Voyager Technologies, Inc. (VOYG) intrinsic value & 10-year financials
Voyager Technologies, Inc. (VOYG) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 4 fiscal years revenue grew 10.6% a year to $166.4M, with an average return on invested capital of 52.7%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $25.35
- Market cap
- $1.0B
- Revenue (FY2025)
- $166.4M
- Revenue growth (4-yr CAGR)
- 10.6%
- ROIC (10-yr avg)
- 52.7%
- Free cash flow (FY2025)
- -$205.6M
VOYG 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $166.4M | -$104.8M | -$2.89 | -$205.6M | -65.2% | 101.1% |
| FY2024 | $144.2M | -$62.1M | -$7.01 | -$108.2M | -33.6% | 39.5% |
| FY2023 | $136.1M | -$25.4M | -$3.65 | -$32.6M | -10.4% | 17.6% |
| FY2022 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Voyager Technologies, Inc./DE revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Voyager Technologies, Inc./DE has earned high returns on invested capital, averaging 52.7% ROIC over the available history. High ROIC is consistent with a durable franchise, but it is not by itself proof of an economic moat.
Voyager Technologies, Inc./DE capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Voyager Technologies, Inc./DE is modeled at 8.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-61.09 per share.