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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Revenue    
Revenue from fees (including related party revenues of $178,511 and $153,793 for the three months ended March 31, 2024 and 2023, respectively) $ 237,004 $ 175,254
Other Income    
Interest income 7,744 10,397
Investment income (loss) [1] 528 987
Total Revenue and Other Income 245,276 186,638
Production costs 144,881 125,057
Technology, data and product development 19,380 21,131
Sales and marketing 10,257 14,300
General and administrative 63,068 51,126
Total Costs and Operating Expenses 237,586 211,614
Operating Income (Loss) 7,690 (24,976)
Other income (expenses), net (34,349) (66,980)
Income (Loss) Before Income Taxes (26,659) (91,956)
Income tax expense (benefit) 5,003 6,667
Net Loss Including Noncontrolling Interests (31,662) (98,623)
Less: Net income (loss) attributable to noncontrolling interests (10,439) (37,652)
Net Income (Loss) Attributable to Pagaya Technologies Ltd. $ (21,223) $ (60,971)
Net income (loss) per share attributable to Pagaya Technologies Ltd.:    
Basic (in dollars per share) [2] $ (0.33) $ (1.03)
Diluted (in dollars per share) [2] $ (0.33) $ (1.03)
Weighted average shares outstanding:    
Basic (in shares) [2] 64,504,458 59,255,864
Diluted (in shares) [2] 64,504,458 59,255,864
[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.