Voyager Technologies, Inc. (VOYG)

NYSE: VOYG · Guided Missiles & Space Vehicles & Parts · Denver, CO · filing with the SEC since 2020

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Grade5.0

◀ Past 5.0● Present 4.8▶ Future 5.3

3 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Voyager Technologies, Inc.

Nine metrics read from its own filings, by tense

Headline grade

5.0/10

◀ Past5.030% of the headline

● Present4.840% of the headline

▶ Future5.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 6 read as filed from the record and 3 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

5.0/1030% of the headline grade · 2 of 3 filed, 1 estimated

Surviving crises

as filed

6.7/10

Has it survived what it has been through?

No warning events in its filings since 2020.

weight 33% of this tense · 67th percentile among 9 sector filers · read for itself

From the record

Voyager Technologies, Inc.'s filings since 2020 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

4.5/10

What has it actually done, year after year?

+10.6% a year over 3 filed years; profitable in 0 of 3.

weight 45% of this tense · 45th percentile among 7 sector filers · read for its customers

From the record

Voyager Technologies, Inc.'s 3 filed years say what it did: revenue went from $136 million in fiscal 2023 to $166 million in fiscal 2025, up 10.6% a year; it rose in 2 of 2 years; it never fell from a peak; net income was positive in 0 of 3 of those years (its annual reports).

What it rests on

revenue growth over the filed span10.6%bottom 21% of its family
the share of years revenue rosetop 36% of its family
the share of filed years with a profitbottom 29% of its family
the deepest fall from a revenue peak0.0%top 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

SI estimate

3.6/10

How has it treated the people who own it?

SI estimate 3.6/10, confidence 35 of 100 (one part).

weight 22% of this tense · 36th percentile among 7 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, the share count over the years, which ranks in the bottom 36% of 7 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
What the record cannot read: Fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income.
How it was reasoned: one part: the share count over the years, the one part on file, ranked among 7 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Voyager Technologies, Inc.'s shareholder treatment is put at 3.6 of 10 with a confidence of 35 of 100, because read from one part only, the share count over the years, which ranks in the bottom 36% of 7 in its family; fewer than two of the parts can be read: the share count over the years, and the cash returned against a positive operating cash flow or net income. A filing that carries the missing parts replaces this estimate with the filed reading.

● Present

What are they doing right now?

4.8/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

3.6/10

Is it financially healthy right now?

ROE -24%: lost 24¢ per shareholder dollar. Leverage 59%: owes 59¢ per asset dollar.

weight 45% of this tense · 36th percentile among 7 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Voyager Technologies, Inc. lost about 24 cents for every dollar of shareholders' money, and gross profitability: its products earned about 3 cents per dollar of everything the company owns (revenue less the cost of revenue). Leverage: it owed about 59 cents per dollar of assets, and net share issuance: its share count grew 215.5% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 21% of its family
return on equitybottom 36% of its family
gross profit against assetstop 50% of its family
the share count against the year beforebottom 36% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

3.6/10

How strong is its position in its industry?

bottom 36% of 7 in its family; net margin -63%.

weight 33% of this tense · 36th percentile among 7 sector filers · read for its customers

From the record

Voyager Technologies, Inc.'s standing among 7 graded names in its industry family: revenue of $166 million in fiscal 2025 ranks in the bottom 36% by size; a net margin of -63% ranks in the top 50%; revenue growth of 10.6% a year over the last 2 filed years ranks in the bottom 21% (its annual reports).

What it rests on

revenue against the family$166Mbottom 36% of its family
net margin-63.0%top 50% of its family
three-year revenue growth10.6%bottom 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

9.4/10

What are the people in charge doing?

SI estimate 9.4/10, confidence 35 of 100 (one part).

weight 22% of this tense · 94th percentile among 8 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: Read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 6% of 8 in its family; the record of its people begins on 2025-06-11 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.4 years and cannot see past it; a floor under five years is not read as years in charge.
What the record cannot read: The record of its people begins on 2025-06-11 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.4 years and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: one part: officer and director changes on Form 8-K, against the people in charge, the one part on file, ranked among 8 in its family.
Confidence: 35 of 100
What would change it: A filing that carries the missing parts replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Voyager Technologies, Inc.'s leadership is put at 9.4 of 10 with a confidence of 35 of 100, because read from one part only, officer and director changes on Form 8-K over three years, against the people in charge, which ranks in the top 6% of 8 in its family; the record of its people begins on 2025-06-11 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 1.4 years and cannot see past it; a floor under five years is not read as years in charge. A filing that carries the missing parts replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.3/1030% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed

5.4/10

How much room does it have to grow?

top 46% of 7 in its family for room to expand.

weight 45% of this tense · 54th percentile among 7 sector filers · read for itself

From the record

Voyager Technologies, Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $491 million against no long-term debt tagged leaves 46.8% of its assets as net cash, top 7% of its family; cash from operations less capital spending is -123.6% of revenue (bottom 36%); a gross margin of 18% (bottom 36%); research spending of 11.4% of revenue (top 50%) (its annual report).

What it rests on

cash less debt against assets46.8%top 7% of its family
cash from operations less capital spending against revenue-123.6%bottom 36% of its family
gross margin18.0%bottom 36% of its family
research spending against revenue11.4%top 50% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

5.5/10

What could actually drive growth from here?

top 45% of 7 in its family for growth drivers.

weight 33% of this tense · 55th percentile among 7 sector filers · read for its customers

From the record

Voyager Technologies, Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 10.6% a year over the last three filed years against 10.6% over all 3, speeding up (bottom 43% of its family); the newest year grew 15.4% (top 50%); research spending grew 1.3% a year (bottom 36%); capital spending grew 189.7% a year (top 7%) (its annual reports). Voyager Technologies, Inc. reported 3 lines of business in fiscal 2025: Defense and National Security at $123 million, Space Solutions at $48 million, Starlab Space Stations at $0 thousand. 2 of 3 grew in the latest filed year, and the largest line is 72% of revenue (its annual report).

What it rests on

three-year growth against the whole span+0.0 points a yearbottom 43% of its family
the newest year's revenue growth15.4%top 50% of its family
three-year growth of research spending1.3%bottom 36% of its family
three-year growth of capital spending189.7%top 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate

5.0/10

Did its newest year beat what its own record pointed to?

SI estimate 5.0/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 5 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 5 members with one.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: family median, 5 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Voyager Technologies, Inc.'s expectations vs reality is put at 5.0 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 5 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton VOYG · research, not advice