Saturday 17 October 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. In the quarter to June 2026, revenue grew 15.5%, EPS grew 35.8%, free cash flow fell 167.8% and total debt rose 408.1%, each against the same quarter a year earlier.
25.20
1.56
−5.83%
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Target Price Range
Analyst price targets
Free accountTen years at a glance Fiscal years to December
| Group | Line | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | Trend | 2026e | 2027e | 2028e |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Price, $ | |||||||||||||||
| Price, $ | Low | — | — | — | — | — | — | — | — | — | 17.41 |
Analyst estimates 2026–2028 Powerpack |
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| High | — | — | — | — | — | — | — | — | — | 73.95 | |||||
| People | |||||||||||||||
| People | Employees | — | — | — | — | — | — | — | — | 505 | 800 | ||||
| Revenue/emp, $m | — | — | — | — | — | — | — | 0.00 | 0.29 | 0.21 | |||||
| Income, $m | |||||||||||||||
| Income, $m | Revenue | — | — | — | — | — | — | — | 136 | 144 | 166 | ||||
| Gross margin, % | — | — | — | — | — | — | — | 20.42 | 24.22 | 17.95 | |||||
| EBT | — | — | — | — | — | — | — | (25) | (67) | (113) | |||||
| EBT margin, % | — | — | — | — | — | — | — | (18.27) | (46.70) | (67.76) | |||||
| Net income | — | — | — | — | — | — | — | (25) | (66) | (112) | |||||
| Depreciation | — | — | — | — | — | — | — | 17 | 26 | 19 | |||||
| Per share, $ | |||||||||||||||
| Per share, $ | Revenue | — | — | — | — | — | — | — | 11.01 | 11.32 | 4.14 | ||||
| Earnings | — | — | — | — | — | — | — | (2.04) | (6.59) | (2.89) | |||||
| Cash flow | — | — | — | — | — | — | — | (1.24) | (2.00) | (1.52) | |||||
| Capex | — | — | — | — | — | — | — | 0.78 | (2.18) | (2.34) | |||||
| Free cash flow | — | — | — | — | — | — | — | (0.46) | (4.18) | (3.86) | |||||
| Book value | — | — | — | — | — | — | — | (7.49) | (5.18) | 10.68 | |||||
| Shares, m | — | — | — | — | — | — | — | 12 | 13 | 40 | |||||
| Valuation, × | |||||||||||||||
| Valuation, × | P/E | — | — | — | — | — | — | — | 0.00 | 0.00 | 0.00 | ||||
| P/S | — | — | — | — | — | — | — | 5.46 | 5.46 | 6.32 | |||||
| P/B | — | — | — | — | — | — | — | 0.00 | 0.00 | 2.45 | |||||
| EV/Sales | — | — | — | — | — | — | — | 4.98 | 4.98 | 6.15 | |||||
| EV/FCF | — | — | — | — | — | — | — | (11.69) | (11.69) | (6.59) | |||||
| Cash, $m | |||||||||||||||
| Cash, $m | Operating cash flow | — | — | — | — | — | — | — | (15) | (26) | (61) | ||||
| Capex | — | — | — | — | — | — | — | 10 | (28) | (94) | |||||
| Free cash flow | — | — | — | — | — | — | — | (6) | (53) | (155) | |||||
| Balance, $m | |||||||||||||||
| Balance, $m | Working capital | — | — | — | — | — | — | — | (42) | 14 | 448 | ||||
| Total debt | — | — | — | — | — | — | — | 46 | 88 | 448 | |||||
| Net debt | — | — | — | — | — | — | — | 16 | 32 | (44) | |||||
| Shareholders’ equity | — | — | — | — | — | — | — | (93) | (66) | 430 | |||||
| Returns, % | |||||||||||||||
| Returns, % | ROA | — | — | — | — | — | — | — | 0.00 | (38.44) | (17.88) | ||||
| ROIC | — | — | — | — | — | — | — | 0.00 | 0.00 | (17.58) | |||||
| ROE | — | — | — | — | — | — | — | 0.00 | 35.01 | (138.81) | |||||
Negative figures in brackets.
Fiscal years to Dec 2025 · latest quarter Jun 2026
Charts ten years each
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 |
|---|---|---|---|---|---|---|---|---|---|
| FLY Firefly Aerospace, Inc. | $3.0B | — (loss-making) | — (loss-making) | +656.85% (above 0%: growing) | n/m | −185.28% (below 0%: shrinking) | 20.29% | (80.89%) | Compare |
| LUNR Intuitive Machines, Inc. | $2.7B | — (loss-making) | — (loss-making) | +309.77% (above 0%: growing) | n/m | −197.16% (below 0%: shrinking) | 17.40% | (22.86%) | Compare |
| ATRO Astronics Corporation | $2.6B | 33.3× | 32.7× | +27.01% (above 0%: growing) | +2,362.46% (above 0%: growing) | +299.44% (above 0%: growing) | 33.43% | 15.57% | Compare |
| DCO Ducommun Incorporated | $2.6B | — (loss-making) | 38.6× | +11.80% (above 0%: growing) | +60.71% (above 0%: growing) | +48.47% (above 0%: growing) | 28.02% | 12.62% | Compare |
| RDW Redwire Corporation | $2.2B | — (loss-making) | — (loss-making) | +89.56% (above 0%: growing) | n/m | +62.22% (above 0%: growing) | 27.80% | (18.87%) | Compare |
| VVX V2X, Inc. | $2.2B | 23.9× | 24.6× | +16.54% (above 0%: growing) | +15.49% (above 0%: growing) | −21.44% (below 0%: shrinking) | 8.71% | 4.28% | Compare |
| VOYG Voyager Technologies, Inc. | $1.6B | — (loss-making) | — (loss-making) | +15.48% (above 0%: growing) | n/m | −167.81% (below 0%: shrinking) | 8.45% | (97.46%) | |
| CDRE Cadre Holdings, Inc. | $1.1B | 30.3× | 26.3× | +31.84% (above 0%: growing) | −10.00% (below 0%: shrinking) | +1,496.41% (above 0%: growing) | 42.07% | 10.84% | Compare |
| NPK National Presto Industries, Inc. | $1.1B | 24.9× | — (loss-making) | +21.71% (above 0%: growing) | +206.94% (above 0%: growing) | +169.47% (above 0%: growing) | 19.47% | 13.24% | Compare |
| Median of peers | $2.4B | 27.6× | 29.5× | +29.43% | +60.71% | +55.35% | 24.05% | 7.56% |
Voyager Technologies, Inc. (VOYG) key facts
- Strength: Voyager Technologies, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $166.4 million, up 15.4% from fiscal 2024.
- Voyager Technologies, Inc. (VOYG) is an Aerospace & Defense company in the Industrials sector, listed on the New York Stock Exchange.
- As of October 16, 2026, VOYG traded at $25.20, a market capitalization of $1.6 billion.
- Return on equity was −138.8% and debt-to-equity 1.19.
- Its Piotroski F-score is 3 out of 9 and its Altman Z-score is 0.83 (distress zone) for fiscal 2025.