Voyager Technologies, Inc. Class A (VOYG) AI Stock Analysis

• Market Cap: $1.89B
• Dividend Yield: N/A
• Average Volume (3M): 1.04M
• Price to Earnings (P/E): ―
• Beta (1Y): -0.08
• Revenue Growth: N/A
• EPS Growth: N/A
• Country: US
• Employees: 514
• Sector: Industrials
• Sector Strength: 72
• Industry: Aerospace & Defense
• EPS (TTM): N/A
• Shares Outstanding: 53,211,075
• 10 Day Avg. Volume: 904,677
• 30 Day Avg. Volume: 1,036,125
• PEG Ratio: 0.00
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• Enterprise Value/Market Cap: 1.00
• Enterprise Value/Revenue: 23.52
• Enterprise Value/Gross Profit: 136.70
• Enterprise Value/Ebitda: -36.03
• 1Y Price Target: $46.80
• Price Target Upside: 52.29% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 5

• Rating: 54 Neutral
• Price Target: $34.00 ▲(10.64% Upside)

The overall stock score for Voyager Technologies, Inc. is primarily influenced by its financial performance challenges, including high leverage and negative cash flows. Technical analysis provides some support with short-term bullish indicators, but the lack of valuation metrics limits a comprehensive assessment. The absence of earnings call and corporate events data further restricts the evaluation.

Positive Factors

Strategic Acquisition

Acquiring BridgeComm technology enhances Voyager's ability to deliver advanced optical communication solutions, accelerating development and expanding market opportunities in defense and commercial sectors.

Innovative Projects

The collaboration with Vivace for Starlab's AI-enabled space station project positions Voyager as a leader in space innovation, potentially driving long-term growth and technological leadership.

Market Expansion

Inclusion in the Russell 2000 Index can increase visibility and attract institutional investors, supporting Voyager's market expansion and enhancing its competitive position.

Negative Factors

High Leverage

Substantial leverage with a high Debt-to-Equity ratio indicates financial risk, potentially limiting operational flexibility and increasing vulnerability to economic downturns.

Negative Cash Flows

Severe cash outflows and reliance on external financing highlight operational cash challenges, threatening long-term sustainability and financial health.

Declining Profit Margins

Deteriorating profit margins indicate operational inefficiencies and challenges in achieving profitability, impacting Voyager's ability to generate sustainable earnings.

Voyager Technologies, Inc. Class A Business Overview & Revenue Model

Company Description

Voyager Technologies, Inc. operates as a defense technology and space solutions company in the United States, Europe, the Middle East, and internationally. It operates through three segments: Defense & National Security, Space Solutions, and Starlab Space Stations. The Defense & National Security segment provides defense systems, such as missile defense interceptors, kill vehicles, and hypersonic missiles and reentry systems; signal intelligence systems, including software solutions that deliver critical intelligence to the modern warfighter; communication technologies comprising radiation-hardened laser and RF communications systems and advanced electro-optical and digital systems; and guidance, navigation, and control systems consisting of sun sensors, star trackers, and inertial measurement units, as well as artificial intelligence powered edge computing products. The Space Solutions segment offers advanced space technology systems, such as in-space propulsion systems with applications for orbital servicing, manufacturing, and deep space exploration; space infrastructure, including software solutions that deliver critical intelligence to the modern warfighter; and space science and mission management products. The Starlab Space Stations segment operates a commercial space station and provides continued permanent human presence in space. It serves defense, national security, and space industries. The company was formerly known as Voyager Space Holdings, Inc. and changed its name to Voyager Technologies, Inc. in February 2025. Voyager Technologies, Inc. was incorporated in 2019 and is headquartered in Denver, Colorado.

How the Company Makes Money

Voyager Technologies, Inc. generates revenue primarily through the sale of its software products and subscription-based services. The company's key revenue streams include licensing fees from its software solutions, recurring subscription fees for its cloud-based applications, and professional services such as consulting and implementation support. Additionally, Voyager Technologies leverages strategic partnerships with major IT firms to expand its market reach and enhance its product offerings, contributing to its overall earnings. The company's focus on innovation and customer-centric solutions plays a significant role in maintaining its competitive edge and driving revenue growth.

Voyager Technologies, Inc. Class A Financial Statement Overview

Summary

Voyager Technologies, Inc. faces significant financial challenges with rising losses and negative cash flows. Despite some revenue growth and increased equity, high leverage and negative margins indicate financial instability. The reliance on external financing raises concerns about sustainability.

Income Statement

Voyager Technologies, Inc. demonstrates a significant challenge in profitability, evidenced by a worsening Net Profit Margin from -18.7% to -43.0% and a decline in EBIT margin. Revenue growth is modest at 6.0%, but the increasing losses suggest operational inefficiencies.

Balance Sheet

The company's Debt-to-Equity ratio is high at 1.75, indicating substantial leverage, but there is a positive increase in Stockholders' Equity, showing some improvement in financial structure. The Equity Ratio is relatively low at 22.7%, suggesting limited asset backing by equity.

Cash Flow

Free Cash Flow has deteriorated by 232.0%, highlighting severe cash outflows, while Operating Cash Flow to Net Income ratio remains negative, reflecting operational cash challenges. The company relies heavily on financing activities to sustain operations.

Breakdown	TTM	Dec 2024	Dec 2023
Income Statement
Total Revenue	80.18M	144.18M	136.06M
Gross Profit	13.79M	34.91M	27.79M
EBITDA	-52.34M	-38.94M	-1.34M
Net Income	-58.32M	-62.07M	-25.44M
Balance Sheet
Total Assets	685.34M	247.60M	188.89M
Cash, Cash Equivalents and Short-Term Investments	468.93M	55.93M	30.28M
Total Debt	9.49M	98.22M	86.33M
Total Liabilities	99.57M	187.67M	158.60M
Stockholders Equity	554.72M	56.22M	30.28M
Cash Flow
Free Cash Flow	-88.77M	-108.20M	-32.59M
Operating Cash Flow	-30.90M	-25.50M	-15.38M
Investing Cash Flow	-27.16M	-27.77M	11.60M
Financing Cash Flow	470.93M	78.96M	1.93M

Voyager Technologies, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
Sector *	―	$10.79B	15.43	7.44%	2.01%	2.89%	-14.66%
VCIG	―	$2.87M	―	―	―	―	―
VOYG	―	$1.89B	―	―	―	―	―
DFLI	―	$130.45M	―	―	―	4.80%	16.72%
XPON	―	$4.76M	-0.05	-504.67%	―	68.33%	78.66%
HYFM	―	$12.44M	―	-27.51%	―	-23.40%	13.78%

Voyager Technologies, Inc. Class A Corporate Events

Voyager Technologies Reports Strong Q2 2025 Results

Voyager Technologies, Inc. is a defense and space technology company focused on delivering transformative solutions to advance national security and space exploration. The company recently reported its second quarter 2025 financial results, highlighting significant achievements and financial metrics. Voyager Technologies completed its IPO, raising $409.4 million, and reported record net sales of $45.7 million, a 25% increase year-over-year, driven by an 85% growth in its Defense and National Security segment. Despite these achievements, the company incurred a net loss of $31.4 million, attributed to non-recurring IPO costs. Voyager also closed the quarter debt-free, with substantial liquidity of $668.9 million, and acquired Optical Physics Company to enhance its optical guidance technology. Looking ahead, Voyager Technologies remains focused on disciplined growth and expanding customer capabilities, with expectations of total net sales between $165 million and $170 million for the full year 2025.