NYSE · Financial Statements

Voyager Technologies, Inc. (VOYG) Financial Statements

$25.09 NYSE: VOYG Market Cap $1.53B

Voyager Technologies, Inc. most recently reported annual revenue of $166.0M, a net loss of $105.0M. Revenue grew at an average annual rate of 10.5% over the last 2 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Voyager Technologies, Inc.: Revenue rose from $136.0M in 2023 to $166.0M in 2025, a change of +22.1% over 2 years; net profit was positive in 0 of 3 reported years; operating margin moved from -10.4% to -61.9%, a shift of -51.5 percentage points; the most recent year shows a net loss of $105.0M.

Income Statement — 3 Years (USD millions)

Metric202320242025
Revenue$136.0M$144.0M$166.0M
Operating Expenses$150.0M$193.0M$269.0M
Operating Profit$-14.0M$-48.0M$-103.0M
Operating Margin-10.4%-33.6%-61.9%
Other Income$-11.0M$-19.0M$-10.0M
Interest$11.0M$12.0M$7.0M
Depreciation$13.0M$16.0M$16.0M
Profit Before Tax$-25.0M$-67.0M$-113.0M
Tax$-1.4M$2.5M$390,000
Net Profit$-25.0M$-62.0M$-105.0M
EPS$-0.74$-1.44$-1.99
Dividend Payout0.0%0.0%0.0%

Quarterly Results — Last 10 Quarters (USD millions)

MetricMar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$30.0M$37.0M$40.0M$38.0M$35.0M$46.0M$40.0M$47.0M$35.0M$53.0M
Operating Expenses$42.0M$49.0M$48.0M$49.0M$61.0M$69.0M$64.0M$78.0M$79.0M$104.0M
Operating Profit$-12.0M$-13.0M$-8.0M$-11.0M$-26.0M$-23.0M$-24.0M$-31.0M$-43.0M$-51.0M
Operating Margin-39.5%-34.5%-20.6%-30.3%-76.2%-51.1%-60.7%-66.6%-123.4%-97.5%
Interest$3.0M$3.0M$3.0M$3.0M$3.0M$3.0M$0$1.0M$2.0M$2.0M
Profit Before Tax$-15.0M$-26.0M$-15.0M$-11.0M$-28.0M$-33.0M$-20.0M$-32.0M$-43.0M$-51.0M
Tax$-1.7M$470,000$-610,000$17.0M$-170,000$-250,000$8.8M$-3.8M$-7.5M$4.3M
Net Profit$-15.0M$-23.0M$-15.0M$-9.0M$-27.0M$-31.0M$-16.0M$-30.0M$-44.0M$-46.0M
EPS$-0.35$-0.51$-0.35$-0.36$-0.59$-0.64$-0.28$-0.52$-0.75$-0.79

Over the 3 years reported for Voyager Technologies, Inc., borrowings increased from $86.0M in 2023 to $467.0M in 2025, cash stood at $491.0M in the latest year, shareholders' equity was $0, current assets covered current liabilities 4.37 times.

Balance Sheet — 3 Years (USD millions)

Metric202320242025
Total Assets$189.0M$248.0M$1.1B
Current Assets$69.0M$102.0M$581.0M
Cash$30.0M$56.0M$491.0M
Inventory$3.0M$2.0M$4.0M
Receivables$33.0M$33.0M$60.0M
Fixed Assets$24.0M$58.0M$182.0M
Capital Work in Progress$0$0$0
Investments$0$0$0
Other Assets$47.0M$47.0M$158.0M
Total Liabilities$159.0M$188.0M$621.0M
Current Liabilities$111.0M$87.0M$133.0M
Borrowings$86.0M$98.0M$467.0M
Other Liabilities$72.0M$89.0M$154.0M
Equity$0$0$0
Reserves$-12.0M$24.0M$384.0M

For Voyager Technologies, Inc., operating cash flow was positive in 0 of 3 reported years; free cash flow in the latest year was negative at $206.0M; free cash flow was positive in 0 of 3 years; financing activities used $178.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 3 Years (USD millions)

Metric202320242025
Operating Cash Flow$-15.0M$-26.0M$-61.0M
Investing Cash Flow$-6.0M$-110.0M$-406.0M
Financing Cash Flow$-9.0M$1.0M$-178.0M
Net Cash Flow$-2.0M$26.0M$435.0M
Free Cash Flow$-33.0M$-108.0M$-206.0M

Valuation & Return Ratios

MetricValue
PEG Ratio0.55
EV / EBITDA-17.19
FCF Yield-15.35%
Quick Ratio3.72
Interest Coverage-26.85
Return 1Y-38.57%
Return 3Y—
Return 5Y—

Voyager Technologies, Inc. (VOYG) financials — frequently asked questions

What is Voyager Technologies, Inc.'s annual revenue?

Voyager Technologies, Inc. (VOYG) reported annual revenue of $166.0M in its most recent fiscal year.

What is Voyager Technologies, Inc.'s net profit?

Voyager Technologies, Inc. (VOYG) reported a net loss of $105.0M in its most recent fiscal year.

What is VOYG EV/EBITDA?

Voyager Technologies, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is -17.19. A negative value means EBITDA was negative over the period, so the ratio is not a meaningful valuation measure.

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