Voyager Technologies Inc. Class A Common Stock (VOYG)

FairStock Score: 28/100 — RISKY

Key Financials

AI Analysis

AI-generated, general educational analysis — not personal investment advice.

As a value investor, I start with the business and the numbers. Voyager operates in defense technology and space solutions with three segments and 800 employees. In fiscal Q2 2026, the quarter ended 2026-06-30, revenue was $52.7M and net income was -$46.5M, or diluted EPS -$0.79. In fiscal Q2 2025, revenue was $45.7M and net income was -$31.4M. So sales grew, but the loss widened. For FY2025, revenue was $166.4M and net income was -$104.8M, or diluted EPS -$2.89. FY2024 had revenue $144.2M and net income -$62.1M, while FY2023 had revenue $136.1M and net income -$25.4M. The trend is clear: top line inches up, losses balloon. That is not the compound earnings machine I look for. Aerospace and defense can have barriers to entry, but these figures show no margin of safety. Trailing free cash flow is -$287.5M, a FairStock-calculated FCF yield of -18.6%. The FairStock-calculated ROE is -30.44%, ROCE is -11.11%, debt-to-equity is 1.30, Piotroski is 3/9, and Altman Z is 1.11. At the 2026-10-13 close of $26.36, the FairStock-calculated P/E is -20.59 and P/B is 4.36. Market cap is $1.5B. FairStock Score is 28/100. The Lynch category is none because it lost money in each of the last three years. Growth without profits and cash flow is speculation, not investment. I would want to see durable earnings and self-funding before treating the price as supported.

In plain English: Voyager Technologies makes defense and space products, including communications and work on space stations. Sales are growing a little, but the company is losing a lot of money and burning cash, and its losses have gotten bigger over the past few years. At the recent price of $26.36, the stock looks expensive compared with the company's current profits and what it owns minus what it owes.

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Data as of 2026-10-13 close · note generated 2026-10-15 · model deepseek-flash

Sources (SEC EDGAR): fiscal Q2 2026 10-Q (period ended 2026-06-30) · fiscal Q1 2026 10-Q (period ended 2026-03-31) · fiscal Q3 2025 10-Q (period ended 2025-09-30) · fiscal Q2 2025 10-Q (period ended 2025-06-30) · FY2025 10-K (period ended 2025-12-31) · FY2024 10-K (period ended 2024-12-31) · FY2023 10-K (period ended 2023-12-31)

Fundamentals from company filings and market-data providers; prices are end-of-day, not real-time. AI-generated analysis is general and educational — not personal investment advice. Scoring methodology · Score test · Disclaimer