Company: PGYWW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001883085-25-000050
Chunk: 59

Company: Pagaya Technologies Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 16
Chunk 59
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 must recognize, at inception, a liability for the fair value of the obligation undertaken in issuing the guarantee. In addition, the guarantor must disclose the maximum potential amount of future payments that the guarantor could be required to make under the guarantee, if there were a default by the guaranteed parties. The determination of the maximum potential future payments is based on the notional amount of the guarantees without consideration of possible recoveries under recourse provisions or from collateral held or pledged. As of December 31, 2024, the maximum potential amount of undiscounted future payments the Company could be required to make under these guarantees totaled $35.0 million. In accordance with the guarantee contracts, the maximum potential payment amount has been segregated and recognized within restricted cash in the consolidated balance sheet. 

F-30

Table of Contents

NOTE 13 - TRANSACTIONS WITH RELATED PARTIES 

In the ordinary course of business, the Company may enter into transactions with directors, principal officers, their immediate families, and affiliated companies in which they are principal shareholders (commonly referred to as related parties). The Company has transactions with the securitization vehicles and other Financing Vehicles which are also related parties.As of December 31, 2024, the total fee receivables from related parties are $99.4 million, which consist of $79.0 million from securitization vehicles and $20.4 million from other Financing Vehicles. As of December 31, 2023, the total fee receivables from related parties are $84.8 million, which consists of $78.4 million from securitization vehicles and $6.3 million from other Financing Vehicles. As of December 31, 2024 and 2023, prepaid expenses and other assets include amounts due from related parties of $15.2 million and $7.9 million, respectively, all of which were attributable to Financing Vehicles. For the year ended December 31, 2024, the Company purchased approximately $39.9 million of loan principal from the Financing Vehicles. For the year ended December 31, 2023, the Company did not purchase assets from the Financing Vehicles. For the year ended December 31, 2022, the Company purchased approximately $29.6 million of loan principal from the Financing Vehicles.For the year ended December 31, 2024, the total revenue from related parties is $679.1 million, which consists of $639.