v3.26.3
JOINT VENTURE - Schedule of Variable Interest Entities (Details) - USD ($)
$ in Thousands
Sep. 30, 2026
Dec. 31, 2025
ASSETS    
Cash and cash equivalents $ 553,613 $ 491,329
Accounts receivable, net 42,899 29,819
Prepaid expenses and other current assets 31,974 26,541
Property and equipment, net 267,609 164,286
Operating lease right-of-use assets 37,643 18,164
Other assets 23,978 30,048
TOTAL ASSETS [1] 1,592,272 1,050,454
LIABILITIES    
Accounts payable 46,414 27,386
Operating lease liabilities 8,132 5,831
Accrued expenses and other current liabilities 105,633 75,472
Contract liabilities, non-current 39,742 7,899
TOTAL LIABILITIES [1] 1,223,402 620,921
Variable Interest Entity, Primary Beneficiary    
ASSETS    
Cash and cash equivalents 45,335 54,610
Accounts receivable, net 0 10,003
Prepaid expenses and other current assets 9,663 17,790
Property and equipment, net 159,377 127,735
Operating lease right-of-use assets 0 64
Other assets 545 723
TOTAL ASSETS 214,920 210,925
LIABILITIES    
Accounts payable 28,884 18,107
Operating lease liabilities 0 64
Accrued expenses and other current liabilities 5,261 15,898
TOTAL LIABILITIES 43,163 43,072
Variable Interest Entity, Primary Beneficiary | Related Party    
LIABILITIES    
Contract liabilities, non-current $ 9,018 $ 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.