Company: PGYWW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001883085-25-000195
Chunk: 52

Company: Pagaya Technologies Ltd.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 52
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 (188,572)Less: Net income (loss) attributable to noncontrolling interests728 (6,755)(4,765)(25,088)Net Income (Loss) Attributable to Pagaya Technologies Ltd. $22,545 $(67,476)$47,093 $(163,484)Per share data:Net income (loss) attributable to Pagaya Technologies Ltd. $22,545 $(67,476)$47,093 $(163,484)Less: Undistributed earnings allocated to preferred shares1,259 — 2,804 — Net income (loss) attributable to Pagaya Technologies Ltd.’s ordinary shares$21,286 $(67,476)$44,289 $(163,484)Earnings (loss) per share attributable to Pagaya Technologies Ltd.’s ordinary shares:Basic$0.27 $(0.93)$0.57 $(2.35)Diluted$0.23 $(0.93)$0.55 $(2.35)Weighted average shares outstanding:Basic78,539,137 72,728,667 77,086,125 69,619,813 Diluted91,046,530 72,728,667 80,945,983 69,619,813 

(1) The following table sets forth share-based compensation for the periods indicated below (in thousands):

Three Months Ended September 30,Nine Months Ended September 30, 2025202420252024Technology, data and product development$1,243 $1,011 $3,666 $6,985 Sales and marketing5,452 2,875 18,963 9,594 General and administrative6,887 8,447 22,353 29,273 Total share-based compensation in operating expenses$13,582 $12,333 $44,982 $45,852 

Comparison of Three Months Ended September 30, 2025 and 2024

Total Revenue and Other Income  

37

Three Months Ended September 30,20252024Change% Change(in thousands, except percentages)Revenue from fees$339,887 $249,283 $90,604 36 %Interest income14,918 8,735 6,183 71 %Investment loss, net(4,640)(784)(3,856)(492)%Total Revenue and