Voyager Technologies Cash Flow Statement

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
Net Income	-104.81	-62.07	-25.44
Depreciation & Amortization	16.39	16.38	12.93
Other Amortization	3.04	5.67	4.14
Loss (Gain) From Sale of Investments	-	3.59	-
Stock-Based Compensation	18.92	3.76	2.71
Other Operating Activities	14.23	10.07	-2.74
Change in Accounts Receivable	-5.71	-5.92	-1.46
Change in Inventory	-0.34	1.58	1.49
Change in Accounts Payable	4.07	-6.07	-1.56
Change in Unearned Revenue	-6.66	7.41	-5.75
Change in Other Net Operating Assets	-0.07	0.1	0.31
Operating Cash Flow	-60.94	-25.5	-15.38
Capital Expenditures	-144.67	-82.7	-17.21
Cash Acquisitions	-151.83	-	2.05
Investment in Securities	-15.5	-	-0.1
Other Investing Activities	50.4	54.93	26.86
Investing Cash Flow	-261.61	-27.77	11.6
Short-Term Debt Issued	64.5	-	-
Long-Term Debt Issued	460	68.02	47.1
Total Debt Issued	524.5	68.02	47.1
Short-Term Debt Repaid	-64.5	-	-
Long-Term Debt Repaid	-64.42	-56.57	-39.61
Total Debt Repaid	-128.92	-56.57	-39.61
Net Debt Issued (Repaid)	395.58	11.45	7.49
Issuance of Common Stock	455.29	-	-
Repurchase of Common Stock	-27.7	-	-
Preferred Dividends Paid	-27.58	-	-
Dividends Paid	-27.58	-	-
Other Financing Activities	-150.77	0.91	-8.68
Financing Cash Flow	757.82	78.96	1.93
Foreign Exchange Rate Adjustments	0.13	-0.03	0.01
Net Cash Flow	435.4	25.65	-1.84
Free Cash Flow	-205.62	-108.21	-32.59
Free Cash Flow Margin	-123.55%	-75.05%	-23.95%
Free Cash Flow Per Share	-5.11	-8.49	-2.56
Cash Interest Paid	2.91	5.89	6.07
Cash Income Tax Paid	0.73	0.37	1.36
Levered Free Cash Flow	-177.08	-74.65	-
Unlevered Free Cash Flow	-175.86	-72.81	-
Change in Working Capital	-8.7	-2.9	-6.98

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