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CONSOLIDATED STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Current assets:    
Cash and cash equivalents $ 309,793 $ 190,778
Restricted cash 22,539 7,000
Short-term deposits 0 5,020
Fees and other receivables (including related party receivables of $49,427 and $32,332 of December 31, 2022 and December 31, 2021, respectively) 59,219 32,332
Investments in loans and securities 1,007 5,142
Prepaid expenses and other current assets (including related party assets of $18,783 and $1,367 as of December 31, 2022 and December 31, 2021, respectively) 27,258 6,263
Total current assets 419,816 246,535
Restricted cash 4,744 6,797
Fees and other receivables (including related party receivables of $38,332 and $19,208 as of December 31, 2022 and December 31, 2021, respectively) 38,774 19,208
Investments in loans and securities 462,969 277,582
Equity method and other investments 25,894 14,841
Right-of-use asset 61,077  
Property and equipment, net 31,663 7,648
Deferred tax assets, net   5,681
Deferred offering costs 0 11,966
Prepaid expenses and other assets 142 0
Total non-current assets 625,263 343,723
Total Assets 1,045,079 590,258
Current liabilities:    
Accounts payable 1,739 11,580
Accrued expenses and other liabilities (including related party liabilities of $636 and $2,510 as of December 31, 2022 and December 31, 2021, respectively) 49,496 17,093
Operating lease liability - current 8,530  
Secured borrowing - current 61,829 0
Income taxes payable - current 6,424 0
Total current liabilities 128,018 28,673
Non-current liabilities:    
Warrant liability 1,400 27,469
Revolving credit facility 15,000 0
Secured borrowing - non-current 77,802 37,905
Operating lease liability - non-current 49,097  
Income taxes payable - non-current 7,771 11,812
Deferred tax liabilities, net - non-current 568  
Total non-current liabilities 151,638 77,186
Liabilities 279,656 105,859
Redeemable convertible preferred shares 0 307,047
Shareholders’ equity (deficit):    
Additional paid-in capital 968,432 113,170
Accumulated other comprehensive income (loss) (713) 0
Accumulated deficit (414,199) (111,878)
Total Pagaya Technologies Ltd. shareholders’ equity 553,520 1,292
Noncontrolling interests 211,903 176,060
Total shareholders’ equity 765,423 177,352
Total Liabilities, Redeemable Convertible Preferred Shares and Shareholders’ Equity $ 1,045,079 $ 590,258