Company: PGYWW
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001883085-25-000082
Chunk: 1

Company: Pagaya Technologies Ltd.
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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 893 Long-term debt300,169 303,567 Exchangeable notes146,925 146,342 Secured borrowing60,691 67,010 Operating lease liabilities28,574 30,611 Long-term tax and deferred tax liabilities, net26,266 31,359 Total non-current liabilities564,617 579,782 Total Liabilities763,312 775,276 Redeemable convertible preferred shares, no par value, 6,666,666 shares authorized, 5,000,000 shares issued and outstanding as of March 31, 2025 and December 31, 2024; aggregate liquidation preference of $150,000 as of March 31, 2025 and December 31, 2024.74,250 74,250 Shareholders’ equity:Class A ordinary shares, no par value, 666,666,666 shares authorized, 62,778,642 and 61,227,672 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively.— — 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 March 31, 2025 and December 31, 2024, respectively.— — Additional paid-in capital1,299,010 1,282,022 Accumulated other comprehensive loss(27,370)(11,488)Accumulated deficit(936,150)(944,043)Total Pagaya Technologies Ltd. shareholders’ equity335,490 326,491 Noncontrolling interests105,313 115,055 Total shareholders’ equity440,803 441,546 Total Liabilities, Redeemable Convertible Preferred Shares, and Shareholders’ Equity$1,278,365 $1,291,072 

(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.

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

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Table of Contents

PAGAYA TECHNOLOGIES LTD. 

CONDENSED CONSOLIDATED STATEMENTS OF INCOME (