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Voyager Technologies VOYG Defense and National Security — Goodwill, Impaired, Accumulated Impairment Loss

Other segment segments

Space Solutions
$28.45M0.0%
Starlab Space Stations
$0

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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$2.32B+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

Reported directly by Voyager Technologies in its filing.

Tagged under the XBRL concept us-gaap:GoodwillImpairedAccumulatedImpairmentLoss.

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
Line itemDefense and National SecuritySpace SolutionsStarlab Space StationsTotal
Goodwill$94,728$48,348$4,747$147,823
Accumulated impairment loss(72,859)(28,449)(101,308)
Balance as of December 31, 2024$21,869$19,899$4,747$46,515
OPC Acquisition3,9953,995
EMSI Acquisition21,59821,598
ExoTerra Acquisition57,29057,290
Estes Acquisition28,27628,276
Balance as of December 31, 2025$133,028$19,899$4,747$157,674

Item 8. Financial Statements and Supplementary Data

FAQ

What is Voyager Technologies's defense and national security — goodwill, impaired, accumulated impairment loss?
Voyager Technologies (VOYG) reported defense and national security — goodwill, impaired, accumulated impairment loss of $72.86M in Q4 2025.
What does defense and national security — goodwill, impaired, accumulated impairment loss mean?
The cumulative total of impairment charges recognized against goodwill within the Defense and National Security segment. This figure indicates the extent to which the carrying value of acquired businesses has been written down due to declining performance or market conditions. It is a critical indicator of historical overpayment or deterioration in the strategic value of acquired defense assets.

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