Company: PGYWW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001883085-25-000050
Chunk: 15

Company: Pagaya Technologies Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 16
Chunk 15
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 2024 and 2023. (1)74,250 74,250 Shareholders’ equity:Class A ordinary shares, no par value, 666,666,666 shares authorized, 61,227,672 and 49,390,936 shares issued and outstanding as of December 31, 2024 and 2023, respectively. (1)— — Class B ordinary shares, no par value, 166,666,666 shares authorized, 12,652,310 and 12,652,310 shares issued and outstanding as of December 31, 2024 and 2023, respectively. (1)— — Additional paid-in capital1,282,022 1,101,914 Accumulated other comprehensive (loss) income(11,488)444 Accumulated deficit(944,043)(542,637)Total Pagaya Technologies Ltd. shareholders’ equity326,491 559,721 Noncontrolling interests115,055 106,028 Total shareholders’ equity441,546 665,749 Total Liabilities, Redeemable Convertible Preferred Shares, and Shareholders’ Equity$1,291,072 $1,208,376 

(1) Share amounts have been retroactively adjusted to reflect the 1-for-12 reverse share split effected on March 8, 2024. 

F-2

Table of Contents

PAGAYA TECHNOLOGIES LTD. 

CONSOLIDATED STATEMENTS OF OPERATIONS

FOR YEAR ENDED DECEMBER 31, 2024, 2023 AND 2022 

(In thousands, except share and per share data) 

202420232022RevenueRevenue from fees (including related party revenues of $679,101, $622,160 and $653,471 for the years ended December 31, 2024, 2023 and 2022, respectively)$1,004,550 $772,814 $685,414 Other IncomeInterest income32,291 38,748 57,758 Investment (loss) income (1)(4,593)489 5,756 Total Revenue and Other Income1,032,248 812,051 748,928 Production costs597,652 508,944 451,084 Technology, data and product development76,571 74,383 150,933 Sales and marketing50,404 49,773 104