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Side-by-side financial comparison of Voyager Technologies, Inc. (VOYG) and Vitesse Energy, Inc. (VTS). Click either name above to swap in a different company.

Vitesse Energy, Inc. is the larger business by last-quarter revenue ($58.6M vs $35.2M, roughly 1.7× Voyager Technologies, Inc.). Vitesse Energy, Inc. runs the higher net margin — -1.3% vs -130.4%, a 129.1% gap on every dollar of revenue. On growth, Vitesse Energy, Inc. posted the faster year-over-year revenue change (4.8% vs 2.1%).

Vitesse Energy, Inc. is a U.S.-headquartered independent energy company focused on exploration, development, and production of oil and natural gas assets. It operates primarily in high-potential onshore basins including North Dakota's Williston Basin, serving domestic and global upstream energy market demand.

VOYG vs VTS — Head-to-Head

Bigger by revenue
VTS
VTS
1.7× larger
VTS
$58.6M
$35.2M
VOYG
Growing faster (revenue YoY)
VTS
VTS
+2.7% gap
VTS
4.8%
2.1%
VOYG
Higher net margin
VTS
VTS
129.1% more per $
VTS
-1.3%
-130.4%
VOYG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
VOYG
VOYG
VTS
VTS
Revenue
$35.2M
$58.6M
Net Profit
$-45.9M
$-739.0K
Gross Margin
-4.4%
Operating Margin
-12.0%
Net Margin
-130.4%
-1.3%
Revenue YoY
2.1%
4.8%
Net Profit YoY
-64.5%
85.6%
EPS (diluted)
$-0.75
$-0.01

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
VOYG
VOYG
VTS
VTS
Q1 26
$35.2M
Q4 25
$46.7M
$58.6M
Q3 25
$39.6M
$67.4M
Q2 25
$45.7M
$81.8M
Q1 25
$66.2M
Q4 24
$55.9M
Q3 24
$58.3M
Q2 24
$66.6M
Net Profit
VOYG
VOYG
VTS
VTS
Q1 26
$-45.9M
Q4 25
$-33.0M
$-739.0K
Q3 25
$-16.3M
$-1.3M
Q2 25
$-31.4M
$24.7M
Q1 25
$2.7M
Q4 24
$-5.1M
Q3 24
$17.4M
Q2 24
$10.9M
Gross Margin
VOYG
VOYG
VTS
VTS
Q1 26
-4.4%
Q4 25
21.4%
Q3 25
15.4%
Q2 25
18.0%
Q1 25
Q4 24
Q3 24
Q2 24
Operating Margin
VOYG
VOYG
VTS
VTS
Q1 26
Q4 25
-12.0%
Q3 25
-60.7%
0.2%
Q2 25
-52.8%
22.8%
Q1 25
8.1%
Q4 24
3.7%
Q3 24
15.4%
Q2 24
25.2%
Net Margin
VOYG
VOYG
VTS
VTS
Q1 26
-130.4%
Q4 25
-70.7%
-1.3%
Q3 25
-41.1%
-1.9%
Q2 25
-68.7%
30.2%
Q1 25
4.0%
Q4 24
-9.2%
Q3 24
29.9%
Q2 24
16.4%
EPS (diluted)
VOYG
VOYG
VTS
VTS
Q1 26
$-0.75
Q4 25
$-0.52
$-0.01
Q3 25
$-0.28
$-0.03
Q2 25
$-1.23
$0.60
Q1 25
$0.08
Q4 24
$-0.15
Q3 24
$0.53
Q2 24
$0.33

Balance Sheet & Financial Strength

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

Metric
VOYG
VOYG
VTS
VTS
Cash + ST InvestmentsLiquidity on hand
$429.4M
Total DebtLower is stronger
Stockholders' EquityBook value
$404.5M
$629.3M
Total Assets
$1.0B
$893.4M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VOYG
VOYG
VTS
VTS
Q1 26
$429.4M
Q4 25
$491.3M
Q3 25
$413.3M
Q2 25
$468.9M
Q1 25
$4.5M
Q4 24
$3.0M
Q3 24
Q2 24
Stockholders' Equity
VOYG
VOYG
VTS
VTS
Q1 26
$404.5M
Q4 25
$629.3M
Q3 25
$590.9M
$650.3M
Q2 25
$554.7M
$671.9M
Q1 25
$667.7M
Q4 24
$500.3M
Q3 24
$520.4M
Q2 24
$518.5M
Total Assets
VOYG
VOYG
VTS
VTS
Q1 26
$1.0B
Q4 25
$893.4M
Q3 25
$727.8M
$932.9M
Q2 25
$685.3M
$951.5M
Q1 25
$975.2M
Q4 24
$810.9M
Q3 24
$791.2M
Q2 24
$778.4M

Cash Flow & Capital Efficiency

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

Metric
VOYG
VOYG
VTS
VTS
Operating Cash FlowLast quarter
$-39.7M
$37.4M
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.

Operating Cash Flow
VOYG
VOYG
VTS
VTS
Q1 26
$-39.7M
Q4 25
$-60.9M
$37.4M
Q3 25
$-15.1M
$49.4M
Q2 25
$-30.9M
$66.0M
Q1 25
$17.5M
Q4 24
$34.7M
Q3 24
$45.7M
Q2 24
$35.2M
Free Cash Flow
VOYG
VOYG
VTS
VTS
Q1 26
$-66.8M
Q4 25
$-54.5M
Q3 25
$-53.8M
Q2 25
$-88.8M
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
VOYG
VOYG
VTS
VTS
Q1 26
-189.5%
Q4 25
-116.9%
Q3 25
-135.8%
Q2 25
-194.4%
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
VOYG
VOYG
VTS
VTS
Q1 26
Q4 25
Q3 25
97.8%
Q2 25
126.7%
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
VOYG
VOYG
VTS
VTS
Q1 26
Q4 25
Q3 25
Q2 25
2.68×
Q1 25
6.56×
Q4 24
Q3 24
2.62×
Q2 24
3.22×

Financial Flow Comparison

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

Revenue Breakdown by Segment

VOYG
VOYG

Segment breakdown not available.

VTS
VTS

Oil Reserves$54.5M93%
Natural Gas Reserves$4.2M7%

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