Voyager Technologies
Builds defense systems, spacecraft hardware, lunar infrastructure, and the planned Starlab commercial station.
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Profile
Sells defense propulsion, energetics, sensing, and communications systems alongside spacecraft hardware, mission services, and lunar infrastructure through the Defense and Space Technologies segment. U.S. government contracts provide most revenue, while the separate Voyager-led Starlab Space Stations venture remains a pre-revenue development program.
Defense and Space Technologies supplies propulsion and energetics, signals intelligence and sensing, space-qualified communications, guidance and navigation hardware, and in-orbit maneuvering technology. Work spans prime-contract and component-supplier roles, combining vertically integrated energetics production with flight-proven spacecraft hardware.
The same segment provides mission operations, engineering, and International Space Station services through Nanoracks and the Bishop Airlock. Voyager Lunar Systems adds lunar landers, surface power, and reusable rockets. Extensive ISS mission execution and deployed spacecraft subsystems underpin the space portfolio.
Starlab Space Stations is a Voyager-led venture developing a commercial low-Earth-orbit station with international partners. U.S. government work generates most revenue, tying results to federal budgets, procurement rules, contract timing, and program execution. Starlab remains pre-revenue and depends on development milestones, partner funding, additional financing, and NASA’s commercial-station procurement.
Company facts
Key statistics
Year to date +23.6% · Average volume (30d) 1.5M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 9, 2026 | Jefferies | Reiterate | Buy | $60 | $65 | |
| Aug 5, 2026 | Morgan Stanley | Reiterate | Underweight | $39 | $37 | |
| Jul 15, 2026 | Morgan Stanley | Downgrade | Equal Weight | Underweight | ||
| Jun 11, 2026 | BTIG | Target | $55 | |||
| Jun 3, 2026 | Wolfe Research | Target | $55 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 3, 2026Q2 FY26 | −$0.88 | −$0.70 | +20.3% | $49.1M | $52.7M | +7.5% | +19.56% |
| May 4, 2026Q1 FY26 | −$0.61 | −$0.61 | −0.8% | $35.2M | $35.2M | +0.1% | +3.25% |
| Mar 9, 2026Q4 FY25 | −$0.42 | −$0.61 | −45.2% | $48.0M | $46.7M | −2.9% | +6.34% |
| Nov 3, 2025Q3 FY25 | −$0.24 | −$0.22 | +8.3% | $48.1M | $39.6M | −17.6% | −2.83% |
Financial highlights
| 10 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $34.5M | $45.7M | $39.6M | $46.7M | $35.2M | $52.7M | |
| Gross profit | $5.6M | $6.6M | $6.1M | $6.6M | −$5.8M | $4.5M | |
| Operating income | −$26.3M | −$23.3M | −$24.0M | −$31.1M | −$43.5M | −$51.4M | |
| Net income | −$26.9M | −$31.4M | −$16.3M | −$30.2M | −$44.0M | −$46.5M | |
| Diluted EPS | −$0.59 | −$0.64 | −$0.28 | −$0.52 | −$0.75 | −$0.79 | |
| Gross margin | 16.2% | 14.5% | 15.4% | 14.1% | -16.4% | 8.4% | |
| Operating margin | -76.2% | -51.1% | -60.7% | -66.6% | -123.4% | -97.5% |
Fiscal years (4-quarter sums)FY24 $144.2M · FY25 $166.4M
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $373.4M · Total debt $491.1M · Total assets $1.01B · Shareholders' equity $325.7M
Dividends
No dividends on record.
Ownership
Shares outstanding 60.57M · Float 46.25M · 76.4% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Dylan Taylor | 6.16M | 10.30% | 13G | Nov 14, 2025 |
| Innovation X Venture Partners, LLC · other: Former 10% Owner | 4.07M | 6.72% | Form 4 | Jun 12, 2025 |
| BlackRock, Inc. | 3.71M | 6.13% | 13F | Aug 7, 2026 |
| Bank of Nova Scotia | 3.56M | 6.42% | 13G | Jul 15, 2026 |
| Senvest Management, LLC | 2.97M | 4.90% | 13F | Aug 14, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 11, 2026 | Matthew James Kuta | director, officer: President | −199,807 | $42.97 |
Peers
- Northrop Grumman
Defense prime in missile defense, C4ISR, propulsion, and LEO commercial cargo
- RTX
Aerospace-defense prime in missile defense, radar, propulsion, and ISS systems
- L3Harris Technologies
Defense prime across C4ISR, EW, EO/IR sensors, space payloads, and propulsion
- Rocket Lab
Launch, spacecraft buses, satellite components, growing defense footprint
- Redwire
Space infrastructure for ISS, deployable power, and LEO commercial stations
- Kratos Defense & Security Solutions
Affordable disruptor in UAS, propulsion, radar electronics, and satellite C2
- Palantir Technologies
Defense AI analytics leader; also Starlab Space JV equity partner (coopetition)
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Voyager Technologies | $34.18 | −0.48% | $2.08B | — | — | 11.9 | +15.5% |
| Northrop Grumman | $546.65 | +0.20% | $77.51B | 17.3 | 18.6 | 1.8 | +5.1% |
| RTX | $212.00 | +0.13% | $285.33B | 37.3 | 28.8 | 3.1 | +14.5% |
| L3Harris Technologies | $262.82 | +0.01% | $48.94B | 26.5 | 21.3 | 2.1 | +8.4% |
| Rocket Lab | $64.56 | +0.25% | $37.27B | — | — | 48.5 | +62.0% |
| Redwire | $10.87 | 0.00% | $2.60B | — | — | 6.1 | +89.6% |
| Kratos Defense & Security Solutions | $52.02 | +0.02% | $9.75B | 305.2 | 54.5 | 6.4 | +30.5% |
| Palantir Technologies | $185.46 | −0.39% | $427.73B | 157.9 | 97.9 | 69.5 | +92.8% |
| Median | 37.3 | 28.8 | 6.1 | +30.5% |