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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF FINANCIAL POSITION - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Current assets:    
Cash and cash equivalents $ 304,047 $ 309,793
Restricted cash 22,540 22,539
Fees and other receivables (including related party receivables of $53,954 and $49,427 as of June 30, 2023 and December 31, 2022, respectively) 68,034 59,219
Investments in loans and securities 2,141 1,007
Prepaid expenses and other current assets (including related party assets of $16,372 and $18,783 as of June 30, 2023 and December 31, 2022, respectively) 24,619 27,258
Total current assets 421,381 419,816
Restricted cash 4,781 4,744
Fees and other receivables (including related party receivables of $37,127 and $38,332 as of June 30, 2023 and December 31, 2022, respectively) 37,505 38,774
Investments in loans and securities 588,314 462,969
Equity method and other investments 26,615 25,894
Right-of-use assets 56,748 61,077
Property and equipment, net 38,028 31,663
Goodwill 9,782 0
Intangible assets 3,826 0
Prepaid expenses and other assets 104 142
Total non-current assets 765,703 625,263
Total Assets 1,187,084 1,045,079
Current liabilities:    
Accounts payable 3,789 1,739
Accrued expenses and other liabilities (including related party liabilities of $647 and $636 as of June 30, 2023 and December 31, 2022, respectively) 28,402 49,496
Operating lease liability - current 7,169 8,530
Secured borrowing - current 66,113 61,829
Income taxes payable - current 6,239 6,424
Total current liabilities 111,712 128,018
Non-current liabilities:    
Warrant liability 3,835 1,400
Revolving credit facility 90,000 15,000
Secured borrowing - non-current 150,467 77,802
Operating lease liability - non-current 43,921 49,097
Income taxes payable - non-current 9,206 7,771
Deferred tax liabilities, net - non-current 570 568
Total non-current liabilities 297,999 151,638
Total liabilities 409,711 279,656
Redeemable convertible preferred shares, no par value, 80,000,000 shares authorized, 60,000,000 shares issued and outstanding as of June 30, 2023; aggregate liquidation preference of $150,000 as of June 30, 2023. 74,250 0
Shareholders’ equity:    
Additional paid-in capital 1,027,687 968,432
Accumulated other comprehensive income (loss) 1,963 (713)
Accumulated deficit (506,467) (414,199)
Total Pagaya Technologies Ltd. shareholders’ equity 523,183 553,520
Noncontrolling interests 179,940 211,903
Total shareholders’ equity 703,123 765,423
Total Liabilities, Redeemable Convertible Preferred Shares, and Shareholders’ Equity 1,187,084 1,045,079
Common Class A    
Shareholders’ equity:    
Common stock 0 0
Common Class B    
Shareholders’ equity:    
Common stock $ 0 $ 0