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)
- Last four reported quarters (through Jun 30, 2026): revenue $174M, net income -$137M (-78.6% margin), free cash flow -$288M (SEC filings).
- Insider open-market sales, last ~7 months: 1 Form 4 filings, $8.6M; 0 not under a Rule 10b5-1 plan ($0K); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Buy (mean 2.27 on a 1–5 scale) (11 analysts), mean target USD 44.55 (range 21–55).
- Total return with dividends: 1Y -8.1% vs S&P 500 +14.4%; 5Y -48.9% vs S&P 500 +79.1%.
- Next earnings: 2026-11-02, EPS estimate USD -0.86, revenue estimate $81.4M.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (VOYG)
| USD | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|
| 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 margin | 20.4% | 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 date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-08-11 | Kuta Matthew James | President | 199,807 | $8.6M | 51.6% | 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:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-19 | Morgan Stanley | Target lowered | Underweight | $37 → $36 |
| 2026-10-09 | TD Cowen | Target lowered | Buy | $42 → $36 |
| 2026-08-13 | Citigroup | Target raised | Buy | $44 → $54 |
| 2026-07-15 | Morgan Stanley | Downgrade | Equal-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 filed | Quarter | EPS | Consensus | Surprise | Stock reaction |
|---|---|---|---|---|---|
| Aug 3, 2026 | Quarter ended Jun 30, 2026 | −$0.70 | −$0.84 | Beat +16.7% | +36.5% |
| May 4, 2026 | Quarter ended Mar 31, 2026 | −$0.61 | −$0.60 | Miss −1.7% | -0.8% |
| Mar 9, 2026 | Quarter ended Dec 31, 2025 | −$0.37 | −$0.36 | Miss −2.8% | +6.0% |
| Nov 3, 2025 | Quarter ended Sep 30, 2025 | −$0.22 | −$0.35 | Beat +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)
| Filed | Form | What it says |
|---|---|---|
| Oct 27, 2026 | Schedule 13G/A | BlackRock, Inc.: 8.1% of shares, passive 5%+ holder (amended) |
| Oct 19, 2026 | Schedule 13G/A | BANK OF NOVA SCOTIA: 5.0% of shares, passive 5%+ holder (amended) |
| Sep 28, 2026 | 8-K | Entered 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, 2026 | Schedule 13G/A | Alyeska Investment Group, L.P., Alyeska Fund GP, LLC: 1.2% of shares, passive 5%+ holder (amended) |
| Aug 14, 2026 | 8-K | Other 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, 2026 | Schedule 13G/A | Senvest Management, LLC, Richard Mashaal: 5.5% of shares, passive 5%+ holder (amended) |
| Aug 4, 2026 | 10-Q | Quarterly report · period ended Jun 30, 2026 |
| Aug 3, 2026 | 8-K | Quarterly results |
| Jul 30, 2026 | Schedule 13G/A | BlackRock, Inc.: 6.1% of shares, passive 5%+ holder (amended) |
| Jul 15, 2026 | Schedule 13G | BANK OF NOVA SCOTIA: 6.4% of shares, passive 5%+ holder |
| Jul 8, 2026 | 8-K | Entered 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)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Defense and Space Technologies | $53.2M | 100.9% | +15.5% |
| Total revenue | $52.7M | 100% | — |
VOYG revenue by region (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| U.S. | $51.5M | 97.7% | +20.1% |
| International | $1.2M | 2.3% | -56.0% |
| Total revenue | $52.7M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
VOYG suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Customer | ZIN 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…” |
| Partner | Airbus | “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.” |
| Partner | Palantir (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.” |
| Partner | Starlab 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.” |
| Partner | SpaceX | “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.” |
| Competitor | RTX (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)
- “Business Outlook for the Full Year 2026 For the full year 2026, we increased our guidance range to $275 million to $305 million.”
Quoted word-for-word from the SEC 8-K results press release.
VOYG analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.86 | $-0.82 | −$0.04 | $81.4M | 6 |
| Next quarter (ends Dec 2026) | $-0.79 | $-0.67 | −$0.12 | $122.3M | 5 |
| Current fiscal year (ends Dec 2026) | $-2.96 | $-2.92 | −$0.04 | $291.5M | 7 |
| Next fiscal year (ends Dec 2027) | $-1.62 | $-1.38 | −$0.24 | $518.2M | 6 |
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.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 22 | 73.7% | ±14.9% |
| Dec 18, 2026 | 50 | 86.7% | ±26.0% |
| Jan 15, 2027 | 78 | 84.1% | ±31.3% |
| Apr 16, 2027 | 169 | 82.7% | ±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)
| Price | USD 27.8 |
|---|---|
| Change | ▲ 2.43% (up) |
| Previous Close | USD 27.14 |
| Open | USD 27.55 |
| Day Range | USD 26.46 – 28.94 |
| 52-Week Range | USD 17.41 – 52.4 |
| Volume | 1,419,408 shares |
| Market Cap | $1.70B |
| Exchange | NYQ |
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 Signal | SELL |
|---|---|
| RSI (14) | 49.38 (neutral) |
| vs SMA50 | Below (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 Rating | Buy |
|---|---|
| Analyst Count | 11 |
| Mean Target | USD 44.55 |
| High Target | USD 55 |
| Low Target | USD 21 |
| Buy / Hold / Sell | 9 / 0 / 2 |
Earnings (VOYG)
| Next Earnings Date | 2026-11-02 |
|---|---|
| EPS Estimate | USD -0.86 |
| Revenue Estimate | $81.38M |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD -0.7 vs est -0.84 ▲ beat |
| 2026-03-31 | USD -0.61 vs est -0.6 ▼ miss |
| 2025-12-31 | USD -0.37 vs est -0.36 ▼ miss |
| 2025-09-30 | USD -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 / Equity | 1.3 |
| Current Ratio | 3.8 |
| 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.
| Growth | Strong — Revenue +16% YoY (latest Q) |
|---|---|
| Profitability | Critical — Gross margin 11%, operating -88% (last 4 quarters to Jun 2026, SEC) |
| Balance Sheet | Mixed — $373M cash and investments vs $449M debt (Jun 2026, SEC) |
| Cash Flow | Weak — FCF negative: -$288M (last 4 quarters to Jun 2026, SEC), burning cash |
| Efficiency | Critical — ROE -42%, ROA -13.6% (last 4 quarters, SEC) |
Ownership (VOYG)
| Insider Ownership | +4.48% |
|---|---|
| Institutional Ownership | +89.58% |
| Shares Outstanding | 55.27M |
| Float | 54.90M |
| 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 & CEO | Dylan E. Taylor |
|---|---|
| Co-Founder, President & Director | Matthew James Kuta |
| Chief Financial Officer | Filipe G. de Sousa |
| Chief Technology Officer | Paul Tilghman |
| Chief Strategy Officer & Chief Marketing Officer | John 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
| Investor | Stake |
|---|---|
| Senvest Management LLC | 5.09% |
| Wellington Management | 3.96% |
| Tema ETF Trust-Tema Space Innovators ETF | 2.4% |
| Frontier Capital Management Company LLC | 2.31% |
| Tidal Investments LLC | 2.27% |
| Tema ETFs LLC | 2.01% |
| Jupiter Topco LLC | 1.82% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 6.93% |
| BlackRock | 6.38% |
| State Street | 3.74% |
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)
- Our portfolio has managed and executed more than 1,400 missions to the International Space Station across scientific experiments and payload operations, and in September 2025, the multi-cloud region we developed was launched to the ISS as the first known space cloud infrastructure in space.
- We currently estimate the cost to design, manufacture and launch Starlab to be approximately $2.8 billion to $3.3 billion, with launch anticipated in 2029 and revenue generation expected in Starlab's first full year of operation.
- Our capabilities span communications and intelligence systems, missile-defense-enabling technologies, advanced propulsion and energetics, in-space infrastructure and end-to-end space mission services.
- Estes is vertically integrated in the production of energetics, propulsion materials, and critical chemical compounds supporting missile defense, tactical munitions, and space propulsion.
Partnerships
- Our partnership with Palantir to deploy AI-powered edge computing across defense and space applications is one example of this approach.
- With sustained government investment, a robust pipeline of advanced technological innovations and increasing focus on modernization to address evolving threats, the industry remains a cornerstone of the nation's economy.
Legal & Regulatory Risks (Item 1A, quoted)
- We or our subsidiaries are and may in the future be party to legal proceedings, investigations and other claims or disputes, which are costly to defend and, if determined adversely to us, could require us to pay fines or damages, undertake remedial measures or prevent us from taking certain actions, any of which could have a material adverse effect on us.
- We or our subsidiaries may be party to legal proceedings, investigations and other claims or disputes, which may relate to subjects including commercial transactions, intellectual property, securities, employee relations or compliance with applicable laws and regulations.
- Our business is subject to various regulatory risks that could have a material adverse effect on us.
- We are routinely subject to audit by our customers on government contracts and the results of those audits could have an adverse effect on our business, reputation and results of operations.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
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| SARO | StandardAero, Inc. | USD 23.79 | ▲ 7.11% |
| KTOS | Kratos Defense & Security Solut | USD 43.59 | ▲ 5.88% |
| CAE | CAE Inc | USD 26.27 | ▲ 1.98% |
| DRS | Leonardo DRS, Inc. | USD 39.64 | ▲ 11.66% |
| HII | Huntington Ingalls Industries, | USD 316.21 | ▲ 13.23% |
| MOG-B | Moog Inc. | USD 350.17 | ▼ 0% |
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.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt