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NYSE · GUIDED MISSILES & SPACE VEHICLES & PARTS

Voyager Technologies, Inc. VOYG

3 fiscal years on record · USD · FY2025 reported · SEC filings only
$166.4M
▲ 15.4% YoY
$-104.8M
$-205.6M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Voyager Technologies designs, develops and operates systems and infrastructure that support defense, intelligence, civil and commercial missions. Its capabilities span communications and intelligence systems, missile-defense-enabling technologies, propulsion and energetics, in-space infrastructure and space mission services, organized across three operating segments: Defense & National Security, Space Solutions and Starlab Space Stations. The Defense & National Security segment provides communications technologies, guidance, navigation and controls, signals intelligence and defense systems to protect contested domains. The Space Solutions segment delivers space infrastructure, space technology, science systems and mission services for commercial, academic and government missions from low-Earth orbit to deep space. The Starlab Space Stations segment is a commercial space station planned to succeed the International Space Station, operated through a U.S.-led joint venture with Airbus, Mitsubishi, MDA Space and Palantir, among others. As of December 31, 2025, the company employed approximately 800 employees across 14 locations. Voyager Technologies was founded in 2019.

Written from the business description in Voyager Technologies, Inc./DE's annual report to the U.S. Securities and Exchange Commission, filed 10 March 2026. Every sentence was checked against that document before publication.

Growth

USD 166.4M
Revenue, FY2025 · full 3-year series below
Revenue $M Net income $M
FY2025 · Revenue 166.4 · Net income -104.8
100M200M-50M-100M
202320242025
Compound annual growth
3 yrs
5 yrs
10 yrs
15 yrs

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

−67 cents
lost on every revenue dollar
Operating margin Net margin
FY2025 · Operating -65.2% · Net -67.5%
-20%-40%-60%
202320242025
ROE

Not applicable: equity was zero or negative in this period, so return on equity has no meaning.

Three returns, three denominators.
Return on equityNot applicable: equity was zero or negative in this period, so return on equity has no meaning.

Return on equity has no reading this year — return on capital employed, just below, still does: -20%.

Cash & shareholders

·
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2025 · FCF -205.6
-100M-200M
202320242025

Total assetsUSD 1.1B
EquityUSD 383.7M
CashUSD 491.3M
Current ratio4.37×

Equity funds 37% of total assets.

The 3-year record

3 fiscal years
Every figure from documents filed with the SEC · USD

EPS, diluted, dividend per share and shares outstanding are shown without shading, and a vertical line marks the year the share count changed — the series crosses a large, unexplained change in share count, so the years on either side are not on a comparable scale.

row low → row highnegative—not applicable◌not available in our data
VOYG, 3-year financial record
Metric 202520242023
Revenue $B0.20.10.1
Operating income $B−0.1−0.0−0.0
EBITDA $B−0.1−0.0−0.0
Income tax $B−0.0−0.00.0
Net income $B−0.1−0.1−0.0
Free cash flow $B−0.2−0.1−0.0
EPS, diluted $−2.89−7.01−3.65
Dividend / sh $◌◌◌
Payout % — not applicable: no dividend———
ROE % — not applicable: negative equity———

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

More in this sector

Other companies filing in the same sector

Provenance

Company facts, as filed

How we verify · 0 failures in 10 reconciliationsAUDITED

Reconciled in 3 of the 3 fiscal years we could check. 34 checks were skipped: the balance sheet is not tagged before 2024. 16 checks were skipped: EPS is not tagged before 2023. 16 checks were skipped: revenue is not tagged before 2023.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityGuided Missiles & Space Vehicles & Parts
Listed onNYSE
Incorporated inTexas
Fiscal year endsDecember 31
SEC categoryemerging growth company
Data on record since2023

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