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Side-by-side financial comparison of Strawberry Fields REIT, Inc. (STRW) and Voyager Technologies, Inc. (VOYG). Click either name above to swap in a different company.

Strawberry Fields REIT, Inc. is the larger business by last-quarter revenue ($40.1M vs $39.6M, roughly 1.0× Voyager Technologies, Inc.). Strawberry Fields REIT, Inc. runs the higher net margin — 5.0% vs -41.1%, a 46.1% gap on every dollar of revenue.

Strawberry Fields REIT, Inc. is a real estate investment trust focused on healthcare-related real estate assets. It owns, operates and manages skilled nursing facilities, senior living communities, and medical office buildings, primarily serving markets across the United States for healthcare providers and elderly care operators.

STRW vs VOYG — Head-to-Head

Bigger by revenue
STRW
STRW
1.0× larger
STRW
$40.1M
$39.6M
VOYG
Higher net margin
STRW
STRW
46.1% more per $
STRW
5.0%
-41.1%
VOYG

Income Statement — Q4 FY2025 vs Q3 FY2025

Metric
STRW
STRW
VOYG
VOYG
Revenue
$40.1M
$39.6M
Net Profit
$2.0M
$-16.3M
Gross Margin
15.4%
Operating Margin
52.4%
-60.7%
Net Margin
5.0%
-41.1%
Revenue YoY
31.5%
Net Profit YoY
37.6%
EPS (diluted)
$0.15
$-0.28

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.

Revenue
STRW
STRW
VOYG
VOYG
Q4 25
$40.1M
Q3 25
$39.7M
$39.6M
Q2 25
$37.9M
$45.7M
Q1 25
$37.3M
Q4 24
$30.5M
Q3 24
$29.5M
Q2 24
$29.3M
Q1 24
$27.8M
Net Profit
STRW
STRW
VOYG
VOYG
Q4 25
$2.0M
Q3 25
$2.0M
$-16.3M
Q2 25
$2.0M
$-31.4M
Q1 25
$1.6M
Q4 24
$1.5M
Q3 24
$944.0K
Q2 24
$938.0K
Q1 24
$746.0K
Gross Margin
STRW
STRW
VOYG
VOYG
Q4 25
Q3 25
15.4%
Q2 25
18.0%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Operating Margin
STRW
STRW
VOYG
VOYG
Q4 25
52.4%
Q3 25
56.6%
-60.7%
Q2 25
54.5%
-52.8%
Q1 25
54.1%
Q4 24
51.5%
Q3 24
54.4%
Q2 24
52.3%
Q1 24
51.3%
Net Margin
STRW
STRW
VOYG
VOYG
Q4 25
5.0%
Q3 25
5.1%
-41.1%
Q2 25
5.2%
-68.7%
Q1 25
4.2%
Q4 24
4.8%
Q3 24
3.2%
Q2 24
3.2%
Q1 24
2.7%
EPS (diluted)
STRW
STRW
VOYG
VOYG
Q4 25
$0.15
Q3 25
$0.16
$-0.28
Q2 25
$0.16
$-1.23
Q1 25
$0.13
Q4 24
$0.17
Q3 24
$0.14
Q2 24
$0.14
Q1 24
$0.12

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
STRW
STRW
VOYG
VOYG
Cash + ST InvestmentsLiquidity on hand
$31.8M
$413.3M
Total DebtLower is stronger
$794.7M
Stockholders' EquityBook value
$12.1M
$590.9M
Total Assets
$885.2M
$727.8M
Debt / EquityLower = less leverage
65.64×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
STRW
STRW
VOYG
VOYG
Q4 25
$31.8M
Q3 25
$19.8M
$413.3M
Q2 25
$96.3M
$468.9M
Q1 25
$42.3M
Q4 24
$48.4M
Q3 24
$29.3M
Q2 24
$16.1M
Q1 24
$15.1M
Total Debt
STRW
STRW
VOYG
VOYG
Q4 25
$794.7M
Q3 25
$779.4M
Q2 25
$794.1M
Q1 25
$715.5M
Q4 24
$673.9M
Q3 24
$584.5M
Q2 24
$555.0M
Q1 24
$560.4M
Stockholders' Equity
STRW
STRW
VOYG
VOYG
Q4 25
$12.1M
Q3 25
$14.2M
$590.9M
Q2 25
$15.5M
$554.7M
Q1 25
$19.6M
Q4 24
$18.2M
Q3 24
$12.6M
Q2 24
$7.4M
Q1 24
$7.5M
Total Assets
STRW
STRW
VOYG
VOYG
Q4 25
$885.2M
Q3 25
$880.6M
$727.8M
Q2 25
$897.3M
$685.3M
Q1 25
$834.8M
Q4 24
$787.6M
Q3 24
$661.5M
Q2 24
$635.9M
Q1 24
$634.9M
Debt / Equity
STRW
STRW
VOYG
VOYG
Q4 25
65.64×
Q3 25
54.70×
Q2 25
51.26×
Q1 25
36.47×
Q4 24
37.09×
Q3 24
46.34×
Q2 24
74.61×
Q1 24
74.81×

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
STRW
STRW
VOYG
VOYG
Operating Cash FlowLast quarter
$90.0M
$-15.1M
Free Cash FlowOCF − Capex
$-53.8M
FCF MarginFCF / Revenue
-135.8%
Capex IntensityCapex / Revenue
97.8%
Cash ConversionOCF / Net Profit
44.62×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
STRW
STRW
VOYG
VOYG
Q4 25
$90.0M
Q3 25
$20.7M
$-15.1M
Q2 25
$29.8M
$-30.9M
Q1 25
$19.0M
Q4 24
$59.3M
Q3 24
$11.8M
Q2 24
$20.6M
Q1 24
$2.1M
Free Cash Flow
STRW
STRW
VOYG
VOYG
Q4 25
Q3 25
$-53.8M
Q2 25
$-88.8M
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
FCF Margin
STRW
STRW
VOYG
VOYG
Q4 25
Q3 25
-135.8%
Q2 25
-194.4%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Capex Intensity
STRW
STRW
VOYG
VOYG
Q4 25
Q3 25
97.8%
Q2 25
126.7%
Q1 25
Q4 24
Q3 24
Q2 24
Q1 24
Cash Conversion
STRW
STRW
VOYG
VOYG
Q4 25
44.62×
Q3 25
10.26×
Q2 25
15.24×
Q1 25
11.97×
Q4 24
40.44×
Q3 24
12.53×
Q2 24
21.93×
Q1 24
2.85×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

Revenue Breakdown by Segment

STRW
STRW

Segment breakdown not available.

VOYG
VOYG

US Government$26.9M68%
Space Solutions$11.7M30%
Other$1.0M3%

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