VOYG Stock Analysis: Voyager Technologies | NYSE
Aerospace & Defense | NYSE, USA | Market Cap: 2.020m USD | 12M Return: -21.1% | Charts, Fundamentals & Technical Analysis
Avg Turnover: 89.9M
Qual. Beats: 0
Rev. Trend: 97.1%
Warnings
Tailwinds
No distinct edge detected
Seasonality 1.1 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Voyager Technologies, Inc. (NYSE: VOYG) is a U.S.-headquartered defense technology and space solutions company operating across the United States, Europe, the Middle East, and other international markets. Incorporated in 2019 and based in Denver, Colorado, the company rebranded from Voyager Space Holdings, Inc. to its current name in February 2025. It serves defense, national security, and space industry customers, positioning itself within the commercial space and defense technology sectors that increasingly partner with government agencies like NASA and the Department of Defense.
The company organizes its operations into three segments. The Defense & National Security segment supplies solid propulsion subsystems, signal intelligence systems, space-qualified radiation-hardened laser and RF communications systems, electro-optical and digital systems (including transceivers, mission-data transmitters, and command and data handling systems), guidance, navigation, and control systems (such as sun sensors, star trackers, and inertial measurement units), AI-powered edge computing products, and space maneuver capabilities.
The Space Solutions segment provides in-space propulsion systems for orbital servicing, manufacturing, and deep space exploration; space infrastructure including the Bishop Airlock module on the International Space Station (ISS), which facilitates the movement of equipment and payloads between the ISS and open space; and space science and mission management services such as the Space Acceleration Measurement System (SAMS) on the ISS. The Starlab Space Stations segment is developing a commercial space station intended to support continued permanent human presence in low Earth orbit, a role that aligns with broader industry efforts to provide successors to the ISS as it approaches retirement.
- Defense segment revenue grows on rising DoD spending
- Starlab space station partnerships drive long-duration revenue
- Bishop Airlock revenue faces ISS retirement headwind
| Net Income: -121.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.27 > 0.02 and ΔFCF/TA 2.21 > 1.0 |
| NWC/Revenue: 237.8% < 20% (prev 84.82%; Δ 153.0% < -1%) |
| CFO/TA -0.08 > 3% & CFO -86.3m > Net Income -121.9m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 4.57 > 1.5 & < 3 |
| Outstanding Shares: last quarter (58.3m) vs 12m ago 3.64% < -2% |
| Gross Margin: 8.08% > 18% (prev 24.22%; Δ -16.13% > 0.5%) |
| Asset Turnover: 24.07% > 50% (prev 39.45%; Δ -15.39% > 0%) |
| Interest Coverage Ratio: -19.56 > 6 (EBIT TTM -121.4m / Interest Expense TTM 6.21m) |
| A: 0.39 (Total Current Assets 508.7m - Total Current Liabilities 111.3m) / Total Assets 1.02b |
| B: -0.42 (Retained Earnings -429.9m / Total Assets 1.02b) |
| C: -0.17 (EBIT TTM -121.4m / Avg Total Assets 694.6m) |
| D: 0.58 (Book Value of Equity 357.2m / Total Liabilities 619.2m) |
| Altman-Z'' = 0.61 = B |
| DSRI: 1.57 (Receivables 48.0m/26.4m, Revenue 167.2m/144.2m) |
| GMI: 3.00 (GM 24.22% / 8.08%) |
| AQI: 1.15 (AQ_t 0.28 / AQ_t-1 0.24) |
| SGI: 1.16 (Revenue 167.2m / 144.2m) |
| TATA: -0.03 (NI -121.9m - CFO -86.3m) / TA 1.02b) |
| Beneish M = -0.55 (Cap -4..+1) = D |
As of July 10, 2026, the stock is trading at USD 32.64 with a total of 980,742 shares traded. Over the past week, the price has changed by -3.46%, over one month by -17.30%, over three months by +10.42% and over the past year by -21.06%.
Current recommended Stop Loss: 26.80 (which is 17.9% or 1.7 ATR below the current price).
Voyager Technologies has no consensus analysts rating.
| Analysts Target Price | 43.5 | 33.1% |
P/S = 12.0859
P/B = 5.6769
Revenue TTM = 167.2m USD
EBIT TTM = -121.4m USD
EBITDA TTM = -101.0m USD
Long Term Debt = 448.3m USD (from longTermDebt, last quarter)
Short Term Debt = 6.76m USD (from shortTermDebt, last quarter)
Debt = 534.4m USD (from shortLongTermDebtTotal, last quarter) + Leases 43.1m
Net Debt = 105.0m USD (calculated: Debt 534.4m - CCE 429.4m)
Enterprise Value = 2.13b USD (2.02b + Debt 534.4m - CCE 429.4m)
Interest Coverage Ratio = -19.56 (Ebit TTM -121.4m / Interest Expense TTM 6.21m)
EV/FCF = -7.58x (Enterprise Value 2.13b / FCF TTM -280.4m)
FCF Yield = -13.20% (FCF TTM -280.4m / Enterprise Value 2.13b)
FCF Margin = -167.8% (FCF TTM -280.4m / Revenue TTM 167.2m)
Net Margin = -72.90% (Net Income TTM -121.9m / Revenue TTM 167.2m)
Gross Margin = 8.08% ((Revenue TTM 167.2m - Cost of Revenue TTM 153.6m) / Revenue TTM)
Gross Margin QoQ = -16.40% (prev 14.14%)
Tobins Q-Ratio = 2.08 (Enterprise Value 2.13b / Total Assets 1.02b)
Interest Expense / Debt = 1.16% (Interest Expense 6.21m / Debt 534.4m)
Taxrate = 21.0% (US federal default 21%)
NOPAT = -95.9m (EBIT -121.4m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 3.88 (Total Current Assets 508.7m / Total Current Liabilities 131.1m)
Debt / Equity = 1.50 (Debt 534.4m / totalStockholderEquity, last quarter 357.2m)
Debt / EBITDA = -1.04 (negative EBITDA) (Net Debt 105.0m / EBITDA -101.0m)
Debt / FCF = -0.37 (negative FCF - burning cash) (Net Debt 105.0m / FCF TTM -280.4m)
Total Stockholder Equity = 471.6m (last 4 quarters mean from totalStockholderEquity)
RoA = -17.54% (Net Income -121.9m / Total Assets 1.02b)
RoE = -25.84% (Net Income TTM -121.9m / Total Stockholder Equity 471.6m)
RoCE = -13.20% (EBIT -121.4m / Capital Employed (Equity 471.6m + L.T.Debt 448.3m))
RoIC = -10.53% (negative operating profit) (NOPAT -95.9m / Invested Capital 910.9m)
WACC = 14.93% (E(2.02b)/V(2.55b) * Re(18.64%) + D(534.4m)/V(2.55b) * Rd(1.16%) * (1-Tc(0.21)))
Discount Rate = 18.64% (= CAPM, Blume Beta Adj.) -> capped to 13.17%
Shares (quarterly) Correlation: 58.93 | Cagr: 1.81%
[DCF] Fair Price = unknown (Cash Flow -280.4m)
EPS Correlation: N/A | EPS CAGR: N/A | SUE: -0.01 | # QB: 0
Revenue Correlation: 97.13 | Revenue CAGR: 10.59% | SUE: N/A | # QB: 0
EPS current Quarter (2026-06-30): EPS=-0.91 | Chg30d=+0.00% | Revisions=-62% | Analysts=6
EPS next Quarter (2026-09-30): EPS=-0.88 | Chg30d=+0.00% | Revisions=-62% | Analysts=6
EPS current Year (2026-12-31): EPS=-3.02 | Chg30d=+2.45% | Revisions=-67% | GrowthEPS=-47.1% | GrowthRev=+44.7%
EPS next Year (2027-12-31): EPS=-1.38 | Chg30d=-6.69% | Revisions=-30% | GrowthEPS=+54.2% | GrowthRev=+55.1%
[Analyst] Revisions Ratio: -73% (up=2, down=21)