Voyager Technologies, Inc. income statement

In fiscal 2025, Voyager Technologies, Inc. reported revenue of $166m, up 15.4% on the year before, operating income of −$108m (a -65.2% margin) and net income of −$105m, or −$2.89 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.

Income statement

US$ millions unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Voyager Technologies, Inc.: income statement, annual
Fiscal year	2023Dec 2023	2024Dec 2024	2025Dec 2025	LTMJun 2026
Revenue	136	144	166	174
Cost of revenue	108	109	137	155
Gross profit	28	35	30	19
Research and development	19	13	19	—
Selling, general and administrative	54	63	117	136
Operating income	−14	−48	−108	−154
Interest expense	11	12	7	6
Income before tax	−25	−67	−113	−146
Income tax	0	−2	−0	0
Net income	−25	−62	−105	−137
Diluted EPS	−$1.22	−$2.34	−$2.89	—
Diluted shares (average)	38m	38m	40m	—
EBITDA	−4	−35	−95	−140

US$ millions unless shown otherwise. Fiscal quarters.

Voyager Technologies, Inc.: income statement, quarterly
Quarter	2024 Q3Sept 2024	2024 Q4Dec 2024	2025 Q1Mar 2025	2025 Q2Jun 2025	2025 Q3Sept 2025	2025 Q4Dec 2025	2026 Q1Mar 2026	2026 Q2Jun 2026
Revenue	40	38	35	46	40	47	35	53
Cost of revenue	30	28	29	37	33	37	37	48
Gross profit	9	10	6	8	6	10	−2	4
Research and development	—	—	4	1	—	—	8	7
Selling, general and administrative	15	19	26	30	25	35	31	44
Operating income	−12	−12	−26	−24	−24	−34	−45	−51
Interest expense	3	3	3	3	0	1	2	2
Income before tax	−15	−11	−28	−33	−20	−32	−43	−51
Income tax	0	−2	0	0	−2	1	3	−2
Net income	−15	−9	−27	−31	−16	−30	−44	−46
Diluted EPS	−$0.40	−$0.27	−$0.57	−$0.61	−$0.28	−$0.38	−$0.75	−$0.79
EBITDA	−11	−8	−24	−23	−23	−29	−39	−49

EBITDA is operating income plus depreciation and amortisation. EPS and share counts are restated for stock splits. A dash means the company did not report the line for that period; expense lines are shown as reported, so they need not add up to the totals when a company reports other items between them.

Compare with peers

Head to head: TATT vs VOYG JOBY vs VOYG BKSY vs VOYG

More: Aerospace & Defense stocks compared, Industrials sector, rankings of US companies

Figures from Voyager Technologies, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Voyager Technologies, Inc.