Voyager Technologies, Inc.

VOYG

VOYGVoyager Technologies, Inc. US flag

New York Stock Exchange

34.59

USD

+0.37

- -

2.05BMarket Cap

Income Statement (USD)

API ChatGPT

	2023 Y	2024 Y	2025 Y
As of date	12/31/2023	12/31/2024	12/31/2025

Sales/Revenue/Turnover	136	144	166
+ Sales & Services Revenue	136	144	166
- Cost of Revenue	108	109	137
+ Cost of Goods & Services	108	109	137
Gross Profit	28	35	30
+ Other Operating Income	- -	- -	- -
- Operating Expenses	42	80	138
+ Selling, General & Admin	54	63	117
+ Research & Development	-19	8	13
+ Other Operating Expense	6	10	9
Operating Income (Loss)	-14	-45	-108
- Non-Operating (Income) Loss	11	22	4
+ Interest Expense, Net	11	12	7
+ Interest Expense	11	12	7
- Interest Income	- -	- -	- -
+ Other Non-Op (Income) Loss	- -	10	-3
Pretax Income	-25	-67	-113
- Income Tax Expense (Benefit)	- -	-2	- -
- (Income) Loss from Affiliates	- -	- -	- -
Income (Loss) from Cont Ops	-25	-66	-112
- Net Extraordinary Losses (Gains)	- -	-7	-15
+ Discontinued Operations	- -	- -	- -
+ Extraord. & Accounting Changes	- -	-7	-15
Income (Loss) Incl. MI	-26	-59	-97
- Minority Interest	- -	4	8
Net Income, GAAP	-25	-62	-105
- Preferred Dividends	18	22	11
- Other Adjustments	- -	- -	- -
Net Income Avail to Common, GAAP	-43	-84	-116
EBIT	-14	-45	-108
EBITDA	-1	-28	-92
EBITDA Margin (%)	-0.91	-19.75	-55.35
EBITA	-14	-45	-108
Gross Margin (%)	20.42	24.22	17.95
Operating Margin (%)	-10.42	-31.11	-65.2
Profit Margin (%)	-18.7	-43.05	-62.98
Sales per Employee	- -	- -	- -
Dividend per Share	- -	- -	0.69
Depreciation Expense	13	16	16
Basic Weighted Avg Shares	56	57	40
Basic EPS, GAAP	-0.77	-1.48	-2.89
Basic EPS from Cont Ops	-0.45	-1.16	-2.79
Diluted Weighted Avg Shares	57	57	40
Diluted EPS, GAAP	-0.77	-1.48	-2.89
Diluted EPS from Cont Ops	-0.45	-1.16	-2.79

Balance Sheet (USD)

API ChatGPT

	2023 Y	2024 Y	2025 Y
As of date	12/31/2023	12/31/2024	12/31/2025

Total Current Assets	69	102	581
+ Cash, Cash Equivalents & STI	30	56	491
+ Cash & Cash Equivalents	30	56	491
+ ST Investments	- -	- -	- -
+ Accounts & Notes Receiv	33	33	60
+ Accounts Receivable, Net	17	15	30
+ Notes Receivable, Net	- -	- -	- -
+ Loans Receivable, Net	- -	- -	- -
+ Other Receivable, Net	16	17	30
+ Inventories	3	2	4
+ Raw Materials	- -	- -	- -
+ Work In Process	- -	- -	- -
+ Finished Goods	- -	- -	- -
+ Inventory Adjustments	- -	- -	- -
+ Other Inventory	3	2	4
+ Other ST Assets	3	11	27
+ Misc ST Assets	- -	- -	- -
+ Prepaid Expenses	- -	- -	- -
+ ST Derivative & Hedging Assets	- -	- -	- -
+ ST Assets Held-for-Sale	- -	- -	- -
+ ST Deferred Tax Assets	- -	- -	- -
Total Noncurrent Assets	120	146	469
+ Property, Plant & Equip, Net	24	58	182
+ Property, Plant & Equip	37	75	203
- Accumulated Depreciation	13	17	20
+ LT Investments & Receivables	- -	- -	- -
+ LT Investments	- -	- -	- -
+ LT Receivables	- -	- -	- -
+ Other LT Assets	96	88	287
+ Total Intangible Assets	91	81	257
+ Goodwill	47	47	158
+ Other Intangible Assets	44	35	99
+ LT Deferred Tax Assets	- -	- -	- -
+ LT Derivative & Hedging Assets	- -	- -	- -
+ Misc LT Assets	5	7	30
Total Assets	189	248	1,050
+ Payables & Accruals	29	35	51
+ Accounts Payable	13	23	27
+ Accrued Taxes	- -	1	1
+ Interest & Dividends Payable	- -	- -	- -
+ Other Payables & Accruals	15	11	23
+ ST Debt	48	4	6
+ ST Borrowings	45	1	- -
+ ST Finance Leases	3	3	6
+ Other ST Liabilities	34	49	76
+ Deferred Revenue	16	21	24
+ Derivatives & Hedging	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Misc ST Liabilities	18	28	52
Total Current Liabilities	111	87	133
+ LT Debt	38	95	461
+ LT Borrowings	31	88	448
+ LT Finance Leases	7	6	13
+ Other LT Liabilities	9	6	27
+ Accrued Liabilities	9	3	17
+ Pension Liabilities	- -	- -	- -
+ Deferred Revenue	- -	- -	- -
+ Deferred Tax Liabilities	- -	- -	- -
+ Derivatives & Hedging	- -	- -	- -
+ Misc LT Liabilities	- -	3	10
Total Noncurrent Liabilities	47	100	488
Total Liabilities	159	188	621
+ Preferred Equity and Hybrid Capital	205	290	- -
+ Share Capital & APIC	- -	15	797
+ Common Stock	- -	- -	- -
+ Additional Paid in Capital	- -	15	797
- Treasury Stock	- -	- -	28
+ Retained Earnings	-217	-281	-386
+ Other Equity	- -	- -	- -
Equity Before Minority Interest	-12	24	384
+ Minority/Non Controlling Interest	43	36	46
Total Equity	30	60	430
Total Liabilities & Equity	189	248	1,050
Shares Outstanding	57	57	59
Number of Employees	- -	- -	- -
Capital Leases - Total	11	9	19
Net Debt	45	33	-44
Net Debt to Equity	150.02	55.22	-10.17
Tangible Common Equity Ratio	-270.13	-186.94	21.78
Current Ratio	0.62	1.16	4.37
Cash Conversion Cycle	- -	-12.7	-9.25

Cash Flow Statement (USD)

API ChatGPT

	2023 Y	2024 Y	2025 Y
As of date	12/31/2023	12/31/2024	12/31/2025

+ Net Income	-25	-66	-112
+ Depreciation & Amortization	13	16	16
+ Non-Cash Items	4	27	44
+ Stock-Based Compensation	3	4	19
+ Deferred Income Taxes	-1	-3	- -
+ Asset Impairment Charge	- -	4	- -
+ Other Non-Cash Adj	2	22	25
+ Chg in Non-Cash Work Cap	-7	-3	-9
+ (Inc) Dec in Accts Receiv	-1	-6	-6
+ (Inc) Dec in Inventories	1	2	- -
+ (Inc) Dec in Prepaid Assets	- -	- -	-5
+ Inc (Dec) in Accts Payable	2	2	16
+ Inc (Dec) in Other	-8	-1	-14
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Operating Activities	-15	-26	-61
+ Change in Fixed & Intang	- -	- -	- -
+ Disp in Fixed & Intang	27	55	50
+ Disp of Fixed Prod Assets	27	55	50
+ Disp of Intangible Assets	- -	- -	- -
+ Acq of Fixed & Intang	-17	-83	-145
+ Acq of Fixed Prod Assets	-17	-83	-145
+ Acq of Intangible Assets	- -	- -	- -
+ Cash (Repurchase) of Equity	- -	- -	296
+ Increase in Capital Stock	- -	- -	455
+ Decrease in Capital Stock	- -	- -	-159
+ Net Change in LT Investment	- -	- -	-16
+ Dec in LT Investment	- -	- -	- -
+ Inc in LT Investment	- -	- -	-16
+ Net Cash From Acq & Div	2	- -	-152
+ Cash from Divestitures	2	- -	- -
+ Cash for Acq of Subs	- -	- -	-152
+ Cash for JVs	- -	- -	- -
+ Other Investing Activities	- -	- -	- -
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Investing Activities	12	-28	-262
+ Dividends Paid	- -	- -	-28
+ Net Cash From Debt	7	11	396
+ Cash From Debt	47	68	524
+ Repayments of Debt	-40	-57	-129
+ Other Financing Activities	-6	68	93
+ Net Cash From Disc Ops	- -	- -	- -
Cash from Financing Activities	2	79	758
Effect of Foreign Exchange Rates	- -	- -	- -
Net Changes in Cash	-2	26	435
EBITDA	-1	-28	-92
EBITDA Margin (%)	-0.91	-19.75	-55.35
Free Cash Flow	-33	-108	-206
Net Cash Paid for Acquisitions	-2	- -	152
Free Cash Flow to Firm	- -	- -	- -
Free Cash Flow to Equity	- -	22	-61
Free Cash Flow per Basic Share	-0.58	-1.91	-5.11
Price/Free Cash Flow	- -	- -	12.55
Cash Flow to Net Income	0.6	0.41	0.58
Capital Expenditures	-17	-83	-145