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Voyager Technologies VOYG Space Solutions — Goodwill, Impaired, Accumulated Impairment Loss

Other segment segments

Defense and National Security
$72.86M0.0%
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 space solutions — goodwill, impaired, accumulated impairment loss?
Voyager Technologies (VOYG) reported space solutions — goodwill, impaired, accumulated impairment loss of $28.45M in Q4 2025.
What does space solutions — goodwill, impaired, accumulated impairment loss mean?
Tracks the total cumulative impairment charges recognized against goodwill specifically allocated to the Space Solutions segment. A rising balance indicates that the carrying value of acquired assets has been written down due to diminished performance or market outlook. This is a critical indicator of potential overpayment for past acquisitions or structural shifts in the segment's competitive environment.

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