Voyager Technologies, Inc. (VOYG) - Net Assets
Based on the latest financial reports, Voyager Technologies, Inc. (VOYG) has net assets worth $376.58 Million USD as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.01 Billion) and total liabilities ($632.69 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. See net asset quality index of Voyager Technologies, Inc. to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $376.58 Million |
| % of Total Assets | 37.31% |
| Annual Growth Rate | 276.26% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 259.44 |
Voyager Technologies, Inc. - Net Assets Trend (2023–2025)
This chart illustrates how Voyager Technologies, Inc.'s net assets have evolved over time, based on quarterly financial data. Also explore VOYG net assets growth trend to track the company's year-over-year net asset growth rate.
Annual Net Assets for Voyager Technologies, Inc. (2023–2025)
The table below shows the annual net assets of Voyager Technologies, Inc. from 2023 to 2025. For live market cap and overall valuation, see VOYG market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $429.53 Million | +616.76% |
| 2024-12-31 | $59.93 Million | +97.88% |
| 2023-12-31 | $30.29 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Voyager Technologies, Inc.'s total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 16912500000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | $6.00K | 0.00% |
| Other Comprehensive Income | $-95.00K | -0.02% |
| Other Components | $769.74 Million | 200.60% |
| Total Equity | $383.72 Million | 100.00% |
Voyager Technologies, Inc. Competitors by Market Cap
The table below lists competitors of Voyager Technologies, Inc. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WeRide Inc. American Depositary Shares
NASDAQ:WRD
|
$1.49 Billion |
|
Zhejiang Jingxin Pharmaceutical Co Ltd
SHE:002020
|
$1.50 Billion |
|
Panca Anugrah Wisesa Tbk PT
JK:MGLV
|
$1.50 Billion |
|
Flight Centre Travel Group Ltd
AU:FLT
|
$1.50 Billion |
|
Friedrich Vorwerk Group SE
F:VH2
|
$1.49 Billion |
|
Global Blue Group Holding Ltd
NYSE:GB
|
$1.49 Billion |
|
Beijing Yuanliu Hongyuan Electronic Technology Co Ltd
SHG:603267
|
$1.49 Billion |
|
CMST Development Co Ltd
SHG:600787
|
$1.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Voyager Technologies, Inc.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 23,792,000 to 383,720,000, a change of 359,928,000 (1512.8%).
- Net loss of 104,814,000 reduced equity.
- Dividend payments of 27,584,000 reduced retained earnings.
- Share repurchases of 161,893,000 reduced equity.
- New share issuances of 571,339,000 increased equity.
- Other comprehensive income decreased equity by 123,000.
- Other factors increased equity by 83,003,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $-104.81 Million | -27.32% |
| Dividends Paid | $27.58 Million | -7.19% |
| Share Repurchases | $161.89 Million | -42.19% |
| Share Issuances | $571.34 Million | +148.89% |
| Other Comprehensive Income | $-123.00K | -0.03% |
| Other Changes | $83.00 Million | +21.63% |
| Total Change | $- | 1512.81% |
Book Value vs Market Value Analysis
This analysis compares Voyager Technologies, Inc.'s book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.15x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2023-12-31 | $-0.21 | $27.26 | x |
| 2024-12-31 | $0.41 | $27.26 | x |
| 2025-12-31 | $6.57 | $27.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Voyager Technologies, Inc. utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): -27.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -62.98%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 2.74x
- Recent ROE (-27.32%) is above the historical average (-96.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2023 | 0.00% | -18.70% | 0.72x | 0.00x | $-24.19 Million |
| 2024 | -260.89% | -43.05% | 0.58x | 10.41x | $-64.45 Million |
| 2025 | -27.32% | -62.98% | 0.16x | 2.74x | $-143.19 Million |
Industry Comparison
This section compares Voyager Technologies, Inc.'s net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,505,398,540
- Average return on equity (ROE) among peers: -5.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Voyager Technologies, Inc. (VOYG) | $376.58 Million | 0.00% | 1.68x | $1.49 Billion |
| Archer Aviation Inc (ACHR) | $367.10 Million | -124.73% | 0.51x | $3.82 Billion |
| AAR Corp (AIR) | $866.00 Million | 7.82% | 1.54x | $4.04 Billion |
| Air Industries Group (AIRI) | $6.87 Million | -4.91% | 2.62x | $14.65 Million |
| AIRO Group Holdings, Inc. Common Stock (AIRO) | $595.46 Million | -5.45% | 0.24x | $167.82 Million |
| Arxis, Inc. Class A Common Stock (ARXS) | $2.98 Billion | -1.86% | 1.12x | $4.32 Billion |
| Astronics Corporation (ATRO) | $10.30 Million | 12.62% | 1.31x | $2.05 Billion |
| AeroVironment Inc (AVAV) | $169.74 Million | 12.60% | 0.19x | $6.94 Billion |
| AEVEX Corp. (AVEX) | $590.07 Million | -0.14% | 0.37x | $826.16 Million |
| Axon Enterprise Inc. (AXON) | $467.32 Million | 6.25% | 0.54x | $34.35 Billion |
| The Boeing Company (BA) | $9.00 Billion | 45.25% | 5.55x | $150.07 Billion |
About Voyager Technologies, Inc.
Voyager Technologies, Inc. operates as a defense technology and space solutions company in the United States, Europe, the Middle East, and internationally. It operates through three segments: Defense & National Security, Space Solutions, and Starlab Space Stations. The Defense & National Security segment provides defense systems, including solid propulsion subsystems; signal intelligence systems;… Read more