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NET LOSS PER COMMON SHARE | 6 Months Ended
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Jun. 30, 2026
Earnings Per Share [Abstract] |
NET LOSS PER COMMON SHARE | NET LOSS PER COMMON SHARE The following table includes the calculation of basic and diluted net loss per common share:
| Three Months Ended |  | Six Months Ended
(dollars in thousands, except share data) | June 30, 2026 |  | June 30, 2025 |  | June 30, 2026 |  | June 30, 2025
Numerator: |  |  |  |  |  |  |
Net loss attributable to Voyager Technologies, Inc. | $ | (46,490) |  |  | $ | (31,382) |  |  | $ | (90,473) |  |  | $ | (58,320) |
Accrued value of preferred stock dividends | — |  |  | 5,258 |  |  | — |  |  | 11,259 |
Net loss attributable to common shareholders | $ | (46,490) |  |  | $ | (36,640) |  |  | $ | (90,473) |  |  | $ | (69,579) |
Denominator: |  |  |  |  |  |  |
Weighted-average common shares outstanding, basic | 58,521,968 |  |  | 29,695,203 |  |  | 58,430,737 |  |  | 22,017,362 |
Weighted-average common shares outstanding, diluted | 58,521,968 |  |  | 29,695,203 |  |  | 58,430,737 |  |  | 22,017,362 |
Net loss per share: |  |  |  |  |  |  |
Basic | $ | (0.79) |  |  | $ | (1.23) |  |  | $ | (1.55) |  |  | $ | (3.16) |
Diluted | $ | (0.79) |  |  | $ | (1.23) |  |  | $ | (1.55) |  |  | $ | (3.16) |
The Company’s potentially dilutive securities, which include outstanding awards under the equity plans, have been excluded from the computation of diluted earnings per share as the effect would be anti-dilutive in a net loss position. The Company excluded the following potential common shares, presented based on amounts outstanding at each period end, from the computation of diluted net loss per share for the periods indicated:
(in shares of common stock) | June 30, 2026 |  | June 30, 2025
Equity Compensation Awards | 5,256,508 |  |  | 4,458,501 |
Warrants | 1,066,621 |  |  | 1,104,489 |
Total common stock equivalents | 6,323,129 |  |  | 5,562,990 |

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