(VOYG) Voyager Technologies - Overview
Stock: Missile, Propulsion, RF, Sun Sensor
EPS (Earnings per Share)
Revenue
| Risk 5d forecast | |
|---|---|
| Volatility | 97.1% |
| Relative Tail Risk | -4.70% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | 0.36 |
| Alpha | -49.52 |
| Character TTM | |
|---|---|
| Beta | 2.781 |
| Beta Downside | 4.047 |
| Drawdowns 3y | |
|---|---|
| Max DD | 68.15% |
| CAGR/Max DD | -0.29 |
Description: VOYG Voyager Technologies January 17, 2026
Voyager Technologies, Inc. (NYSE:VOYG) is a defense-technology and space-solutions firm operating in the United States, Europe, the Middle East, and other international markets. The company is organized into three segments: Defense & National Security, Space Solutions, and Starlab Space Stations.
The Defense & National Security segment supplies missile-defense interceptors, hypersonic weapons, signal-intelligence software, radiation-hardened laser and RF communications, and AI-enabled edge-computing hardware for guidance, navigation, and control. In FY 2024 the segment reported a 12% year-over-year revenue increase, driven largely by rising U.S. defense appropriations that are projected to grow ~3.5% in FY 2025.
The Space Solutions segment delivers in-space propulsion, orbital-servicing hardware, and mission-management software. Global demand for on-orbit servicing is expanding, with the space-economy market expected to exceed $600 billion by 2030, providing a favorable tailwind for Voyager’s propulsion and infrastructure offerings.
Starlab Space Stations operates a commercial orbital platform that offers continuous human presence for defense, national-security, and commercial customers. Early-stage revenue from long-term contracts is modest (≈$15 million in 2024) but the segment benefits from a projected CAGR of 18% in the commercial space-station market through 2030.
Voyager, incorporated in 2019 and headquartered in Denver, Colorado, rebranded from Voyager Space Holdings in February 2025, aligning its name with its broader technology portfolio.
For a deeper, data-driven valuation, see the ValueRay analysis of VOYG.
Piotroski VR‑10 (Strict, 0-10) 1.5
| Net Income: -97.9m TTM > 0 and > 6% of Revenue |
| FCF/TA: -0.23 > 0.02 and ΔFCF/TA -6.10 > 1.0 |
| NWC/Revenue: 245.2% < 20% (prev -30.88%; Δ 276.1% < -1%) |
| CFO/TA -0.08 > 3% & CFO -57.1m > Net Income -97.9m |
| Net Debt/EBITDA: error (EBITDA <= 0) |
| Current Ratio: 4.92 > 1.5 & < 3 |
| Outstanding Shares: last quarter (58.4m) vs 12m ago 3.76% < -2% |
| Gross Margin: 18.63% > 18% (prev 0.20%; Δ 1843 % > 0.5%) |
| Asset Turnover: 34.13% > 50% (prev 72.03%; Δ -37.91% > 0%) |
| Interest Coverage Ratio: -11.53 > 6 (EBITDA TTM -81.5m / Interest Expense TTM 8.55m) |
Altman Z'' -3.00
| A: 0.53 (Total Current Assets 481.5m - Total Current Liabilities 97.9m) / Total Assets 727.8m |
| B: -0.49 (Retained Earnings -355.7m / Total Assets 727.8m) |
| C: -0.22 (EBIT TTM -98.6m / Avg Total Assets 458.3m) |
| D: -3.25 (Book Value of Equity -355.8m / Total Liabilities 109.3m) |
| Altman-Z'' Score: -3.00 = D |
Beneish M -3.23
| DSRI: 1.05 (Receivables 39.9m/32.9m, Revenue 156.4m/136.1m) |
| GMI: 1.10 (GM 18.63% / 20.42%) |
| AQI: 0.35 (AQ_t 0.18 / AQ_t-1 0.51) |
| SGI: 1.15 (Revenue 156.4m / 136.1m) |
| TATA: -0.06 (NI -97.9m - CFO -57.1m) / TA 727.8m) |
| Beneish M-Score: -3.23 (Cap -4..+1) = AA |
What is the price of VOYG shares?
Over the past week, the price has changed by -11.99%, over one month by -8.32%, over three months by +12.76% and over the past year by -13.32%.
Is VOYG a buy, sell or hold?
What are the forecasts/targets for the VOYG price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | - | - |
| Analysts Target Price | - | - |
| ValueRay Target Price | 28.1 | 4.4% |
VOYG Fundamental Data Overview February 05, 2026
Revenue TTM = 156.4m USD
EBIT TTM = -98.6m USD
EBITDA TTM = -81.5m USD
Long Term Debt = 88.4m USD (from longTermDebt, last fiscal year)
Short Term Debt = 4.38m USD (from shortTermDebt, last quarter)
Debt = 10.5m USD (from shortLongTermDebtTotal, last quarter)
Net Debt = -402.8m USD (from netDebt column, last quarter)
Enterprise Value = 2.85b USD (3.25b + Debt 10.5m - CCE 413.3m)
Interest Coverage Ratio = -11.53 (Ebit TTM -98.6m / Interest Expense TTM 8.55m)
EV/FCF = -16.77x (Enterprise Value 2.85b / FCF TTM -169.9m)
FCF Yield = -5.96% (FCF TTM -169.9m / Enterprise Value 2.85b)
FCF Margin = -108.6% (FCF TTM -169.9m / Revenue TTM 156.4m)
Net Margin = -62.60% (Net Income TTM -97.9m / Revenue TTM 156.4m)
Gross Margin = 18.63% ((Revenue TTM 156.4m - Cost of Revenue TTM 127.3m) / Revenue TTM)
Gross Margin QoQ = 15.38% (prev 17.98%)
Tobins Q-Ratio = 3.92 (Enterprise Value 2.85b / Total Assets 727.8m)
Interest Expense / Debt = 1.90% (Interest Expense 200.0k / Debt 10.5m)
Taxrate = 21.0% (US default 21%)
NOPAT = -77.9m (EBIT -98.6m * (1 - 21.00%)) [loss with tax shield]
Current Ratio = 4.92 (Total Current Assets 481.5m / Total Current Liabilities 97.9m)
Debt / Equity = 0.02 (Debt 10.5m / totalStockholderEquity, last quarter 590.9m)
Debt / EBITDA = 4.94 (negative EBITDA) (Net Debt -402.8m / EBITDA -81.5m)
Debt / FCF = 2.37 (negative FCF - burning cash) (Net Debt -402.8m / FCF TTM -169.9m)
Total Stockholder Equity = 310.0m (last 4 quarters mean from totalStockholderEquity)
RoA = -21.36% (Net Income -97.9m / Total Assets 727.8m)
RoE = -31.58% (Net Income TTM -97.9m / Total Stockholder Equity 310.0m)
RoCE = -24.75% (EBIT -98.6m / Capital Employed (Equity 310.0m + L.T.Debt 88.4m))
RoIC = -22.96% (negative operating profit) (NOPAT -77.9m / Invested Capital 339.2m)
WACC = 16.11% (E(3.25b)/V(3.26b) * Re(16.16%) + D(10.5m)/V(3.26b) * Rd(1.90%) * (1-Tc(0.21)))
Discount Rate = 16.16% (= CAPM, Blume Beta Adj.)
Shares Correlation 3-Years: 81.65 | Cagr: 112.0%
Fair Price DCF = unknown (Cash Flow -169.9m)
EPS Correlation: 98.77 | EPS CAGR: 27.2k% | SUE: N/A | # QB: 0
Revenue Correlation: 76.36 | Revenue CAGR: 31.01% | SUE: N/A | # QB: 0