Company: PGYWW
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001883085-25-000082
Chunk: 43

Company: Pagaya Technologies Ltd.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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257 General and administrative (1)46,183 63,068 Total Costs and Operating Expenses242,304 237,586 Operating Income47,685 7,690 Other expenses, net(47,733)(34,349)Loss Before Income Taxes(48)(26,659)Income tax (benefit) expense(2,540)5,003 Net Income (Loss) Including Noncontrolling Interests 2,492 (31,662)Less: Net loss attributable to noncontrolling interests(5,401)(10,439)Net Income (Loss) Attributable to Pagaya Technologies Ltd. $7,893 $(21,223)Per share data:Net income (loss) attributable to Pagaya Technologies Ltd. $7,893 $(21,223)Less: Undistributed earnings allocated to preferred shares489 — Net income (loss) attributable to Pagaya Technologies Ltd.’s ordinary shares$7,404 $(21,223)Earnings (loss) per share attributable to Pagaya Technologies Ltd.’s ordinary shares:Basic$0.10 $(0.33)Diluted$0.10 $(0.33)Weighted average shares outstanding:Basic75,765,080 64,504,458 Diluted77,043,464 64,504,458 

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

32

Three Months Ended March 31, 20252024Technology, data and product development$1,097 $2,905 Sales and marketing4,780 2,852 General and administrative7,295 9,718 Total share-based compensation in operating expenses$13,172 $15,475 

Comparison of Three Months Ended March 31, 2025 and 2024

Total Revenue and Other Income  

Three Months Ended March 31,20252024Change% Change(in thousands, except percentages)Revenue from fees$282,704 $237,004 $45,700 19 %Interest income7,676 7,744 (68)(1)%Investment (loss) income(391)528 (919)(174)%Total Revenue and Other Income$289,989 $245,276 $44,713 18 %

Total revenue and other income, increased by $44.7 million, or 18%, to $290