Credit and interest ratesnegative · 4 filings
“We define EBITDA as net loss attributable to Voyager Technologies, Inc.”10-Q · May 5, 2026 ↗
Voyager Technologies, Inc.
VOYG
You’ve read what changed. Here’s whether the market is confirming it.
Market read
Voyager Technologies, Inc.'s current read is isolated; its market group is not confirming.
No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 12 directly disclosed connections are confirming.
Partner3
Supplier2
Customer1
Company+2.6% todayVolume comparison unavailable
Market group0 of 6 activeCommunication Equipment & Resources · unavailable
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- VOYG's market-adjusted activity becomes unusual and at least one connected name confirms.
Invalidation: The isolated read changes if VOYG's group or a disclosed connection begins moving with it.
Research brief
The story so far
No new filing conclusion is available. 0 of 6 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 12 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- VOYG's market-adjusted activity becomes unusual and at least one connected name confirms.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods3
Price observations308
Usable filing statements101
Verified relationships13
Evidence supporting the case
- Latest annual revenue changed +15.4% year over year.
Evidence challenging the case
- Operating margin changed -31.6 percentage points in the latest annual period.
- Net margin changed -19.9 percentage points in the latest annual period.
- Credit and interest rates has repeated adverse evidence across 4 filings.
- Foreign exchange has repeated adverse evidence across 4 filings.
- Product pipeline and R&D has repeated adverse evidence across 4 filings.
- Restructuring and cost reductions has repeated adverse evidence across 4 filings.
Questions before a position
- EV/sales is 81% below the available filing-peer median; determine whether growth and quality justify the difference.
Longer-term price context
Price as of Sep 11, 2026
33.836m+20.3%12m+9.0%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2023-12-31$136.1M—$-3.65—
2024-12-31$144.2M+6.0%$-7.01-0.1%
2025-12-31$166.4M+15.4%$-2.89—
What management says matters
Persistent and emerging business drivers
Foreign exchangenegative · 4 filings
“We define Adjusted EBITDA as EBITDA adjusted for stock-based compensation, business acquisition costs, restructuring charges, net (loss) income attributable to noncontrolling interests, and other items we do not believe are indicative of our core operating pe…”10-Q · May 5, 2026 ↗
Product pipeline and R&Dmixed · 4 filings
“The decrease in Adjusted EBITDA during the three months ended March 31, 2026 was driven by the increase of $2.1 million of segment research and development expenses related to increased investment in product development, along with program cost growth of $6.0…”10-Q · May 5, 2026 ↗
Restructuring and cost reductionsnegative · 4 filings
“We define adjusted net loss attributable to common shareholders as the net income or loss attributable to common shareholders adjusted for stock-based compensation, business acquisition costs, restructuring, impairment losses, deferred income tax expense and…”10-Q · May 5, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales 8.2× · EV/sales 5.2×. Comparisons use only industry-matched filing peers.
Scenario scaffold
Fewer than 4 annual revenue periods; too little history to scaffold scenarios.
Price action
How the market is pricing the story
33.83+2.6% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 11 Sept, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for VOYG. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for VOYG. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind VOYG
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
MDAMDA Space Ltd.partnerMay 5, 2026 ▾
“We intend to operate Starlab through the Starlab JV, a Voyager-led and majority-owned global joint venture, with international equity partners that include Airbus, Mitsubishi and MDA Space.”
PLTRPalantir Technologies Inc.partnerMar 10, 2026 ▾
“We intend to operate Starlab through Starlab Space LLC (“Starlab JV”), a Voyager-led and majority-owned global joint venture, with international equity partners that include Airbus, Mitsubishi, MDA Space, Space Applications Services and Palantir.”
Depended on by
UMBFUMB Financial CorporationinvesteeFeb 26, 2026 ▾
“The increase in 2025 was primarily driven by the net gains from the Company's investment in Voyager Technologies, Inc., which completed its initial public offering in June 2025.”
Filing peers
Companies whose filings use similar operating language.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 15 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
VOYG is currently a Early Follower in the organic co-movement group Communication Equipment & Resources. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
This group is retained as the last observed read for VOYG; it is not active in the latest market snapshot.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.