Voyager Technologies, Inc./TX VOYG
We are a purpose-built, innovation-driven defense technology and space solutions company focused on delivering mission-critical solutions across national security, space exploration and infrastructure and commercial space markets. Our company was purpose-built to address some of the most complex and consequential challenges facing the defense and space sectors, where technological leadership, operational execution and long-term resilience are essential. Our work is designed to strengthen national security, protect critical assets and enable sustained human and economic activity in space.
We design, develop and operate advanced systems and infrastructure that support defense, intelligence, civil and commercial missions. Our capabilities span communications and intelligence systems, missile-defense-enabling technologies, advanced propulsion and energetics, in-space infrastructure and end-to-end space mission services. These capabilities are organized across three operating segments: Defense & National Security, Space Solutions and Starlab Space Stations.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- U.S.
- Europe
- Other
| Region | FY2025 | FY2024 |
|---|---|---|
| U.S. | $150.9M | $128.9M |
| Europe | $13.7M | $14.5M |
| Other | $1.8M | $843.0K |
As the company reported it, from the “NET SALES - Schedule of Revenue Based on Geographic Location of Customers (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Revenue | $166.4M | $144.2M | $136.1M | — |
| Cost of revenue | $136.5M | $109.3M | $108.3M | — |
| Gross profit | $29.9M | $34.9M | $27.8M | — |
| SG&A | $117.1M | $62.6M | $54.0M | — |
| Operating income | -$108.5M | -$48.4M | -$14.2M | — |
| Interest expense | $6.8M | $12.0M | $10.6M | — |
| Pre-tax income | -$112.8M | -$67.3M | -$24.9M | — |
| Income tax | $440.0K | $1.7M | $341.0K | — |
| Net income | -$104.8M | -$62.1M | -$25.4M | — |
| EPS, basic | -2.89 | -6.59 | -3.50 | — |
| EPS, diluted | -2.89 | -7.01 | -3.65 | — |
| Shares, diluted (wtd. avg.) | 40.2M | 12.7M | 12.8M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Cash and equivalents | $491.3M | $55.9M | $30.3M | $32.1M |
| Receivables | $29.8M | $15.4M | — | — |
| Inventory | $3.8M | $1.5M | — | — |
| Total current assets | $581.3M | $101.6M | — | — |
| Property, plant and equipment | $164.3M | $49.4M | — | — |
| Goodwill | $157.7M | $46.5M | — | — |
| Other intangibles | $99.0M | $34.7M | — | — |
| Total assets | $1.05B | $247.6M | — | — |
| Accounts payable | $27.4M | $22.8M | — | — |
| Total current liabilities | $133.0M | $87.4M | — | — |
| Total liabilities | $620.9M | $187.7M | — | — |
| Retained earnings | -$385.9M | -$281.1M | -$216.8M | — |
| Total equity | $383.7M | -$69.7M | -$92.6M | -$68.2M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Operating cash flow | -$60.9M | -$25.5M | -$15.4M | — |
| Depreciation and amortisation | $13.4M | $13.6M | $10.3M | — |
| Stock-based compensation | $18.9M | $3.8M | $2.7M | — |
| Capital expenditure | $144.7M | $82.7M | $17.2M | — |
| Investing cash flow | -$261.6M | -$27.8M | $11.6M | — |
| Financing cash flow | $757.8M | $79.0M | $1.9M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001628280-26-016543.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|
| Revenue | — | $136.1M | $144.2M | $166.4M |
| Gross profit | — | $27.8M | $34.9M | $29.9M |
| Net income | — | -$25.4M | -$62.1M | -$104.8M |
Recent filings and events
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Shareholder rights changed The terms attaching to the shares themselves have changed. Item 3.03
- Charter or fiscal year changed A change to the company's governing documents, or to when its year ends. Item 5.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Shareholder vote The results of the annual meeting or a special vote. Item 5.07
- Results announced Item 2.02
- Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
- Results announced Item 2.02
- Material agreement signed Item 1.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
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