Voyager (VOYG) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Tue, March 10, 2026 astatine 9:47 AM CDT 48 min read

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Tuesday, Mar. 10, 2026 astatine 9 a.m. ET

• Chief Executive Officer — Dylan Taylor

• Chief Financial Officer — Filipe de Sousa

• Chief Strategy Officer — Adi Padva

Dylan Taylor: Thank you, Adi, and bully morning, everyone. 2025 was a fantastic twelvemonth for Voyager Technologies, Inc., which was founded conscionable six years ago. 2025 was the archetypal twelvemonth we operated arsenic a nationalist company, moving from gathering the level to rapidly scaling it, and we are present good positioned to accelerate and industrialize our maturation successful 2026. In fact, based upon a grounds backlog, we are importantly raising our gross guidance for the year, and we volition supply much specifics connected that rise successful a moment. For the sixth consecutive year, we delivered growth. Our Defense and National Security conception grew significantly, up 59% twelvemonth implicit year, driven by execution connected Next Generation Interceptor, and different classified programs.

Our backlog accrued 33% twelvemonth implicit year, entering 2026 with $266,000,000 to enactment our accelerating growth. During 2025, we raised implicit $1,000,000,000, including and executing connected a palmy IPO and issuing a follow-on convertible note, each strengthening our liquidity to money innovation and strategical maturation initiatives. We completed and integrated respective acquisitions, expanding our capabilities to conscionable increasing lawsuit demand, which we expect to stay beardown successful today's geopolitical environment. These expanded capabilities are enabling america to beforehand respective of our cardinal initiatives, including Golden Dome. We established our orbital information halfway capabilities, launching the archetypal space-hardened managed unreality infrastructure to the International Space Station.

We enhanced our rocket defence capabilities with integrated optical exertion for Next Generation Interceptor and cutting-edge electrical propulsion. We are enhancing abstraction situational consciousness with AI-enabled automated people designation and quality analytics for space-based radar systems. Later successful my remarks, I volition supply much details connected ESPYS Energetics, a important maturation accidental for the company. Innovation is cardinal to our strategy. Given the ample accidental acceptable successful beforehand of us, we accrued our innovation walk successful 2025, which includes lawsuit and internally funded R&D, to implicit 20% of revenue.

Examples of the outcomes of our efforts see palmy captious plan reappraisal of our throttable propulsion for NGI; caller products specified arsenic AI-enabled borderline computing; patented extraterrestrial manufacturing method for high-performance optical communications; and patented dust-repellent coating exertion that landed connected the satellite aboard Firefly's Blue Ghost lander. We expect to accelerate our innovation walk going guardant to fortify our competitory moats and capitalize connected our increasing addressable markets. We are besides expanding our innovation ecosystem done strategical partnerships. During the year, we formed caller partnerships.