Voyager Therapeutics, Inc. income statement
In fiscal 2025, Voyager Therapeutics, Inc. reported revenue of $40.4m, down 49.5% on the year before, operating income of −$132m (a -326.6% margin) and net income of −$120m, or −$2.04 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
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 17 | 14 | 10 | 8 | 104 | 171 | 37 | 41 | 250 | 80 | 40 | 34 |
| Research and development | 28 | 42 | 62 | 65 | 120 | 109 | 74 | 61 | 92 | 127 | 135 | 118 |
| General and administrative | 10 | 13 | 20 | 34 | 36 | 35 | 37 | 31 | 36 | 36 | 38 | 33 |
| Operating income | −20 | −41 | −72 | −91 | −52 | 27 | −74 | −51 | 122 | −83 | −132 | −117 |
| Income before tax | −30 | −40 | −71 | −88 | −44 | 37 | −71 | −46 | 134 | −64 | −120 | −108 |
| Income tax | 0 | 0 | — | −0 | — | — | — | 0 | 1 | 1 | 0 | 0 |
| Net income | −30 | −40 | −71 | −88 | −44 | 37 | −71 | −46 | 132 | −65 | −120 | −108 |
| Diluted EPS | $9.14 | −$1.59 | −$2.64 | −$2.75 | −$1.21 | $0.98 | −$1.89 | −$1.21 | $2.97 | −$1.13 | −$2.04 | −$1.81 |
| Diluted shares (average) | 4m | 25m | 27m | 32m | 36m | 37m | 38m | 38m | 45m | 58m | 59m | 59m |
| EBITDA | −20 | −41 | −70 | −89 | −49 | 31 | −68 | −45 | 126 | −79 | −128 | −113 |
| 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 | 25 | 6 | 6 | 5 | 13 | 15 | 3 | 3 |
| Research and development | 30 | 36 | 32 | 31 | 36 | 36 | 25 | 22 |
| General and administrative | 8 | 9 | 10 | 10 | 8 | 9 | 8 | 8 |
| Operating income | −14 | −38 | −35 | −37 | −31 | −30 | −30 | −26 |
| Income before tax | −9 | −34 | −31 | −33 | −28 | −27 | −28 | −24 |
| Income tax | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net income | −9 | −34 | −31 | −33 | −28 | −27 | −28 | −24 |
| Diluted EPS | −$0.16 | −$0.60 | −$0.53 | −$0.57 | −$0.47 | −$0.47 | −$0.47 | −$0.40 |
| EBITDA | −13 | −37 | −34 | −36 | −30 | −29 | −29 | −25 |
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