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Side-by-side financial comparison of Seaport Entertainment Group Inc. (SEG) and Voyager Technologies, Inc. (VOYG). Click either name above to swap in a different company.
Voyager Technologies, Inc. is the larger business by last-quarter revenue ($35.2M vs $29.5M, roughly 1.2× Seaport Entertainment Group Inc.). Seaport Entertainment Group Inc. runs the higher net margin — -125.0% vs -130.4%, a 5.3% gap on every dollar of revenue.
SEG vs VOYG — Head-to-Head
Income Statement — Q4 FY2025 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $29.5M | $35.2M |
| Net Profit | $-36.9M | $-45.9M |
| Gross Margin | — | -4.4% |
| Operating Margin | -120.5% | — |
| Net Margin | -125.0% | -130.4% |
| Revenue YoY | — | 2.1% |
| Net Profit YoY | — | -64.5% |
| EPS (diluted) | $-2.90 | $-0.75 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $35.2M | ||
| Q4 25 | $29.5M | $46.7M | ||
| Q3 25 | $45.0M | $39.6M | ||
| Q2 25 | $39.8M | $45.7M | ||
| Q1 25 | $16.1M | — | ||
| Q3 24 | $39.4M | — | ||
| Q2 24 | $33.7M | — |
| Q1 26 | — | $-45.9M | ||
| Q4 25 | $-36.9M | $-33.0M | ||
| Q3 25 | $-33.2M | $-16.3M | ||
| Q2 25 | $-14.8M | $-31.4M | ||
| Q1 25 | $-31.9M | — | ||
| Q3 24 | $-32.5M | — | ||
| Q2 24 | $-35.0M | — |
| Q1 26 | — | -4.4% | ||
| Q4 25 | — | 21.4% | ||
| Q3 25 | — | 15.4% | ||
| Q2 25 | — | 18.0% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | -120.5% | — | ||
| Q3 25 | -75.2% | -60.7% | ||
| Q2 25 | -40.2% | -52.8% | ||
| Q1 25 | -203.5% | — | ||
| Q3 24 | -51.0% | — | ||
| Q2 24 | -75.3% | — |
| Q1 26 | — | -130.4% | ||
| Q4 25 | -125.0% | -70.7% | ||
| Q3 25 | -73.7% | -41.1% | ||
| Q2 25 | -37.1% | -68.7% | ||
| Q1 25 | -198.4% | — | ||
| Q3 24 | -82.5% | — | ||
| Q2 24 | -103.9% | — |
| Q1 26 | — | $-0.75 | ||
| Q4 25 | $-2.90 | $-0.52 | ||
| Q3 25 | $-2.61 | $-0.28 | ||
| Q2 25 | $-1.16 | $-1.23 | ||
| Q1 25 | $-2.51 | — | ||
| Q3 24 | $-5.89 | — | ||
| Q2 24 | $-6.34 | — |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $77.8M | $429.4M |
| Total DebtLower is stronger | $38.3M | — |
| Stockholders' EquityBook value | $456.5M | $404.5M |
| Total Assets | $650.1M | $1.0B |
| Debt / EquityLower = less leverage | 0.08× | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $429.4M | ||
| Q4 25 | $77.8M | $491.3M | ||
| Q3 25 | $106.2M | $413.3M | ||
| Q2 25 | $123.3M | $468.9M | ||
| Q1 25 | $129.9M | — | ||
| Q3 24 | $23.7M | — | ||
| Q2 24 | $3.3M | — |
| Q1 26 | — | — | ||
| Q4 25 | $38.3M | — | ||
| Q3 25 | $39.3M | — | ||
| Q2 25 | $100.6M | — | ||
| Q1 25 | $101.6M | — | ||
| Q3 24 | $103.3M | — | ||
| Q2 24 | $157.1M | — |
| Q1 26 | — | $404.5M | ||
| Q4 25 | $456.5M | — | ||
| Q3 25 | $485.8M | $590.9M | ||
| Q2 25 | $517.9M | $554.7M | ||
| Q1 25 | $531.2M | — | ||
| Q3 24 | $433.8M | — | ||
| Q2 24 | $380.7M | — |
| Q1 26 | — | $1.0B | ||
| Q4 25 | $650.1M | — | ||
| Q3 25 | $699.1M | $727.8M | ||
| Q2 25 | $717.2M | $685.3M | ||
| Q1 25 | $718.4M | — | ||
| Q3 24 | $622.8M | — | ||
| Q2 24 | $610.1M | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.08× | — | ||
| Q3 25 | 0.08× | — | ||
| Q2 25 | 0.19× | — | ||
| Q1 25 | 0.19× | — | ||
| Q3 24 | 0.24× | — | ||
| Q2 24 | 0.41× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-23.1M | $-39.7M |
| Free Cash FlowOCF − Capex | — | $-66.8M |
| FCF MarginFCF / Revenue | — | -189.5% |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-263.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $-39.7M | ||
| Q4 25 | $-23.1M | $-60.9M | ||
| Q3 25 | $-5.3M | $-15.1M | ||
| Q2 25 | $-754.0K | $-30.9M | ||
| Q1 25 | $-20.5M | — | ||
| Q3 24 | $-8.8M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | $-66.8M | ||
| Q4 25 | — | $-54.5M | ||
| Q3 25 | — | $-53.8M | ||
| Q2 25 | — | $-88.8M | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | -189.5% | ||
| Q4 25 | — | -116.9% | ||
| Q3 25 | — | -135.8% | ||
| Q2 25 | — | -194.4% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | 97.8% | ||
| Q2 25 | — | 126.7% | ||
| Q1 25 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
SEG
| Sponsorships Events And Entertainment | $12.5M | 43% |
| Hospitality | $12.2M | 41% |
| Rental | $4.1M | 14% |
| Other | $631.0K | 2% |
VOYG
Segment breakdown not available.
