Company: PGYWW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001883085-25-000195
Chunk: 2

Company: Pagaya Technologies Ltd.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 and (losses) on investments in loans and securities(19,557)(77,594)(62,832)(154,001)Other expenses, net(27,377)(30,345)(66,267)(61,481)Loss from extinguishment of debt(24,961)(200)(25,457)(200)Income (Loss) Before Income Taxes8,063 (85,755)29,556 (180,581)Income tax (benefit) expense(15,210)(11,524)(12,772)7,991 Net Income (Loss) Including Noncontrolling Interests23,273 (74,231)42,328 (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) attributed to Pagaya Technologies Ltd.’s ordinary shares$21,286 $(67,476)$44,289 $(163,484)Earnings (loss) per share attributable to Pagaya Technologies Ltd.: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) See Note 9 for additional information regarding the transactions with related parties.  

The accompanying notes are an integral part of these condensed consolidated financial statements

3

PAGAYA TECHNOLOGIES LTD. 

CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) (UNAUDITED)

(In thousands)

Three Months Ended September 30,Nine Months Ended September 30,2025202420252024Net Income (Loss) Including Noncontrolling Interests