Company: PGYWW
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001883085-25-000169
Chunk: 6

Company: Pagaya Technologies Ltd.
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 6
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, 20235,000,000 $74,250 62,043,246 $— $1,101,914 $444 $(542,637)$559,721 $106,028 $665,749 Issuance of ordinary shares upon exercise of share options— — 272,918 — 759 — — 759 — 759 Issuance of ordinary shares upon vesting of RSUs— — 1,481,470 — — — — — — — Issuance of ordinary shares, net of issuance costs of $5,312— — 7,500,000 — 89,956 — — 89,956 — 89,956 Share-based compensation— — — — 37,710 — — 37,710 — 37,710 Issuance of ordinary shares from the Equity Financing Purchase Agreement— — 298,057 — 5,338 — — 5,338 — 5,338 Contributions of interests in consolidated VIEs— — — — — — — — 2,815 2,815 Return of capital to interests in consolidated VIEs— — — — — — — — (5,318)(5,318)Other comprehensive income (loss)— — — — — (71,494)— (71,494)4,400 (67,094)Net income (loss)— — — — — — (96,008)(96,008)(18,333)(114,341)Balance – June 30, 20245,000,000 $74,250 71,595,691 $— $1,235,677 $(71,050)$(638,645)$525,982 $89,592 $615,574 

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

6

PAGAYA TECHNOLOGIES LTD. 

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED)

(In thousands) 

Six Months Ended June 30,20252024Cash flows from operating activitiesNet income (loss) including noncontrolling interests$19