{ "ok": true, "cik": "1788060", "ticker": "VOYG", "name": "Voyager Technologies, Inc./TX", "filings": [ { "form": "8-K", "filed": "2026-09-28", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "3.02 Unregistered Sales of Equity Securities", "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1788060/000162828026063717/0001628280-26-063717-index.htm" }, { "form": "8-K", "filed": "2026-08-14", "items": [ "8.01 Other Events", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1788060/000162828026057100/0001628280-26-057100-index.htm" }, { "form": "10-Q", "filed": "2026-08-04", "items": [], "url": "https://www.sec.gov/Archives/edgar/data/1788060/000162828026052292/0001628280-26-052292-index.htm" }, { "form": "8-K", "filed": "2026-08-03", "items": [ "2.02 Results of Operations and Financial Condition", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1788060/000162828026051870/0001628280-26-051870-index.htm" }, { "form": "8-K", "filed": "2026-07-08", "items": [ "1.01 Entry into a Material Definitive Agreement", "2.03 Creation of a Direct Financial Obligation", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1788060/000162828026047657/0001628280-26-047657-index.htm" }, { "form": "8-K", "filed": "2026-06-18", "items": [ "3.03 Material Modifications to Rights of Security Holders", "5.03 Amendments to Articles or Bylaws; Change in Fiscal Year", "9.01 Financial Statements and Exhibits" ], "url": "https://www.sec.gov/Archives/edgar/data/1788060/000162828026044277/0001628280-26-044277-index.htm" } ], "events12m": 13, "healthWatch": { "window": "last 12 months", "since": "2025-09-29", "signals": [], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001788060.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1788060" }, "license": "Figures as filed with the SEC. Card text CC BY 4.0, POPS4.", "notAdvice": "Reporting, not investment advice. No price targets and no trading recommendations.", "edgar": "🫧 Edgar looked up Voyager Technologies, Inc./TX ($VOYG). Last filing: 8-K (1.01 Entry into a Material Definitive Agreement), 2026-09-28. 13 event filings (8-K) in the past twelve months.", "auditor": { "changes": [], "nonReliance": [], "restatedSince": null }, "metrics": { "fiscalYearEnd": "2025-12-31", "revenue": 166419000, "revenueGrowth1y": 0.15424469413233455, "revenueGrowthPerYear": 0.10586755281647897, "yearsOfData": 3, "operatingMargin": -0.6519568078164152, "operatingMarginPrior": -0.3359827992786794, "netMargin": -0.6749950426333532, "operatingCashFlow": -60943000, "capitalSpending": 144673000, "freeCashFlow": -205616000, "researchAndDevelopment": 19000000, "researchShareOfRevenue": 0.11416965610897795, "cash": 491329000, "longTermDebt": null, "longTermDebtChange": null, "revenueHistory": [ { "fiscalYearEnd": "2023-12-31", "revenue": 136062000 }, { "fiscalYearEnd": "2024-12-31", "revenue": 144180000 }, { "fiscalYearEnd": "2025-12-31", "revenue": 166419000 } ], "totalEquity": 383720000, "totalAssets": 1050454000, "equityRatio": 0.36528967475015567, "returnOnEquity": -0.2927447096841447, "dividendsPaid": null, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "priceBased": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown.", "earningsPerShare": -2.89, "sharesOutstanding": 40213015, "bookValuePerShare": 9.542184290334857, "revenuePerShare": 4.138436274922435, "range80": { "low": 148343944.53785, "high": 238426030.53383145, "baseline": 188062810.01248732, "n": 4309, "band": "b01" }, "ifPaceHeld": { "low": 148343944.53785, "high": 238426030.53383145 } }, "edgarette": "🔖 Exposure: revenue $166.4M (FY2025). Experience: revenue up 15.4% on the year, up 10.6% a year over 2 years; operating margin -65.2%, down from -33.6%. Soundness: equity 36.5% of assets, return on equity -29.3%. Credibility: 3 audited years, moderate weight. Range: 80% of past cases like this landed between $148.3M and $238.4M next year (method v3, set from 4,309 SEC company-years; on a year the method never saw, 83% landed inside). A statistical range, not company guidance. Against peers (75 filers, $50M+ revenue, its industry group): operating margin -65.2% against a 4.8% median; growth 15.4% against 4.9%.", "peers": { "sic": 3760, "sicDescription": "Guided Missiles & Space Vehicles & Parts", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "37", "growth": [ 0.0488, 81 ], "opMargin": [ 0.0479, 75 ], "equityRatio": [ 0.3979, 77 ], "returnOnEquity": [ 0.0627, 68 ], "payoutRatio": [ 0.3379, 32 ] }, "summary": "Voyager Technologies (VOYG) grew revenue 15.4% in FY2025 to $166 million, operating margin -65.2% against a 4.8% median for guided missiles & space vehicles & parts, equity 36.5% of assets. Every figure is from the company’s own annual report filed with the SEC.", "chart": "
Voyager Technologies, Inc./TX against its own record and its peers
Operating marginPeer median 4.8%-65.2%Revenue, on the yearPeer median 4.9%15.4%Equity of assetsPeer median 39.8%36.5%Return on equityPeer median 6.3%-29.3%Gold tick: the median of 68–77 peers with $50M+ revenue in guided missiles & space vehicles & parts
", "chartHorizon": null, "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-29T14:14:27.248Z", "hash": "42bddc963b04014a", "status": "open" }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "schema": "pops4.edgarette.card/1", "card": { "summary": "Voyager Technologies (VOYG) grew revenue 15.4% in FY2025 to $166 million, operating margin -65.2% against a 4.8% median for guided missiles & space vehicles & parts, equity 36.5% of assets. Every figure is from the company’s own annual report filed with the SEC.", "exposure": { "fiscalYearEnd": "2025-12-31", "revenue": 166419000, "totalDebt": null, "cash": 491329000 }, "experience": { "revenueGrowth1y": 0.15424469413233455, "revenueGrowthPerYear": 0.10586755281647897, "operatingMargin": -0.6519568078164152, "operatingMarginPrior": -0.3359827992786794, "netMargin": -0.6749950426333532, "freeCashFlow": -205616000 }, "soundness": { "equityRatio": 0.36528967475015567, "returnOnEquity": -0.2927447096841447, "payoutRatio": null, "dividendPerShare": null, "dividendYearsRising": null, "dividendCut": null, "note": "Dividend yield, price/earnings and price/book need a share price. The boards carry filings only, so they are not shown." }, "peers": { "sic": 3760, "sicDescription": "Guided Missiles & Space Vehicles & Parts", "calendarYear": 2025, "minRevenue": 50000000, "depth": 2, "group": "37", "growth": [ 0.0488, 81 ], "opMargin": [ 0.0479, 75 ], "equityRatio": [ 0.3979, 77 ], "returnOnEquity": [ 0.0627, 68 ], "payoutRatio": [ 0.3379, 32 ] }, "credibility": { "auditedYears": 3, "weight": "moderate", "standard": "ASOP No. 25", "nonReliance": null, "auditorChange": null }, "healthWatch": { "window": "last 12 months", "since": "2025-09-29", "signals": [], "note": "Events the company itself filed with the SEC, most serious first. Shown beside the figures; they do not change the range or its receipt." }, "range": { "low": 148343944.53785, "high": 238426030.53383145, "baseline": 188062810.01248732, "coverage": 0.8, "method": "v3", "basis": "next fiscal year revenue: baseline = revenue x (1 + mean of one-year and three-year pace); range = 10th to 90th percentile of how SEC company-years of the same size band actually turned out", "calibratedOn": { "companyYears": 4309, "sizeBand": "b01" }, "credibility": null, "stress": null, "kind": "a statistical range, not company guidance; no view on the share price", "track": { "backtest": { "tests": 0, "hits": 0, "rate": null, "method": "v3", "note": "hindsight: past years, same calibrated range. The range was calibrated on 2022-2024 SEC data, so years in that window are partly in-sample." }, "registry": { "logged": "2026-09-29T14:14:27.248Z", "hash": "42bddc963b04014a", "status": "open" }, "scorecard": "https://www.pops4.com/boards/scorecard" } }, "caution": "Figures are as filed in audited 10-K reports and can move with restatements, acquisitions, disposals or a change in fiscal year. A range set from how past company-years turned out is not a promise about the next one, and says nothing about the share price.", "sources": { "facts": "https://data.sec.gov/api/xbrl/companyfacts/CIK0001788060.json", "filings": "https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1788060" }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.3662, "growth3y": 0.1542, "volatility": 0.0605, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.3653, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "notyet", "inside": "Turns -36.6% of revenue into operating cash; revenue growing 15.4% a year over three years; no common dividend.", "outside": "Among $100M-1B companies: 6th percentile for cash, 71st for growth.", "emoji": "⚡", "label": "Fast, cash not yet", "plain": "growing fast, but little cash arriving so far" }, "band": "$100M-1B", "cashPctInClass": 6, "growthPctInClass": 71, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "cash", "text": "operating cash flow was negative" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -60943000, "investing": -261607000, "financing": 757823000, "capitalSpending": 144673000, "free": -205616000, "trend": [ { "fiscalYearEnd": "2023-12-31", "operating": -15381000, "free": -32591000 }, { "fiscalYearEnd": "2024-12-31", "operating": -25502000, "free": -108205000 }, { "fiscalYearEnd": "2025-12-31", "operating": -60943000, "free": -205616000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 491329000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 1050454000, "ladder": null, "currentRatio": 4.37, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }, "definitions": { "operatingMargin": "Operating income divided by revenue.", "netMargin": "Net income divided by revenue.", "freeCashFlow": "Cash from operations minus spending on property and equipment.", "researchShareOfRevenue": "Research and development expense for the year as a share of revenue, both as filed.", "equityRatio": "Shareholders equity as a share of total assets, both as filed. Higher means less of the company is owed to someone else.", "returnOnEquity": "Net income for the year against shareholders equity at year end.", "payoutRatio": "Dividends paid as a share of net income, in the year the cash went out.", "dividendYearsRising": "Consecutive years, counted back from the last on record, in which dividend per share rose. A fall ends the run and is reported as dividendCut.", "revenueGrowthPerYear": "Compound annual growth between the first and latest fiscal years shown.", "credibility": "How much weight a record deserves, in the actuarial sense (ASOP No. 25): more audited years, more weight.", "peers": "Medians of SEC filers with $50M+ revenue in the same industry code (SIC), narrowest group with at least 8 filers, calendar-year figures from SEC XBRL frames.", "backtest": "The same range method applied to the company's own past years, scored against what it actually reported next. Hindsight, and labelled so.", "healthWatch": "Distress-type events the company filed in the last 12 months (late-filing notices; 8-K items 1.03, 3.01, 2.04, 4.02, 4.01, 2.05, 2.06, 1.05, 5.02), each with its count and newest filing. Display only: they do not change the range or its receipt." }, "speedCash": { "fiscalYear": 2025, "cashConversion": -0.3662, "growth3y": 0.1542, "volatility": 0.0605, "paysDividend": false, "raisedDividend": false, "equityRatio": 0.3653, "quadrant": { "code": "fs", "label": "Fast and steady", "plain": "growing faster than its size class, with steadier revenue" }, "compass": { "code": "notyet", "inside": "Turns -36.6% of revenue into operating cash; revenue growing 15.4% a year over three years; no common dividend.", "outside": "Among $100M-1B companies: 6th percentile for cash, 71st for growth.", "emoji": "⚡", "label": "Fast, cash not yet", "plain": "growing fast, but little cash arriving so far" }, "band": "$100M-1B", "cashPctInClass": 6, "growthPctInClass": 71, "source": "SEC XBRL frames, the company’s own audited figures; quadrant split at the median of its size class" }, "harbor": { "signs": [ { "key": "cash", "text": "operating cash flow was negative" } ], "rule": "Boat condition = number of warning signs: a serious warning filing in 12 months; liabilities over assets; slow and jumpy; negative operating cash; an 80% revenue range of ±25% or wider.", "level": 1, "name": "Sound ship", "plain": "one warning sign" }, "cashFlow": { "fiscalYearEnd": "2025-12-31", "operating": -60943000, "investing": -261607000, "financing": 757823000, "capitalSpending": 144673000, "free": -205616000, "trend": [ { "fiscalYearEnd": "2023-12-31", "operating": -15381000, "free": -32591000 }, { "fiscalYearEnd": "2024-12-31", "operating": -25502000, "free": -108205000 }, { "fiscalYearEnd": "2025-12-31", "operating": -60943000, "free": -205616000 } ], "note": "Annual, as filed in 10-K cash flow statements; negative investing/financing = cash going out (capital spending, buybacks, dividends, debt repaid)." }, "investments": { "fiscalYearEnd": "2025-12-31", "cash": 491329000, "shortTerm": null, "longTerm": null, "equityHoldings": null, "totalAssets": 1050454000, "ladder": null, "currentRatio": 4.37, "unrealizedGain": null, "unrealizedLoss": null, "note": "Balance-sheet cash and investment securities at fiscal year end, as filed; short-term = due or saleable within a year. Insurers and banks hold most of their book here." } }