Voyager Technologies, Inc./TX (VOYG)

NYSE · Guided Missiles & Space Vehicles & Parts

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

29 entities across 10 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-10 — see the exhibit.

Which other public companies file entities in the same places:

Delaware15 Colorado4 California2 Nevada2 Louisiana1 Virginia1 United Kingdom1 Alaska1 Ohio1 Italy1

Subsidiaries of Voyager Technologies, Inc./TX as disclosed in its SEC filing
Entity	Jurisdiction	Note
Altius Space Machines, Inc.	Colorado
DreamUp PBC	Delaware
ElectroMagnetic Systems, Inc	California
ExoTerra Resource LLC	Colorado
Goex Industries LLC	Louisiana
LeoCloud, Inc.	Virginia
Nanoracks UK	United Kingdom
Nanoracks, LLC	Nevada
Optical Physics Company, Inc.	Nevada
Pioneer Invention, LLC	Colorado
Space Micro, Inc.	Delaware
Starlab Space, LLC	Delaware
The Launch Company, LLC	Alaska
Valley Tech Systems, Inc.	California
Voyager Energetics Inc	Colorado
Voyager Space Force, LLC	Delaware
Voyager Space Exploration, LLC	Delaware
Voyager Space IP Holdings, LLC	Delaware
Voyager Technology Holdings LLC	Delaware
Voyager Space IPX, LLC	Delaware
Voyager Space Science Park, LLC	Ohio
Voyager Space Services, LLC	Delaware
Voyager Technologies Europe	Italy
Voyager Ventures, LLC	Delaware
Voyager Workforce, LLC	Delaware
XO Airlock, LLC	Delaware
XO Markets Holdings, Inc.	Delaware
ZIN Aerospace, Inc.	Delaware
ZIN Technologies, Inc.	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

3 / 7

FAILReturn on assets positiveROA -10.0%
FAILOperating cash flow positiveOCF -61M
PASSReturn on assets improving-25.1% → -10.0%
PASSCash flow exceeds earningsOCF -61M vs NI -105M
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving1.16 → 4.37
FAILNo share dilution13M → 40M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.58× → 0.16×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2023	$136.1M	−$25.4M	−$32.6M	—	12,753,325
FY2024	$144.2M	−$62.1M	−$108.2M	—	12,746,454
FY2025	$166.4M	−$104.8M	−$205.6M	—	40,213,015

Identity

CIK: 0001788060
SIC: 3760 · Guided Missiles & Space Vehicles & Parts
Incorporated: TX
Headquarters: DENVER, CO

Ownership

Institutional: 86.5%
Institutions: 325
Insiders: 4.5%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other guided missiles & space vehicles & parts companies

Voyager Technologies, Inc./TX files under SIC 3760 — all 5 guided missiles & space vehicles & parts companies compared on assets and F-score.

LOCKHEED MARTIN CORPLMT KRATOS DEFENSE & SECURITY SOLUTIONS, INC.KTOS Rocket Lab CorpRKLB Redwire CorpRDW

Questions about Voyager Technologies, Inc./TX

How many subsidiaries does Voyager Technologies, Inc./TX file with the SEC?: 29, listed in its most recent exhibit 21. They are incorporated across 10 jurisdictions, led by Colorado, Delaware, California. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Voyager Technologies, Inc./TX financially healthy?: Voyager Technologies, Inc./TX scores 3 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

29 entities across 10 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-03-10 — see the exhibit.

Entity

Jurisdiction

Note

Altius Space Machines, Inc.

Colorado

DreamUp PBC

Delaware

ElectroMagnetic Systems, Inc

California

ExoTerra Resource LLC

Colorado

Goex Industries LLC

Louisiana

LeoCloud, Inc.

Virginia

Nanoracks UK

United Kingdom

Nanoracks, LLC

Nevada

Optical Physics Company, Inc.

Nevada

Pioneer Invention, LLC

Colorado

Space Micro, Inc.

Delaware

Starlab Space, LLC

Delaware

The Launch Company, LLC

Alaska

Valley Tech Systems, Inc.

California

Voyager Energetics Inc

Colorado

Voyager Space Force, LLC

Delaware

Voyager Space Exploration, LLC

Delaware

Voyager Space IP Holdings, LLC

Delaware

Voyager Technology Holdings LLC

Delaware

Voyager Space IPX, LLC

Delaware

Voyager Space Science Park, LLC

Ohio

Voyager Space Services, LLC

Delaware

Voyager Technologies Europe

Italy

Voyager Ventures, LLC

Delaware

Voyager Workforce, LLC

Delaware

XO Airlock, LLC

Delaware

XO Markets Holdings, Inc.

Delaware

ZIN Aerospace, Inc.

Delaware

ZIN Technologies, Inc.

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

3 / 7

FAILReturn on assets positiveROA -10.0%
FAILOperating cash flow positiveOCF -61M
PASSReturn on assets improving-25.1% → -10.0%
PASSCash flow exceeds earningsOCF -61M vs NI -105M
FAILLong-term debt ratio fallingno debt reported
PASSCurrent ratio improving1.16 → 4.37
FAILNo share dilution13M → 40M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.58× → 0.16×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2023

$136.1M

−$25.4M

−$32.6M

—

12,753,325

FY2024

$144.2M

−$62.1M

−$108.2M

—

12,746,454

FY2025

$166.4M

−$104.8M

−$205.6M

—

40,213,015

Questions about Voyager Technologies, Inc./TX

How many subsidiaries does Voyager Technologies, Inc./TX file with the SEC?

29, listed in its most recent exhibit 21. They are incorporated across 10 jurisdictions, led by Colorado, Delaware, California. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Voyager Technologies, Inc./TX financially healthy?

Voyager Technologies, Inc./TX scores 3 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.