v3.25.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Income Statement [Abstract]      
Net sales $ 166,419,000 $ 144,180,000 $ 136,062,000
Cost of sales 136,544,000 109,265,000 108,277,000
Selling, general, and administrative 117,085,000 62,570,000 54,043,000
Research and development 12,753,000 7,611,000 (18,542,000)
Impairment losses 0 3,594,000 0
Amortization of acquired intangibles 8,535,000 9,582,000 6,457,000
Loss from operations (108,498,000) (48,442,000) (14,173,000)
Other income (expense):      
Change in fair value of embedded derivatives 0 387,000 0
Loss on debt extinguishment (7,804,000) (9,392,000) (1,287,000)
Finance and interest expense, net (6,821,000) (12,016,000) (10,590,000)
Other income, net 10,351,000 2,127,000 1,193,000
Loss before income taxes (112,772,000) (67,336,000) (24,857,000)
Income tax (benefit) expense (440,000) (1,708,000) 341,000
Net loss (112,332,000) (65,628,000) (25,198,000)
Net loss attributable to noncontrolling interests (7,518,000) (3,556,000) 240,000
Net loss attributable to Voyager Technologies, Inc. (104,814,000) (62,072,000) (25,438,000)
Less: dividends accrued on preferred stock 11,258,000 21,816,000 17,840,000
Net loss available to common shareholders $ (116,072,000) $ (83,888,000) $ (43,278,000)
Net loss per common share:      
Basic (in dollars per share) $ (2.89) $ (6.59) $ (3.50)
Diluted (in dollars per share) $ (2.89) $ (7.01) $ (3.65)
Weighted-average shares outstanding:      
Basic (in shares) 40,213,015 12,736,454 12,361,684
Diluted (in shares) 40,213,015 12,746,454 12,753,325