Voyager Technologies, Inc. (VOYG) Financial Statements

Income statement

Metric	TTM	2025	2024	2023
Revenue
Total Revenue	174.2M	166.4M	144.2M	136.1M
Cost of Revenue	162.9M	145.1M	109.3M	108.3M
Gross Profit	11.4M	21.3M	34.9M	27.8M
Operating Expenses
R&D Expense	23.1M	12.8M	7.6M	(18.5M)
SG&A Expense	131.5M	111.7M	62.6M	54.0M
General & Admin Expense	43.7M	—	61.6M	53.3M
Selling & Marketing Expense	—	—	1.0M	700.0K
Other Expenses	6.8M	—	13.2M	6.5M
Total Operating Expenses	161.4M	124.4M	83.4M	42.0M
Cost and Expenses	324.3M	269.5M	192.6M	150.2M
Operating Income (EBIT)	(150.0M)	(103.1M)	(48.4M)	(14.2M)
Non-Operating
Interest Income	—	—	—	—
Interest Expense	5.6M	6.8M	12.0M	10.6M
Net Interest Income	(5.6M)	(6.8M)	(12.0M)	(10.6M)
Other Non-Op Income/Expense	4.5M	(9.7M)	(18.9M)	(10.7M)
Non-Operating Income (excl Interest)	(10.1M)	2.9M	6.9M	94.0K
EBT (Pre-Tax Income)	(145.6M)	(112.8M)	(67.3M)	(24.9M)
Income Tax Expense	462.0K	(440.0K)	(1.7M)	341.0K
Bottom Line
Net Income	(137.0M)	(104.8M)	(62.1M)	(25.4M)
Earnings from Cont. Ops	(146.0M)	(112.3M)	(65.6M)	(25.2M)
Earnings from Discont. Ops	—	—	—	—
Bottom Line Net Income	(137.0M)	(116.1M)	(83.9M)	(43.3M)
Per Share
Basic EPS	($2.34)	($1.99)	($1.44)	($0.74)
Diluted EPS	($2.34)	($1.99)	($1.44)	($0.74)
Revenue Per Share	$2.98	$2.85	$2.48	$2.34
Shares
Basic Shares Outstanding	58.5M	58.4M	58.2M	58.2M
Diluted Shares Outstanding	58.5M	58.4M	58.2M	58.2M
Profitability Metrics
EBITDA	(115.8M)	(89.6M)	(38.9M)	(1.3M)
D&A	24.1M	16.4M	16.4M	12.9M
EBIT	(140.0M)	(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 Jun 1, 2026