Company: PGYWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001883085-25-000169
Chunk: 1

Company: Pagaya Technologies Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 6,666,666 shares authorized, 5,000,000 shares issued and outstanding as of June 30, 2025 and December 31, 2024; aggregate liquidation preference of $150,000 as of June 30, 2025 and December 31, 2024.74,250 74,250 Shareholders’ equity:Class A ordinary shares, no par value, 666,666,666 shares authorized, 64,873,392 and 61,227,672 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively.— — Class B ordinary shares, no par value, 166,666,666 shares authorized, 11,288,577 and 12,652,310 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively.— — Additional paid-in capital1,319,312 1,282,022 Accumulated other comprehensive loss(33,065)(11,488)Accumulated deficit(919,495)(944,043)Total Pagaya Technologies Ltd. shareholders’ equity366,752 326,491 Noncontrolling interests101,227 115,055 Total shareholders’ equity467,979 441,546 Total Liabilities, Redeemable Convertible Preferred Shares, and Shareholders’ Equity$1,399,043 $1,291,072 

(1) Accrued interest receivable of $14.3 million, previously reported within “Fee and other receivables” as of December 31, 2024, has been reclassified to “Investment in loans and securities” to conform to the current period’s presentation.

(2) See Note 9 for additional information regarding the transactions with related parties. 

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

2

Table of Contents

PAGAYA TECHNOLOGIES LTD. 

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

(In thousands, except share and per share data) 

Three Months Ended June 30,Six Months Ended June 30,2025202420252024RevenueRevenue from fees (1)$317,714 $242,594 $600,418 $479,598 Other IncomeInterest income10,739 8,193 18,415 15,937 Invest