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Side-by-side financial comparison of Voyager Technologies, Inc. (VOYG) and YORK WATER CO (YORW). Click either name above to swap in a different company.

Voyager Technologies, Inc. is the larger business by last-quarter revenue ($35.2M vs $19.4M, roughly 1.8× YORK WATER CO). YORK WATER CO runs the higher net margin — 26.7% vs -130.4%, a 157.1% gap on every dollar of revenue. On growth, YORK WATER CO posted the faster year-over-year revenue change (3.2% vs 2.1%).

The York Water Company is an investor-owned, public utility company based in York, Pennsylvania and operating throughout Pennsylvania. The company was founded in 1816 by a group of local businessmen concerned about fire protection.

VOYG vs YORW — Head-to-Head

Bigger by revenue
VOYG
VOYG
1.8× larger
VOYG
$35.2M
$19.4M
YORW
Growing faster (revenue YoY)
YORW
YORW
+1.0% gap
YORW
3.2%
2.1%
VOYG
Higher net margin
YORW
YORW
157.1% more per $
YORW
26.7%
-130.4%
VOYG

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
VOYG
VOYG
YORW
YORW
Revenue
$35.2M
$19.4M
Net Profit
$-45.9M
$5.2M
Gross Margin
-4.4%
Operating Margin
33.2%
Net Margin
-130.4%
26.7%
Revenue YoY
2.1%
3.2%
Net Profit YoY
-64.5%
0.5%
EPS (diluted)
$-0.75
$0.36

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
YORW
YORW
Q1 26
$35.2M
Q4 25
$46.7M
$19.4M
Q3 25
$39.6M
$20.2M
Q2 25
$45.7M
$19.1M
Q1 25
$18.3M
Q4 24
$18.8M
Q3 24
$19.6M
Q2 24
$18.6M
Net Profit
VOYG
VOYG
YORW
YORW
Q1 26
$-45.9M
Q4 25
$-33.0M
$5.2M
Q3 25
$-16.3M
$6.2M
Q2 25
$-31.4M
$5.1M
Q1 25
$3.6M
Q4 24
$5.1M
Q3 24
$5.9M
Q2 24
$5.0M
Gross Margin
VOYG
VOYG
YORW
YORW
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
YORW
YORW
Q1 26
Q4 25
33.2%
Q3 25
-60.7%
39.1%
Q2 25
-52.8%
37.1%
Q1 25
34.3%
Q4 24
35.8%
Q3 24
41.1%
Q2 24
37.9%
Net Margin
VOYG
VOYG
YORW
YORW
Q1 26
-130.4%
Q4 25
-70.7%
26.7%
Q3 25
-41.1%
30.6%
Q2 25
-68.7%
26.5%
Q1 25
19.8%
Q4 24
27.4%
Q3 24
29.9%
Q2 24
26.8%
EPS (diluted)
VOYG
VOYG
YORW
YORW
Q1 26
$-0.75
Q4 25
$-0.52
$0.36
Q3 25
$-0.28
$0.43
Q2 25
$-1.23
$0.35
Q1 25
$0.25
Q4 24
$0.36
Q3 24
$0.41
Q2 24
$0.35

Balance Sheet & Financial Strength

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

Metric
VOYG
VOYG
YORW
YORW
Cash + ST InvestmentsLiquidity on hand
$429.4M
$1.0K
Total DebtLower is stronger
Stockholders' EquityBook value
$404.5M
$240.3M
Total Assets
$1.0B
$680.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
VOYG
VOYG
YORW
YORW
Q1 26
$429.4M
Q4 25
$491.3M
$1.0K
Q3 25
$413.3M
$1.0K
Q2 25
$468.9M
$1.0K
Q1 25
$1.0K
Q4 24
$1.0K
Q3 24
$1.0K
Q2 24
$1.0K
Stockholders' Equity
VOYG
VOYG
YORW
YORW
Q1 26
$404.5M
Q4 25
$240.3M
Q3 25
$590.9M
$238.0M
Q2 25
$554.7M
$234.6M
Q1 25
$232.1M
Q4 24
$231.2M
Q3 24
$228.7M
Q2 24
$225.4M
Total Assets
VOYG
VOYG
YORW
YORW
Q1 26
$1.0B
Q4 25
$680.9M
Q3 25
$727.8M
$667.1M
Q2 25
$685.3M
$653.7M
Q1 25
$641.8M
Q4 24
$633.5M
Q3 24
$621.4M
Q2 24
$610.4M

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
YORW
YORW
Operating Cash FlowLast quarter
$-39.7M
$8.4M
Free Cash FlowOCF − Capex
$-66.8M
FCF MarginFCF / Revenue
-189.5%
Capex IntensityCapex / Revenue
Cash ConversionOCF / Net Profit
1.63×
TTM Free Cash FlowTrailing 4 quarters
$-263.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
VOYG
VOYG
YORW
YORW
Q1 26
$-39.7M
Q4 25
$-60.9M
$8.4M
Q3 25
$-15.1M
$7.8M
Q2 25
$-30.9M
$7.6M
Q1 25
$6.0M
Q4 24
$10.2M
Q3 24
$7.5M
Q2 24
$6.7M
Free Cash Flow
VOYG
VOYG
YORW
YORW
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
YORW
YORW
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
YORW
YORW
Q1 26
Q4 25
Q3 25
97.8%
Q2 25
126.7%
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
VOYG
VOYG
YORW
YORW
Q1 26
Q4 25
1.63×
Q3 25
1.26×
Q2 25
1.50×
Q1 25
1.65×
Q4 24
1.98×
Q3 24
1.29×
Q2 24
1.34×

Financial Flow Comparison

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

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