Voyager Technologies, Inc. (VOYG) Stock

Voyager Technologies, Inc. (VOYG) is a Industrials stock trading at $25.15 (as of 2026-07-24), with a market capitalization of $1.47B. Figures are sourced from first-party U.S. SEC EDGAR filings and market data.

Voyager Technologies, Inc. is a defense technology and space solutions company operating through Defense & National Security, Space Solutions, and Starlab Space Stations segments. Its offerings include defense and signal intelligence systems, communication and guidance technologies, in-space propulsion and space infrastructure solutions, and space station-related capabilities for customers in the defense and space sectors.

Understand Voyager Technologies, Inc.: how it makes money

Voyager Technologies develops defense technology and space solutions, generating net sales from its Defense and National Security segment (defense systems plus signal intelligence and communication technologies) and its Space Solutions segment (space station related offerings).

Because reported gross margin is negative (-4.4%) and operating margin is far below zero (-126.7%), the company’s profit model is structurally dependent on moving from negative gross profit toward positive gross profit, while any operating cost base amplifies the impact of small revenue levels.

Revenue by segment (latest quarter)
Defense & NatSec$0.0B
Space Solutions$0.0B

Business quality (Weak): Demand indicators are available (Qualified Opportunities Pipeline, Book to Bill Ratio), but profitability is strongly negative and the provided segment revenue detail does not include Starlab Space Stations, limiting clarity on where losses and growth are coming from.

Bull case

  • Demand visibility is quantified: Qualified Opportunities Pipeline is 3.6 USD_B (provided KPI).
  • Bookings momentum indicator is positive: Book to Bill Ratio is 1.3 (provided KPI).
  • Multiple revenue sources exist: Latest provided segment net sales include Defense and National Security (0.04B) and Space Solutions (0.01B).

Bear case

  • Profitability is materially negative: Gross margin is -4.4% and operating margin is -126.7% for the latest reported period (2026-03-31).
  • Near-term revenue is very small in the latest period: Total revenue is shown as 0.0B for 2026-03-31, while segment net sales are also low (0.04B and 0.01B).
  • Segment completeness is limited: Starlab Space Stations is an official segment, but no Starlab segment revenue figure is provided in the available segment revenue candidates.
Valuation — source: SEC EDGAR (first-party)
Price$25.15
Market Cap$1.47B
Price / Book3.63
Price / Sales9.47
FCF Yield-24.8%
Profitability & Growth — source: SEC EDGAR
Revenue (TTM)$166.42M
Net Margin-63.0%
Revenue Growth (YoY)2.1%
EPS Growth (YoY)-67.4%
FCF Growth (YoY)119.8%
Financial Health — source: SEC EDGAR
Altman Z-Score0.79 (distress)
Valuation vs Sector & Industry
Sector P/E (Industrials)28.3
Industry P/E (Defense)88.4
Smart-Money Activity — SEC Form 4 / 13F / Congressional disclosures
Top Institutional HolderSenvest Management, LLC ($83.77M)
Institutional Holders Tracked10
Congressional Trades (recent)4
Company
SectorIndustrials
IndustryDefense
CEODylan E. Taylor
Employees514
CountryUS
IPO Date2025-06-11

Related Companies (Business model: Defense & Aerospace Prime (Defense Primes + Commercial Aerospace OEMs); 8 closest by market cap)

  • Kratos Defense & Security Solutions, Inc. (KTOS)
  • Joby Aviation, Inc. (JOBY)
  • MDA Space Ltd. (MDA)
  • Archer Aviation Inc. (ACHR)
  • Firefly Aerospace Inc. (FLY)
  • York Space Systems, Inc. (YSS)
  • Redwire Corporation (RDW)
  • NextNav Inc. (NN)
VOYG earnings history · VOYG institutional & insider holders · VOYG KPIs & operating metrics · Congress trades · Insider trades · Short interest · Stock screener

Data as of 2026-07-24.

Figures sourced from U.S. Securities and Exchange Commission (SEC EDGAR) filings and market data. Not personalized investment advice.