Company: PGYWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001883085-25-000169
Chunk: 143

Company: Pagaya Technologies Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 8
Chunk 143
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 Months Ended June 30, 2025Securitization notesSecuritization certificatesOther Loans and ReceivablesTotalBalance, beginning of period$— $(508,741)$(1,553)$(510,294)Additions to allowance for credit losses not previously recorded(2,873)(46,152)— (49,025)Reductions for securities sold during the period— 78,355 — 78,355 Additions (reductions) on securities with previous allowance— (14,358)(140)(14,498)Write-offs charged against the allowance— — 593 593 Balance, end of period$(2,873)$(490,896)$(1,100)$(494,869)Three Months Ended June 30, 2024Securitization notesSecuritization certificatesOther Loans and ReceivablesTotalBalance, beginning of period$— $(121,349)$(5,011)$(126,360)Additions to allowance for credit losses not previously recorded— (23,628)— (23,628)Additions (reductions) on securities with previous allowance— (29,100)(334)(29,434)Write-offs charged against the allowance— — 850 850 Recoveries of amounts previously written off— — 442 442 Balance, end of period$— $(174,077)$(4,053)$(178,130)Six Months Ended June 30, 2024Securitization notesSecuritization certificatesOther Loans and ReceivablesTotalBalance, beginning of period$— $(98,679)$(2,279)$(100,958)Additions to allowance for credit losses not previously recorded— (26,593)— (26,593)Additions to the allowance for credit losses arising from purchases — — (3,246)(3,246)Additions (reductions) on securities with previous allowance— (48,805)(1,269)(50,074)Write-offs charged against the allowance— — 2,299 2,299 Recoveries of amounts previously written off— — 442 442 Balance, end of period$— $(174,077)$(4,053)$(178,130)Investments in securities, under the fair value option

16

The fair value option may be elected on an