Company: PGYWW
Filing Date: 2025-11-10
Form Type: 10-Q
Source: 0001883085-25-000195
Chunk: 90

Company: Pagaya Technologies Ltd.
Filing Date: 2025-11-10
Form: 10-Q
Item: Part I, Item 2
Chunk 90
---
,448 Technology, data and product development (1)18,236 16,655 56,135 57,970 Sales and marketing (1)14,453 11,440 43,707 35,028 General and administrative (1)36,944 57,790 123,476 185,307 Total Costs and Operating Expenses270,207 234,850 782,440 717,753 Operating Income79,958 22,384 184,112 35,101 Gains 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 Interests 23,273 (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) attributable to Pagaya Technologies Ltd.’s ordinary shares$21,286 $(67,476)$44,289 $(163,484)Earnings (loss) per share attributable to Pagaya Technologies Ltd.’s ordinary shares: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