Voyager Technologies, Inc. (VOYG) Key Metrics
VOYG valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $1.55B
- Enterprise value
- $2.03B
- P/E (TTM)
- —
- Forward P/E
- —
- PEG ratio
- —
- Price / sales
- 8.9
- Price / book
- 5.9
- EV / EBITDA
- —
- Dividend yield
- —
- Beta
- —
VOYG key metrics, 2023–2025
Fiscal year ended December 31, 2025 · U.S. dollarsVOYG returns How much profit the business earns on the capital it uses.
VOYG per-share figures Results divided by the shares outstanding at year-end.
VOYG financial health Debt, liquidity and how easily interest is covered.
VOYG efficiency & capital use Working capital cycle and where the cash goes.
VOYG valuation history
VOYG returns on capital
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
VOYG debt vs cash
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
VOYG cash returned to shareholders
VOYG price vs earnings per share
VOYG key metrics
2023–2025| 2025 | 2024 | 2023 | |
|---|---|---|---|
| Valuation | |||
| Market capitalization | $1.53B | — | — |
| Enterprise value | $1.50B | — | — |
| Price / sales | 9.2 | — | — |
| Price / book | 4.0 | — | — |
| EV / sales | 9.0 | — | — |
| Earnings yield | −6.9% | — | — |
| Free cash flow yield | −13.5% | — | — |
| Dividend yield | 1.8% | — | — |
| Shareholder yield (dividends + buybacks) | 12.4% | — | — |
| Share price at fiscal year-end | $26.14 | — | — |
| Per share | |||
| Revenue per share | $2.85 | $2.48 | $2.34 |
| Earnings per share | −$1.80 | −$1.07 | −$0.44 |
| Operating cash flow per share | −$1.04 | −$0.44 | −$0.26 |
| Free cash flow per share | −$3.52 | −$1.86 | −$0.56 |
| Cash per share | $8.42 | $0.96 | $0.52 |
| Book value per share | $6.57 | $0.41 | −$0.21 |
| Tangible book value per share | $2.18 | −$0.99 | −$1.77 |
| Dividends per share | $0.47 | $0.00 | $0.00 |
| Capex per share | $2.48 | $1.42 | $0.30 |
| Debt per share | $8.00 | $1.69 | $1.48 |
| Shares outstanding | 58.4M | 58.2M | 58.2M |
| Change in shares outstanding | +0.3% | 0.0% | — |
| Returns & profitability | |||
| Return on equity (ROE) | −51.4% | — | — |
| Return on invested capital (ROIC) | −38.3% | −69.8% | −25.7% |
| Return on assets (ROA) | −16.1% | −28.4% | −13.5% |
| Return on tangible assets | −13.2% | −37.3% | −25.9% |
| Free cash flow margin | −123.6% | −75.0% | −24.0% |
| Financial health | |||
| Total debt | $466.8M | $98.2M | $86.3M |
| Cash & short-term investments | $491.3M | $55.9M | $30.3M |
| Net debt | −$24.5M | $42.3M | $56.0M |
| Debt / equity | 1.22 | 4.13 | — |
| Debt / assets | 0.44 | 0.40 | 0.46 |
| Current ratio | 4.37 | 1.16 | 0.62 |
| Quick ratio | 4.34 | 1.14 | 0.59 |
| Interest coverage | -15.1 | -4.0 | -1.3 |
| Working capital | $448.3M | $14.2M | −$42.0M |
| Invested capital | $359.2M | $66.1M | $43.6M |
| Tangible asset value | $172.9M | −$21.3M | −$60.5M |
| Net current asset value | −$39.6M | −$86.1M | −$89.4M |
| Graham net-net per share | −$1.42 | −$1.83 | −$1.75 |
| Capital allocation | |||
| Dividends paid | $27.6M | $0 | $0 |
| Share buybacks (net) | $161.9M | $0 | $0 |
| Capex / revenue | 86.9% | 57.4% | 12.6% |
| Capex / depreciation | 8.83 | 5.05 | 1.33 |
| Stock-based compensation / revenue | 11.4% | 2.6% | 2.0% |
| R&D / revenue | 7.7% | 5.3% | 13.6% |
| SG&A / revenue | 70.4% | 43.4% | 39.2% |
| Efficiency | |||
| Days sales outstanding | 101.2 | 83.0 | 88.2 |
| Days of inventory on hand | 6.7 | 7.7 | 10.5 |
| Days payables outstanding | 63.1 | 60.6 | 45.5 |
| Cash conversion cycle (days) | 44.8 | 30.1 | 53.2 |
| Receivables turnover | 3.61 | 4.40 | 4.14 |
| Payables turnover | 5.78 | 6.02 | 8.02 |
| Inventory turnover | 54.23 | 47.22 | 34.91 |
| Asset turnover | 0.26 | 0.66 | 0.72 |
| Average receivables | $46.1M | $32.8M | $32.9M |
| Average payables | $25.1M | $18.1M | $13.5M |
| Average inventory | $2.7M | $2.3M | $3.1M |
| Intangibles / total assets | 24.4% | 32.8% | 48.1% |
Computed from VOYG's annual financial statements (latest annual report filed March 10, 2026) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
VOYG valuation and financial ratios
Voyager Technologies earned a return on equity of −51.4% and a return on invested capital of −38.3% in fiscal 2025. It ended the year with $466.8 million of debt and $491.3 million in cash and short-term investments, a net cash position of $24.5 million. It returned $189.5 million to shareholders: $27.6 million in dividends and $161.9 million in share buybacks.
See the VOYG income statement, the VOYG chart for price history, or the VOYG stock overview for the latest quote and news.
VOYG key metrics FAQ
What is Voyager Technologies's return on equity?
Voyager Technologies's return on equity (ROE) was −51.4% in fiscal 2025: net income of -$104.8 million on average shareholders' equity of $203.8 million.
What is Voyager Technologies's ROIC?
Voyager Technologies's return on invested capital was −38.3% in fiscal 2025, using after-tax operating income divided by average debt plus equity minus cash.
How much debt does Voyager Technologies have?
Voyager Technologies had total debt of $466.8 million at the end of fiscal 2025, a debt-to-equity ratio of 1.22 and more cash than debt.
What is Voyager Technologies's dividend yield?
Voyager Technologies paid $27.6 million in dividends in fiscal 2025 ($0.47 per share), a payout ratio of —.
Does Voyager Technologies buy back its shares?
Yes. Voyager Technologies spent $161.9 million on net share repurchases in fiscal 2025 Shares outstanding changed +0.3% over the year, to 58.4M..
What is Voyager Technologies's free cash flow yield?
Voyager Technologies generated -$205.6 million of free cash flow in fiscal 2025, a free cash flow yield of −13.5% on its market value at year-end ($1.5 billion).
What is Voyager Technologies's current ratio?
Voyager Technologies's current ratio was 4.37 at the end of fiscal 2025: current assets were 4.37 times current liabilities.