Voyager Technologies, Inc. (VOYG) Stock Price & Analysis

Voyager Technologies, Inc. (VOYG) closed at USD 27.8 on Thursday, October 29, 2026, up 2.43% on the day. The US market is currently closed (after-hours); this is not a live price.

The prior close was USD 27.14; the Oct 29, 2026 session ranged USD 26.46–28.94 on volume of 1,419,408 shares. Market capitalization is $1.70B, with a 52-week range of USD 17.41–52.4 (NYQ). Source: Nexqual, retrieved October 29, 2026 at 21:30 UTC.

Also available as compact Markdown for AI agents: nexqual.com/VOYG.md

Key facts (VOYG)

Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VOYG)

USDFY2023FY2024FY2025TTM
Revenue$136M$144M$166M$174M
Gross profit$27.8M$34.9M$29.9M—
Operating income-$14.2M-$48.4M-$108M-$154M
Net income-$25.4M-$62.1M-$105M-$137M
EPS (diluted)-$3.65-$7.01-$2.89—
Free cash flow-$32.6M-$108M-$206M-$288M
Gross margin20.4%24.2%18.0%—
Operating margin-10.4%-33.6%-65.2%-88.5%
Net margin-18.7%-43.1%-63.0%-78.6%
Revenue growth—+6.0%+15.4%—
Cash + short-term investments$30.3M$55.9M$491M—
Total debt—$7.4M$448M—

Fiscal years end Dec. EPS is split-adjusted.

Valuation (price ÷ last four quarters, through Jun 30, 2026) (VOYG)

P/S 9.7x · EV/Sales 10.2x · P/B 5.2x · FCF yield -16.95% · Earnings yield -8.07% · Net debt $75.5M · EV $1.77B

Insider sales (SEC Form 4, open-market, last ~7 months) (VOYG)

1 of 1 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.

Trade dateInsiderRoleSharesValue% of holdings sold10b5-1 planInsider type
2026-08-11Kuta Matthew JamesPresident199,807$8.6M51.6%Yes (adopted May 12, 2026)Too little history (no open-market trades in 2023–2025)

% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).

Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

Analysts (VOYG)

Consensus Buy (mean 2.27 on a 1–5 scale), 11 analysts; mean target USD 44.55 (low 21, high 55).

Rating changes, last 120 days:

DateFirmActionRatingPrice target
2026-10-19Morgan StanleyTarget loweredUnderweight$37 → $36
2026-10-09TD CowenTarget loweredBuy$42 → $36
2026-08-13CitigroupTarget raisedBuy$44 → $54
2026-07-15Morgan StanleyDowngradeEqual-Weight → Underweight$39

Total return (dividends reinvested) (VOYG)

1Y (from 2025-10-30)5Y (from 2025-06-09)
Total return-8.1%-48.9%
S&P 500 (SPY)+14.4%+79.1%
Per year-8.1%-38.3%
Volatility (annualized)89.6%87.6%
Max drawdown-56.3% (May 2026→Jul 2026)-63.5% (Jun 2025→Nov 2025)

VOYG earnings history and stock reaction

Results filedQuarterEPSConsensusSurpriseStock reaction
Aug 3, 2026Quarter ended Jun 30, 2026−$0.70−$0.84Beat +16.7%+36.5%
May 4, 2026Quarter ended Mar 31, 2026−$0.61−$0.60Miss −1.7%-0.8%
Mar 9, 2026Quarter ended Dec 31, 2025−$0.37−$0.36Miss −2.8%+6.0%
Nov 3, 2025Quarter ended Sep 30, 2025−$0.22−$0.35Beat +37.1%-8.9%
Aug 5, 2025————-11.7%

EPS as reported against the analyst consensus before the release; surprise uses the cent-rounded figures shown (in dollars when EPS and consensus have opposite signs). Stock reaction = close before the results to close after (the first close following a release after the bell or before the open).

VOYG recent SEC filings (last 120 days)

FiledFormWhat it says
Oct 27, 2026Schedule 13G/ABlackRock, Inc.: 8.1% of shares, passive 5%+ holder (amended)
Oct 19, 2026Schedule 13G/ABANK OF NOVA SCOTIA: 5.0% of shares, passive 5%+ holder (amended)
Sep 28, 20268-KEntered a material agreement; New debt or off-balance-sheet obligation; Unregistered sale of shares; Other material event
“Indenture and Notes On September 28, 2026, Voyager Technologies, Inc. (the " Company ") issued $402,500,000 aggregate principal amount of its 0% Convertible Senior Notes due 2032 (the "Notes"). The Notes were issued pursuant to, and are governed by, an indenture (the " Indenture "), dated as of September 28, 2026, between the Company and U.S. Bank Trust Company, National Association, as trustee (the " Trustee "). Pursuant to the purchase agreement between the Company and the representatives of the initial…”
Aug 14, 2026Schedule 13G/AAlyeska Investment Group, L.P., Alyeska Fund GP, LLC: 1.2% of shares, passive 5%+ holder (amended)
Aug 14, 20268-KOther material event
“Voyager Technologies, Inc. (the "Company") is filing this Current Report on Form 8-K (this "Form 8-K") to recast its consolidated financial statements and historical segment disclosure previously reported in the Company's Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the "2025 Form 10-K"). As previously reported, effective the first fiscal quarter of 2026, the Company combined its Defense and National Security and Space Solutions segments into a single Defense and Space Technologies…”
Aug 13, 2026Schedule 13G/ASenvest Management, LLC, Richard Mashaal: 5.5% of shares, passive 5%+ holder (amended)
Aug 4, 202610-QQuarterly report · period ended Jun 30, 2026
Aug 3, 20268-KQuarterly results
Jul 30, 2026Schedule 13G/ABlackRock, Inc.: 6.1% of shares, passive 5%+ holder (amended)
Jul 15, 2026Schedule 13GBANK OF NOVA SCOTIA: 6.4% of shares, passive 5%+ holder
Jul 8, 20268-KEntered a material agreement; New debt or off-balance-sheet obligation

Source: SEC EDGAR. Quotes are the opening words of each item as filed; each form links to the filing. Insider Form 4 filings are listed in the insider sections.

VOYG revenue by business segment (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
Defense and Space Technologies$53.2M100.9%+15.5%
Total revenue$52.7M100%—

VOYG revenue by region (quarter ended Jun 30, 2026)

LineRevenueShare of totalYoY
U.S.$51.5M97.7%+20.1%
International$1.2M2.3%-56.0%
Total revenue$52.7M100%—

As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).

VOYG suppliers, customers and competitors (named in its 10-K)

RelationshipCompanySentence in the filing
CustomerZIN Technologies“Through our strategic acquisitions, we leverage more than three decades of technology development and spaceflight heritage to offer reliable, differentiated solutions to our customers beginning when Space Acceleration Measurement System ("SAMS") was developed in 1993 by ZIN Technologies, Inc. We operate an agile and entrepreneurial business model positioned to rapidly develop and iterate technologies to meet the e…”
PartnerAirbus“We intend to operate Starlab through Starlab Space LLC ("Starlab JV"), a Voyager-led and majority-owned global joint venture, with international equity partners that include Airbus, Mitsubishi, MDA Space, Space Applications Services and Palantir.”
PartnerPalantir (PLTR)“We intend to operate Starlab through Starlab Space LLC ("Starlab JV"), a Voyager-led and majority-owned global joint venture, with international equity partners that include Airbus, Mitsubishi, MDA Space, Space Applications Services and Palantir.”
PartnerStarlab Space“We intend to operate Starlab through Starlab Space LLC ("Starlab JV"), a Voyager-led and majority-owned global joint venture, with international equity partners that include Airbus, Mitsubishi, MDA Space, Space Applications Services and Palantir.”
PartnerSpaceX“To address these deficiencies, the space industry has shifted to a public-private partnership model in recent years, exemplified by NASA's use of commercial launch providers such as SpaceX and Northrop Grumman.”
CompetitorRTX (Raytheon) (RTX)“In our Defense & National Security segment, we compete with large traditional aerospace and defense contractors — including Northrop Grumman, Raytheon Technologies and L3Harris — as well as emerging defense technology companies across propulsion, communications, signals intelligence and guidance systems.”

Quoted from the company's 10-K filed Mar 10, 2026.

VOYG customer concentration

In the period ended Dec 31, 2025, a single direct customer accounted for 86% of revenue, per the company's 10-K filed Mar 10, 2026. The company does not name it.

VOYG company outlook (results filed Aug 3, 2026)

Quoted word-for-word from the SEC 8-K results press release.

VOYG analyst estimates and revisions

PeriodEPS estimate90 days agoChangeRevenue estimateAnalysts
Current quarter (ends Sep 2026)$-0.86$-0.82−$0.04$81.4M6
Next quarter (ends Dec 2026)$-0.79$-0.67−$0.12$122.3M5
Current fiscal year (ends Dec 2026)$-2.96$-2.92−$0.04$291.5M7
Next fiscal year (ends Dec 2027)$-1.62$-1.38−$0.24$518.2M6

VOYG options: expected move

Options price a move of about ±14.9% (±$4.03) by Nov 20, 2026, which includes earnings on Nov 2, 2026. Over the last 5 reports the stock moved ±12.8% on average.

ExpirationDaysATM implied volatilityExpected move
Nov 20, 20262273.7%±14.9%
Dec 18, 20265086.7%±26.0%
Jan 15, 20277884.1%±31.3%
Apr 16, 202716982.7%±44.7%

30-day implied volatility 90.1% vs 80% realized over the last 30 trading days. Put/call ratio (volume) 0.15. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.

Key Statistics (as of October 29, 2026 at 21:30 UTC)

PriceUSD 27.8
Change▲ 2.43% (up)
Previous CloseUSD 27.14
OpenUSD 27.55
Day RangeUSD 26.46 – 28.94
52-Week RangeUSD 17.41 – 52.4
Volume1,419,408 shares
Market Cap$1.70B
ExchangeNYQ

Technical Analysis (VOYG)

Nexqual's technical model rates VOYG "SELL" based on 2 bullish and 4 bearish signals across 127 daily candles, as of October 29, 2026 at 21:30 UTC.

Overall SignalSELL
RSI (14)49.38 (neutral)
vs SMA50Below (USD 31.17)
MACD-1.46 (negative)

Analyst Ratings (VOYG)

Wall Street analysts rate VOYG "Buy" based on 11 analysts, with a mean price target of USD 44.55 (range USD 21–55), per Nexqual as of October 29, 2026 at 21:30 UTC.

Consensus RatingBuy
Analyst Count11
Mean TargetUSD 44.55
High TargetUSD 55
Low TargetUSD 21
Buy / Hold / Sell9 / 0 / 2

Earnings (VOYG)

Next Earnings Date2026-11-02
EPS EstimateUSD -0.86
Revenue Estimate$81.38M

Recent Earnings History

QuarterActual vs Estimate
2026-06-30USD -0.7 vs est -0.84 ▲ beat
2026-03-31USD -0.61 vs est -0.6 ▼ miss
2025-12-31USD -0.37 vs est -0.36 ▼ miss
2025-09-30USD -0.22 vs est -0.35 ▲ beat

Source: Nexqual, October 29, 2026 at 21:30 UTC.

Financials & Fundamentals (VOYG)

Total Revenue$174.23M
Revenue Growth (latest quarter, YoY)+15.50%
Gross Margin+10.90%
Operating Margin-97.46%
Profit Margin-78.61%
ROE-30.44%
Debt / Equity1.3
Current Ratio3.8
Total Cash$373.44M
Total Debt$491.06M
Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K)-$287.53M (-165.0% of revenue)

Source: Nexqual, October 29, 2026 at 21:30 UTC.

Financial Health Score (VOYG)

Nexqual rates Voyager Technologies, Inc.'s overall financial health "Weak" across five dimensions, as of October 29, 2026 at 21:30 UTC.

GrowthStrong — Revenue +16% YoY (latest Q)
ProfitabilityCritical — Gross margin 11%, operating -88% (last 4 quarters to Jun 2026, SEC)
Balance SheetMixed — $373M cash and investments vs $449M debt (Jun 2026, SEC)
Cash FlowWeak — FCF negative: -$288M (last 4 quarters to Jun 2026, SEC), burning cash
EfficiencyCritical — ROE -42%, ROA -13.6% (last 4 quarters, SEC)

Ownership (VOYG)

Insider Ownership+4.48%
Institutional Ownership+89.58%
Shares Outstanding55.27M
Float54.90M
Short % of Float+28.14%

Source: Nexqual, October 29, 2026 at 21:30 UTC.

Leadership (VOYG)

Voyager Technologies, Inc. is led by Dylan E. Taylor, Co-Founder, Chairman & CEO, per Nexqual as of October 29, 2026 at 21:30 UTC.

Co-Founder, Chairman & CEODylan E. Taylor
Co-Founder, President & DirectorMatthew James Kuta
Chief Financial OfficerFilipe G. de Sousa
Chief Technology OfficerPaul Tilghman
Chief Strategy Officer & Chief Marketing OfficerJohn Baum

Major Backers & Investors (VOYG)

Notable institutional backers of Voyager Technologies, Inc. include Senvest Management LLC, Wellington Management, Tema ETF Trust-Tema Space Innovators ETF, according to Nexqual as of October 29, 2026 at 21:30 UTC.

Active Investors

InvestorStake
Senvest Management LLC5.09%
Wellington Management3.96%
Tema ETF Trust-Tema Space Innovators ETF2.4%
Frontier Capital Management Company LLC2.31%
Tidal Investments LLC2.27%
Tema ETFs LLC2.01%
Jupiter Topco LLC1.82%

Index Funds (Passive)

FundStake
Vanguard Group6.93%
BlackRock6.38%
State Street3.74%

Source: Nexqual, October 29, 2026 at 21:30 UTC.

From Voyager Technologies, Inc.'s Latest SEC 10-K Filing (filed 2026-03-10)

Key Strengths & Strategy (as disclosed to the SEC)

Partnerships

Legal & Regulatory Risks (Item 1A, quoted)

Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.

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Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 29, 2026 at 21:30 UTC. This page is informational and not investment advice.

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