Company: PGYWW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001883085-25-000050
Chunk: 16

Company: Pagaya Technologies Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 16
Chunk 16
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,203 General and administrative240,781 203,351 294,213 Total Costs and Operating Expenses965,408 836,451 1,000,433 Operating Income (Loss)66,840 (24,400)(251,505)Other expenses, net(487,962)(156,768)(24,869)Loss Before Income Taxes(421,122)(181,168)(276,374)Income tax expense24,576 15,571 16,400 Net Loss Including Noncontrolling Interests(445,698)(196,739)(292,774)Less: Net (loss) income attributable to noncontrolling interests(44,292)(68,301)9,547 Net Loss Attributable to Pagaya Technologies Ltd.$(401,406)$(128,438)$(302,321)Per share data:Net loss attributable to Pagaya Technologies Ltd.$(401,406)$(128,438)$(302,321)Less: Undistributed earnings allocated to participated securities— — (12,205)Net loss attributed to Pagaya Technologies Ltd.$(401,406)$(128,438)$(314,526)Net loss per share attributable to Pagaya Technologies Ltd.:Basic and Diluted (2)$(5.66)$(2.14)$(8.22)Weighted average shares outstanding:Basic and Diluted (2)70,879,807 60,038,893 38,253,737 

(1) Includes income from proprietary investments. 

(2) Share amounts have been retroactively adjusted to reflect the 1-for-12 reverse share split effected on March 8, 2024. 

The accompanying notes are an integral part of these consolidated financial statements

F-3

Table of Contents

PAGAYA TECHNOLOGIES LTD. 

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

FOR YEAR ENDED DECEMBER 31, 2024, 2023 AND 2022

(In thousands)

202420232022Net Loss Including Noncontrolling Interests$(445,698)$(196,739)$(292,774)Other Comprehensive Income (Loss):Unrealized (loss) gain on securities available for sale, net(12,753)7,999 (2,122)Comprehensive Loss Including Noncontrolling Interests$(458,451)$(188,740)$(294,896)Less: Comprehensive (