v3.26.1
JOINT VENTURE - Schedule of Variable Interest Entities (Details) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 373,436 $ 491,329
Accounts receivable, net 40,367 29,819
Prepaid expenses and other current assets 24,796 26,541
Property and equipment, net 213,609 164,286
Operating lease right-of-use assets 38,890 18,164
Other assets 23,533 30,048
TOTAL ASSETS [1] 1,009,273 1,050,454
LIABILITIES    
Accrued expenses 37,624 27,386
Operating lease liabilities 7,582 5,831
Accrued expenses and other current liabilities 60,101 75,472
Operating lease liabilities, non-current 34,580 13,336
Contract liabilities, non-current 7,904 7,899
TOTAL LIABILITIES [1] 632,691 620,921
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash and cash equivalents 48,440 54,610
Accounts receivable, net 0 10,003
Prepaid expenses and other current assets 12,082 17,790
Property and equipment, net 154,983 127,735
Operating lease right-of-use assets 22 64
Other assets 604 723
TOTAL ASSETS 216,131 210,925
LIABILITIES    
Accrued expenses 22,700 18,107
Operating lease liabilities 22 64
Accrued expenses and other current liabilities 7,968 15,898
Operating lease liabilities, non-current 0 0
TOTAL LIABILITIES 39,693 43,072
Variable Interest Entity, Primary Beneficiary | Related Party    
LIABILITIES    
Contract liabilities, non-current $ 9,003 $ 9,003
[1] Includes balances associated with a consolidated variable interest entity (“VIE”), including amounts reflected in “TOTAL ASSETS” that can only be used to settle obligations of the VIE as well as liabilities of the VIE reflected within “TOTAL LIABILITIES” for which creditors do not have recourse to the general credit of Voyager. See “Notes to Condensed Consolidated Financial Statements—Note 16, “Joint Venture”, for additional information.