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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Revenue      
Revenue from fees (including related party revenues of $622,260, $653,471 and $445,866 for the years ended December 31, 2023, 2022 and 2021, respectively) $ 772,814 $ 685,414 $ 445,866
Other Income      
Interest income 38,748 57,758 28,877
Investment income (loss) [1] 489 5,756 (155)
Total Revenue and Other Income 812,051 748,928 474,588
Production costs 508,944 451,084 232,324
Technology, data and product development 74,383 150,933 66,211
Sales and marketing 49,773 104,203 49,627
General and administrative 203,351 294,213 132,235
Total Costs and Operating Expenses 836,451 1,000,433 480,397
Operating Income (Loss) (24,400) (251,505) (5,809)
Other income (expenses), net (156,768) (24,869) (55,839)
Income (Loss) Before Income Taxes (181,168) (276,374) (61,648)
Income tax expense (benefit) 15,571 16,400 7,875
Net Loss Including Noncontrolling Interests (196,739) (292,774) (69,523)
Less: Net income (loss) attributable to noncontrolling interests (68,301) 9,547 21,628
Net Income (Loss) Attributable to Pagaya Technologies Ltd. (128,438) (302,321) (91,151)
Per share data:      
Net income (loss) attributable to Pagaya Technologies Ltd. (128,438) (302,321) (91,151)
Less: Undistributed earnings allocated to participating securities 0 (12,205) (19,558)
Deemed dividend from secondary transactions 0 0 (23,612)
Net income (loss) attributed to Pagaya Technologies Ltd. $ (128,438) $ (314,526) $ (134,321)
Net income (loss) per share attributable to Pagaya Technologies Ltd.:      
Basic (in dollars per share) [2] $ (2.14) $ (8.22) $ (8.25)
Diluted (in dollars per share) [2] $ (2.14) $ (8.22) $ (8.25)
Weighted average shares outstanding:      
Basic (in shares) [2] 60,038,893 38,253,737 16,276,048
Diluted (in shares) [2] 60,038,893 38,253,737 16,276,048
[1] Includes income from proprietary investments.
[2] Share amounts have been retroactively adjusted to reflect the 1-for-12 reverse share split effected on March 8, 2024.