Company: PGYWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001883085-25-000169
Chunk: 3

Company: Pagaya Technologies Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 3
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860 

(1) See Note 9 for additional information regarding the transactions with related parties.  

(2) Includes income from proprietary investments. 

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 June 30,Six Months Ended June 30,2025202420252024Net Income (Loss) Including Noncontrolling Interests$16,563 $(82,679)$19,055 $(114,341)Other Comprehensive Income (Loss):Unrealized loss on securities available for sale, net(5,708)(45,563)(21,492)(67,094)Comprehensive Income (Loss) Including Noncontrolling Interests10,855 (128,242)(2,437)(181,435)Less: Comprehensive loss attributable to noncontrolling interests(105)(6,686)(5,408)(13,933)Comprehensive Income (Loss) Attributable to Pagaya Technologies Ltd.$10,960 $(121,556)$2,971 $(167,502)

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

4

PAGAYA TECHNOLOGIES LTD. 

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN REDEEMABLE CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS’ EQUITY (UNAUDITED) 

(In thousands, except share amounts) 

Redeemable Convertible Preferred SharesOrdinary Shares (Class A and Class B)Additional Paid-In CapitalAccumulated Other Comprehensive Income (Loss)Retained Earnings (Accumulated Deficit)Total Pagaya Technologies Ltd. Shareholders’ EquityNon-Controlling InterestsTotal Shareholders’ EquitySharesAmountSharesAmountBalance – March 31, 20255,000,000 $74,250 75,430,952 $— $1,299,010 $(27,370)$(936,150)$335,490 $105,313 $440,803 Issuance of ordinary shares upon exercise of share options— — 126,638 — 1,118 — — 1,118 — 1,118 Issuance of ordinary shares upon vesting of RSUs— — 604,