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Voyager Technologies, Inc.

VOYGIndustrialsNASDAQ

Aerospace & Defense · Last scanned Jun 3, 2026

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Financials · Annual
Revenue
$166.4M
+15.4% YoY
Net Income
-$104.8M
-68.9% YoY
EBITDA
-$89.6M
-130.0% YoY
Free Cash Flow
-$229.6M

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About Voyager Technologies, Inc.

Part of the industrials sector, Voyager Technologies, Inc. (VOYG) is listed under Aerospace & Defense. At a $2.96B market cap, Voyager Technologies, Inc. ranks as a mid-cap company within industrials. It operates through three segments: Defense & National Security, Space Solutions, and Starlab Space Stations.

Key stats
Market Cap$2.96B
Fwd P/E-38.61
EPS$-3.06
52W Change-11.6%
ROE-54.1%
Analysis

On the balance sheet, VOYG has $429.4M in cash with $491.3M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company is burning cash, with free cash flow at -$229.6M. This typically occurs when a company is investing aggressively in growth, but sustained cash burn can strain the balance sheet. Return on equity stands at -54.1%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. Revenue has grown from $136.1M (2023) to $166.4M (2025), reflecting a 22% increase over the period.

Negative free cash flow means the company is currently spending more than it generates, which may require future fundraising or debt if the trend continues. It is important to consider these factors alongside broader market conditions and individual financial goals when reviewing VOYG.

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