Is Voyager Technologies, Inc./DE (VOYG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 6.2% / 30% | 3.5% / 30% | 2.1% / 30% | 7.26% / 5% | ✗ NOT HALAL |
| DJIM | 6.2% / 33% | 3.5% / 33% | 2.1% / 33% | 7.26% / 5% | ✗ NOT HALAL |
| MSCI | 39.7% / 33% | 22.6% / 33% | 13.2% / 33% | 7.26% / 5% | ✗ NOT HALAL |
| S&P | 6.2% / 33% | 3.5% / 33% | 2.1% / 33% | 7.26% / 5% | ✗ NOT HALAL |
| FTSE | 39.7% / 33% | 22.6% / 33% | 13.2% / 50% | 7.26% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 18.0% | |
| Operating Margin | -65.4% | |
| Net Margin | -63.0% | |
| Return on Equity (ROE) | -56.7% | |
| Return on Assets (ROA) | -10.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$61M |
| Free Cash Flow | -$206M |
| Total Debt | $467M |
| Debt-to-Equity | 108.7 |
| Current Ratio | 4.4 |
| Total Assets | $1.1B |
Price & Trading
| Last Close | $23.82 |
| 50-Day MA | $28.59 |
| 200-Day MA | $31.38 |
| Avg Volume | 1.6M |
|
52-Week Range
$17.41
| |
About Voyager Technologies, Inc./DE (VOYG)
Voyager Technologies, Inc. operates as a defense technology and space solutions company in the United States, Europe, the Middle East, and internationally. It operates through three segments: Defense & National Security, Space Solutions, and Starlab Space Stations. The Defense & National Security segment provides defense systems, including solid propulsion subsystems; signal intelligence systems; space-qualified radiation-hardened laser and radio frequency (RF) communications systems and advanced electro-optical and digital systems comprising transceivers, mission-data transmitters, and command and data handling systems; guidance, navigation, and control systems that include sun sensors, star trackers, and inertial measurement units; artificial intelligence-powered edge computing products; and space maneuver. Its Space Solutions segment offers advanced space technology systems, such as in-space propulsion systems with applications for orbital servicing, manufacturing, and deep space exploration; space infrastructure, including the Bishop Airlock, a module attached to the ISS that enables movement of equipment, supplies, and payloads between the ISS and open space; and space science and mission management services, such as the Space Acceleration Measurement System (SAMS) on the ISS. The Starlab Space Stations segment operates a commercial space station and provides continued permanent human presence in space. It serves defense, national security, and space industries. The company was formerly known as Voyager Space Holdings, Inc. and changed its name to Voyager Technologies, Inc. in February 2025. Voyager Technologies, Inc. was incorporated in 2019 and is headquartered in Denver, Colorado.
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Frequently Asked Questions
Is Voyager Technologies, Inc./DE (VOYG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Voyager Technologies, Inc./DE is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Voyager Technologies, Inc./DE's debt ratio?
Voyager Technologies, Inc./DE's debt ratio is 6.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 39.7%.
What are Voyager Technologies, Inc./DE's key financial metrics?
Voyager Technologies, Inc./DE has a market capitalization of $1.3B, and revenue of $166M. The company maintains a gross margin of 18.0% and a net margin of -63.0%. Return on equity stands at -56.7%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.