CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands		Dec. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents		$ 491,329	$ 55,930
Accounts receivable, net		29,819	15,360
Contract assets		29,786	17,304
Inventories		3,825	1,526
Prepaid expenses and other current assets		26,541	11,461
TOTAL CURRENT ASSETS		581,300	101,581
Property and equipment, net		164,286	49,439
Operating lease right-of-use assets		18,164	8,167
Intangible assets, net		98,982	34,684
Goodwill		157,674	46,515
Other assets		30,048	7,210
TOTAL ASSETS	[1]	1,050,454	247,596
Current liabilities:
Accounts payable		27,386	22,787
Contract liabilities		24,338	21,365
Operating lease liabilities		5,831	3,000
SMI promissory note, current		0	665
Accrued expenses and other current liabilities		75,472	39,594
TOTAL CURRENT LIABILITIES		133,027	87,411
Term Loan, net		0	56,991
Operating lease liabilities, non-current		13,336	6,205
Contract liabilities, non-current		7,899	2,762
Convertible notes, net		447,634	7,435
Embedded derivatives		0	2,723
Deferred tax liabilities		8,858	112
SMI promissory note		0	23,928
Other long-term liabilities		10,167	102
TOTAL LIABILITIES	[1]	620,921	187,669
Mezzanine equity:
Class A-1 redeemable preferred stock: $0.0001 par value; 0 shares authorized, issued and outstanding at December 31, 2025; 7,500,000 shares authorized and 6,967,720 shares issued and outstanding at December 31, 2024; redeemable at the option of the holder with a liquidation preference of $105,581		0	93,496
Redeemable noncontrolling interests		0	32,431
Equity (Deficit):
Additional paid-in capital		797,438	15,081
Treasury stock, at cost		(27,702)	0
Accumulated other comprehensive (loss) income		(95)	28
Accumulated deficit		(385,927)	(281,113)
Total Voyager Technologies, Inc. equity (deficit)		383,720	(69,704)
Noncontrolling interests		45,813	3,704
TOTAL EQUITY (DEFICIT)		429,533	(66,000)
TOTAL LIABILITIES, MEZZANINE EQUITY, AND EQUITY (DEFICIT)		1,050,454	247,596
Series A Preferred Stock
Equity (Deficit):
Preferred stock		0	0
Series B Preferred Stock
Equity (Deficit):
Preferred stock		0	132,835
Series C Preferred Stock
Equity (Deficit):
Preferred stock		0	63,464
Common Stock
Equity (Deficit):
Common stock		0	1
Class A Common Stock
Equity (Deficit):
Common stock		5	0
Class B Common Stock
Equity (Deficit):
Common stock		$ 1	$ 0

[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. Refer to Note 20, “Joint Ventures”, for additional information