Voyager Technologies (VOYG) Cash Flow Statement

In fiscal 2025 (fiscal year ended Dec 31, 2025), Voyager Technologies used $60.94M of cash in operating activities and spent $144.67M on capital expenditures. That left free cash flow of −$205.62M. It returned $189.48M to shareholders through $27.58M in dividends and $161.89M in share buybacks.

Voyager Technologies Cash Flow Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

Scale:

Scroll to see more

Cash flow statement showing operating, investing, and financing activities for Voyager Technologies, Inc. (VOYG) - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023
Period ending	Dec 2025	Dec 2024	Dec 2023
Operating Activities
Net Income	-112.33	-65.63	-25.20
Depreciation & Amortization	16.39	16.38	12.93
Deferred Income Tax	-0.48	-2.61	-0.65
Stock Based Compensation	18.92	3.76	2.71
Change in Working Capital	-8.70	-2.90	-6.98
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 Other Working Capital	17.46	12.52	0.52
Other Operating Activities	17.46	12.52	0.52
Net Cash from Operating Activities	-60.94	-25.50	-15.38
Investing Activities
Capital Expenditures	-144.67	-82.70	-17.21
Acquisitions	-151.83	0.00	2.05
Purchases of Investments	-15.50	0.00	-0.10
Other Investing Activities	50.40	54.93	26.86
Net Cash from Investing Activities	-261.61	-27.77	11.60
Financing Activities
Debt Repayment	-128.92	-56.57	-39.61
Common Stock Issued	455.29	0.00	0.00
Common Stock Repurchased	-161.89	0.00	0.00
Dividends Paid	-27.58	0.00	0.00
Other Financing Activities	-19.62	0.91	-8.68
Net Cash from Financing Activities	757.82	78.96	1.93
Summary
Effect of Forex Changes on Cash	0.13	-0.03	0.01
Net Change in Cash	435.40	25.65	-1.84
Cash at Beginning of Period	55.93	30.28	32.12
Cash at End of Period	491.33	55.93	30.28
Free Cash Flow	-205.62	-108.21	-32.59

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Voyager Technologies Cash Flow

What is Voyager Technologies's free cash flow?

Voyager Technologies had negative free cash flow of $205.62M in fiscal 2025 (fiscal year ended Dec 31, 2025), operating cash flow of −$60.94M minus $144.67M of capital expenditures.

How much does Voyager Technologies spend on capital expenditures?

Voyager Technologies spent $144.67M on capital expenditures in fiscal 2025, compared with $82.70M a year earlier.

Does Voyager Technologies pay dividends or buy back shares?

Yes. In fiscal 2025 Voyager Technologies returned $27.58M in dividends and $161.89M in share buybacks to shareholders, according to its cash flow statement.

What is free cash flow?

Free cash flow is operating cash flow minus capital expenditures. It is the cash a company has left for dividends, buybacks, debt repayment or acquisitions after funding its operations and investment. Full definition