Voyager Technologies, Inc. (VOYG) Balance Sheet
VOYG balance sheet, 2025
December 31, 2025 · U.S. dollars$1.05B assets = $620.9M liabilities + $429.5M equity
Both columns are drawn to the same scale: what VOYG owns equals what it owes plus shareholders’ equity. Hover a block for its value.
VOYG financial health
Descriptive bands, not a rating. Fiscal 2025.
VOYG balance sheet trends, 2023–2025
| Metric | Trend | Then | Latest | Change |
|---|---|---|---|---|
| Total assets | $188.9M2023 | $1.05B2025 | +135.8%/yr | |
| Total liabilities | $158.6M2023 | $620.9M2025 | +97.9%/yr | |
| Shareholders’ equity | −$12.5M2023 | $383.7M2025 | — | |
| Cash & short-term investments | $30.3M2023 | $491.3M2025 | +302.8%/yr | |
| Total debt | $86.3M2023 | $466.8M2025 | +132.5%/yr | |
| Net cash (debt) | −$56.0M2023 | $24.5M2025 | +$80.6M | |
| Working capital | −$42.0M2023 | $448.3M2025 | +$490.3M | |
| Book value per share | −$0.212023 | $6.572025 | — | |
| Current ratio | 0.622023 | 4.372025 | +3.75 | |
| Debt / equity | 4.132024 | 1.222025 | −2.91 | |
| Shares outstanding | 58.2M2023 | 58.4M2025 | +0.1%/yr |
Change is the average annual growth (CAGR) or the difference between the first and latest year.
VOYG assets
VOYG liabilities and equity
VOYG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease obligations.
VOYG balance sheet
| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Assets | |||
| Cash & short-term investments | $491.3M | $55.9M | $30.3M |
| Cash & equivalents | $491.3M | $55.9M | $30.3M |
| Receivables | $59.6M | $32.7M | $32.9M |
| Inventory | $3.8M | $1.5M | $3.1M |
| Other current assets | $26.5M | $11.5M | $2.9M |
| Total current assets | $581.3M | $101.6M | $69.2M |
| Property, plant & equipment (net) | $182.4M | $57.6M | $23.5M |
| Goodwill & intangible assets | $256.7M | $81.2M | $90.8M |
| Long-term investments | $0 | $0 | $0 |
| Other non-current assets | $30.0M | $7.2M | $5.4M |
| Total assets | $1.05B | $247.6M | $188.9M |
| Liabilities | |||
| Accounts payable | $27.4M | $22.8M | $13.5M |
| Short-term debt | $5.8M | $3.7M | $48.4M |
| Deferred revenue | $24.3M | $21.4M | $16.3M |
| Total current liabilities | $133.0M | $87.4M | $111.2M |
| Long-term debt | $447.6M | $88.4M | $30.6M |
| Lease obligations | $19.2M | $9.2M | $10.6M |
| Other long-term liabilities | $40.3M | $11.9M | $16.8M |
| Total liabilities | $620.9M | $187.7M | $158.6M |
| Shareholders' equity | |||
| Common stock & paid-in capital | $6,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$385.9M | −$281.1M | −$216.8M |
| Accumulated other comprehensive income | −$95,000 | $28,000 | −$189,000 |
| Minority interest | $45.8M | $36.1M | $42.8M |
| Total shareholders' equity | $383.7M | $23.8M | −$12.5M |
| Key figures | |||
| Total debt | $466.8M | $98.2M | $86.3M |
| Net cash (debt) | $24.5M | −$42.3M | −$56.0M |
| Working capital | $448.3M | $14.2M | −$42.0M |
| Tangible book value | $127.1M | −$57.4M | −$103.3M |
| Book value per share | $6.57 | $0.41 | −$0.21 |
| Shares outstanding | 58.4M | 58.2M | 58.2M |
| Current ratio | 4.37 | 1.16 | 0.62 |
| Quick ratio | 4.14 | 1.01 | 0.57 |
| Debt / equity | 1.22 | 4.13 | — |
| Equity / assets | 36.5% | 9.6% | −6.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & short-term investments | $373.4M | $429.4M | $491.3M | $413.3M | $468.9M | $175.5M | $55.9M |
| Cash & equivalents | $373.4M | $429.4M | $491.3M | $413.3M | $468.9M | $175.5M | $55.9M |
| Receivables | $77.8M | $48.0M | $59.6M | $39.9M | $34.3M | $26.4M | $32.7M |
| Inventory | $9.6M | $5.7M | $3.8M | $1.7M | $1.4M | $1.2M | $1.5M |
| Other current assets | $24.8M | $25.7M | $26.5M | $26.5M | $6.8M | $7.5M | $11.5M |
| Total current assets | $485.7M | $508.7M | $581.3M | $481.5M | $511.4M | $210.6M | $101.6M |
| Property, plant & equipment (net) | $252.5M | $233.3M | $182.4M | $116.7M | $76.2M | $67.5M | $57.6M |
| Goodwill & intangible assets | $247.6M | $252.4M | $256.7M | $117.0M | $87.5M | $79.7M | $81.2M |
| Long-term investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other non-current assets | $23.5M | $29.3M | $30.0M | $12.6M | $10.2M | $7.7M | $7.2M |
| Total assets | $1.01B | $1.02B | $1.05B | $727.8M | $685.3M | $365.5M | $247.6M |
| Liabilities | |||||||
| Accounts payable | $37.6M | $19.9M | $27.4M | $23.0M | $20.7M | $15.2M | $22.8M |
| Short-term debt | $7.6M | $6.8M | $5.8M | $4.4M | $3.4M | $3.9M | $3.7M |
| Deferred revenue | $22.5M | $16.9M | $24.3M | $8.1M | $10.2M | $16.0M | — |
| Total current liabilities | $127.8M | $111.3M | $133.0M | $97.9M | $91.3M | $88.3M | $87.4M |
| Long-term debt | $448.9M | $448.3M | $447.6M | $0 | $0 | $89.8M | $0 |
| Lease obligations | $42.2M | $43.1M | $19.2M | $10.5M | $9.5M | $9.8M | — |
| Other long-term liabilities | $56.0M | $59.7M | $40.3M | $11.5M | $11.2M | $12.5M | $193.8M |
| Total liabilities | $632.7M | $619.2M | $620.9M | $109.3M | $102.5M | $190.7M | $281.2M |
| Shareholders' equity | |||||||
| Common stock & paid-in capital | $6,000 | $6,000 | $6,000 | $6,000 | $6,000 | $1,000 | $1,000 |
| Retained earnings (deficit) | −$476.4M | −$429.9M | −$385.9M | −$355.7M | −$339.4M | −$308.1M | −$281.1M |
| Accumulated other comprehensive income | −$62,000 | −$64,000 | −$95,000 | −$82,999 | −$83,000 | $6,000 | $28,000 |
| Minority interest | $50.9M | $47.2M | $45.8M | $27.6M | $28.1M | — | — |
| Total shareholders' equity | $325.7M | $357.2M | $383.7M | $590.9M | $554.7M | $144.4M | −$69.7M |
| Key figures | |||||||
| Total debt | $491.1M | $491.3M | $466.8M | $10.5M | $9.5M | $100.4M | $98.2M |
| Net cash (debt) | −$117.6M | −$62.0M | $24.5M | $402.8M | $459.4M | $75.1M | −$42.3M |
| Working capital | $357.8M | $397.5M | $448.3M | $383.6M | $420.1M | $122.3M | $14.2M |
| Tangible book value | $78.1M | $104.8M | $127.1M | $473.9M | $467.2M | $64.8M | −$150.9M |
| Book value per share | $5.57 | $6.12 | $6.57 | $10.12 | $9.67 | $2.57 | −$1.24 |
| Shares outstanding | 58.5M | 58.3M | 58.4M | 58.4M | 57.3M | 56.3M | 56.3M |
| Current ratio | 3.80 | 4.57 | 4.37 | 4.92 | 5.60 | 2.38 | 1.16 |
| Quick ratio | 3.53 | 4.29 | 4.14 | 4.63 | 5.51 | 2.29 | 1.01 |
| Debt / equity | 1.51 | 1.38 | 1.22 | 0.02 | 0.02 | 0.69 | — |
| Equity / assets | 32.3% | 34.9% | 36.5% | 81.2% | 80.9% | 39.5% | −28.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed March 10, 2026); data from EODHD.
VOYG financial position
At the end of fiscal 2025 (December 31, 2025), Voyager Technologies had total assets of $1.1 billion (up 324.3% from a year earlier), total liabilities of $620.9 million and shareholders' equity of $383.7 million. It held $491.3 million in cash and short-term investments against $466.8 million of debt, a net cash position of $24.5 million. Its current ratio was 4.37. In the latest quarter (ended June 30, 2026) total assets were $1.0 billion and equity $325.7 million.
Related: VOYG income statement, VOYG cash flow statement, VOYG key metrics. See the VOYG stock overview for the latest quote and news.
VOYG balance sheet FAQ
What are Voyager Technologies's total assets?
Voyager Technologies reported total assets of $1.1 billion at the end of fiscal 2025 (December 31, 2025), compared with $247.6 million a year earlier.
How much debt does Voyager Technologies have?
Voyager Technologies had $466.8 million of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 1.22.
How much cash does Voyager Technologies have?
Voyager Technologies held $491.3 million in cash and short-term investments at the end of fiscal 2025; with $466.8 million of debt that is net cash of $24.5 million.
What is Voyager Technologies's book value?
Voyager Technologies's shareholders' equity (book value) was $383.7 million at the end of fiscal 2025, or $6.57 per share.
What is Voyager Technologies's current ratio?
Voyager Technologies had current assets of $581.3 million and current liabilities of $133.0 million, a current ratio of 4.37 (it can cover its short-term obligations).
How much goodwill does Voyager Technologies have?
Voyager Technologies carried $256.7 million of goodwill and intangible assets, 24.4% of total assets, at the end of fiscal 2025.