Voyager Technologies, Inc./TX
For the period ended Sep 30, 2026. Filed Nov 3, 2026.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2026 · Filed Nov 3, 2026
VOYG$29.02+4.0%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Cash Flows
| Nine Months Ended | ||
|---|---|---|
| (Unaudited, in thousands) | September 30, 2026 | September 30, 2025 |
| Cash Flows from Operating Activities: | ||
| Net loss | $(153,063) | $(79,330) |
| Adjustments to reconcile net loss to net cash used in operating activities: | ||
| Depreciation and amortization | 23,248 | 8,440 |
| Stock-based compensation | 12,877 | 15,390 |
| Amortization of operating lease right-of-use assets | 4,871 | 1,795 |
| Loss on debt extinguishment | — | 7,804 |
| Amortization of debt issuance costs and other non-cash interest expense | 3,644 | 2,300 |
| Deferred taxes | (2,895) | (1,552) |
| Non-cash services acquired | 9,000 | 11,124 |
| Other | 889 | 446 |
| Change in operating assets and liabilities, net of acquisitions: | ||
| Accounts receivable | (9,450) | (113) |
| Prepaid expenses and other current assets | (11,600) | (4,810) |
| Contract assets | (10,578) | (4,507) |
| Inventories | (9,414) | (193) |
| Other assets | 5,608 | (374) |
| Accounts payable | 4,775 | 3,488 |
| Contract liabilities | 18,836 | (14,585) |
| Accrued expenses | 3,928 | 10,522 |
| Operating lease liabilities | (2,118) | (1,597) |
| Other liabilities | (2,289) | (212) |
| Net cash used in operating activities | $(113,731) | $(45,964) |
| Cash Flows from Investing Activities: | ||
| Purchases of property and equipment | (114,839) | (96,562) |
| Grant funding for property and equipment | 41,196 | 41,850 |
| Acquisitions, net of cash acquired | (121,596) | (32,597) |
| Purchase of investment | — | (2,500) |
| Acquisition working capital settlement | — | — |
| Net cash used in investing activities | $(195,239) | $(89,809) |
| Cash Flows from Financing Activities: | ||
| Repayment of term loan | — | (64,420) |
| Borrowings from the credit facility | — | 64,500 |
| Repayments on the credit facility | — | (64,500) |
| Proceeds from the exercise of stock options | 10,300 | 155 |
| Proceeds from the issuance of Common stock, net | — | 45,886 |
| Proceeds from the issuance of Class C preferred stock, net | — | 116,047 |
| Proceeds from the issuance of Class A common stock upon IPO, net of underwriting costs | — | 409,405 |
| Costs associated with initial public offering | — | (8,133) |
| Sale of noncontrolling interest | 21,078 | 37,767 |
| Purchase of noncontrolling interest | — | (10,600) |
| Redemptions of Class A-1 redeemable preferred stock | — | (3,044) |
| Cash repayment of Preferred B dividends | — | (27,584) |
| Costs associated with the credit facility | — | (2,593) |
| Proceeds from convertible notes | 402,500 | 130 |
| Payments for debt issuance costs related to convertible notes | (10,063) | — |
| Purchase of capped call option | (52,526) | — |
| Other | — | 22 |
| Net cash provided by financing activities | $371,289 | $493,038 |
| Effect of foreign exchange on cash and cash equivalents | $(35) | $125 |
| Net increase in cash and cash equivalents | 62,284 | 357,390 |
| Cash and cash equivalents at the beginning of the period | 491,329 | 55,930 |
| Cash and cash equivalents at the end of the period | $553,613 | $413,320 |
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