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Voyager Technologies VOYG Defense and Space Technologies — Adjusted EBITDA

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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 voyg:EarningsBeforeInterestTaxDepreciationAndAmortization.

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
Corporate and other expenses (3)16,40817,474
Total Other Segment Expenses$68,577$55,863
Adjusted EBITDA:
Defense and Space Technologies$(11,505)$(1,068)
Starlab Space Stations (3)(5,418)(2,814)
Total Adjusted EBITDA, reportable segments(16,923)(3,882)
Intersegment eliminations
Corporate and other expenses (3)(16,408)(17,474)

ITEM 1. FINANCIAL STATEMENTS

FAQ

What is Voyager Technologies's defense and space technologies — adjusted EBITDA?
Voyager Technologies (VOYG) reported defense and space technologies — adjusted EBITDA of -$11.51M in Q1 2026.
What does defense and space technologies — adjusted EBITDA mean?
This metric measures the operational profitability of the Defense and Space Technologies segment by excluding interest, taxes, depreciation, amortization, and other non-recurring or non-cash items. It serves as a proxy for the segment's core cash-generating capability before accounting for capital structure and accounting decisions. Investors use this to compare the underlying performance and margin profile of the segment against industry peers.

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