Company: PGYWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001883085-25-000169
Chunk: 8

Company: Pagaya Technologies Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 8
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420)(5,318)Payments made to revolving credit facility— (134,000)Payments made to secured borrowing(156,924)(78,809)Payments made to long-term debt(8,875)(6,375)Debt issuance costs— (7,974)Net cash provided by financing activities74,652 362,434 Effect of exchange rate changes on cash, cash equivalents and restricted cash1,279 (1,723)Net increase in cash, cash equivalents and restricted cash15,516 45,385 Cash, cash equivalents and restricted cash, beginning of period226,518 222,541 

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Cash, cash equivalents and restricted cash, end of period$242,034 $267,926 Reconciliation of cash, cash equivalents, and restricted cash within the unaudited condensed consolidated balance sheet to the amounts shown in the statements of cash flow above:Cash and cash equivalents$182,986 $233,593 Restricted cash - current23,845 17,469 Restricted cash - non-current35,203 16,864 Total cash, cash equivalents, and restricted cash$242,034 $267,926 

(1) Accrued interest receivable of $14.3 million, previously reported within “Fee and other receivables” as of December 31, 2024, has been reclassified to “Investment in loans and securities” to conform to the current period’s presentation and six month ended June 30, 2024 amounts have been reclassified to conform to the current period presentation.

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

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NOTE 1 - BUSINESS DESCRIPTION  

Pagaya Technologies Ltd. and its consolidated subsidiaries (together “we” “our” “Pagaya” or the “Company”) is a technology company that deploys sophisticated data science and proprietary AI technology to drive better results for financial services and other service providers, their customers, and asset investors. Services providers integrated with Pagaya’s network, which are referred to as “Partners,” range from high-growth financial technology companies to incumbent banks and financial institutions, auto finance providers and residential real estate service providers. Partners have access to Pagaya’s network in order to assist with extending financial products to their customers, in turn helping those customers fulfill their financial needs and dreams. These assets originated by Partners with the assistance of Pagaya’s AI technology are eligible to be acquired by (i) funds