Voyager Technologies Q3 2025 Revenue $39.6M, Net Loss $16.3M

Voyager Technologies, Inc./DE

2025-Q3 EPS reported -$2.51 revenue$119,768,000

Delivered net sales of $39.6 million in Q3 2025, with Defense and National Security segment growing 31% year-over-year to $28.5 million.
Expects full-year 2025 revenue towards high-end of guidance range of $165 million to $170 million.
Total backlog increased to $188.6 million, with book-to-bill ratio of 1.25.
Incurred net loss of $16.3 million and non-GAAP adjusted EBITDA loss of $17.7 million, reflecting Starlab ramp-up and innovation investment.
Robust balance sheet with $413.3 million cash and $200 million undrawn revolver capacity.

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