| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Loss on debt extinguishment | - | -7,804 |
| Net loss | -79,330 | -60,994 |
| Depreciation and amortization | 8,440 | 5,310 |
| Impairment losses | 0 | - |
| Stock-based compensation | 15,390 | 13,270 |
| Amortization of operating lease right-of-use assets | 1,795 | 1,352 |
| Loss on debt extinguishment | 7,804 | - |
| Amortization of debt issuance costs and other non-cash interest expense | 2,300 | 2,300 |
| Reduction in fair value of earnout | 0 | 0 |
| Deferred taxes | -1,552 | 89 |
| Non-cash services acquired | -11,124 | -10,619 |
| Other | -446 | -76 |
| Accounts receivable | 113 | -2,714 |
| Prepaid expenses and other current assets | 4,810 | 2,666 |
| Contract assets | 4,507 | 2,521 |
| Inventories | 193 | -102 |
| Other assets | 374 | 936 |
| Accounts payable | 3,488 | 3,060 |
| Contract liabilities | -14,585 | -12,559 |
| Accrued expenses | 10,522 | 3,812 |
| Operating lease liabilities | -1,597 | -1,522 |
| Other liabilities | -212 | -213 |
| Net cash used in operating activities | -45,964 | -30,903 |
| Purchases of property and equipment | 96,562 | 57,865 |
| Grant funding for property and equipment | 41,850 | 38,250 |
| Acquisitions, net of cash acquired | 32,597 | 6,572 |
| Purchase of investment | 2,500 | - |
| Net cash used in investing activities | -89,809 | -26,187 |
| Proceeds from term loan, net | 0 | 0 |
| Repayment of term loan | 64,420 | 64,420 |
| Borrowings from the credit facility | 64,500 | 64,500 |
| Repayments on the credit facility | 64,500 | 64,500 |
| Proceeds from the issuance of common stock, net | 45,886 | 45,886 |
| Proceeds from the issuance of class c preferred stock, net | 116,047 | 116,047 |
| Proceeds from the issuance of class a common stock upon initial public offering, net of underwriting costs | 409,405 | 409,405 |
| Costs associated with initial public offering | 8,133 | 3,502 |
| Sale of noncontrolling interest | 37,767 | 6,029 |
| Redemptions of redeemable noncontrolling interests | 0 | - |
| Purchase of noncontrolling interest | 10,600 | 7,001 |
| Redemptions of class a-1 redeemable preferred stock | 3,044 | 3,044 |
| Cash repayment of preferred b dividends | 27,584 | 27,584 |
| Costs associated with the credit facility | 2,593 | 2,146 |
| Proceeds from the exercise of stock options | - | 155 |
| Proceeds from the convertible note | 0 | 130 |
| Other | 307 | 0 |
| Net cash provided by financing activities | 493,038 | 469,955 |
| Effect of foreign exchange on cash and cash equivalents | 125 | 130 |
| Net increase in cash and cash equivalents | 357,390 | 412,995 |
| Cash and cash equivalents at beginning of period | 55,930 | - |
| Cash and cash equivalents at end of period | 413,320 | - |
Voyager Technologies, Inc. DE (VOYG)
Voyager Technologies, Inc. DE (VOYG)