---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-048250"
form_type: "8-K"
ticker: "VOYG"
cik: "0001788060"
company_name: "Voyager Technologies, Inc./DE"
filed_at: "2025-11-03T23:59:59+00:00"
generated_at: "2026-05-17T00:55:37.052059+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001628280-25-048250
- form_type: 8-K
- ticker: VOYG
- cik: 0001788060
- company_name: Voyager Technologies, Inc./DE
- filed_at: 2025-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1788060/000162828025048250/0001628280-25-048250-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1788060/000162828025048250/voyg-20251103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-048250
- JSON: https://secwatch.observer/filing/0001628280-25-048250.json
- Plain text: https://secwatch.observer/filing/0001628280-25-048250.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.