Voyager Technologies, Inc.

NYSE:VOYG Stock Report

Market Cap: US$2.0b

Voyager Technologies Past Earnings Performance

Past criteria checks 0/6

Voyager Technologies's earnings have been declining at an average annual rate of -31.1%, while the Aerospace & Defense industry saw earnings growing at 20.3% annually. Revenues have been growing at an average rate of 12.6% per year.

Key information

-31.05%

Earnings growth rate

67.38%

EPS growth rate

Aerospace & Defense Industry Growth5.38%
Revenue growth rate12.59%
Return on equity-32.23%
Net Margin-76.05%
Last Earnings Update31 Mar 2026

Recent past performance updates

Recent updates

Narrative Update Jun 15

The Landlord of Orbit and the Emerging Lunar Logistics Giant: A Deep Value Play Ahead of the Starlab & Astrobotic Era

While the broader market continues to price Voyager Technologies (VOYG) as a low-margin, cash-burning legacy defense contractor, massive structural shifts within the company’s portfolio have necessitated a fundamental update to our valuation model. In our previous thesis, we defined Voyager primarily as the "Landlord of Orbit" based on the Starlab commercial space station—the designated successor to the ISS.
Seeking Alpha Jun 08

Voyager Technologies Is Set To Launch In 2027 And Beyond (Rating Upgrade)

Summary Voyager Technologies, Inc. is positioned for substantial growth, driven by major civil, commercial, and defense space programs launching over the next several years. VOYG earns a Strong Buy rating with a $67/share price target, justified by high-growth catalysts including Starlab commercialization, Artemis/CLPS lunar missions, and Golden Dome defense contracts. Recent Astrobotic acquisition and strong backlog growth (1.3x book-to-bill, $275mm backlog) reinforce VOYG’s strategic positioning in lunar and defense markets. Margin compression is expected near-term as operations scale, but positive adjusted EBITDA and $1b+ annualized revenue are forecast by eFY29 if key programs execute as planned. Read the full article on Seeking Alpha
Analysis Article May 08

Analysts Are Updating Their Voyager Technologies, Inc. (NYSE:VOYG) Estimates After Its First-Quarter Results

Voyager Technologies, Inc. ( NYSE:VOYG ) just released its latest quarterly report and things are not looking great...

Revenue & Expenses Breakdown

How Voyager Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.


Earnings and Revenue History

NYSE:VOYG Revenue, expenses and earnings (USD Millions)
DateRevenueEarningsG+A ExpensesR&D Expenses
31 Mar 26167-12711916
31 Dec 25166-11611413
30 Sep 25157-1011008
30 Jun 25157-105905
31 Mar 25148-976811
31 Dec 24144-84578
31 Dec 23136-4351-19

Quality Earnings: VOYG is currently unprofitable.

Growing Profit Margin: VOYG is currently unprofitable.


Free Cash Flow vs Earnings Analysis


Past Earnings Growth Analysis

Earnings Trend: Insufficient data to determine if VOYG's year-on-year earnings growth rate was positive over the past 5 years.

Accelerating Growth: Unable to compare VOYG's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: VOYG is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (23.9%).


Return on Equity

High ROE: VOYG has a negative Return on Equity (-32.23%), as it is currently unprofitable.


Return on Assets


Return on Capital Employed


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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/06/24 06:44
End of Day Share Price 2026/06/24 00:00
Earnings2026/03/31
Annual Earnings2025/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Voyager Technologies, Inc. is covered by 12 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David StraussBarclays
Ronald EpsteinBofA Global Research
Andre MadridBTIG