CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands		Mar. 31, 2025	Dec. 31, 2024
Current assets:
Cash and cash equivalents		$ 186,797	$ 187,921
Restricted cash		18,123	18,595
Fees and other receivables (including related party receivables of $62,141 and $70,198 as of March 31, 2025 and December 31, 2024, respectively)	[1]	107,543	97,932
Investments in loans and securities	[1]	19,665	22,087
Prepaid expenses and other current assets (including related party assets of $15,662 and $15,180 as of March 31, 2025 and December 31, 2024, respectively)		23,435	24,944
Total current assets		355,563	351,479
Non-current assets:
Restricted cash		24,714	20,002
Fees and other receivables (including related party receivables of $28,603 and $29,182 as of March 31, 2025 and December 31, 2024, respectively)		28,427	29,182
Investments in loans and securities		740,828	756,322
Equity method and other investments		21,543	21,933
Right-of-use assets		35,371	36,876
Property and equipment, net		36,135	37,974
Goodwill		22,903	23,062
Intangible assets, net		11,671	12,821
Prepaid expenses and other assets		1,210	1,421
Total non-current assets		922,802	939,593
Total Assets		1,278,365	1,291,072
Current liabilities:
Accounts payable		10,006	6,992
Accrued expenses and other liabilities		33,621	45,362
Current maturities of operating lease liabilities		6,574	6,453
Current portion of long-term debt		17,750	17,750
Secured borrowing		118,058	109,079
Income taxes payable		12,686	9,858
Total current liabilities		198,695	195,494
Non-current liabilities:
Warrant liability		1,992	893
Long-term debt		300,169	303,567
Exchangeable notes		146,925	146,342
Secured borrowing		60,691	67,010
Operating lease liabilities		28,574	30,611
Long-term tax and deferred tax liabilities, net		26,266	31,359
Total non-current liabilities		564,617	579,782
Total Liabilities		763,312	775,276
Redeemable convertible preferred shares, no par value, 6,666,666 shares authorized, 5,000,000 shares issued and outstanding as of March 31, 2025 and December 31, 2024; aggregate liquidation preference of $150,000 as of March 31, 2025 and December 31, 2024.		74,250	74,250
Shareholders’ equity:
Additional paid-in capital		1,299,010	1,282,022
Accumulated other comprehensive loss		(27,370)	(11,488)
Accumulated deficit		(936,150)	(944,043)
Total Pagaya Technologies Ltd. shareholders’ equity		335,490	326,491
Noncontrolling interests		105,313	115,055
Total shareholders’ equity		440,803	441,546
Total Liabilities, Redeemable Convertible Preferred Shares, and Shareholders’ Equity		1,278,365	1,291,072
Common Class A
Shareholders’ equity:
Common stock		0	0
Common Class B
Shareholders’ equity:
Common stock		$ 0	$ 0

[1] (1) Accrued interest receivable of $14.3 million, previously reported within “Fee and other receivables” as of December 31, 2024, has been reclassified to “Investment in loans and securities” to conform to the current period’s presentation.