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Friday 6 November 2026
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Voyager Technologies, Inc.
VOYG Industrials Aerospace & Defense
Voyager Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $166.4 million, up 15.4% from fiscal 2024.
- Revenue
- +124.1%
- EPS
- −241.7%
- Free cash flow
- +4.80%
- Total debt
- +836.3%
Quarter to September 2026, against a year earlier
22.51
2.18
+10.72%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Ten-year view | Analyst estimates Powerpack | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | TTM Sep ’26 | Trend | 10 yrs | 2026e | 2027e | 2028e | Next 3/yr |
| Income, $m | ||||||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 136 | 144 | 166 | 223 | +10.6% | 292 | 518 | 982 | +80.7% | |
| Gross margin, % | — | — | — | — | — | — | — | 20.42 | 24.22 | 17.95 | 10.36 | (2.5) pt | ||||||
| EBT | — | — | — | — | — | — | — | (25) | (67) | (113) | (188) | +113.0% | ||||||
| EBT margin, % | — | — | — | — | — | — | — | (18.27) | (46.70) | (67.76) | (83.98) | (49.5) pt | ||||||
| Net income | — | — | — | — | — | — | — | (25) | (66) | (112) | (186) | +111.1% | ||||||
| Per share, $ | ||||||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 11.01 | 11.32 | 4.14 | 3.66 | (38.7%) | |||||
| Earnings | — | — | — | — | — | — | — | (3.50) | (6.59) | (2.89) | (3.02) | (9.1%) | ||||||
| Cash flow | — | — | — | — | — | — | — | (1.24) | (2.00) | (1.52) | (2.11) | +10.4% | ||||||
| Capex | — | — | — | — | — | — | — | 0.78 | (2.18) | (2.34) | (1.86) | n/m | ||||||
| Free cash flow | — | — | — | — | — | — | — | (0.46) | (4.18) | (3.86) | (3.96) | +188.5% | ||||||
| Book value | — | — | — | — | — | — | — | (7.49) | (5.18) | 10.68 | 6.05 | n/m | ||||||
| Shares, m | — | — | — | — | — | — | — | 12 | 13 | 40 | 55 | +80.4% | ||||||
| Valuation, × | ||||||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | 0.00 | 0.0 | |||||
| P/S | — | — | — | — | — | — | — | 5.46 | 5.46 | 6.32 | 5.61 | 5.7 | ||||||
| P/B | — | — | — | — | — | — | — | 0.00 | 0.00 | 2.45 | 3.39 | 0.8 | ||||||
| EV/Sales | — | — | — | — | — | — | — | 4.98 | 4.98 | 6.15 | 6.96 | 5.4 | ||||||
| EV/FCF | — | — | — | — | — | — | — | (11.69) | (11.69) | (6.59) | (6.43) | (10.0) | ||||||
| Cash, $m | ||||||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | (15) | (26) | (61) | (129) | +99.1% | |||||
| Capex | — | — | — | — | — | — | — | 10 | (28) | (94) | (113) | n/m | ||||||
| Free cash flow | — | — | — | — | — | — | — | (6) | (53) | (155) | (242) | +420.3% | ||||||
| Balance, $m | ||||||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | (42) | 14 | 448 | 453 | n/m | |||||
| Net debt | — | — | — | — | — | — | — | 16 | 32 | (44) | 287 | n/m | ||||||
| Shareholders’ equity | — | — | — | — | — | — | — | (93) | (66) | 430 | 369 | n/m | ||||||
| Returns, % | ||||||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | (38.44) | (17.88) | (15.20) | (17.9) pt | |||||
| ROIC | — | — | — | — | — | — | — | 0.00 | 0.00 | (17.58) | (18.28) | (17.6) pt | ||||||
| ROE | — | — | — | — | — | — | — | 0.00 | 35.01 | (138.81) | (35.73) | (138.8) pt | ||||||
| People | ||||||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 505 | 800 | — | +58.4% | |||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.29 | 0.21 | — | n/m | ||||||
Negative figures in brackets.
estimates
Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026
Voyager Technologies, Inc. vs peers in Aerospace & Defense (Q) = latest quarter vs a year earlier
| Company | Market cap | P/E | Fwd P/E | Revenue growth (Q) | EPS growth (Q) | FCF growth (Q) | Gross margin (Q) | EBIT margin (Q) | Compare |
|---|---|---|---|---|---|---|---|---|---|
| LUNR Intuitive Machines, Inc. | $2.0B | — (loss-making) | — (loss-making) | +309.77% (above 0%: growing) | n/m | −197.16% (below 0%: shrinking) | 17.40% | (22.86%) | Compare |
| RDW Redwire Corporation | $1.6B | — (loss-making) | — (loss-making) | +5.42% (above 0%: growing) | n/m | −138.56% (below 0%: shrinking) | 32.30% | (24.09%) | Compare |
| AADX Applied Aerospace & Defense, Inc. | $1.5B | — (loss-making) | — (loss-making) | — | n/m | — | 22.22% | (57.51%) | Compare |
| CDRE Cadre Holdings, Inc. | $1.4B | 33.1× | 30.3× | +30.16% (above 0%: growing) | +37.04% (above 0%: growing) | +6.04% (above 0%: growing) | 43.42% | 13.97% | Compare |
| LYNX Lyntris Inc. | $1.3B | — | — | — | — | — | — | — | Compare |
| VOYG Voyager Technologies, Inc. | $1.3B | — (loss-making) | — (loss-making) | +124.10% (above 0%: growing) | n/m | +4.80% (above 0%: growing) | 11.53% | (69.78%) | |
| HAWK HawkEye 360 Inc. | $1.3B | — (loss-making) | — (loss-making) | — | n/m | — | 60.94% | (23.18%) | Compare |
| AVEX AEVEX Corp. | $1.2B | — | — | — | — | — | 23.61% | 7.62% | Compare |
| NPK National Presto Industries, Inc. | $1.0B | 23.7× | 22.5× | +21.71% (above 0%: growing) | +206.94% (above 0%: growing) | +169.47% (above 0%: growing) | 19.47% | 13.24% | Compare |
| Median of peers | $1.3B | — | — | +25.93% | — | −66.26% | 23.61% | (22.86%) |
Pay and ownership Proxy statement filed 17 April 2026
Ownership
Directors and executive officers, together
62.20% of the votes
Dylan Taylor
61.80% of the votes
Senvest Management, LLC
2.80% of the votes
Alyeska Investment Group, L.P.
2.40% of the votes
Ownership is the proxy’s own table: the directors and officers as a group, and every holder of 5% or more.
Read the proxy statement