Voyager Therapeutics, Inc.
VYGR · Price history
Price at last available close
$1.84
−$0.86 (-31.85%) 1M
2026-10-28
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Company & revenue
About Voyager Therapeutics, Inc.
Primary reporting period: 2025-12-31 · Research updated Oct 12, 2026. A research update is not a new financial filing.
Who they are
Voyager Therapeutics, Inc. operates as a gene therapy company, concentrating its efforts on developing innovative treatments and pioneering advanced platform technologies. Its leading clinical asset, VY-AADC, is presently undergoing an open-label Phase 1 clinical trial for the management of Parkinson's disease. The company's preclinical portfolio is extensive, featuring VY-SOD102 for amyotrophic lateral sclerosis (ALS), VY-HTT01 for Huntington's disease, and VY-FXN01 for Friedreich's ataxia.
How they make money
Voyager Therapeutics operates as a biotechnology company that generates revenue primarily through strategic collaborations and licensing agreements. These arrangements involve granting partners rights to its proprietary gene therapy platforms and pipeline assets in exchange for upfront payments, research funding, and potential milestone and royalty payments.
Products & services
The company develops gene therapies for neurological diseases using its proprietary TRACER AAV capsid discovery platform and Voyager NeuroShuttle blood-brain barrier delivery technology.
Brands & revenue mix
Proprietary AAV capsid discovery platform.
Separate brand revenue is not available in this research.Source
Proprietary blood-brain barrier delivery platform.
Separate brand revenue is not available in this research.Source
Revenue share is not unit sales or a best-seller ranking. Parent brands and included sub-brands can overlap; do not add overlapping rows.
Product / operating segments
No reconciled product or operating-segment revenue breakdown is available for the current research period. Company-wide revenue remains separate from segment disclosure.
Geographic revenue
No reconciled geographic revenue breakdown was confirmed for the current research period.
Customer types
- Pharmaceutical and biotechnology companiesSource
Customer concentration
The company's revenue is highly concentrated among a small number of collaboration partners, with Novartis and Neurocrine Biosciences representing significant portions of total collaboration revenue for the fiscal year ended December 31, 2025.
Suppliers, materials & equipment
- Contract Manufacturing Organizations — The company relies on third-party contract manufacturing organizations for the production of clinical trial materials; specific supplier names are not disclosed.Source
Business relationships & partnerships
Competitors
- Gene therapy and neuroscience-focused biotechnology companies — The company competes with various entities developing gene therapies and treatments for neurological disorders, including those utilizing AAV-based delivery systems.Source
Strengths
Sources
Financial risk observations and what to check
These are saved observations about business performance, not predictions. Review the company filings alongside the interpretation below. Latest stored financial period end: 2026-06-30.
Quarterly revenue fell 39.1% versus the same quarter last year.
Check comparable business scope and currency, then separate volume, pricing and divestitures. One weaker quarter does not establish that the same decline will continue.
Wall Street Score
Overall investment score · Quality, value, risk and opportunity
19
Poor
View category scores →
Company Quality
How good is the actual business—regardless of today’s stock price?
18
Poor
Financial Strength
30
Business Quality / Moat
30
Management
0
Growth Quality
0
Risk / Durability
15
Uses financial strength, moat, management, growth quality and durability. It excludes share price, P/E, market cap, intrinsic value and margin of safety.
Opportunity
Opportunity Score · How does the current price compare with estimated value?
18
Avoid
Based on current valuation, company quality, recent trends, and available market signals.
View score details →
Model Outlook
12-month model · What does the model think happens next?
26/100
Building Historical Record
Model Score 26/100 — estimates relative performance potential, distinct from the overall Wall Street Score and the separate Company Quality score.
Probability unavailable — the model has not produced a calibrated probability yet.
Click for full breakdown →
WSS View
The quick read
The overall Wall Street Score is low across its combined quality, valuation and risk inputs. This can reflect an expensive share price, business weaknesses, or both; check Company Quality and the category breakdown before drawing a conclusion.
At today’s price, the WSS valuation framework currently reads as less attractive based on the available valuation and market data.
The model outlook is currently cautious.
No strong positive signal is being highlighted from the currently available summary data.
- •Valuation is a weaker part of the current profile
- •Revenue fundamentals are weak
- •Debt / balance-sheet profile needs attention
Company-specific research
Questions worth answering for VYGR
These questions are generated from this company's current financial and score data so the page adds context instead of treating the headline score as a stand-alone conclusion.
- •What is driving VYGR's revenue decline, and does the latest company filing suggest the weakness is temporary or structural?
- •How long can VYGR fund negative free cash flow using its current cash position before it may need more debt or new shares?
- •Does VYGR's balance between cash and debt leave enough flexibility if business conditions weaken?
- •What specifically needs to improve for VYGR to reach sustainable profitability?
- •What future growth or profitability would be needed to justify VYGR's current valuation?
Essential Investment Snapshot
Wall Street Score
19
Opportunity Score
18
Market Cap
$113.4M
P/E Ratio
-1.0
EPS
$-1.81
52-Week High
$5.48
52-Week Low
$1.71
Beta
1.28
Analyst Target
$18.00
Shares Outstanding
58.7M
Total Revenue
$34.5M
Total Debt
$32.6M
Dividend
No current dividend
Liquidation Value / Share
$2.63
Momentum & Volatility Signals
Two different market-behavior signals. Momentum measures direction and trend strength. Volatility measures how large and unstable the price moves are, regardless of direction.
Strong downward momentum
High movement
A high momentum score means price has been trending upward with confirming short- and medium-term strength. A low score means downward or weakening momentum.
A high volatility score means larger, less stable price swings. It can happen while a stock is rising or falling, so high volatility is not automatically bullish or bearish.
Important: the volatility score above is based on realized price volatility. Implied volatility (IV) comes from options prices and represents the market's expected future movement. Wall Street Score will keep IV separate and will only display it when a verified options-chain feed is available.
Community Sentiment
0 active · 0 total callsNo personal call yet on VYGR.
Potential upside factors
- +Growth opportunities may come from revenue expansion, margin improvement, new products, market-share gains, and stronger cash flow.
- +Proprietary TRACER AAV capsid discovery platform.
- +Voyager NeuroShuttle blood-brain barrier delivery technology.
Potential downside factors
- −Key risks may include competition, margin pressure, debt levels, valuation risk, and changes in demand within the Biotechnology industry.
- −Dependence on collaboration partners for development and commercialization.
- −Risks associated with clinical trial outcomes and regulatory approval.
- −Reliance on third-party manufacturers for clinical supply.
These research factors come from saved company research and financial data, not community votes. They are starting points to verify against filings, not buy or sell recommendations.
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Scores
Click any score for full breakdownWas this stock page easy to understand?
One click helps us improve the research experience. This is not tied to an investment decision.
Score Changes
3 historical score records availablePrevious Score
18
Oct 1, 2026
Change
+0.9
points
Current Score
19
Oct 26, 2026
Category Changes
VYGR increased 0.9 points because Asset improved by 8.5 points.
Positive Contributors
- + Asset improved by 8.5 points
Projected Score
Projected Score
13
Projected Change
-5.6 points
Preliminary comparable-period financial changes suggest decline of approximately 5.6 points. This is a projected estimate, not the official WallStreetScore.
Price vs. Value
Valuation unavailableCurrent Price
$1.84
Model Intrinsic Value
—
Difference
—
Margin of Safety
—
Intrinsic value is not currently available for this stock, so valuation can't be calculated.
Financial Charts
Revenue
Additional Metrics
Operating Cash Flow
Total Debt
Total Assets
Net Margin %
Free includes 3 annual periods plus available TTM; Premium includes up to 10 annual periods. History depends on available company filings. Swipe the table horizontally to see older periods. A dash means unavailable, not zero.
| Line Item | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $34.5M | $40.4M | $80.0M | $250.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Cost of Revenue | $0.00 | $132.3M | $0.00 | $92.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Gross Profit | $34.5M | -$91.9M | $80.0M | $157.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Research & Development | $118.5M | $134.7M | $127.4M | $92.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| SG&A Expenses | $33.2M | $36.4M | $35.9M | $35.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Expenses | $151.6M | $39.9M | $163.3M | $35.8M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| EBITDA | -$103.8M | -$115.5M | -$59.6M | $138.2M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Operating Income | -$117.2M | -$131.8M | -$83.3M | $122.0M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Interest Expense | $0.00 | $0.00 | $0.00 | $0.00 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Before Tax | -$107.6M | -$119.6M | -$64.3M | $133.7M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Income Tax Expense | $126K | $144K | $665K | $1.4M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Net Income | -$107.7M | -$119.7M | -$65.0M | $132.3M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic EPS | $-1.81 | $-2.04 | $-1.13 | $3.08 | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Basic Shares | 60.55M | 58.69M | 57.67M | 43.02M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
| Diluted Shares | 60.55M | 58.69M | 57.67M | 44.57M | ···· | ···· | ···· | ···· | ···· | ···· | ···· |
Earnings Summary
Revenue
$3.2M
Estimate unavailable.
Revenue Beat/Miss
Not available (no estimate stored)
EPS
-$0.40
Estimate unavailable.
EPS Beat/Miss
Not available (no estimate stored)
Debt Change
-19.0%
Cash Change
-18.6%
Margin Change
-131.3 pp
Debt and cash show percentage changes versus the comparison period; margin shows the change in percentage points (pp). These are company-wide changes, not per-share amounts.
Financial Changes Since Prior Period
What Improved
- Debt reduced
What Weakened
- Margins contracted
- Cash position declined
Potential Score Impact
Positive indicators included debt levels. Pressure indicators included revenue growth, EPS growth, cash levels, net income margin. These factors may support or pressure the Revenue, Management, Financial, and Debt categories; this summary does not claim that the stored scores changed.
Stored Earnings Analysis
Revenue declined 39.1%. EPS declined 29.8%. Cash declined 18.6%. Total debt declined 19.0%. Net income margin declined by 131.3 percentage points.
Earnings-Call Transcript
Earnings-call transcript analysis is not currently available.
These results may influence future scores when the next evaluation is completed.
Insider Activity
Guru / Smart Money
Guru Score
Smart Money
Number of Gurus
Total Guru Value
Avg Portfolio Weight
Largest Holder
Largest Holder %
New Positions
Increased Positions
Reduced Positions
Exited Positions
Net Guru Sentiment
Short Interest
Dividend History
Dividend data is not available yet. Missing data does not mean this company pays no dividend.
Conservative Projected Values
3 Years
$———.——
5 Years
$———.——
10 Years
$———.——
Conservative Projection Rate
——%
Conservative Projected Values — price projections derived from actual 10-year adjusted historical returns, conservatively adjusted and capped at 8% annually. These are distinct from the Outperformance Model Score and WallStreetScore.
Conservative Projected Values
Premium unlocks the 3-year, 5-year, and 10-year conservative projected values with full calculation breakdowns based on actual historical returns.
Start 7-Day Free TrialHistorical Outperformance Record
Premium includes stored forecasts and any available evaluated results. Completed results, win rates and calibrated probabilities are shown only when supported records exist; access does not create historical outcomes.
Start 7-Day Free TrialHistorical Trends
3 historical recordsHistorical Score Chart
3 of 3 records shownWall Street Score
Debt Score
Revenue Score
Asset Score
Capital Score
Management Score
Moat Score
Valuation Score
Buffett Score
Intrinsic Value
Value Reference
Margin of Safety %
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Rumor Mill · VYGR
Corporate developments & opportunities
No reviewed developments match this filter.
Evidence credibility is not a forecast of stock performance. Rumor Mill is separate from the WSS score.
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