | 1.00K |
| Additional Paid-In Capital | 840.71M | 797.44M | 15.08M | |
| Retained Earnings | -476.40M | -385.93M | -281.11M | -216.80M |
| Treasury Stock | -38.54M | -27.70M | ||
| Comprehensive Income & Other | -62.00K | -95.00K | 28.00K | -189.00K |
| Total Common Equity | 325.71M | 383.72M | -266.00M | -216.99M |
| Minority Interest | 50.87M | 45.81M | 36.13M | 42.76M |
| Shareholders' Equity | 376.58M | 429.53M | -33.57M | -49.86M |
| Total Liabilities & Equity | 1.01B | 1.05B | 247.60M | 188.89M |
| Total Debt | 491.06M | 466.80M | 98.22M | 86.33M |
| Net Cash (Debt) | -117.63M | 24.53M | -42.29M | -56.05M |
| Net Cash Per Share | -2.01 | 0.61 | -3.32 | -4.39 |
| Filing Date Shares Outstanding | 61.03M | 59.09M | 8.86M | 8.28M |
| Total Common Shares Outstanding | 59.36M | 59.14M | 8.86M | 8.28M |
| Working Capital | 357.85M | 448.27M | 14.17M | -42.02M |
| Book Value Per Share | 5.49 | 6.49 | -30.01 | -26.20 |
| Tangible Book Value | 78.15M | 127.06M | -347.20M | -307.77M |
| Tangible Book Value Per Share | 1.32 | 2.15 | -39.17 | -37.15 |
| Buildings | 906.00K | 906.00K | ||
| Machinery | 39.46M | 36.55M | 26.83M | 25.15M |
| Construction In Progress | 193.48M | 143.87M | 37.25M | 357.00K |
| Leasehold Improvements | 3.67M | 3.19M | 2.28M | 1.50M |
| Order Backlog | 265.59M | 200.08M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Net Income | -136.97M | -104.81M | -62.07M | -25.44M |
| Depreciation & Amortization | 25.97M | 16.39M | 16.38M | 12.93M |
| Other Amortization | 2.73M | 3.04M | 5.67M | 4.14M |
| Loss (Gain) From Sale of Investments | 3.59M | |||
| Stock-Based Compensation | 13.52M | 18.92M | 3.76M | 2.71M |
| Other Operating Activities | 2.44M | 14.23M | 10.07M | -2.74M |
| Change in Accounts Receivable | -21.11M | -5.71M | -5.92M | -1.46M |
| Change in Inventory | -6.23M | -341.00K | 1.58M | 1.49M |
| Change in Accounts Payable | 2.73M | 4.07M | -6.07M | -1.56M |
| Change in Unearned Revenue | 4.09M | -6.66M | 7.41M | -5.75M |
| Change in Other Net Operating Assets | -1.24M | -65.00K | 102.00K | 306.00K |
| Operating Cash Flow | -114.07M | -60.94M | -25.50M | -15.38M |
| Capital Expenditures | -173.46M | -144.67M | -82.70M | -17.21M |
| Cash Acquisitions | -151.10M | -151.83M | 2.05M | |
| Investment in Securities | -15.50M | -15.50M | -100.00K | |
| Other Investing Activities | 43.21M | 50.40M | 54.93M | 26.86M |
| Investing Cash Flow | -296.85M | -261.61M | -27.77M | 11.60M |
| Short-Term Debt Issued | 64.50M | |||
| Long-Term Debt Issued | 460.00M | 68.02M | 47.10M | |
| Total Debt Issued | 459.87M | 524.50M | 68.02M | 47.10M |
| Short-Term Debt Repaid | -64.50M | |||
| Long-Term Debt Repaid | -64.42M | -56.57M | -39.61M | |
| Total Debt Repaid | -128.92M | -56.57M | -39.61M | |
| Net Debt Issued (Repaid) | 459.87M | 395.58M | 11.45M | 7.49M |
| Issuance of Common Stock | 8.38M | 455.29M | ||
| Repurchase of Common Stock | -27.70M | -27.70M | ||
| Preferred Dividends Paid | -27.58M | |||
| Dividends Paid | -27.58M | |||
| Other Financing Activities | -125.08M | -150.77M | 914.00K | -8.68M |
| Financing Cash Flow | 315.47M | 757.82M | 78.96M | 1.93M |
| Foreign Exchange Rate Adjustments | -37.00K | 126.00K | -31.00K | 9.00K |
| Net Cash Flow | -95.49M | 435.40M | 25.65M | -1.84M |
| Free Cash Flow | -287.53M | -205.62M | -108.20M | -32.59M |
| Free Cash Flow Margin | -165.03% | -123.55% | -75.05% | -23.95% |
| Free Cash Flow Per Share | -4.92 | -5.11 | -8.49 | -2.56 |
| Levered Free Cash Flow | -266.25M | -177.08M | -74.65M | |
| Unlevered Free Cash Flow | -265.49M | -175.86M | -72.81M | |
| Cash Interest Paid | 1.89M | 2.90M | 5.89M | 6.07M |
| Cash Income Tax Paid | 1.27M | 725.00K | 374.00K | 1.36M |
| Change in Working Capital | -21.76M | -8.70M | -2.90M | -6.98M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Market Capitalization | 1.59B | 1.56B | ||
| Enterprise Value | 1.71B | 1.18B | ||
| Last Close Price | 26.43 | 26.14 | ||
| PS Ratio | 9.30 | 9.35 | ||
| PB Ratio | 4.82 | 3.62 | ||
| P/TBV Ratio | 20.73 | 12.25 | ||
| EV/Sales Ratio | 9.97 | 7.10 | ||
| Debt / Equity Ratio | 1.30 | 1.09 | -2.93 | -1.73 |
| Debt / EBITDA Ratio | 28.58 | |||
| Net Debt / Equity Ratio | 0.31 | -0.06 | -1.26 | -1.12 |
| Net Debt / EBITDA Ratio | -0.91 | 0.27 | -1.66 | -96.80 |
| Net Debt / FCF Ratio | -0.41 | 0.12 | -0.39 | -1.72 |
| Asset Turnover | 0.21 | 0.26 | 0.66 | |
| Inventory Turnover | 28.12 | 51.03 | 47.22 | |
| Quick Ratio | 3.53 | 4.14 | 1.01 | 0.57 |
| Current Ratio | 3.80 | 4.37 | 1.16 | 0.62 |
| Return on Equity (ROE) | -30.44% | -56.74% | ||
| Return on Assets (ROA) | -11.11% | -10.11% | -11.21% | |
| Return on Capital Employed (ROCE) | -17.10% | -11.40% | -24.40% | -14.00% |
| Earnings Yield | -9.03% | -6.73% | ||
| FCF Yield | -17.75% | -13.21% | ||
| Buyback Yield / Dilution | -234.26% | -215.48% | 0.05% |