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Voyager Technologies, Inc.
$1.5B
Market Cap
P/E
PEG
-38.2%
ROCE
-56.7%
ROE
1.09
D/E
-63.1%
OPM
-29.3%
% from 52W High
70
α RS
🔍 VOYG is showing a notable setup because Sector RRG has Industrials in the Improving quadrant with the trail still rolling over and RS Rating is 70. The main caution: deleveraging's Backtest win rate is only 42%. Net: Mixed signal stack, not a recommendation. ? RRG RS Rating Backtest
Sources
Industrials in Improving quadrant · RS Rating 70 · Backtest win rate 42%
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Currency-adjusted total returns for VOYG including FX impact
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📈 Price History
Ratio Health
Excellent
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By Category
📊 Sector Averages
About

Voyager Technologies, Inc. operates as a defense technology and space solutions company in the United States, Europe, the Middle East, and internationally. It operates through three segments: Defense & National Security, Space Solutions, and Starlab Space Stations. The Defense & National Security segment provides defense systems, including solid propulsion subsystems; signal intelligence systems; space-qualified radiation-hardened laser and radio frequency (RF) communications systems and advanced electro-optical and digital systems comprising transceivers, mission-data transmitters, and command and data handling systems; guidance, navigation, and control systems that include sun sensors, star trackers, and inertial measurement units; artificial intelligence-powered edge computing products; and space maneuver. Its Space Solutions segment offers advanced space technology systems, such as in-space propulsion systems with applications for orbital servicing, manufacturing, and deep space exploration; space infrastructure, including the Bishop Airlock, a module attached to the ISS that enables movement of equipment, supplies, 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 operates a commercial space station and provides continued permanent human presence in space. It serves defense, national security, and space industries. The company was formerly known as Voyager Space Holdings, Inc. and changed its name to Voyager Technologies, Inc. in February 2025. Voyager Technologies, Inc. was incorporated in 2019 and is headquartered in Denver, Colorado.

Key Ratios Snapshot
📈 Growth Pattern
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⭐ Superinvestors Holding VOYG
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Manager Shares Value % of Fund Period
Steve Cohen Point72 Asset Management 148.8K $3.5M 0.00% Mar 2026

SEC Form 13F data. 45-day lag from quarter end.

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📊 MIXED Record backlog $275M, raised 2026 guidance to $230M-$255M, Golden Dome wins.
Revenue & Profitability
Q1 2026 net sales were $35 million, modestly up year-over-year. Adjusted EBITDA was a loss of $33 million, and adjusted EPS was a loss of $0.61. Bookings totaled $45 million, resulting in a book-to-bill ratio of 1.3 and a record backlog of $275 million (up 54% YoY). The company raised its full-year 2026 revenue guidance to $230–$255 million, representing 38%–53% year-over-year growth.
Outlook
Management sees strong and growing demand across missile defense, national security, and commercial space markets. The pipeline exceeds $5 billion, with significant opportunities tied to programs of record like Golden Dome. They expect revenue to accelerate sequentially each quarter, with about 67% of full-year revenue weighted to the second half. The company is also optimistic about NASA's CLD and lunar initiatives.
Growth Drivers
Key growth levers include awards under the Golden Dome architecture (including space-based interceptors with Anduril), the Standard Missile interceptor contract with Raytheon, additional work on Next Generation Interceptor, and Starlab (commercial space station) with over 130% of commercial capacity spoken for. The company also sees growth from lunar initiatives through its investment in Max Space.
Balance Sheet & CapEx
Capital expenditures, excluding Starlab, are expected to be approximately $60–$70 million in 2026, directed toward scaling domestic production, advanced electronics, propulsion capacity, and infrastructure tied to multi-year programs. The company broke ground on an expansion of its Colorado facility and launched a new facility in Long Beach, California. AI investments are expected to accelerate manufacturing and reduce go-to-market timelines.
Margins
Full-year 2026 gross margin is expected to be in the mid-teens, reflecting investment ahead of growth. Q2 gross profit is expected to be low- to mid-single digits, improving to mid-to-high teens in Q3 and mid-20s in Q4. Management targets long-term gross margins of 30%–35% and mid-teens adjusted EBITDA margins excluding Starlab, with low-teens free cash flow margins as the platform scales.
Key Risks
Risks include customer schedule delays (especially for second-half revenue), potential changes in NASA's CLD path and funding, planned program wind-downs (e.g., SpaceDock II and Airbus SDR contract), and dependence on government contracts. The company noted that all backlog is funded, but the high second-half revenue concentration introduces execution risk.
Generated by AI · Q1 2026 results · Not investment advice
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✓ 📞 Earnings Call Transcripts (5 quarters) submit a missing quarter
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📞 Earnings Call Transcripts (5)
Q2 2026 Q2 2026 2026-08-04
Record Q2 revenue and bookings drove a backlog of $336 million, with raised 2026 revenue guidance to $275M-$305M. The Astrobotic acquisition expands lunar market reach, while strong demand and investments in technology and capacity support accelerating growth and margin improvement.
Q1 2026 Q1 2026 2026-05-05
Record backlog and strong bookings drove a significant increase in revenue guidance for 2026, with major contract wins in defense and space. Strategic investments in innovation and infrastructure position the business for accelerated growth, while Starlab and new partnerships reinforce long-term opportunities.
Q4 2025 Q4 2025 2026-03-10
Delivered robust growth in 2025 with a record backlog and strong defense segment performance. Raised 2026 revenue guidance to $225–$255 million, driven by demand in defense, national security, and commercial space, while maintaining a strong liquidity position.
Q3 2025 Q3 2025 2025-11-04
Q3 saw robust growth in defense and national security, with revenue up 15% (excluding NASA contract wind-down) and backlog rising 10%. Strategic acquisitions and Starlab progress position the company for strong 2025–2026 growth, supported by a solid balance sheet.
Q2 2025 Q2 2025 2025-08-05
Record Q2 revenue rose 25% year-over-year, led by 85% growth in defense and national security. IPO proceeds and a strong balance sheet support rapid scaling, innovation, and M&A. Starlab and NGI programs drive future growth, with robust guidance for FY2025.
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Financial Model
Projections are built from each company's audited annual financials (Income Statement, Balance Sheet, Cash Flow) over the last 5 fiscal years. Forward assumptions — revenue growth %, EBITDA margin, D&A (USD millions), interest expense, tax rate, and capex — are AI-generated using historical context and refreshed twice a year: after the December results season and after the September/Q4 results season.

DCF Valuation
Fair Value = Σ(FCFt / (1+WACC)t) + Terminal Value. Terminal Value uses the Gordon Growth Model: FCF5 × (1+g) / (WACC−g). Default WACC: 10% (US risk-free ~4.5%, equity risk premium ~5.5%). Default terminal growth: 3% (long-run US nominal GDP proxy).

CAGR Tracker
Expected 5-year CAGR = (DCF Fair Value / Current Price)1/5 − 1. Assumes fair value is reached in exactly 5 years — a mechanical estimate only.

Data Sources & Limitations
Financial statements sourced from public filings. Prices updated daily. Forward assumptions are AI-generated. All monetary values in USD millions. Non-US ADR companies may have currency conversion inaccuracies. Models are point-in-time and do not update intra-quarter or account for M&A, macro shocks, or extraordinary items.

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Investment Risk:
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Information Sources:
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