Company: PGYWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001883085-25-000169
Chunk: 149

Company: Pagaya Technologies Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 149
---
 from securitization vehicles and $22.4 million from other Financing Vehicles. As of December 31, 2024, the current and non-current fee receivables from related parties are $70.2 million and $29.2 million, respectively, which consists of $79.0 million from securitization vehicles and $20.4 million from other Financing Vehicles. As of June 30, 2025 and December 31, 2024, prepaid expenses and other assets include amounts due from related parties of $9.4 million and $15.2 million, respectively, all of which were attributable to Financing Vehicles. For the three months ended June 30, 2025, the total revenue from related parties is $146.6 million, which consists of $137.9 million from securitization vehicles and $8.7 million from other Financing Vehicles. For the six months ended June 30, 2025, the total revenue from related party is $314.5 million, which consists of $297.0 million from securitization vehicles and $17.5 million from other Financing Vehicles. For the three months ended June 30, 2024, the total revenue from related parties is $175.3 million, which consists of $157.2 million from securitization vehicles and $18.1 million from other Financing Vehicles. For the six months ended June 30, 2024, the total revenue from related parties is $353.8 million which consists of $319.8 million from securitization vehicles and $34.0 million from other Financing Vehicles.

During the three and six months ended June 30, 2025, the Company purchased approximately $2.0 million and $5.8 million, respectively, of loan principal from the Financing Vehicles and included a loss of approximately $1.9 million and $5.4 million, respectively, in general and administrative expenses with respect to these loans. During the three and six months ended June 30, 2024, the Company purchased approximately $14.5 million and $19.5 million, respectively, of loan principal from the Financing Vehicles and included a loss of approximately $13.4 million and $18.4 million, respectively, in general and administrative expenses with respect to these loans. 

NOTE 10 - FAIR VALUE