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Other financials

Income statement

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Revenue$35.2M+2.1%
Operating income-$44.6M-69.8%
Net income-$44.0M-63.3%
EPS (diluted)-$0.75+67.4%

Balance sheet

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Cash & equivalents$429.4M+145%
Total debt$24.1M
Total equity$357.2M+617%
Total assets$1.0B

Cash flow

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Operating cash flow-$39.7M-177%
CapEx$51.1M+89.5%
Free cash flow-$90.8M-120%

Valuation

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Market cap$2.32B+12.6%
Enterprise value$1.92B+19.5%
P/S13.9×+0.8×

Profitability

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Gross margin13.6%-9.5pp
Operating margin-75.9%+292pp
Net margin-72.9%+61.8pp
FCF margin-152.6%

Returns & leverage

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Return on equity-59.9%
Debt / equity0.1×
Current ratio4.6×

Where this comes from

Calculated from Voyager Technologies’s reported figures.

The source filing: Voyager Technologies’s 10-Q, filed May 5, 2026.

Filed
May 5, 2026, 1:13 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001628280-26-030331
Line itemThree Months Ended / March 31, 2026Three Months Ended / March 31, 2025
Net sales$35,246$34,507
Cost of sales36,79228,922
Gross (loss) profit(1,546)5,585
Operating expenses:
Selling, general, and administrative31,35726,286
Research and development7,5114,040
Amortization of acquired intangibles4,2331,548
Loss from operations(44,647)(26,289)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Voyager Technologies's gross profit?
Voyager Technologies (VOYG) reported gross profit of -$1.55M in Q1 2026.
How has Voyager Technologies's gross profit changed year-over-year?
Voyager Technologies's gross profit decreased by 127.7% year-over-year, from $5.59M to -$1.55M.
What is the long-term trend for Voyager Technologies's gross profit?
Over 2 years (2023 to 2025), Voyager Technologies's gross profit has grown at a 3.7% compound annual growth rate (CAGR), from $27.79M to $29.88M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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