Voyager Technologies, Inc. (VOYG) AI Stock Analysis

Voyager Technologies, Inc. operates as a defense technology and space solutions company serving defense, national security, and space industries across the United States, Europe, the Middle East, and internationally. The company operates through three segments: Defense & National Security, Space Solutions, and Starlab Space Stations. Its Defense & National Security segment provides solid propulsion subsystems, signal intelligence systems, space-qualified radiation-hardened communications, guidance and navigation systems, and artificial intelligence-powered edge computing products. Space Solutions offers in-space propulsion, space science services, and infrastructure such as the Bishop Airlock on the ISS. The Starlab Space Stations segment operates a commercial space station providing permanent human presence in space.

Voyager generated FY2025 revenue of $166.4M, up 15.4% from $144.2M in FY2024 and $136.1M in FY2023, representing a two-year revenue CAGR of 10.6%. However, gross margin contracted from 24.2% in FY2024 to 12.8% in FY2025. Operating margin worsened from -10.4% in FY2023 to -33.6% in FY2024 and -61.9% in FY2025. Net income dropped from -$25.4M in FY2023 to -$62.1M in FY2024 and -$104.8M in FY2025. Over the trailing twelve months ended June 30, 2026, revenue stood at $174.2M with quarterly revenue growth of 15.5% year-over-year, while operating margin was -97.5% and net margin was -78.6%.

As of June 30, 2026, Voyager held $373.4M in cash and short-term investments against total debt of $491.1M, resulting in net debt of $117.6M. The company reported a current ratio of 3.80 and a debt-to-equity ratio of 1.51 on shareholders' equity of $325.7M. Operating cash flow fell to -$60.9M in FY2025, while free cash flow reached -$205.6M. During FY2025, capital expenditures consumed $144.7M, share buybacks totaled $161.9M, and dividends paid were $27.6M.

Voyager trades at a price-to-sales multiple of 8.9x and an enterprise value to revenue multiple of 11.7x, both well above the median of its US-listed Industrials peers of 1.5x sales. The company has a price-to-book ratio of 5.9x with a market capitalization of $1.55B and an enterprise value of $2.03B. Over the past year, the stock fell 26.1% compared to a 16.8% advance for the S&P 500 (SPY), and it currently trades 20.7% below its 200-day moving average.

Wall Street analysts hold 8 Strong Buy, 1 Buy, and 2 Strong Sell recommendations on VOYG. The consensus mean price target is $44.55, representing an upside of 75.7% from the last close of $25.35. For the fiscal year ending December 31, 2026, consensus calls for revenue of $291.5M and an EPS of -$2.96. For the next fiscal year, 6 analysts project revenue to expand 77.8% to $518.2M with EPS of -$1.62. The company beat EPS estimates in 2 of the last 4 quarters, and its next earnings date is November 2, 2026.

This page is an AI-written research summary of Voyager Technologies, Inc. (VOYG). The text was generated on October 30, 2026 from Quotelinks data as of October 16, 2026 (company profile, annual results, latest balance sheet, valuation, price performance and analyst estimates). An automatic check rejects any draft that contains a figure not found in that data. It is not investment advice; verify figures on the linked tabs before making decisions.

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