Revenue
$166.42M
Fiscal year ended 2025-12-31Operating income
-$108.50M
Fiscal year ended 2025-12-31Free cash flow
-$205.62M
Fiscal year ended 2025-12-31Voyager Technologies, Inc./TX (VOYG) reported revenue of $166.42M and net income of -$104.81M for the fiscal year ended 2025-12-31. This page shows 3 annual periods of income statement, balance sheet and cash flow figures normalized from Voyager Technologies, Inc./TX’s SEC filings, each linked to the filing it came from. It is classified by the SEC under Guided Missiles & Space Vehicles & Parts.
Income
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Revenue | $166.42M | $144.18M | $136.06M |
| Cost of revenue | $136.54M | $109.26M | $108.28M |
| Gross profit | $29.88M | $34.92M | $27.78M |
| Operating income | -$108.50M | -$48.44M | -$14.17M |
| Net income | -$104.81M | -$62.07M | -$25.44M |
| Research & development | Unavailable | Unavailable | Unavailable |
| Weighted-average diluted shares | shares 40.21M | shares 12.75M | shares 12.75M |
| Pretax income | -$112.77M | -$67.34M | -$24.86M |
| Income tax expense | -$440.00K | -$1.71M | $341.00K |
| Diluted EPS | $-2.89 | $-7.01 | $-3.65 |
| Selling, general & administrative | $117.08M | $62.57M | $54.04M |
| General & administrative | Unavailable | Unavailable | Unavailable |
| Selling & marketing | Unavailable | Unavailable | Unavailable |
Balance
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Cash & equivalents | $491.33M | $55.93M | Unavailable |
| Total assets | $1.05B | $247.60M | Unavailable |
| Current assets | $581.30M | $101.58M | Unavailable |
| Total liabilities | $620.92M | $187.67M | Unavailable |
| Current liabilities | $133.03M | $87.41M | Unavailable |
| Total equity incl. NCI | $429.53M | -$66.00M | -$92.62M |
| Temporary (mezzanine) equity | $0 | $125.93M | $122.90M |
| Inventory | $3.82M | $1.53M | Unavailable |
| Accounts receivable | $29.82M | $15.36M | Unavailable |
| Goodwill | $157.67M | $46.52M | Unavailable |
| Long-term debt | Unavailable | Unavailable | Unavailable |
| Accounts payable | $27.39M | $22.79M | Unavailable |
Cash flow
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Operating cash flow | -$60.94M | -$25.50M | -$15.38M |
| Capital expenditures | $144.67M | $82.70M | $17.21M |
| Investing cash flow | -$261.61M | -$27.77M | $11.60M |
| Financing cash flow | $757.82M | $78.96M | $1.93M |
| Net change in cash | $435.40M | $25.65M | -$1.84M |
| Stock-based compensation | $18.92M | $3.76M | $2.71M |
| Common dividends paid | Unavailable | Unavailable | Unavailable |
| Common share repurchases | Unavailable | Unavailable | Unavailable |
| Depreciation & amortization | $13.42M | $13.60M | $10.29M |
Derived
| Metric | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Free cash flow | -$205.62M | -$108.20M | -$32.59M |
| Gross margin | 18.0% | 24.2% | 20.4% |
| Operating margin | -65.2% | -33.6% | -10.4% |
| FCF margin | -123.6% | -75.0% | -24.0% |
| SBC / revenue | 11.4% | 2.6% | 2.0% |
| Current ratio | 4.37x | 1.16x | Unavailable |
| Revenue YoY growth | 15.4% | 6.0% | Unavailable |
| Net margin | -63.0% | -43.1% | -18.7% |
| R&D / revenue | Unavailable | Unavailable | Unavailable |
| CapEx / revenue | 86.9% | 57.4% | 12.6% |
| Long-term debt / equity | Unavailable | Unavailable | Unavailable |
| Effective tax rate | Unavailable | Unavailable | Unavailable |
Amounts are abbreviated; the exact reported value is carried in each cell. — means unavailable, not zero. Open VOYG in the interactive workspace to inspect any figure back to its filing.
Source filings
10-Q · Filed 2026-08-04View SEC filing
10-Q · Filed 2026-05-05View SEC filing
10-K · Filed 2026-03-10View SEC filing
10-Q · Filed 2025-11-04View SEC filing
10-Q · Filed 2025-08-05View SEC filing
Every accounting identity this site checks — the balance sheet, the gross profit bridge and the cash flow statement — reconciles in every period shown.