Company: PGYWW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001883085-25-000195
Chunk: 164

Company: Pagaya Technologies Ltd.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 8
Chunk 164
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, 2024: September 30, 2025December 31, 2024Unobservable InputMinimumMaximumWeighted AverageMinimumMaximumWeighted AverageDiscount rate5.0 %15.0 %15.0 %5.0 %15.0 %15.0 %Loss rate5.5 %33.0 %17.2 %5.8 %34.1 %19.5 %Prepayment rate0.0 %45.0 %14.5 %0.0 %40.0 %9.4 %Financial Assets and Liabilities Not Recorded at Fair ValueThe Company believes that the carrying amount of cash, cash equivalents and restricted cash, fees receivables, accounts payables and other current liabilities approximate their fair value due to the short-term maturities of these instruments. The below tables contain information about assets that are not measured at fair value on a recurring basis as of September 30, 2025 and December 31, 2024 (in thousands): September 30, 2025Fair ValueCarryingValueLevel 1Level 2Level 3TotalAssets:Cash and cash equivalents, and restricted cash and cash equivalents$264,767 $264,767 $— $— $264,767 Fees receivables154,976 — 79,154 75,822 154,976 Investments in other loans and receivables1,610 — — 1,610 1,610 Liabilities:Secured borrowing$131,525 $— $— $133,667$133,667Exchangeable notes148,148 — 381,382 — 381,382 Long-term debt487,789 — 466,180 — 466,180 

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December 31, 2024Fair ValueCarryingValueLevel 1Level 2Level 3TotalAssets:Cash and cash equivalents, and restricted cash and cash equivalents$226,518 $226,518 $— $— $226,518 Fees receivables (1)127,114 — 63,143 63,971 127,114 Investments in other loans and receivables4,893 — — 4,893 4,893 Liabilities:Secured borrowing$176,089 $—