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Voyager Technologies VOYG Space Solutions — Depreciation and amortization expense

Other segment segments

Defense and National Security
$8.07M+29.9%
Starlab Space Stations
$10K

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$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 space solutions — depreciation and amortization expense?
Voyager Technologies (VOYG) reported space solutions — depreciation and amortization expense of $1.32M in Q4 2025.
How has Voyager Technologies's space solutions — depreciation and amortization expense changed year-over-year?
Voyager Technologies's space solutions — depreciation and amortization expense decreased by 27.6% year-over-year, from $1.83M to $1.32M.
What is the long-term trend for Voyager Technologies's space solutions — depreciation and amortization expense?
Over 2 years (2023 to 2025), Voyager Technologies's space solutions — depreciation and amortization expense has grown at a -1.5% compound annual growth rate (CAGR), from $5.45M to $5.29M.
What does space solutions — depreciation and amortization expense mean?
The systematic allocation of the cost of tangible and intangible assets over their useful lives within the Space Solutions segment. This non-cash expense reflects the wear and tear or obsolescence of the segment's asset base. It is a key factor in reconciling the difference between accounting profit and actual cash flow generation.

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