Company: PGYWW
Filing Date: 2025-03-12
Form Type: 10-K
Source: 0001883085-25-000050
Chunk: 79

Company: Pagaya Technologies Ltd.
Filing Date: 2025-03-12
Form: 10-K
Item: Item 16
Chunk 79
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, basic and diluted$(247,919)$(66,607)Denominator:Weighted average shares used for net loss per ordinary share, basic and diluted30,152,7468,100,990Net loss per share attributable to ordinary shareholders, basic and diluted$(8.22)$(8.22)The following potentially dilutive outstanding securities as of December 31, 2024, 2023 and 2022 were excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods: December 31,202420232022Share options3,740,789 3,895,087 6,379,785 Options to restricted shares19,948,408 20,046,080 20,217,940 RSUs3,009,918 3,034,203 479,497 Ordinary share warrants2,016,321 2,016,326 1,955,725 Redeemable convertible preferred shares5,000,000 5,000,000 — Exchangeable notes11,434,704 — — Net potential dilutive outstanding securities45,150,140 33,991,696 29,032,947 

NOTE 19 - SEGMENTS AND GEOGRAPHICAL INFORMATION

Segment InformationThe Company manages, monitors, and reports its financial performance as a single operating segment. The Company's chief operating decision-maker (CODM), who is the Chief Executive Officer, assesses performance, makes operating decisions, and allocates resources based on consolidated financial information. In accordance with Accounting Standards Update 2023-09, which requires public entities to disclose significant segment expense categories and amounts for each reportable segment, the following disclosures are provided for the Company's single reportable segment:Year Ended December 31,202420232022(in thousands)Personnel related costs$175,631 $189,965 $368,914 Non-personnel related costs (1)192,125 137,542 180,435 Total (2)$367,756 $327,507 $549,349 (1) Non-personnel related costs include a loss of $36.4 million and $22.9 million recorded within general and administrative expenses on the consolidated statements of operations for the years ended December 31, 2024 and 2022, respectively, with respect to assets purchased from the Financing Vehicles.