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CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT) - USD ($)
$ in Thousands
Total
Series D
Series E
Series B
Total Pagaya Technologies Ltd. Shareholders’ Equity (Deficit)
Ordinary Shares (Class A and Class B)
Additional Paid-In Capital
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Non-Controlling Interests
Beginning balance at Dec. 31, 2019 [1] 240,046,195                  
Beginning balance (in shares) at Dec. 31, 2019 $ 43,613                  
Redeemable Convertible Preferred Shares                    
Number of shares issued (in shares) [1] 63,806,415                  
Issuance of convertible preferred shares net of issuance costs $ 48,146                  
Issuance of preferred shares upon exercise of warrants (in shares) [1]   17,953,350                
Issuance of preferred shares upon exercise of warrants   $ 14,222                
Ending balance at Dec. 31, 2020 [1] 321,805,960                  
Ending balance (in shares) at Dec. 31, 2020 $ 105,981                  
Beginning balance (in shares) at Dec. 31, 2019 [1]           188,621,632        
Beginning balance at Dec. 31, 2019 $ 13,375       $ (11,426) $ 0 $ 159 $ 0 $ (11,585) $ 24,801
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of ordinary shares upon exercise of share options (in shares) 1,775,510         1,775,510 [1]        
Share-based compensation $ 156       156   156      
Contributions of interests in consolidated VIEs 74,560                 74,560
Return of capital to interests in consolidated VIEs (19,868)                 (19,868)
Net Income (Loss) Including Noncontrolling Interests 19,922       14,470       14,470 5,452
Ending balance (in shares) at Dec. 31, 2020 [1]           190,397,142        
Ending balance at Dec. 31, 2020 $ 88,145       3,200 $ 0 315 0 2,885 84,945
Redeemable Convertible Preferred Shares                    
Number of shares issued (in shares) [1]   45,853,066 35,006,986              
Issuance of convertible preferred shares net of issuance costs   $ 36,639 $ 136,006              
Issuance of preferred shares upon exercise of warrants (in shares) [1]   1,000,616   2,732,401            
Issuance of preferred shares upon exercise of warrants   $ 6,009   $ 22,412            
Ending balance at Dec. 31, 2021 [1] 406,399,029                  
Ending balance (in shares) at Dec. 31, 2021 $ 307,047 $ 105,016 $ 136,006 $ 36,635            
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of ordinary shares upon exercise of share options (in shares) 3,948,649         3,948,649 [1]        
Issuance of ordinary shares upon exercise of share options $ 346       346   346      
Share-based compensation 68,090       68,090   68,090      
Deemed contribution 23,612       23,612   23,612      
Deemed dividend distribution (23,612)       (23,612)          
Issuance of ordinary share warrants 20,807       20,807   20,807      
Contributions of interests in consolidated VIEs 151,035                 151,035
Return of capital to interests in consolidated VIEs (81,548)                 (81,548)
Net Income (Loss) Including Noncontrolling Interests (69,523)       (91,151)       (91,151) 21,628
Ending balance (in shares) at Dec. 31, 2021 [1]           194,345,791        
Ending balance at Dec. 31, 2021 $ 177,352       1,292 $ 0 113,170 0 (111,878) 176,060
Redeemable Convertible Preferred Shares                    
Issuance of ordinary shares in connection with the Merger and PIPE Investment, net of issuance costs of $57,400 (in shares) [1] (406,399,029)                  
Issuance of ordinary shares in connection with the Merger and PIPE Investment, net of issuance costs of $57,400 $ (307,047)                  
Ending balance at Dec. 31, 2022 [1] 0                  
Ending balance (in shares) at Dec. 31, 2022 $ 0                  
Increase (Decrease) in Stockholders' Equity [Roll Forward]                    
Issuance of ordinary shares upon exercise of share options (in shares) 16,725,583         16,725,583 [1]        
Issuance of ordinary shares upon exercise of share options $ 1,617       1,617   1,617      
Issuance of ordinary shares upon vesting of RSUs (in shares) [1]           122,906        
Issuance of ordinary shares upon exercise of warrants (in shares) [1]           22,539,369        
Number of shares of common stock issued (in shares) [1]           46,536        
Issuance of ordinary shares related to commitment shares 1,000       1,000   1,000      
Issuance of ordinary shares in connection with the Merger and PIPE Investment, net of issuance costs of $57,400 (in shares) [1]           449,531,406        
Issuance of ordinary shares in connection with the Merger and PIPE Investment, net of issuance costs of $57,400 581,359       581,359   581,359      
Share-based compensation 250,711       250,711   250,711      
Issuance of ordinary share warrants 20,575       20,575   20,575      
Contributions of interests in consolidated VIEs 105,469                 105,469
Return of capital to interests in consolidated VIEs (77,764)                 (77,764)
Other comprehensive income (loss) (2,122)       (713)     (713)   (1,409)
Net Income (Loss) Including Noncontrolling Interests (292,774)       (302,321)       (302,321) 9,547
Ending balance (in shares) at Dec. 31, 2022 [1]           683,311,591        
Ending balance at Dec. 31, 2022 $ 765,423       $ 553,520 $ 0 $ 968,432 $ (713) $ (414,199) $ 211,903
[1] Prior period amounts have been retroactively adjusted to reflect the 1:186.9 stock split effected on June 22, 2022.