CoverageForm 410-K10-Q8-K13D13G13F

VYGR · Voyager Therapeutics, Inc. - Financials

Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.

Price · VYGR

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$40.37M$80.00M$250.01M$40.91M$37.41M$171.13M
Cost of Revenue------
Gross Profit------
R&D$134.67M$127.37M$92.17M$60.76M$73.79M$108.75M
SG&A$37.54M$35.92M$35.82M$30.98M$37.25M$34.99M
Total Operating Expenses$172.22M$163.29M$127.99M$91.74M$111.03M$143.74M
D&A$4.06M$4.73M$4.44M$6.19M$5.17M$3.82M
Operating Income($131.84M)($83.29M)$122.01M($50.84M)($73.62M)$27.38M
Interest Expense------
Income Tax$144.0K$665.0K$1.41M$16.0K--
Net Income($119.72M)($65.00M)$132.33M($46.41M)($71.20M)$36.74M
EPS - Basic($2.04)($1.13)$3.08($1.21)($1.89)$0.99
EPS - Diluted($2.04)($1.13)$2.97($1.21)($1.89)$0.98

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$65.30M$71.37M$68.80M$98.96M$117.43M$104.44M
Accounts Receivable$1.76M$1.50M$80.15M---
Inventory------
Accounts Payable$5.01M$4.00M$1.60M$2.57M$574.0K$634.0K
Current Assets$202.69M$276.81M$319.68M$124.50M$136.70M$197.77M
Total Assets$252.28M$393.05M$351.28M$159.36M$193.85M$261.58M
Current Liabilities$26.54M$49.79M$64.51M$72.59M$50.98M$26.77M
Long-term Debt------
Total Liabilities$56.20M$93.29M$114.96M$100.34M$98.80M$107.26M
Stockholders' Equity$196.08M$299.76M$236.32M$59.02M$95.06M$154.32M
Retained Earnings($445.90M)($326.18M)($261.18M)($393.51M)($347.10M)($275.91M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow($132.47M)($15.31M)$77.92M($12.51M)($53.52M)($96.72M)
Investing Cash Flow$125.45M($94.86M)($141.64M)($7.34M)$65.91M$113.00M
Financing Cash Flow$816.0K$114.02M$33.65M$1.11M$612.0K$3.16M
CapEx$2.60M$3.52M$3.26M$2.49M$1.61M$12.10M
Free Cash Flow($135.06M)($18.83M)$74.66M($15.00M)($55.13M)($108.81M)

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin-326.6%-104.1%48.8%-124.3%-196.8%16.0%
EBITDA margin-316.5%-98.2%50.6%-109.1%-183.0%18.2%
Net margin-296.5%-81.3%52.9%-113.4%-190.3%21.5%
Free cash flow margin-334.5%-23.5%29.9%-36.7%-147.4%-63.6%
FCF / Net income1.130.290.560.320.77-2.96
R&D / Revenue333.6%159.2%36.9%148.5%197.2%63.6%
SG&A / Revenue93.0%44.9%14.3%75.7%99.5%20.4%
Effective tax rate--1.1%---
Return on assets-47.5%-16.5%37.7%-29.1%-36.7%14.0%
Return on equity-61.1%-21.7%56.0%-78.6%-74.9%23.8%
Return on invested capital------
Liquidity
Current ratio7.645.564.961.722.687.39
Quick ratio7.645.564.961.722.687.39
Cash ratio2.461.431.071.362.303.90
Leverage
Debt / Equity------
Debt / Assets------
Debt / EBITDA------
Interest coverage------
Equity multiplier1.291.311.492.702.041.70
Liabilities / Assets0.220.240.330.630.510.41
Efficiency
Asset turnover0.160.200.710.260.190.65
Inventory turnover------
Days sales outstanding16d7d117d---
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E--2.8x--7.3x
P / B1.2x1.1x1.6x4.0x1.1x1.7x
P / S5.7x4.1x1.5x5.7x2.7x1.6x
EV / EBITDA--2.4x--5.2x
Growth
Revenue growth (YoY)-49.5%-68.0%511.2%9.3%-78.1%63.9%
Revenue CAGR (3y)-0.4%28.8%13.5%-26.8%38.1%156.5%
Revenue CAGR (5y)-25.1%-5.2%77.4%32.2%21.3%58.1%
Gross profit growth (YoY)------
Operating income growth (YoY)-58.3%--30.9%--
Net income growth (YoY)-84.2%--34.8%--
EPS growth (YoY)-80.5%--36.0%--
EPS CAGR (3y)--44.7%---
EPS CAGR (5y)------
FCF growth (YoY)-617.2%--72.8%49.3%-
FCF CAGR (5y)------
Book value growth (YoY)-34.6%26.8%300.4%-37.9%-38.4%55.1%

Sales by segment

From XBRL dimensional facts in the 10-K period ending 2025-12-31.

Business segments

$40.37M total
Single Reportable Segment$40.37M · 100.0%

Stability scores

Altman Z′

FY 2025 · bankruptcy risk

-1.00
Distress

Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.

Piotroski F-score

FY 2025 · 9-point quality

1/9
Weak
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • -Long-term debt decreased
  • Current ratio improved
  • No share dilution
  • -Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Biological Products, (No Diagnostic Substances)

CompanyRevenue (last FY)Net marginROE
TWST---16.4%
AMGN$36.75B21.0%89.1%
RXRX$74.68M-863.4%-57.0%
MRNA$1.94B-145.2%-32.6%
DNA$170.16M-183.8%-61.5%

Comparing Voyager Therapeutics against the 5 most active filers in the same SIC group.