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Voyager Technologies VOYG Defense and National Security — Depreciation and amortization expense

Other segment segments

Space Solutions
$5.29M-27.6%
Starlab Space Stations
$10K

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VTOLCorporate — Cost, Depreciation and Amortization
$380K+190%

Other financials

Income statement

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Revenue$35.2M+2.1%
Gross profit-$1.5M-128%
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$2.6B+50.2%
Enterprise value$2.2B+72.5%
P/S15.6×+4.6×

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

Reported directly by Voyager Technologies in its filing.

Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSoldDepreciationAndAmortization.

The source filing: Voyager Technologies’s 10-K, filed March 10, 2026.

Filed
Mar 10, 2026, 5:17 PM EDT
Fiscal year
FY2025
Accession
0001628280-26-016543
Year Ended December 31, 2025Defense and National SecuritySpace SolutionsStarlab Space StationsCorporateTotal
Capital expenditures:
Property and equipment$5,753$1,220$137,505$196$144,674
Total capital expenditures$5,753$1,220$137,505$196$144,674
Depreciation and amortization expense$8,065$5,287$10$53$13,415

Item 8. Financial Statements and Supplementary Data

FAQ

What is Voyager Technologies's defense and national security — depreciation and amortization expense?
Voyager Technologies (VOYG) reported defense and national security — depreciation and amortization expense of $2.02M in Q4 2025.
How has Voyager Technologies's defense and national security — depreciation and amortization expense changed year-over-year?
Voyager Technologies's defense and national security — depreciation and amortization expense increased by 29.9% year-over-year, from $1.55M to $2.02M.
What is the long-term trend for Voyager Technologies's defense and national security — depreciation and amortization expense?
Over 2 years (2023 to 2025), Voyager Technologies's defense and national security — depreciation and amortization expense has grown at a 30.0% compound annual growth rate (CAGR), from $4.77M to $8.07M.
What does defense and national security — depreciation and amortization expense mean?
The non-cash expense allocated to the Defense and National Security segment to account for the gradual consumption of tangible and intangible assets over their useful lives. This metric reflects the ongoing cost of maintaining the segment's asset base and is essential for calculating true economic profitability. It helps investors understand the capital intensity of the segment's operations.

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