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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Revenue      
Revenue from fees (including related party revenues of $679,101, $622,160 and $653,471 for the years ended December 31, 2024, 2023 and 2022, respectively) $ 1,004,550 $ 772,814 $ 685,414
Other Income      
Interest income 32,291 38,748 57,758
Investment (loss) income [1] (4,593) 489 5,756
Total Revenue and Other Income 1,032,248 812,051 748,928
Production costs 597,652 508,944 451,084
Technology, data and product development 76,571 74,383 150,933
Sales and marketing 50,404 49,773 104,203
General and administrative 240,781 203,351 294,213
Total Costs and Operating Expenses 965,408 836,451 1,000,433
Operating Income (Loss) 66,840 (24,400) (251,505)
Other expenses, net (487,962) (156,768) (24,869)
Loss Before Income Taxes (421,122) (181,168) (276,374)
Income tax expense 24,576 15,571 16,400
Net Loss Including Noncontrolling Interests (445,698) (196,739) (292,774)
Less: Net (loss) income attributable to noncontrolling interests (44,292) (68,301) 9,547
Net Loss Attributable to Pagaya Technologies Ltd. (401,406) (128,438) (302,321)
Per share data:      
Net loss attributable to Pagaya Technologies Ltd. (401,406) (128,438) (302,321)
Less: Undistributed earnings allocated to participated securities 0 0 (12,205)
Net loss attributed to Pagaya Technologies Ltd. $ (401,406) $ (128,438) $ (314,526)
Net loss per share attributable to Pagaya Technologies Ltd.:      
Basic (in dollars per share) [2] $ (5.66) $ (2.14) $ (8.22)
Diluted (in dollars per share) [2] $ (5.66) $ (2.14) $ (8.22)
Weighted average shares outstanding:      
Basic (in shares) [2] 70,879,807 60,038,893 38,253,737
Diluted (in shares) [2] 70,879,807 60,038,893 38,253,737
[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.