Voyager Technologies Past Earnings Performance
Past criteria checks 0/6
Voyager Technologies's earnings have been declining at an average annual rate of -30.7%, while the Aerospace & Defense industry saw earnings growing at 21% annually. Revenues have been growing at an average rate of 10.6% per year.
Key information
-30.65%
Earnings growth rate
60.91%
EPS growth rate
| Aerospace & Defense Industry Growth | 5.38% |
| Revenue growth rate | 10.63% |
| Return on equity | -38.78% |
| Net Margin | -78.61% |
| Last Earnings Update | 30 Jun 2026 |
Recent past performance updates
Recent updates
Voyager Technologies: The Next Defense Tech Winner Nobody Is Talking About
Summary Voyager Technologies (VOYG) reported 2Q26 revenue of $52.7M (+15% YoY), with bookings of $113M and a record $336M backlog, signaling accelerating demand. VOYG's growth is broad-based across defense, AI, propulsion, and space infrastructure, supporting raised FY26 guidance of $275M–$305M (66–84% YoY growth). Golden Dome and Agentic AI are emerging as major multi-year growth engines, while the Astrobotic acquisition expands vertical integration and revenue synergy opportunities. Despite thin margins and high investment spend, VOYG's $600M+ liquidity and expanding $5B+ pipeline position it for long-term operating leverage and revenue growth. Read the full article on Seeking Alpha
VOYG: Golden Dome Exposure Will Support Future Defense Platform Upside
The analyst fair value estimate for Voyager Technologies has been raised from $45.00 to $60.00, as analysts point to the company's exposure to Golden Dome missile defense, low Earth orbit infrastructure projects like Starlab, and a growing, tier-one validated backlog as key supports for the higher target. Analyst Commentary Recent Street research on Voyager Technologies shows a split view, with one large bank turning more cautious while several bullish analysts highlight what they see as attractive exposure to missile defense programs like Golden Dome, low Earth orbit projects such as Starlab, and a growing backlog.
VOYG: Elevated Expectations Will Confront Missile Defense And Low Orbit Execution Risk
The updated analyst price target for Voyager Technologies moves to $46, down from $60, as analysts factor in a higher $8.35 discount rate, a fair value estimate of about $22.70, slightly adjusted revenue growth and profit margin assumptions, and a lower future P/E of about 43x. This reflects a balance between its missile defense and low Earth orbit opportunities.
VOYG: Backlog And Space Infrastructure Expansion Will Support Future Upside
The analyst price target for Voyager Technologies has moved from about $39.83 to about $44.73. Analysts cite increased confidence in the company’s access to national security funding, a larger space infrastructure footprint, and clearer visibility into its contracted backlog as key reasons for the shift.
The Landlord of Orbit and the Emerging Lunar Logistics Giant: A Deep Value Play Ahead of the Starlab & Astrobotic Era
While the broader market continues to price Voyager Technologies (VOYG) as a low-margin, cash-burning legacy defense contractor, massive structural shifts within the company’s portfolio have necessitated a fundamental update to our valuation model. In our previous thesis, we defined Voyager primarily as the "Landlord of Orbit" based on the Starlab commercial space station—the designated successor to the ISS.Analysts Are Updating Their Voyager Technologies, Inc. (NYSE:VOYG) Estimates After Its First-Quarter Results
Voyager Technologies, Inc. ( NYSE:VOYG ) just released its latest quarterly report and things are not looking great...Revenue & Expenses Breakdown
How Voyager Technologies makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 30 Jun 26 | 174 | -137 | 132 | 23 |
| 31 Mar 26 | 167 | -127 | 119 | 16 |
| 31 Dec 25 | 166 | -116 | 114 | 13 |
| 30 Sep 25 | 157 | -101 | 100 | 8 |
| 30 Jun 25 | 157 | -105 | 85 | 5 |
| 31 Mar 25 | 148 | -97 | 68 | 11 |
| 31 Dec 24 | 144 | -84 | 57 | 8 |
| 31 Dec 23 | 136 | -43 | 51 | -19 |
Quality Earnings: VOYG is currently unprofitable.
Growing Profit Margin: VOYG is currently unprofitable.
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: Insufficient data to determine if VOYG's year-on-year earnings growth rate was positive over the past 5 years.
Accelerating Growth: Unable to compare VOYG's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VOYG is unprofitable, making it difficult to compare its past year earnings growth to the Aerospace & Defense industry (28.8%).
Return on Equity
High ROE: VOYG has a negative Return on Equity (-38.78%), as it is currently unprofitable.
Return on Assets
Return on Capital Employed
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2026/08/07 04:19 |
| End of Day Share Price | 2026/08/07 00:00 |
| Earnings | 2026/06/30 |
| Annual Earnings | 2025/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
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| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Voyager Technologies, Inc. is covered by 13 analysts. 11 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| David Strauss | Barclays |
| Ronald Epstein | BofA Global Research |
| Andre Madrid | BTIG |