Company: PGYWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001883085-25-000169
Chunk: 171

Company: Pagaya Technologies Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 171
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290,483 Technology, data and product development (1)18,455 21,935 37,899 41,315 Sales and marketing (1)19,660 13,331 29,254 23,588 General and administrative (1)40,349 64,449 86,532 127,517 Total Costs and Operating Expenses269,929 245,317 512,233 482,903 Operating Income56,469 5,027 104,154 12,717 Other expenses, net(34,928)(73,194)(82,661)(107,543)Income (Loss) Before Income Taxes21,541 (68,167)21,493 (94,826)Income tax expense4,978 14,512 2,438 19,515 Net Income (Loss) Including Noncontrolling Interests 16,563 (82,679)19,055 (114,341)Less: Net loss attributable to noncontrolling interests(92)(7,894)(5,493)(18,333)Net Income (Loss) Attributable to Pagaya Technologies Ltd. $16,655 $(74,785)$24,548 $(96,008)Per share data:Net income (loss) attributable to Pagaya Technologies Ltd. $16,655 $(74,785)$24,548 $(96,008)Less: Undistributed earnings allocated to preferred shares1,017 — 1,509 — Net income (loss) attributable to Pagaya Technologies Ltd.’s ordinary shares$15,638 $(74,785)$23,039 $(96,008)Earnings (loss) per share attributable to Pagaya Technologies Ltd.’s ordinary shares:Basic$0.20 $(1.04)$0.30 $(1.41)Diluted$0.20 $(1.04)$0.29 $(1.41)Weighted average shares outstanding:Basic76,873,529 71,765,884 76,347,801 68,113,860 Diluted79,667,635 71,765,884 78,301,110 68,113,860 

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

Three Months Ended June 30,Six Months Ended June 30, 202520242