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✓ VerifiedVoyager recast its FY2023-2025 audited financials to reflect combining its Defense and National Security and Space Solutions segments into a single Defense and Space Technologies segment, leaving two reportable segments.
Filed Aug 14, 2026 · 16:07 ET
Summary
- Voyager combined its Defense and National Security and Space Solutions segments into one Defense and Space Technologies segment effective the quarter ended March 31, 2026, leaving two reportable segments: Defense and Space Technologies and Starlab Space Stations.
- Exhibit 99.1 recasts audited financial information for each of the three years ended December 31, 2025 and does not amend or restate the consolidated financial statements in the 2025 Form 10-K.
- Revenue grew to $166.4 million for the year ended December 31, 2025 from $144.2 million for the year ended December 31, 2024.
- The company received $183.2 million in cumulative cash proceeds under its $217.5 million NASA development grant to design Starlab, with $34.3 million remaining as of December 31, 2025.
- Total backlog as of December 31, 2025 was $265.6 million, of which $146.1 million was funded, and approximately 86.3% of funded backlog related to the U.S. government.
- As of December 31, 2025 the company employed approximately 800 employees across 14 locations and held a 61.9% ownership interest in Starlab JV.
Key facts
- Segment change
- single Defense and Space Technologies segment
From the filing for Segment change
“the Company combined its Defense and National Security and Space Solutions segments into a single Defense and Space Technologies segment”
- Reportable segments
- two reportable segments
From the filing for Reportable segments
“Following this segment combination, the Company has two reportable segments: (i) Defense and Space Technologies and (ii) Starlab Space Stations.”
- FY2025 revenue
- $166.4 million
From the filing for FY2025 revenue
“have grown our revenue to $166.4 million for the year ended December 31, 2025”
- FY2024 revenue
- $144.2 million
From the filing for FY2024 revenue
“have grown our revenue to $144.2 million from the year ended December 31, 2024 to $166.4 million in the year ended December 31, 2025”
- NASA grant
- $183.2 million of $217.5 million
From the filing for NASA grant
“We have also received $183.2 million in cumulative cash proceeds under our $217.5 million NASA development grant to design Starlab”
- Total backlog
- $265.6 million
From the filing for Total backlog
“Total backlog as of December 31, 2025 was $265.6 million, of which $146.1 million was funded.”
- Starlab ownership
- 61.9%
From the filing for Starlab ownership
“As of December 31, 2025, we had an ownership interest of 61.9% in Starlab JV.”
- Employees
- approximately 800 employees across 14 locations
From the filing for Employees
“As of December 31, 2025, we employed approximately 800 employees across 14 locations.”
Why it mattersThe recast conforms historical segment reporting to the combined Defense and Space Technologies structure, changing how Voyager's prior-year results are presented for comparison. The underlying audited totals are unchanged.
- Filed
- Aug 14, 2026
- Accepted
- 2026-08-14 20:07Z
- Period
- Aug 14, 2026
- Accession no.
- 0001628280-26-057100
- Size
- 2.2 MB
- Index
- Filing index