Voyager Technologies Balance Sheet

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023
Cash & Equivalents	491.33	55.93	30.28
Cash & Short-Term Investments	491.33	55.93	30.28
Cash Growth	778.47%	84.71%	-
Receivables	59.61	32.66	32.9
Inventory	3.83	1.53	3.1
Prepaid Expenses	26.54	11.46	2.92
Total Current Assets	581.3	101.58	69.2
Property, Plant & Equipment	182.45	57.61	23.54
Goodwill	157.67	46.52	46.52
Other Intangible Assets	98.98	34.68	44.27
Other Long-Term Assets	30.05	7.21	5.37
Total Assets	1,050	247.6	188.89
Accounts Payable	27.39	22.79	13.5
Accrued Expenses	74.19	38.68	32.82
Current Portion of Long-Term Debt	-	0.67	45.15
Current Portion of Leases	5.83	3	3.28
Current Income Taxes Payable	1.29	0.91	0.22
Current Unearned Revenue	24.34	21.37	16.26
Total Current Liabilities	133.03	87.41	111.22
Long-Term Debt	447.63	88.35	30.56
Long-Term Leases	13.34	6.21	7.34
Long-Term Unearned Revenue	7.9	2.76	6.42
Long-Term Deferred Tax Liabilities	8.86	0.11	2.67
Other Long-Term Liabilities	10.17	96.32	80.54
Total Liabilities	620.92	281.17	238.75
Common Stock	0.01	0	0
Additional Paid-In Capital	797.44	15.08	-
Retained Earnings	-385.93	-281.11	-216.8
Treasury Stock	-27.7	-	-
Comprehensive Income & Other	-0.1	0.03	-0.19
Total Common Equity	383.72	-266	-216.99
Minority Interest	45.81	36.14	42.76
Shareholders' Equity	429.53	-33.57	-49.86
Total Liabilities & Equity	1,050	247.6	188.89
Total Debt	466.8	98.22	86.33
Net Cash (Debt)	24.53	-42.29	-56.05
Net Cash Per Share	0.61	-3.32	-4.39
Filing Date Shares Outstanding	59.09	8.86	8.28
Total Common Shares Outstanding	59.14	8.86	8.28
Working Capital	448.27	14.17	-42.02
Book Value Per Share	6.49	-30.01	-26.20
Tangible Book Value	127.06	-347.2	-307.77
Tangible Book Value Per Share	2.15	-39.17	-37.15
Buildings	0.91	-	-
Machinery	36.55	26.83	25.15
Construction In Progress	143.87	37.25	0.36
Leasehold Improvements	3.19	2.28	1.51
Order Backlog	265.59	200.08	-

Source: S&P Capital IQ. Standard template. Financial Sources.