Company: PGYWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001883085-25-000169
Chunk: 49

Company: Pagaya Technologies Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 49
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,515 Net Income (Loss) Including Noncontrolling Interests 16,563 (82,679)19,055 (114,341)Less: Net loss attributable to noncontrolling interests(92)(7,894)(5,493)(18,333)Net Income (Loss) Attributable to Pagaya Technologies Ltd. $16,655 $(74,785)$24,548 $(96,008)Per share data:Net income (loss) attributable to Pagaya Technologies Ltd. $16,655 $(74,785)$24,548 $(96,008)Less: Undistributed earnings allocated to preferred shares1,017 — 1,509 — Net income (loss) attributable to Pagaya Technologies Ltd.’s ordinary shares$15,638 $(74,785)$23,039 $(96,008)Earnings (loss) per share attributable to Pagaya Technologies Ltd.’s ordinary shares:Basic$0.20 $(1.04)$0.30 $(1.41)Diluted$0.20 $(1.04)$0.29 $(1.41)Weighted average shares outstanding:Basic76,873,529 71,765,884 76,347,801 68,113,860 Diluted79,667,635 71,765,884 78,301,110 68,113,860 

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

Three Months Ended June 30,Six Months Ended June 30, 2025202420252024Technology, data and product development$1,326 $3,069 $2,423 $5,974 Sales and marketing8,731 3,867 13,511 6,719 General and administrative8,171 11,108 15,466 20,826 Total share-based compensation in operating expenses$18,228 $18,044 $31,400 $33,519 

Comparison of Three Months Ended June 30, 2025 and 2024

Total Revenue and Other Income  

36

Three Months Ended June 30,20252024Change% Change(in thousands, except percentages)Revenue from fees$317,714 $242,594 $75,120 31 %Interest income10,739 8,193 2,546