Voyager Technologies Q3 2026 results
Updated from live prices and SEC filings
Voyager revenue rose 124% to $88.7M and bookings rose 135% to $116M, while the net loss widened to $55.7M from $16.3M. Backlog reached a record $742M, including $347M from the Astrobotic acquisition, and the low end of 2026 revenue guidance was raised by $10M.
Voyager Technologies (VOYG) reported results for the three months to 30 September 2026 on 2 Nov 2026. Revenue up 124% to $89M, backlog at a record $742M.
The numbers
| Measure | Q3 2026 | Change |
|---|---|---|
| Revenue | $88.7M | +124% (from $39.6M); +68% on Q2 |
| Gross profit | $10.2M | from $6.1M |
| Gross margin | 11.5% | from 15.4%; +310 bps on Q2 |
| Net loss attributable to Voyager | $55.7M | from $16.3M |
| Loss per share | $0.91 | adjusted loss $0.87 |
| Adjusted EBITDA | -$44.9M | from -$17.7M |
| Bookings | $116M | +135% (from $49M); book-to-bill 1.3x |
| Backlog | $742M | +293% year on year; from $336M at 30 June |
| Cash and cash equivalents | $553.6M | from $491.3M at 31 December 2025 |
| Total liquidity | $815.7M | includes $262.1M undrawn revolver |
What stood out
- Backlog more than doubled from the second quarter, helped by $347M added through the Astrobotic acquisition, including a $298M NASA award.
- Starlab commercial reservations rose to about $700M from about $500M last quarter; cumulative milestone cash receipts reached $212.5M.
- NASA released its Commercial LEO Destination Phase 2 request for proposals in October, with submissions due in December 2026 and an award expected in spring 2027.
- Announced a strategic partnership with Anduril and completed Griffin-1 acceptance testing ahead of a planned late 2026 launch.
- Convertible notes stood at $841.1M, net, at the end of the quarter.
Outlook
Voyager raised the lower end of its 2026 revenue guidance by $10M, to a range of $285M to $305M, which it said represents growth of about 72% to 84%.
More on Voyager Technologies
- VOYG stock: live price, filings, insider trades and contracts
- Chart VOYG on TradingView ($15 off a paid plan)
- All space stock results
- Space stocks earnings calendar
Sources
- Voyager Reports Record Third Quarter 2026 Revenue, Bookings and Backlog (Business Wire via Morningstar)
- Voyager Technologies Q3 revenue beats; low end of 2026 outlook range raised (Reuters via TradingView)
- Voyager Technologies Reports Mixed Q3, Revenue Up 124% Year-Over-Year (Benzinga)
Figures as reported by the company; changes are against the same quarter a year earlier unless stated. Orbit Alpha is information, not investment advice.
Orbit Alpha may earn a commission from some links on this page, at no extra cost to you.
Orbit Alpha is a free space stocks dashboard and weekly newsletter covering 30 listed space companies, with live prices, launches, earnings dates, SEC filings, insider trades and US government contracts in one place.