Company: PGYWW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001883085-25-000050
Chunk: 80

Company: Pagaya Technologies Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 16
Chunk 80
---
 For the year ended December 31, 2023, the Company did not purchase assets or loans from the Financing Vehicles.(2) Total of personnel and non-personnel related costs represent the total of technology, data and product development, sales and marking, and general and administrative expenses in the consolidated statements of operations. Personnel related costs include salaries, wages, bonuses, employee benefits, payroll taxes, and other related expenses associated with our workforce. Non-personnel related costs encompass expenses such as rent, utilities, depreciation and amortization, marketing and advertising, professional services, and other operational costs not directly linked to personnel.

F-45

Table of Contents

The Company does not have additional reportable segments, and therefore, all financial information is presented on a consolidated basis. The Company's assets are not allocated to segments for internal reporting purposes but are managed on a consolidated basis. However, for the purposes of geographical disclosure, long-lived assets are allocated based on where they are located. Geographical InformationA. Revenue from FeesThe following table sets forth revenue from fees generated by geographic area (in thousands):  December 31,202420232022United States$1,004,550$772,814$685,129Israel———Cayman——285Total revenue from fees$1,004,550$772,814$685,414B. Long-Term Assets The Company’s long-term assets, excluding intangible assets, are primarily based in the United States with 92% and 89% of total as of December 31, 2024 and 2023, respectively. The following tables provide long-term assets, including long-lived assets of right-of-use and property and equipment, net, yet excluding intangible assets, by geographic area (in thousands): December 31, 2024United StatesIsraelRight-of-use assets$8,389 $28,487 Property and equipment, net4,957 33,017 Other long-term assets, excluding intangible assets819,415 9,445 Total long-term assets, excluding intangible assets$832,761 $70,949 % of total92 %8 %December 31, 2023United StatesIsraelRight-of-use assets$6,836 $48,893 Property and equipment, net4,105 37,452 Other long-term assets, excluding intangible assets783,534 10,659 Total long-term assets, excluding intangible assets$794,475 $97,