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Voyager Technologies (VOYG) Financials

Voyager Technologies logo
$43.52 +3.43 (+8.54%)
As of 01:59 PM Eastern
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Annual Income Statements for Voyager Technologies

Annual Income Statements for Voyager Technologies

This table shows Voyager Technologies' income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -43 -84 -116
Consolidated Net Income / (Loss)		 -25 -66 -112
Net Income / (Loss) Continuing Operations		 -25 -66 -112
Total Pre-Tax Income 		-25 -67 -113
Total Operating Income		 -14 -48 -108
Total Gross Profit		 28 35 30
Total Revenue		 136 144 166
Operating Revenue		 136 144 166
Total Cost of Revenue		 108 109 137
Operating Cost of Revenue		 108 109 137
Total Operating Expenses		 42 83 138
Selling, General & Admin Expense		 54 63 117
Research & Development Expense		 -19 7.61 13
Amortization Expense		 6.46 9.58 8.54
Impairment Charge		 0.00 3.59 0.00
Total Other Income / (Expense), net		 -11 -19 -4.27
Interest Expense		 12 21 15
Other Income / (Expense), net		 1.19 2.13 10
Income Tax Expense		 0.34 -1.71 -0.44
Preferred Stock Dividends Declared		 18 22 11
Net Income / (Loss) Attributable to Noncontrolling Interest		 0.24 -3.56 -7.52
Basic Earnings per Share		 ($3.50) ($6.59) ($2.89)
Weighted Average Basic Shares Outstanding		 12.36M 12.74M 40.21M
Diluted Earnings per Share		 ($3.65) ($7.01) ($2.89)
Weighted Average Diluted Shares Outstanding		 12.75M 12.75M 40.21M
Weighted Average Basic & Diluted Shares Outstanding		 - - 59.09M

Quarterly Income Statements for Voyager Technologies

This table shows Voyager Technologies' income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -29 -21 -33 -37 -16 -44
Consolidated Net Income / (Loss)		 -26 -15 -28 -33 -18 -46
Net Income / (Loss) Continuing Operations		 -26 -15 -28 -33 -18 -46
Total Pre-Tax Income 		-26 -15 -28 -33 -20 -43
Total Operating Income		 -13 -12 -26 -24 -24 -45
Total Gross Profit		 9.26 9.32 5.59 8.21 6.09 -1.55
Total Revenue		 37 40 35 46 40 35
Operating Revenue		 37 40 35 46 40 35
Total Cost of Revenue		 27 30 29 37 33 37
Operating Cost of Revenue		 27 30 29 37 33 37
Total Operating Expenses		 22 21 32 32 30 43
Selling, General & Admin Expense		 13 15 26 30 25 31
Research & Development Expense		 6.87 -0.40 4.04 0.50 3.04 7.51
Amortization Expense		 1.75 3.05 1.55 1.60 1.99 4.23
Total Other Income / (Expense), net		 -14 -3.06 -1.59 -8.85 3.95 1.93
Interest Expense		 14 3.52 2.73 10 0.20 2.11
Other Income / (Expense), net		 0.28 0.46 1.14 1.48 4.15 4.04
Income Tax Expense		 -0.12 0.09 0.05 0.08 -1.76 3.23
Preferred Stock Dividends Declared		 5.48 5.59 6.00 5.26 0.00 0.00
Net Income / (Loss) Attributable to Noncontrolling Interest		 -2.73 -0.28 -0.99 -1.68 -2.06 -1.96
Basic Earnings per Share		 ($2.29) ($1.61) ($2.30) ($1.23) ($0.28) ($0.75)
Weighted Average Basic Shares Outstanding		 12.57M 12.74M 14.34M 29.70M 58.41M 58.34M
Diluted Earnings per Share		 ($2.73) ($1.61) ($2.30) ($1.23) ($0.28) ($0.75)
Weighted Average Diluted Shares Outstanding		 12.58M 12.74M 14.34M 29.70M 58.41M 58.34M
Weighted Average Basic & Diluted Shares Outstanding		 - - - 58.97M 59.55M 59.26M

Annual Cash Flow Statements for Voyager Technologies

This table details how cash moves in and out of Voyager Technologies' business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 -1.84 26 435
Net Cash From Operating Activities		 -15 -26 -61
Net Cash From Continuing Operating Activities		 -15 -26 -61
Net Income / (Loss) Continuing Operations		 -25 -66 -112
Consolidated Net Income / (Loss)		 -25 -66 -112
Depreciation Expense		 10 14 13
Amortization Expense		 6.77 8.45 6.01
Non-Cash Adjustments To Reconcile Net Income		 2.26 28 41
Changes in Operating Assets and Liabilities, net		 -9.51 -9.69 -8.62
Net Cash From Investing Activities		 12 -28 -262
Net Cash From Continuing Investing Activities		 12 -28 -262
Purchase of Property, Plant & Equipment		 -17 -83 -145
Acquisitions		 2.05 0.00 -152
Purchase of Investments		 -0.10 0.00 -16
Other Investing Activities, net		 27 55 50
Net Cash From Financing Activities		 1.93 79 758
Net Cash From Continuing Financing Activities		 1.93 79 758
Repayment of Debt		 -42 -58 -144
Repurchase of Preferred Equity		 0.00 0.00 -3.04
Repurchase of Common Equity		 -6.71 -11 -36
Payment of Dividends		 0.00 0.00 -38
Issuance of Debt		 47 68 525
Issuance of Preferred Equity		 3.13 67 116
Issuance of Common Equity		 0.00 13 537
Other Financing Activities, net		 0.00 0.00 -198
Effect of Exchange Rate Changes		 0.01 -0.03 0.13

Quarterly Cash Flow Statements for Voyager Technologies

This table details how cash moves in and out of Voyager Technologies' business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2024 Q4 2024 Q1 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2024 12/31/2024 3/31/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 -7.10 14 120 -56 78 -62
Net Cash From Operating Activities		 -0.95 -5.50 -14 -15 -15 -40
Net Cash From Continuing Operating Activities		 -0.95 -5.50 -14 -15 -15 -40
Net Income / (Loss) Continuing Operations		 -15 -9.38 -28 -18 -33 -46
Consolidated Net Income / (Loss)		 -15 -9.38 -28 -18 -33 -46
Depreciation Expense		 4.12 4.00 2.60 3.13 4.98 6.03
Amortization Expense		 1.98 2.21 1.96 0.44 1.92 2.20
Non-Cash Adjustments To Reconcile Net Income		 0.04 6.49 11 1.01 10 2.40
Changes in Operating Assets and Liabilities, net		 8.15 -8.81 -1.53 -1.31 0.80 -4.40
Net Cash From Investing Activities		 -4.96 -4.74 -8.97 -64 -172 -33
Net Cash From Continuing Investing Activities		 -4.96 -4.74 -8.97 -64 -172 -33
Purchase of Property, Plant & Equipment		 -20 -30 -27 -39 -48 -51
Acquisitions		 - - 0.00 -26 -119 -5.84
Other Investing Activities, net		 15 25 18 3.60 8.55 24
Net Cash From Financing Activities		 -1.23 24 143 23 265 11
Net Cash From Continuing Financing Activities		 -1.23 24 143 23 265 11
Issuance of Debt		 0.25 5.13 0.13 -0.13 460 0.00
Issuance of Preferred Equity		 9.23 20 99 - - 0.00
Issuance of Common Equity		 - - 43 32 44 7.04
Other Financing Activities, net		 - - 0.11 - - 3.64
Effect of Exchange Rate Changes		 0.04 -0.05 0.03 -0.01 0.00 -0.02

Annual Balance Sheets for Voyager Technologies

This table presents Voyager Technologies' assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2024 2025
Period end date 12/31/2024 12/31/2025
Total Assets		 248 1,050
Total Current Assets		 102 581
Cash & Equivalents		 56 491
Accounts Receivable		 15 30
Inventories, net		 1.53 3.83
Prepaid Expenses		 11 27
Other Current Assets		 17 30
Plant, Property, & Equipment, net		 49 164
Total Noncurrent Assets		 97 305
Goodwill		 47 158
Intangible Assets		 35 99
Other Noncurrent Operating Assets		 15 48
Total Liabilities & Shareholders' Equity		 248 1,050
Total Liabilities		 188 621
Total Current Liabilities		 87 133
Accounts Payable		 23 27
Accrued Expenses		 40 75
Current Deferred Revenue		 - 24
Other Current Liabilities		 25 5.83
Total Noncurrent Liabilities		 100 488
Long-Term Debt		 88 448
Noncurrent Deferred Revenue		 - 7.90
Noncurrent Deferred & Payable Income Tax Liabilities		 0.11 8.86
Other Noncurrent Operating Liabilities		 12 24
Commitments & Contingencies		 - 0.00
Total Equity & Noncontrolling Interests		 -66 430
Total Preferred & Common Equity		 -70 384
Total Common Equity		 -266 384
Common Stock		 15 797
Retained Earnings		 -281 -386
Treasury Stock		 0.00 -28
Accumulated Other Comprehensive Income / (Loss)		 0.03 -0.10
Noncontrolling Interest		 3.70 46

Quarterly Balance Sheets for Voyager Technologies

This table presents Voyager Technologies' assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2025 9/30/2025 3/31/2026
Total Assets		 685 728 1,024
Total Current Assets		 511 481 509
Cash & Equivalents		 469 413 429
Accounts Receivable		 13 17 12
Inventories, net		 1.42 1.72 5.72
Prepaid Expenses		 6.79 27 26
Other Current Assets		 22 23 36
Plant, Property, & Equipment, net		 68 107 191
Total Noncurrent Assets		 106 139 324
Goodwill		 51 72 158
Intangible Assets		 37 45 95
Other Noncurrent Operating Assets		 19 22 71
Total Liabilities & Shareholders' Equity		 685 728 1,024
Total Liabilities		 103 109 619
Total Current Liabilities		 91 98 111
Accounts Payable		 21 23 20
Accrued Expenses		 57 62 68
Current Deferred Revenue		 10 8.15 17
Other Current Liabilities		 3.39 4.38 6.76
Total Noncurrent Liabilities		 11 11 508
Long-Term Debt		 0.00 0.00 448
Noncurrent Deferred Revenue		 2.95 2.95 7.90
Noncurrent Deferred & Payable Income Tax Liabilities		 0.20 0.35 12
Other Noncurrent Operating Liabilities		 8.08 8.16 40
Commitments & Contingencies		 - - 0.00
Total Equity & Noncontrolling Interests		 563 618 404
Total Preferred & Common Equity		 555 591 357
Total Common Equity		 555 591 357
Common Stock		 894 947 823
Retained Earnings		 -339 -356 -430
Treasury Stock		 - - -36
Accumulated Other Comprehensive Income / (Loss)		 -0.08 -0.08 -0.06
Noncontrolling Interest		 8.27 28 47

Annual Metrics And Ratios for Voyager Technologies

This table displays calculated financial ratios and metrics derived from Voyager Technologies' official financial filings.

Metric 2023 2024 2025
Period end date 12/31/2023 12/31/2024 12/31/2025
DEI Shares Outstanding		 0.00 0.00 59,547,781.00
DEI Adjusted Shares Outstanding		 0.00 0.00 59,547,781.00
DEI Earnings Per Adjusted Shares Outstanding		 0.00 0.00 -1.95
Growth Metrics		 - - -
Profitability Metrics		 - - -
Net Operating Profit after Tax (NOPAT)		 -9.92 -34 -76
Return On Investment Capital (ROIC_SIMPLE)		 - -151.69% -8.66%
Earnings before Interest and Taxes (EBIT)		 -13 -46 -98
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 4.09 -24 -79
Valuation Ratios		 - - -
Leverage & Solvency		 - - -
Liquidity Ratios		 - - -
Cash Flow Metrics		 - - -
Free Cash Flow to Firm (FCFF)		 0.00 -126 -369
Efficiency Ratios		 - - -
Capital & Investment Metrics		 - - -
Invested Capital		 0.00 92 386
Increase / (Decrease) in Invested Capital		 0.00 92 293
Book Value per Share		 $0.00 ($20.89) $6.44
Tangible Book Value per Share		 $0.00 ($27.26) $2.13
Total Capital		 0.00 148 877
Total Debt		 0.00 88 448
Total Long-Term Debt		 0.00 88 448
Net Debt		 0.00 32 -44
Capital Expenditures (CapEx)		 17 83 145
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -42 -43
Debt-free Net Working Capital (DFNWC)		 0.00 14 448
Net Working Capital (NWC)		 0.00 14 448
Net Nonoperating Expense (NNE)		 15 32 36
Net Nonoperating Obligations (NNO)		 0.00 32 -44
Total Depreciation and Amortization (D&A)		 17 22 19
Earnings Adjustments		 - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($2.89)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 40.21M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($2.89)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 40.21M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 59.09M
Normalized Net Operating Profit after Tax (NOPAT)		 -9.92 -31 -76
Debt Service Ratios		 - - -
Payout Ratios		 - - -

Quarterly Metrics And Ratios for Voyager Technologies

This table displays calculated financial ratios and metrics derived from Voyager Technologies' official financial filings.

Metric Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
DEI Shares Outstanding		 - - 0.00 - - 59,087,628.00
DEI Adjusted Shares Outstanding		 - - 0.00 - - 59,087,628.00
DEI Earnings Per Adjusted Shares Outstanding		 - - 0.00 - - -0.74
Growth Metrics		 - - - - - -
Revenue Growth		 0.00% 0.00% 0.00% 24.61% -0.03% 2.14%
EBITDA Growth		 0.00% 0.00% 0.00% -98.24% -108.61% -57.23%
EBIT Growth		 0.00% 0.00% 0.00% -83.23% -71.08% -61.43%
NOPAT Growth		 0.00% 0.00% 0.00% -90.85% -98.82% -69.83%
Net Income Growth		 0.00% 0.00% 0.00% -26.92% -20.26% -64.50%
EPS Growth		 0.00% 0.00% 0.00% 54.95% 82.61% 67.39%
Operating Cash Flow Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -176.66%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Revenue Q/Q Growth		 0.00% 8.04% 0.00% 0.00% -13.33% 0.00%
EBITDA Q/Q Growth		 0.00% 19.16% 0.00% 0.00% 14.93% 0.00%
EBIT Q/Q Growth		 0.00% 5.94% 0.00% 0.00% 12.18% 0.00%
NOPAT Q/Q Growth		 0.00% 4.38% 0.00% 0.00% 0.39% 0.00%
Net Income Q/Q Growth		 0.00% 41.47% 0.00% 0.00% 44.55% 0.00%
EPS Q/Q Growth		 0.00% 41.03% 0.00% 0.00% 77.24% 0.00%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% -161.03% 0.00% 0.00% -165.12%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% -69.73% 0.00%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 80.13% 0.00%
Profitability Metrics		 - - - - - -
Gross Margin		 25.27% 23.54% 16.19% 17.98% 15.38% -4.39%
EBITDA Margin		 -28.97% -21.68% -59.67% -46.09% -45.24% -91.85%
Operating Margin		 -34.50% -30.54% -76.18% -52.85% -60.73% -126.67%
EBIT Margin		 -33.74% -29.37% -72.89% -49.61% -50.26% -115.20%
Profit (Net Income) Margin		 -71.07% -38.50% -80.94% -72.39% -46.32% -130.35%
Tax Burden Percent		 99.53% 100.61% 100.17% 100.25% 91.23% 107.55%
Interest Burden Percent		 211.67% 130.30% 110.85% 145.58% 101.01% 105.21%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% -70.02%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% 0.00% 0.00% 0.00% 0.00% -225.42%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 0.00% 0.00% 0.00% 0.00% -10.54%
Return on Equity (ROE)		 0.00% 0.00% 0.00% 0.00% 0.00% -80.56%
Cash Return on Invested Capital (CROIC)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Operating Return on Assets (OROA)		 0.00% 0.00% 0.00% 0.00% 0.00% -18.81%
Return on Assets (ROA)		 0.00% 0.00% 0.00% 0.00% 0.00% -21.28%
Return on Common Equity (ROCE)		 0.00% 0.00% 0.00% 0.00% 0.00% -71.15%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -8.85 -8.47 -18 -17 -17 -31
NOPAT Margin		 -24.15% -21.38% -53.33% -36.99% -42.51% -88.67%
Net Nonoperating Expense Percent (NNEP)		 0.00% 0.00% 0.00% -6.90% -0.73% 155.40%
Return On Investment Capital (ROIC_SIMPLE)		 - - - -3.00% -2.72% -3.67%
Cost of Revenue to Revenue		 74.73% 76.46% 83.81% 82.02% 84.62% 104.39%
SG&A Expenses to Revenue		 36.27% 38.32% 76.18% 66.21% 63.42% 88.97%
R&D to Revenue		 18.74% -1.00% 11.71% 1.10% 7.67% 21.31%
Operating Expenses to Revenue		 59.78% 54.08% 92.37% 70.82% 76.12% 122.29%
Earnings before Interest and Taxes (EBIT)		 -12 -12 -25 -23 -20 -41
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -11 -8.59 -21 -21 -18 -32
Valuation Ratios		 - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 0.69 0.65 3.82
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 0.82 0.81 13.02
Price to Revenue (P/Rev)		 0.00 0.00 0.00 0.00 0.00 8.16
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 0.00 0.00 0.00 3.38
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 0.00 0.00 0.00 8.56
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 1.11
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 1.11
Financial Leverage		 0.00 0.00 0.00 -0.80 -0.67 0.05
Leverage Ratio		 0.00 0.00 0.00 1.18 1.18 2.53
Compound Leverage Factor		 0.00 0.00 0.00 1.71 1.19 2.66
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 52.57%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 52.57%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 4.82% 4.47% 5.54%
Common Equity to Total Capital		 0.00% 0.00% 0.00% 95.18% 95.53% 41.89%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -4.95
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -0.21
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 -4.95
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -5.05
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -0.21
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 -5.05
Altman Z-Score		 0.00 0.00 0.00 0.00 0.00 1.23
Noncontrolling Interest Sharing Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 11.68%
Liquidity Ratios		 - - - - - -
Current Ratio		 0.00 0.00 0.00 5.60 4.92 4.57
Quick Ratio		 0.00 0.00 0.00 5.28 4.39 3.97
Cash Flow Metrics		 - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 0.00 -131 -222 -455
Operating Cash Flow to CapEx		 0.00% 0.00% -53.22% 0.00% 0.00% -77.69%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 -12.66 -1,109.96 -215.06
Operating Cash Flow to Interest Expense		 0.00 0.00 -5.26 0.00 0.00 -18.79
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 -15.14 0.00 0.00 -42.97
Efficiency Ratios		 - - - - - -
Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.16
Accounts Receivable Turnover		 0.00 0.00 0.00 0.00 0.00 13.74
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 25.25
Fixed Asset Turnover		 0.00 0.00 0.00 0.00 0.00 0.87
Accounts Payable Turnover		 0.00 0.00 0.00 0.00 0.00 7.27
Days Sales Outstanding (DSO)		 0.00 0.00 0.00 0.00 0.00 26.56
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 14.46
Days Payable Outstanding (DPO)		 0.00 0.00 0.00 0.00 0.00 50.17
Cash Conversion Cycle (CCC)		 0.00 0.00 0.00 0.00 0.00 -9.16
Capital & Investment Metrics		 - - - - - -
Invested Capital		 0.00 0.00 0.00 114 205 423
Invested Capital Turnover		 0.00 0.00 0.00 0.00 0.00 0.79
Increase / (Decrease) in Invested Capital		 0.00 0.00 0.00 114 205 423
Enterprise Value (EV)		 0.00 0.00 0.00 -58 -2.90 1,431
Market Capitalization		 383 383 383 383 383 1,365
Book Value per Share		 $0.00 $0.00 $0.00 $18.68 $10.02 $6.05
Tangible Book Value per Share		 $0.00 $0.00 $0.00 $15.73 $8.04 $1.77
Total Capital		 0.00 0.00 0.00 583 618 853
Total Debt		 0.00 0.00 0.00 0.00 0.00 448
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 448
Net Debt		 0.00 0.00 0.00 -469 -413 19
Capital Expenditures (CapEx)		 0.00 0.00 27 0.00 0.00 51
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 0.00 0.00 -49 -30 -32
Debt-free Net Working Capital (DFNWC)		 0.00 0.00 0.00 420 384 397
Net Working Capital (NWC)		 0.00 0.00 0.00 420 384 397
Net Nonoperating Expense (NNE)		 17 6.78 9.53 16 1.51 15
Net Nonoperating Obligations (NNO)		 0.00 0.00 0.00 -469 -413 19
Total Depreciation and Amortization (D&A)		 1.75 3.05 4.56 1.60 1.99 8.23
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% -19.09%
Debt-free Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 237.77%
Net Working Capital to Revenue		 0.00% 0.00% 0.00% 0.00% 0.00% 237.77%
Earnings Adjustments		 - - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 $0.00 ($1.23) ($0.28) ($0.75)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 0.00 29.70M 58.41M 58.34M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 $0.00 ($1.23) ($0.28) ($0.75)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 0.00 29.70M 58.41M 58.34M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 0.00 58.97M 59.55M 59.26M
Normalized Net Operating Profit after Tax (NOPAT)		 -8.85 -5.95 -18 -17 -17 -31
Normalized NOPAT Margin		 -24.15% -15.02% -53.33% -36.99% -42.51% -88.67%
Pre Tax Income Margin		 -71.41% -38.27% -80.80% -72.22% -50.77% -121.20%
Debt Service Ratios		 - - - - - -
EBIT to Interest Expense		 -0.90 -3.30 -9.22 -2.19 -99.49 -19.21
NOPAT to Interest Expense		 -0.64 -2.40 -6.74 -1.64 -84.15 -14.78
EBIT Less CapEx to Interest Expense		 0.00 0.00 -19.10 0.00 0.00 -43.39
NOPAT Less CapEx to Interest Expense		 0.00 0.00 -16.63 0.00 0.00 -38.96
Payout Ratios		 - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Voyager Technologies (NYSE: VOYG) has faced ongoing net losses and negative operating cash flow over the recent quarters, but the company also secured a substantial liquidity boost in Q4 2025 from financing activities. Here’s a concise, data-driven view based on the last few quarters provided.

  • Net cash from financing activities in Q4 2025: +$264,785,000 (net inflow), signaling a strong liquidity infusion from financing actions.
  • Debt issuance in Q4 2025: +$460,000,000 (Issuance of Debt) providing a large cash runway for near-term needs.
  • Issuance of common equity in Q4 2025: +$43,954,000 (Issuance of Common Equity), contributing to the financing mix.
  • Balance sheet context (Q3 2025): Total assets about $727.8M and Total equity about $618.5M, indicating a solid asset base and equity cushion.
  • Long-term debt remains at 0 as of Q3 2025 (no LT debt on the books yet).
  • Revenue in 2025 quarters runs around mid-$40M, with a slight decline from Q2 2025 to Q3 2025 (approx. $45.7M to $39.6M).
  • Net income (continuing operations) is negative across recent quarters: Q4 2025 -$33.0M; Q3 2025 -$18.3M; Q2 2025 -$33.1M.
  • Operating cash flow from continuing operations remains negative: Q4 2025 -$14.98M; Q3 2025 -$15.06M.
  • Investing cash outflows are substantial: Q4 2025 net continuing investing -$171.8M; Q3 2025 -$63.6M (driven by PPE purchases and acquisitions).
  • Earnings per share remain negative across periods: Q4 2025 basic/diluted EPS -$0.28; Q3 2025 -$1.23; Q2 2025 -$2.29; Q3 2024 -$1.61.
05/22/26 01:59 PM ETAI Generated. May Contain Errors.

Voyager Technologies Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Voyager Technologies' fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Voyager Technologies' net income appears to be on an upward trend, with a most recent value of -$112.33 million in 2025, rising from -$25.20 million in 2023. The previous period was -$65.63 million in 2024. Find out what analysts predict for Voyager Technologies in the coming months.

Voyager Technologies' total operating income in 2025 was -$108.50 million, based on the following breakdown:
  • Total Gross Profit: $29.88 million
  • Total Operating Expenses: $138.37 million

Over the last 2 years, Voyager Technologies' total revenue changed from $136.06 million in 2023 to $166.42 million in 2025, a change of 22.3%.

Voyager Technologies' total liabilities were at $620.92 million at the end of 2025, a 230.9% increase from 2024, and a 230.9% increase since 2024.

In the past 1 years, Voyager Technologies' cash and equivalents has ranged from $55.93 million in 2024 to $491.33 million in 2025, and is currently $491.33 million as of their latest financial filing in 2025.

Over the last 2 years, Voyager Technologies' book value per share changed from 0.00 in 2023 to 6.44 in 2025, a change of 644.4%.


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Financial statements for NYSE:VOYG last updated on 5/8/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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