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Voyager Technologies, Inc./DE

EDGAR

VOYG Quarterly report (10-Q) · filed 2026-08-04

Annual consolidated revenue for 2025: about USD 166.4M, using the latest reported figures. The previous period, 2024, was about USD 144.2M.

Inspect reported changes Compare with another company Historical disclosures Search filings Segments

Watchlist

Latest quarter

Revenue

52.7 million USD

2026 Q2 · USD

Exact inputs and evidence

Revenue: 52746000 USD Source

Operating margin

-97.46%

2026 Q2 · %

Exact inputs and evidence

Operating Income: -51408000 USD Source
Revenue: 52746000 USD Source

Operating cash flow

-44.3 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -84027000 USD Source
Operating Cash Flow: -39712000 USD Source

Free cash flow

-79.9 million USD

2026 Q2 · USD

Exact inputs and evidence

Operating Cash Flow: -84027000 USD Source
Operating Cash Flow: -39712000 USD Source
Capital Expenditure: 86652000 USD Source
Capital Expenditure: 51116000 USD Source

Cash and cash equivalents: 373 million USD 2026-06-30 Source
Exact value

373436000 USD
Long-term debt including current maturities: Not available
Shares outstanding: Not available

Trailing twelve months

The four most recent complete quarters added together. This gives a full-year view that includes the latest quarterly results.

Revenue

174 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Revenue: 39587000 USD · 2025-07-01 – 2025-09-30 Source
Revenue: 166419000 USD · 2025-01-01 – 2025-12-31 Source
Revenue: 119768000 USD · 2025-01-01 – 2025-09-30 Source
Revenue: 35246000 USD · 2026-01-01 – 2026-03-31 Source
Revenue: 52746000 USD · 2026-04-01 – 2026-06-30 Source

Net income

-137 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Net income: -16273000 USD · 2025-07-01 – 2025-09-30 Source
Net income: -104814000 USD · 2025-01-01 – 2025-12-31 Source
Net income: -74593000 USD · 2025-01-01 – 2025-09-30 Source
Net income: -43983000 USD · 2026-01-01 – 2026-03-31 Source
Net income: -46490000 USD · 2026-04-01 – 2026-06-30 Source

Operating cash flow

-114 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: -45964000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -30903000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: -60943000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: -45964000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -39712000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: -84027000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: -39712000 USD · 2026-01-01 – 2026-03-31 Source

Capital expenditure

173 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Capital expenditure: 96562000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 57865000 USD · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 144673000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 96562000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 51116000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 86652000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 51116000 USD · 2026-01-01 – 2026-03-31 Source

Free cash flow

-288 million USD

2025-07-01 – 2026-06-30

Exact inputs and evidence

Operating cash flow: -45964000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -30903000 USD · 2025-01-01 – 2025-06-30 Source
Operating cash flow: -60943000 USD · 2025-01-01 – 2025-12-31 Source
Operating cash flow: -45964000 USD · 2025-01-01 – 2025-09-30 Source
Operating cash flow: -39712000 USD · 2026-01-01 – 2026-03-31 Source
Operating cash flow: -84027000 USD · 2026-01-01 – 2026-06-30 Source
Operating cash flow: -39712000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 96562000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 57865000 USD · 2025-01-01 – 2025-06-30 Source
Capital expenditure: 144673000 USD · 2025-01-01 – 2025-12-31 Source
Capital expenditure: 96562000 USD · 2025-01-01 – 2025-09-30 Source
Capital expenditure: 51116000 USD · 2026-01-01 – 2026-03-31 Source
Capital expenditure: 86652000 USD · 2026-01-01 – 2026-06-30 Source
Capital expenditure: 51116000 USD · 2026-01-01 – 2026-03-31 Source

Includes later revisions to earlier periods. Annual charts exclude incomplete years.

Latest filing recorded: 2026-08-04.

Financial data available through: 2025-12-31.

Coverage by financial measure

Revenue: 3 of 11 periods available· newest 2025-12-31
Operating income: 3 of 11 periods available· newest 2025-12-31
Net income: 3 of 11 periods available· newest 2025-12-31
Operating cash flow: 3 of 11 periods available· newest 2025-12-31
Capital expenditure: 3 of 11 periods available· newest 2025-12-31
Total assets: 2 of 11 periods available· newest 2025-12-31
Total liabilities: 2 of 11 periods available· newest 2025-12-31
Current assets: 2 of 11 periods available· newest 2025-12-31
Current liabilities: 2 of 11 periods available· newest 2025-12-31
Cash and cash equivalents: 2 of 11 periods available· newest 2025-12-31
long term debt: No compatible figures in this window
shares outstanding: No compatible figures in this window

Coverage describes values retained in this snapshot. Missing values are not zero; loading limits are reported separately.

What changed year over year

Latest complete year compared with the corresponding period one year earlier. These are measured changes; they do not establish their business causes.

Revenue
+15.4%

Prior period

USD 144.18 million

2024-01-01 – 2024-12-31
Current period

USD 166.42 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

166419000 − 144180000 = 22239000 USD

144180000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
166419000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Revenue · Voyager Technologies, Inc./DE · 2025-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Year-over-year change in Revenue: 22239000 USD Concept: fundies:Revenue Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:Revenue: 166419000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#2762039 Filing: 000162828026016543 Input fundies:Revenue: 144180000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#2762923 Filing: 000162828026016543
The citation records this snapshot. The page link may show a newer release later.
Net income
−USD 42.74 million

Prior period

−USD 62.07 million

2024-01-01 – 2024-12-31
Current period

−USD 104.81 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-104814000 − -62072000 = -42742000 USD

-62072000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-104814000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Net income · Voyager Technologies, Inc./DE · 2025-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Year-over-year change in Net income: -42742000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:NetIncome: -104814000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#3015346 Filing: 000162828026016543 Input fundies:NetIncome: -62072000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#3016119 Filing: 000162828026016543
The citation records this snapshot. The page link may show a newer release later.
Operating cash flow
−USD 35.44 million

Prior period

−USD 25.5 million

2024-01-01 – 2024-12-31
Current period

−USD 60.94 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

-60943000 − -25502000 = -35441000 USD

-25502000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
-60943000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Operating cash flow · Voyager Technologies, Inc./DE · 2025-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Year-over-year change in Operating cash flow: -35441000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:OperatingCashFlow: -60943000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1440353 Filing: 000162828026016543 Input fundies:OperatingCashFlow: -25502000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1441004 Filing: 000162828026016543
The citation records this snapshot. The page link may show a newer release later.
Capital expenditure
+74.9%

Prior period

USD 82.7 million

2024-01-01 – 2024-12-31
Current period

USD 144.67 million

2025-01-01 – 2025-12-31

Exact inputs and evidence

144673000 − 82703000 = 61970000 USD

82703000 USD · 2024-01-01 – 2024-12-31
Inspect prior input Prior source
144673000 USD · 2025-01-01 – 2025-12-31
Inspect current input Current source

Share or cite

Citation for Year-over-year change in Capital expenditure · Voyager Technologies, Inc./DE · 2025-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Year-over-year change in Capital expenditure: 61970000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060?view=overview&cadence=annual&surface=latest#period-changes-title Computed: Current period minus corresponding prior-year period Input fundies:CapitalExpenditure: 144673000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1443815 Filing: 000162828026016543 Input fundies:CapitalExpenditure: 82703000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1444406 Filing: 000162828026016543
The citation records this snapshot. The page link may show a newer release later.

Where revenue goes

How a period’s revenue divides into costs and what remains as profit. Items marked Derived are calculated by subtraction from reported figures.

2025 2025-01-01 – 2025-12-31

Revenue USD 166.42 million 100% of revenue
Operating costs Derived USD 274.92 million 165% of revenue
Operating income −USD 108.5 million −65% of revenue
Tax, interest and other Derived −USD 3.68 million −2.2% of revenue
Net income −USD 104.81 million −63% of revenue

Cash

Operating cash flow −USD 60.94 million −37% of revenue
Capital expenditure USD 144.67 million 87% of revenue
Free cash flow Derived −USD 205.62 million −124% of revenue

Share of revenue by period

Net income
Tax, interest and other
Operating costs

2023 Operating loss: operating costs were 110% of revenue.
2024 Operating loss: operating costs were 134% of revenue.
2025 Operating loss: operating costs were 165% of revenue.

Values and sources

Revenue breakdown by annual reporting period
Period	Revenue	Operating costs	Operating income	Tax, interest and other	Net income	Free cash flow	Source
2023 2023-01-01 – 2023-12-31	136062000	150235000 Derived	-14173000	11265000 Derived	-25438000	-32591000 Derived	Source 2023-01-01 – 2023-12-31: 136062000 USD Inspect Revenue Open source 2023-01-01 – 2023-12-31: -14173000 USD Inspect Operating Income Open source 2023-01-01 – 2023-12-31: -25438000 USD Inspect Net Income Open source 2023-01-01 – 2023-12-31: -15381000 USD Inspect Operating Cash Flow Open source 2023-01-01 – 2023-12-31: 17210000 USD Inspect Capital Expenditure Open source
2024 2024-01-01 – 2024-12-31	144180000	192622000 Derived	-48442000	13630000 Derived	-62072000	-108205000 Derived	Source 2024-01-01 – 2024-12-31: 144180000 USD Inspect Revenue Open source 2024-01-01 – 2024-12-31: -48442000 USD Inspect Operating Income Open source 2024-01-01 – 2024-12-31: -62072000 USD Inspect Net Income Open source 2024-01-01 – 2024-12-31: -25502000 USD Inspect Operating Cash Flow Open source 2024-01-01 – 2024-12-31: 82703000 USD Inspect Capital Expenditure Open source
2025 2025-01-01 – 2025-12-31	166419000	274917000 Derived	-108498000	-3684000 Derived	-104814000	-205616000 Derived	Source 2025-01-01 – 2025-12-31: 166419000 USD Inspect Revenue Open source 2025-01-01 – 2025-12-31: -108498000 USD Inspect Operating Income Open source 2025-01-01 – 2025-12-31: -104814000 USD Inspect Net Income Open source 2025-01-01 – 2025-12-31: -60943000 USD Inspect Operating Cash Flow Open source 2025-01-01 – 2025-12-31: 144673000 USD Inspect Capital Expenditure Open source

Amounts are exact, in USD.

Growth

Sales over time and how quickly they are changing.

Revenue

Revenue reported for each complete financial period.

USD 166.4M 2025

Values and sources

Revenue values and source evidence
Period	Series	Value(USD)	Source evidence
20232023-12-31	Revenue	136062000	Revenue: 136062000 Open source
20242024-12-31	Revenue	144180000	Revenue: 144180000 Open source
20252025-12-31	Revenue	166419000	Revenue: 166419000 Open source

Revenue growth

Change in revenue from the same financial period one year earlier.

15.4% 2025

Values and sources

Revenue growth values and source evidence
Period	Series	Value	Source evidence
20232023-12-31	Year over year	No prior comparable period	Revenue: 136062000 Open source
20242024-12-31	Year over year	6%	Revenue: 144180000 Open source Revenue: 136062000 Open source
20252025-12-31	Year over year	15.4%	Revenue: 166419000 Open source Revenue: 144180000 Open source

Profit and cash

How much revenue becomes profit, and how much cash operations generate.

Profit margins

Operating income, net income and free cash flow as a share of revenue.

Operating margin -65.2% 2025

Net margin -63% 2025

Free cash flow margin -123.6% 2025

Operating margin
Net margin
Free cash flow margin

Values and sources

Profit margins values and source evidence
Period	Series	Value	Source evidence
20232023-12-31	Operating margin	-10.4%	Operating Income: -14173000 Open source Revenue: 136062000 Open source
20242024-12-31	Operating margin	-33.6%	Operating Income: -48442000 Open source Revenue: 144180000 Open source
20252025-12-31	Operating margin	-65.2%	Operating Income: -108498000 Open source Revenue: 166419000 Open source
20232023-12-31	Net margin	-18.7%	Net Income: -25438000 Open source Revenue: 136062000 Open source
20242024-12-31	Net margin	-43.1%	Net Income: -62072000 Open source Revenue: 144180000 Open source
20252025-12-31	Net margin	-63%	Net Income: -104814000 Open source Revenue: 166419000 Open source
20232023-12-31	Free cash flow margin	-24%	Revenue: 136062000 Open source Operating Cash Flow: -15381000 Open source Capital Expenditure: 17210000 Open source
20242024-12-31	Free cash flow margin	-75%	Revenue: 144180000 Open source Operating Cash Flow: -25502000 Open source Capital Expenditure: 82703000 Open source
20252025-12-31	Free cash flow margin	-123.6%	Revenue: 166419000 Open source Operating Cash Flow: -60943000 Open source Capital Expenditure: 144673000 Open source

Operating cash flow

Cash generated by the company’s normal business operations.

USD -60.9M 2025

Values and sources

Operating cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20232023-12-31	Operating cash flow	-15381000	Operating Cash Flow: -15381000 Open source
20242024-12-31	Operating cash flow	-25502000	Operating Cash Flow: -25502000 Open source
20252025-12-31	Operating cash flow	-60943000	Operating Cash Flow: -60943000 Open source

Free cash flow

Operating cash flow minus capital expenditure for the same period and unit.

USD -205.6M 2025

Values and sources

Free cash flow values and source evidence
Period	Series	Value(USD)	Source evidence
20232023-12-31	Free cash flow	-32591000	Operating Cash Flow: -15381000 Open source Capital Expenditure: 17210000 Open source
20242024-12-31	Free cash flow	-108205000	Operating Cash Flow: -25502000 Open source Capital Expenditure: 82703000 Open source
20252025-12-31	Free cash flow	-205616000	Operating Cash Flow: -60943000 Open source Capital Expenditure: 144673000 Open source

Balance sheet

Liabilities and short-term ability to meet obligations at each period end.

Liabilities to assets

Total liabilities as a share of total assets.

59.1% 2025

Values and sources

Liabilities to assets values and source evidence
Period	Series	Value	Source evidence
2023-12-31	Liabilities / assets	Not reported	No source recorded
20242024-12-31	Liabilities / assets	75.8%	Total Liabilities: 187669000 Open source Total Assets: 247596000 Open source
20252025-12-31	Liabilities / assets	59.1%	Total Liabilities: 620921000 Open source Total Assets: 1050454000 Open source

Current assets to current liabilities

Current assets divided by current liabilities.

4.37× 2025

Values and sources

Current assets to current liabilities values and source evidence
Period	Series	Value	Source evidence
2023-12-31	Current assets / current liabilities	Not reported	No source recorded
20242024-12-31	Current assets / current liabilities	1.16×	Current Assets: 101581000 Open source Current Liabilities: 87411000 Open source
20252025-12-31	Current assets / current liabilities	4.37×	Current Assets: 581300000 Open source Current Liabilities: 133027000 Open source

Cash generation

Compare reported profit with operating cash and capital spending. Free cash flow is calculated as operating cash flow minus capital expenditure when both exact, consolidated amounts match the same period and unit.

Cash generation by annual reporting period
Period	Net income	Operating cash flow	Capital expenditure	Free cash flow
2023 2023-01-01 – 2023-12-31	−USD 25.44 million Exact value Exact value: -25438000 USD 2023-01-01 – 2023-12-31: -25438000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Voyager Technologies, Inc./DE · 2023-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Net Income: -25438000 USD Concept: fundies:NetIncome Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060/explain?concept=fundies%3ANetIncome&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:NetIncome: -25438000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#3016892 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.	−USD 15.38 million Exact value Exact value: -15381000 USD 2023-01-01 – 2023-12-31: -15381000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Voyager Technologies, Inc./DE · 2023-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Operating Cash Flow: -15381000 USD Concept: fundies:OperatingCashFlow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060/explain?concept=fundies%3AOperatingCashFlow&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -15381000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1441656 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.	USD 17.21 million Exact value Exact value: 17210000 USD 2023-01-01 – 2023-12-31: 17210000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Voyager Technologies, Inc./DE · 2023-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Capital Expenditure: 17210000 USD Concept: fundies:CapitalExpenditure Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060/explain?concept=fundies%3ACapitalExpenditure&period=2023-12-31&surface=latest&period_type=duration&start=2023-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 17210000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1444997 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.	−USD 32.59 million Calculation and evidence -15381000 − 17210000 USD Exact free cash flow: -32591000 USD 2023-01-01 – 2023-12-31: -15381000 USD · Inspect Operating Cash Flow · Source 2023-01-01 – 2023-12-31: 17210000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Voyager Technologies, Inc./DE · 2023-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Free cash flow: -32591000 USD Concept: free-cash-flow Period: 2023-01-01 to 2023-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -15381000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1441656 Filing: 000162828026016543 Input fundies:CapitalExpenditure: 17210000 USD (2023-01-01 to 2023-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1444997 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.
2024 2024-01-01 – 2024-12-31	−USD 62.07 million Exact value Exact value: -62072000 USD 2024-01-01 – 2024-12-31: -62072000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Voyager Technologies, Inc./DE · 2024-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Net Income: -62072000 USD Concept: fundies:NetIncome Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060/explain?concept=fundies%3ANetIncome&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:NetIncome: -62072000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#3016119 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.	−USD 25.5 million Exact value Exact value: -25502000 USD 2024-01-01 – 2024-12-31: -25502000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Voyager Technologies, Inc./DE · 2024-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Operating Cash Flow: -25502000 USD Concept: fundies:OperatingCashFlow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060/explain?concept=fundies%3AOperatingCashFlow&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -25502000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1441004 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.	USD 82.7 million Exact value Exact value: 82703000 USD 2024-01-01 – 2024-12-31: 82703000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Voyager Technologies, Inc./DE · 2024-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Capital Expenditure: 82703000 USD Concept: fundies:CapitalExpenditure Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060/explain?concept=fundies%3ACapitalExpenditure&period=2024-12-31&surface=latest&period_type=duration&start=2024-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 82703000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1444406 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.	−USD 108.21 million Calculation and evidence -25502000 − 82703000 USD Exact free cash flow: -108205000 USD 2024-01-01 – 2024-12-31: -25502000 USD · Inspect Operating Cash Flow · Source 2024-01-01 – 2024-12-31: 82703000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Voyager Technologies, Inc./DE · 2024-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Free cash flow: -108205000 USD Concept: free-cash-flow Period: 2024-01-01 to 2024-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -25502000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1441004 Filing: 000162828026016543 Input fundies:CapitalExpenditure: 82703000 USD (2024-01-01 to 2024-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1444406 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.
2025 2025-01-01 – 2025-12-31	−USD 104.81 million Exact value Exact value: -104814000 USD 2025-01-01 – 2025-12-31: -104814000 USD Inspect Net Income Open source Share or cite Citation for Net Income · Voyager Technologies, Inc./DE · 2025-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Net Income: -104814000 USD Concept: fundies:NetIncome Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060/explain?concept=fundies%3ANetIncome&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:NetIncome: -104814000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#3015346 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.	−USD 60.94 million Exact value Exact value: -60943000 USD 2025-01-01 – 2025-12-31: -60943000 USD Inspect Operating Cash Flow Open source Share or cite Citation for Operating Cash Flow · Voyager Technologies, Inc./DE · 2025-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Operating Cash Flow: -60943000 USD Concept: fundies:OperatingCashFlow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060/explain?concept=fundies%3AOperatingCashFlow&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:OperatingCashFlow: -60943000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1440353 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.	USD 144.67 million Exact value Exact value: 144673000 USD 2025-01-01 – 2025-12-31: 144673000 USD Inspect Capital Expenditure Open source Share or cite Citation for Capital Expenditure · Voyager Technologies, Inc./DE · 2025-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Capital Expenditure: 144673000 USD Concept: fundies:CapitalExpenditure Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060/explain?concept=fundies%3ACapitalExpenditure&period=2025-12-31&surface=latest&period_type=duration&start=2025-01-01&unit=USD&dimensions= Input fundies:CapitalExpenditure: 144673000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1443815 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.	−USD 205.62 million Calculation and evidence -60943000 − 144673000 USD Exact free cash flow: -205616000 USD 2025-01-01 – 2025-12-31: -60943000 USD · Inspect Operating Cash Flow · Source 2025-01-01 – 2025-12-31: 144673000 USD · Inspect Capital Expenditure · Source Share or cite Citation for Free cash flow · Voyager Technologies, Inc./DE · 2025-12-31 Voyager Technologies, Inc./DE (edgar:1788060) Free cash flow: -205616000 USD Concept: free-cash-flow Period: 2025-01-01 to 2025-12-31 Values: Latest reported Published: 2026-11-02T13:51:19Z Snapshot: ca8ece048b76d8f77aa45ccea5f68e3d8fedd84a7804dd67b96c89aa9b1f8b75 Dimensions: Consolidated View: https://fundies.io/companies/edgar/1788060?view=overview&cadence=annual&surface=latest#cash-generation-title Computed: Operating cash flow minus capital expenditure Input fundies:OperatingCashFlow: -60943000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1440353 Filing: 000162828026016543 Input fundies:CapitalExpenditure: 144673000 USD (2025-01-01 to 2025-12-31) Dimensions: Consolidated Source: https://www.sec.gov/Archives/edgar/data/1788060/000162828026016543/voyg-20251231.htm#1443815 Filing: 000162828026016543 The citation records this snapshot. The page link may show a newer release later.

Capital expenditure uses the canonical mapped positive-spending convention. A missing, ambiguous, incompatible, or negative-sign input is left blank. Values use the latest reported version.

Dataset coverage and company identifiers

Coverage reflects filings processed into this Fundies dataset; it does not imply every source filing is loaded.

7 filings · 1,253 latest values · 1,253 originally reported values

Dataset published 2026-11-02. Source filing dates and reporting periods are shown separately.

Identifiers: 0001788060, 1788060, VOYG, edgar:1788060

Also known as Voyager Space Holdings, Inc., Voyager Technologies, Inc./DE, Voyager Technologies, Inc./TX

Voyager Technologies, Inc./DE

Latest quarter

Revenue

Operating margin

Operating cash flow

Free cash flow

Trailing twelve months

Revenue

Net income

Operating cash flow

Capital expenditure

Free cash flow

Company performance

What changed year over year

Revenue

Net income

Operating cash flow

Capital expenditure

Where revenue goes

2025 2025-01-01 – 2025-12-31

Cash

Share of revenue by period

Growth

Profit and cash

Balance sheet

Cash generation