Blacksky Technology vs Voyager Technologies
Voyager Technologies is the larger business, with $166m of revenue in fiscal 2025 against $107m for Blacksky Technology (1.6 times as much). Voyager Technologies grew faster (15.4% against 4.4%). Voyager Technologies kept more of each dollar of sales as profit: a net margin of -63.0% against -65.9%. Voyager Technologies carries less debt relative to equity (116.7% against 219.1%).
| Latest fiscal year | Blacksky TechnologyBKSY, 2025 | Voyager TechnologiesVOYG, 2025 |
|---|---|---|
| Revenue | $107m | $166m |
| Revenue growth | 4.4% | 15.4% |
| Net income | −$70.3m | −$105m |
| Operating margin | -44.0% | -65.2% |
| Net margin | -65.9% | -63.0% |
| Return on equity | -74.4% | -66.8% |
| Free cash flow | −$44.5m | −$206m |
| Cash | $42.4m | $491m |
| Total debt | $208m | $448m |
| Debt to equity | 219.1% | 116.7% |
| Dividend per share | — | — |
| Dividend yield | — | — |
| Share buybacks | — | $27.7m |
| Employees | 321 | 800 |
| Market value | $702m | $1.46bn |
| Price vs our value range | — | — |
| Moat score | 20 (Weak) | — |
| Insider trades, 12 months | 0 buys, 18 sales | 0 buys, 4 sales |