Voyager Technologies, Inc. VOYG R2K
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.
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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
PROS
- Compounding revenue at 10.6% over 5 years.
- In a confirmed uptrend (50-DMA above 200-DMA).
CONS
- Earnings shrank at -156.0% CAGR over 5 years.
* The pros and cons are auto-generated from financial metrics.
Price Chart
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).
Peer comparison
Peer companies in the same sector (Industrials).
| # | Name | CMP $ | P/E | Mkt Cap | Div Yld % | ROCE % | ROE % | Rev CAGR 5Y % | Profit CAGR 5Y % |
|---|---|---|---|---|---|---|---|---|---|
| 1 | VOYG Voyager Technologies, Inc. R2K | 49.53 | - | $2.94B | - | -11.55% | -54.10% | 10.59% | -156.02% |
| 2 | CAT Caterpillar Inc. SPX | 875.87 | 43.66 | $403.42B | 0.69% | 19.42% | 51.33% | 4.38% | 9.83% |
| 3 | GE GE Aerospace SPX | 323.76 | 40.17 | $338.27B | 0.58% | 11.89% | 45.43% | 16.32% | 195.89% |
| 4 | GEV GE Vernova Inc. SPXAI | 968.32 | 28.33 | $260.21B | 0.21% | 6.30% | 75.71% | 8.68% | 92.84% |
| 5 | RTX RTX Corporation SPX | 179.66 | 33.64 | $241.95B | 1.54% | 9.41% | 11.57% | 9.72% | 9.01% |
| 6 | UNP Union Pacific Corporation SPX | 262.64 | 21.60 | $155.93B | 2.10% | 16.19% | 40.69% | -0.49% | 0.66% |
| 7 | ETN Eaton Corporation plc SPXAI | 400.60 | 39.20 | $155.55B | 1.10% | 16.23% | 20.84% | 9.77% | 18.41% |
| 8 | HON Honeywell International Inc. NDXSPX | 237.86 | 38.00 | $150.72B | 2.00% | 13.57% | 24.26% | 1.82% | -1.62% |
| 9 | DE Deere & Company SPX | 542.18 | 30.67 | $146.45B | 1.20% | 12.82% | 18.35% | -4.50% | -11.00% |
Quarterly Results
Figures in USD.
| Metric | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Revenue | 36.65M | 39.60M | 34.51M | 45.67M | 39.59M | 46.65M | 35.25M |
| Cost of Revenue | - | - | 28.92M | 37.46M | 33.50M | 36.66M | 36.79M |
| Gross Profit | - | - | 5.58M | 8.21M | 6.09M | 9.99M | -1.55M |
| Operating Expenses | - | - | 31.87M | 32.35M | 30.13M | 44.02M | 43.10M |
| Operating Income | -12.65M | -12.09M | -26.29M | -24.14M | -24.04M | -34.03M | -44.65M |
| EBITDA | - | - | -21.88M | -27.07M | -16.32M | -24.28M | -33.37M |
| Interest Expense | - | - | 2.73M | 2.52M | 200.00K | 1.37M | 2.11M |
| Pretax Income | - | - | -27.88M | -32.98M | -20.10M | -31.81M | -42.72M |
| Tax Provision | - | - | 48.00K | 81.00K | -1.76M | 1.19M | 3.23M |
| Net Income | -23.32M | -14.97M | -26.94M | -31.38M | -16.27M | -30.22M | -43.98M |
| Diluted EPS | -2.73 | -1.61 | -0.58 | -1.23 | -0.28 | -0.52 | -0.75 |
| R&D Expense | 6.87M | - | 4.04M | 502.00K | - | - | 7.51M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Revenue | 136.06M | 144.18M | 166.42M |
| Cost of Revenue | 108.28M | 109.27M | 136.54M |
| Gross Profit | 27.79M | 34.91M | 29.88M |
| Operating Expenses | 41.96M | 79.76M | 138.37M |
| Operating Income | -14.17M | -44.85M | -108.50M |
| EBITDA | -1.34M | -38.94M | -89.56M |
| Interest Expense | 10.59M | 12.02M | 6.82M |
| Pretax Income | -24.86M | -67.34M | -112.77M |
| Tax Provision | 341.00K | -1.71M | -440.00K |
| Net Income | -25.44M | -62.07M | -104.81M |
| Diluted EPS | -0.82 | -1.58 | -2.89 |
Compounded Sales Growth
| 5 Years: | 10.59% |
| 1 Year: | 2.10% |
Compounded Profit Growth
| 5 Years: | -156.02% |
| 1 Year: | - |
Stock Price Performance
| 1 Year: | -12.31% |
| 6 Months: | +136.53% |
| 3 Months: | +85.58% |
| 1 Month: | +93.40% |
Balance Sheet (Annual)
Figures in USD.
| Metric | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|
| Total Assets | - | 188.89M | 247.60M | 1.05B |
| Current Assets | - | 69.20M | 101.58M | 581.30M |
| Cash & Equivalents | - | 30.28M | 55.93M | 491.33M |
| Inventory | - | 3.10M | 1.53M | 3.83M |
| Receivables | - | 17.08M | 15.36M | 29.82M |
| Total Liabilities | - | 158.60M | 187.67M | 620.92M |
| Current Liabilities | - | 111.22M | 87.41M | 133.03M |
| Long Term Debt | - | 30.56M | 88.35M | 447.63M |
| Total Debt | - | 86.33M | 98.22M | 466.80M |
| Total Equity | -68.24M | -12.47M | 23.79M | 383.72M |
| Shares Outstanding | - | 56.55M | 56.55M | 60.31M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Operating Cash Flow | -15.38M | -25.50M | -60.94M |
| Investing Cash Flow | 11.60M | -27.77M | -261.61M |
| Financing Cash Flow | 1.93M | 78.96M | 757.82M |
| Capital Expenditure | -17.21M | -82.70M | -144.67M |
| Free Cash Flow | -32.59M | -108.20M | -205.62M |
| Net Change in Cash | -1.85M | 25.68M | 435.27M |
Ratios (Annual)
Figures in %.
| Metric | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|
| Gross Margin % | 20.4% | 24.2% | 18.0% |
| Operating Margin % | -10.4% | -31.1% | -65.2% |
| Net Margin % | -18.7% | -43.1% | -63.0% |
| ROE % | 203.9% | -260.9% | -27.3% |
| ROCE % | -18.2% | -28.0% | -11.8% |
Shareholding Pattern
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 1 | Senvest Management LLC | 6.69% | 3.58M | $177.39M |
| 2 | Alyeska Investment Group, L.p. | 5.62% | 3.01M | $148.94M |
| 3 | Blackrock Inc. | 5.07% | 2.71M | $134.38M |
| 4 | Wellington Management Group, LLP | 3.10% | 1.66M | $82.05M |
| 5 | Frontier Capital Management Company LLC | 2.29% | 1.23M | $60.78M |
| 6 | Vanguard Portfolio Management LLC | 2.20% | 1.18M | $58.31M |
| 7 | State Street Corporation | 2.16% | 1.16M | $57.34M |
| 8 | Capital International Investors | 1.93% | 1.03M | $51.17M |
| 9 | Janus Henderson Group PLC | 1.92% | 1.03M | $50.98M |
| 10 | Alliancebernstein L.P. | 1.78% | 954.77K | $47.29M |
Analyst View
Analyst aggregate. Targets and ratings update periodically; not investment advice.
Latest News
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