Earnings Releases·Nov 2, 2026, 4:15 PM ET

Voyager Technologies — Q3 2026 Earnings Summary

Q3 2026 net sales surged 124% year-over-year to $89 million, while bookings hit a record $116 million (135% YoY growth), driving a 1.3x Book-to-Bill ratio and pushing the backlog to a record $742 million.
Full-year 2026 revenue guidance was raised to $285 million–$305 million, citing record backlog momentum and $700 million in Starlab commercial reservations, though Q3 net loss widened to $55.7 million and gross margin declined to 11.5% due to capacity investments.
Strategic milestones include a $298 million NASA award via Astrobotic, a new partnership with Anduril, and the completion of Griffin-1 acceptance testing ahead of a late-2026 launch.
The company maintains strong liquidity with $815.7 million in total assets and $262.1 million of available revolver capacity, despite convertible notes increasing to $841.1 million.