Loading…
Space and defense technology company building space infrastructure, including the Starlab space station joint venture with Airbus.
Space and defense technology company building space infrastructure, including the Starlab space station joint venture with Airbus.
Is paid on government contracts, either work for defense and national-security customers or development funding from NASA for Starlab, a commercial station meant to succeed the International Space Station. Starlab is a long development project shared with partners including Airbus. The company listed in 2025.
Moat: narrow (regulatory licence, customer qualification, IP / patents). Government space program qualification and the Starlab partnership are difficult for new entrants to replicate quickly.
Headquarters: Denver, Colorado, United States · Founded: 2019 · Employees: 800
Size Voyager Technologies (VOYG) is a United States Information Technology company (Information Technology Services) with a market value of $1.49B, the 1995th largest of 3,117 United States companies the cockpit tracks. Shares closed at $23.98 on 6 Nov 2026.
Performance Over six months the shares fell 19.4%, against -17.7% for the median peer and -1.1% for the United States market (cap-weighted) — 10th lowest of 20 in its peer set.
Growth Revenue grew 41.8% over the last twelve months (peer median +8.8%); the operating margin is -81.9% (peer median 5.5%).
Valuation It trades at 8.3× enterprise value to sales against a peer median of 3.2× (6th most expensive of 21).
Capital Return on invested capital runs 33.8 points below its cost of capital (14.5% WACC).
Backlog Backlog (remaining performance obligations) was $608M at 30 Sep 2026, up 589% on a year earlier — 2.7 years of trailing revenue. Backlog detail →
Short interest Short interest is 24.5% of the free float (15 Oct 2026).
Next results Next results expected around 15 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | |
|---|---|---|---|---|
| Revenue | $223M | $166M | $144M | $136M |
| Revenue growth | — | +15% | +6% | — |
| Gross profit | $2.71M | $21.3M | $25.3M | $21.3M |
| EBITDA | -$149M | -$86.7M | -$25.9M | -$1.24M |
| Net income | -$176M | -$105M | -$62.1M | -$25.4M |
| Free cash flow | -$292M | -$206M | -$108M | -$32.6M |
| Capital expenditure | $163M | $145M | $82.7M | $17.2M |
| Total debt | $882M | $467M | $98.2M | $86.3M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Voyager Technologies VOYG | $1.49B | -19% | +42% | -82% | 8.3× | n/a |
| Redwire RDW | $1.80B | -35% | +63% | -41% | 3.3× | n/a |
| Rocket Lab RKLB | $31.8B | -50% | +53% | -29% | 38.5× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | VOYG | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -14.9% | -2.9% | 5th lowest of 21 |
| 6-month return | -19.4% | -17.7% | 10th lowest of 20 |
| Distance from 52-week high | -54.2% | -43.8% | 8th lowest of 21 |
| Revenue growth (TTM) | +41.8% | +8.8% | 2nd highest of 21 |
| Operating margin | -81.9% | 5.5% | 2nd lowest of 21 |
| EV / Sales | 8.3× | 3.2× | 6th most expensive of 21 |
| ROIC minus cost of capital | -33.8 pp | -6.1 pp | lowest of 18 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Voyager Technologies VOYG | United States | $1.49B | -19% | +42% | -82% | 8.3× | n/a | n/a |
| Jiangsu Eazytec 688258.SS | China | $1.46B | -33% | 0% | 28% | 28.8× | 40.1% | +11.1% |
| Neusoft 600718.SS | China | $1.51B | -3% | -5% | -5% | 0.8× | -6.1% | +9.7% |
| Guangzhou Sie Consulting 300687.SZ | China | $1.52B | 0% | +3% | -3% | 6.5× | n/a | n/a |
| Cetc Potevio Science & Technology 002544.SZ | China | $1.52B | -41% | 0% | 0% | 2.1× | n/a | n/a |
| Shenzhen Forms Syntron Information 300468.SZ | China | $1.52B | -33% | +9% | 9% | 12.7× | n/a | n/a |
| Black Box BBOX.NS | India | $1.53B | +10% | +12% | 7% | 2.2× | n/a | n/a |
| Shenzhen YSSTech Information Technology 300377.SZ | China | $1.53B | -24% | +14% | -3% | 6.7× | n/a | n/a |
| Data#3 DTL.AX | Australia | $1.54B | +81% | +6% | 8% | 2.1× | 26.9% | -14.2% |
| Quantum Computing QUBT | United States | $1.43B | -34% | +3,635% | -775% | 51.1× | n/a | n/a |
| VSTECS 0856.HK | Hong Kong | $1.42B | -30% | +11% | 2% | 0.1× | -12.2% | +6.9% |
| Everforth EFOR | United States | $1.41B | +69% | 0% | 6% | 0.7× | -1.5% | +2.6% |
| PDF Solutions PDFS | United States | $1.59B | -27% | +23% | 8% | 6.4× | n/a | n/a |
| Digital China Information Service 000555.SZ | China | $1.39B | -30% | -8% | 0% | 0.9× | n/a | n/a |
| ESDS Software Solution ESDS.NS | India | $1.38B | n/a | +31% | 36% | 23.7× | 22.6% | +22.4% |
| Future 4722.T | Japan | $1.36B | +59% | +8% | 20% | 2.5× | -5.4% | +11.4% |
| Bytes Technology BYIT.L | United Kingdom | $1.36B | +33% | +10% | 27% | 3.9× | 3.1% | -10.9% |
| CETC Digital Technology 600850.SS | China | $1.62B | -18% | -1% | 2% | 1.2× | 19.1% | +5.8% |
| Zen Technologies ZENTEC.NS | India | $1.64B | +6% | +4% | 31% | 17.8× | 53.0% | +66.0% |
| Doushen (Beijing) Education & Technology 300010.SZ | China | $1.34B | -15% | +24% | -31% | 7.7× | n/a | n/a |
| Both Engineering Technology 601133.SS | China | $1.34B | -26% | +14% | 5% | 1.6× | 24.3% | +16.2% |
Voyager Technologies reported $608M of remaining performance obligations at 30 Sep 2026, up 589% from a year earlier and up 222% from the previous quarter. That is 2.7 years of trailing revenue already under contract. Book-to-bill last quarter: 5.72.