Voyager Technologies, Inc./DE (VOYG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023
Revenue
Total Revenue	223.4M	166.4M	144.2M	136.1M
Cost of Revenue	207.9M	145.1M	109.3M	108.3M
Gross Profit	15.5M	21.3M	34.9M	27.8M
Operating Expenses
R&D Expense	36.4M	12.8M	7.6M	(18.5M)
SG&A Expense	154.2M	111.7M	62.6M	54.0M
General & Admin Expense	43.7M	—	61.6M	53.3M
Selling & Marketing Expense	—	—	1.0M	700.0K
Other Expenses	4.9M	—	13.2M	6.5M
Total Operating Expenses	195.5M	124.4M	83.4M	42.0M
Cost and Expenses	403.3M	269.5M	192.6M	150.2M
Operating Income (EBIT)	(187.9M)	(103.1M)	(48.4M)	(14.2M)
Non-Operating
Interest Income	—	—	—	—
Interest Expense	2.7M	6.8M	12.0M	10.6M
Net Interest Income	(5.4M)	(6.8M)	(12.0M)	(10.6M)
Other Non-Op Income/Expense	317.0K	(9.7M)	(18.9M)	(10.7M)
Non-Operating Income (excl Interest)	(5.9M)	2.9M	6.9M	94.0K
EBT (Pre-Tax Income)	(187.6M)	(112.8M)	(67.3M)	(24.9M)
Income Tax Expense	(4.2M)	(440.0K)	(1.7M)	341.0K
Bottom Line
Net Income	(176.4M)	(104.8M)	(62.1M)	(25.4M)
Earnings from Cont. Ops	(183.4M)	(112.3M)	(65.6M)	(25.2M)
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	(176.4M)	(116.1M)	(83.9M)	(43.3M)
Per Share
Basic EPS	($2.97)	($1.99)	($1.44)	($0.74)
Diluted EPS	($2.97)	($1.99)	($1.44)	($0.74)
Revenue Per Share	$3.66	$2.85	$2.48	$2.34
Shares
Basic Shares Outstanding	61.0M	58.4M	58.2M	58.2M
Diluted Shares Outstanding	61.0M	58.4M	58.2M	58.2M
Profitability Metrics
EBITDA	(161.4M)	(89.6M)	(38.9M)	(1.3M)
D&A	20.6M	16.4M	16.4M	12.9M
EBIT	(120.1M)	(106.0M)	(55.3M)	(14.3M)

As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Sep 1, 2026