| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 35.25 | 2.1% |
| Total Income | 35.25 | 2.1% |
| Expenditure | 79.89 | 31.4% |
| PBT | -42.72 | 53.2% |
| Net Profit | -43.98 | 63.3% |
| OPM | — | |
| NPM | — | |
| EPS | -0.75 | 67.4% |
Voyager Reports 1Q 2026 Financial Results, Record Backlog, Raises Guidance
05 May 2026 · 5 May, 2:03 am
Summary
Voyager Technologies announced its first quarter 2026 financial results, highlighting a record backlog of $275.3 million, up 54% year over year. Net sales for the quarter were $35.2 million, in line with expectations. The company reported a net loss of $(44.0) million, or $(0.75) per share, and a non-GAAP adjusted loss of $(35.8) million, or $(0.61) per share. Voyager is increasing its 2026 revenue guidance to be in the range of $230 million to $255 million.
Key Highlights
- 1
Voyager Technologies reported a record backlog of $275.3 million, representing a 54% increase year over year.
- 2
First quarter bookings reached $45.2 million, resulting in a book-to-bill ratio of 1.3.
- 3
The company delivered first quarter net sales of $35.2 million.
- 4
Voyager maintains a robust balance sheet with $429.4 million in cash and cash equivalents, and total liquidity of $641.4 million.
- 5
2026 revenue guidance is raised to a range of $230 million to $255 million, reflecting a 39-53% acceleration over the previous year.
- 6
Starlab achieved four additional NASA milestones in the first quarter of 2026.
- 7
Innovation spend was 48% of net sales, excluding Starlab, and 151% on a consolidated basis for the three months ended March 31, 2026.
Management Comments
Dylan Taylor
"We achieved a new record backlog with strong bookings across all of our core technologies" said Voyager Technologies Chairman & CEO Dylan Taylor. "The scale of demand being signaled by the Department of War is historic, with Golden Dome now framed as a generational, multi-domain investment and a clear directive to industry to expand domestic production of propulsion systems, energetics, and munitions components. The groundbreaking of the Voyager American Defense Complex in Pueblo, Colorado this quarter — a 150,000-square-foot advanced manufacturing facility designed for high-volume production of solid rocket motors, propulsion systems, and energetic materials — is a direct response to that demand signal and positions us as a critical node in the domestic defense industrial base the Pentagon is urgently working to rebuild." "Our Defense and Space Technologies segment remains a powerful growth engine, fueled by strong customer engagement and new business wins across several key missile defense programs, in addition to continued execution on the Next Generation Interceptor. Voyager is deeply aligned with the highest-priority national security objectives, driving a new record backlog that grew to $275 million," continued Taylor. "Additionally, NASA recently selected Voyager for its seventh private astronaut mission to the International Space Station, VOYG-1, a milestone that reflects the trust our customers place in us and the depth of our human spaceflight capabilities, all while Starlab achieved four additional NASA milestones." With a record backlog, sustained budget momentum, mission urgency, and a growing domestic manufacturing capability, we are extremely well positioned to significantly accelerate our revenue growth relative to last year.
Informational and educational content only. Not investment advice.