XML 20 R7.htm IDEA: XBRL DOCUMENT v3.25.1
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN REDEEMABLE CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS’ EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Private Placement, Ordinary Share Offering
Private Placement, Equity Financing Purchase Agreement
Total Pagaya Technologies Ltd. Shareholders’ Equity (Deficit)
Total Pagaya Technologies Ltd. Shareholders’ Equity (Deficit)
Private Placement, Ordinary Share Offering
Total Pagaya Technologies Ltd. Shareholders’ Equity (Deficit)
Private Placement, Equity Financing Purchase Agreement
Ordinary Shares (Class A and Class B)
Ordinary Shares (Class A and Class B)
Private Placement, Ordinary Share Offering
Ordinary Shares (Class A and Class B)
Private Placement, Equity Financing Purchase Agreement
Additional Paid-In Capital
Additional Paid-In Capital
Private Placement, Ordinary Share Offering
Additional Paid-In Capital
Private Placement, Equity Financing Purchase Agreement
Accumulated Other Comprehensive Income (Loss)
Retained Earnings (Accumulated Deficit)
Non-Controlling Interests
Beginning balance (in shares) at Dec. 31, 2023 5,000,000                            
Beginning balance at Dec. 31, 2023 $ 74,250                            
Ending balance (in shares) at Mar. 31, 2024 5,000,000                            
Ending balance at Mar. 31, 2024 $ 74,250                            
Beginning balance (in shares) at Dec. 31, 2023             62,043,246                
Beginning balance at Dec. 31, 2023 665,749     $ 559,721           $ 1,101,914     $ 444 $ (542,637) $ 106,028
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of ordinary shares upon exercise of share options (in shares)             100,613                
Issuance of ordinary shares upon exercise of share options 161     161           161          
Issuance of ordinary shares upon vesting of RSUs (in shares)             660,447                
Share-based compensation 17,618     17,618           17,618          
Issuance of ordinary shares, net of issuance cost and Equity Financing Purchase Agreement (in shares)               7,500,000 298,057            
Issuance of ordinary shares, net of issuance cost and Equity Financing Purchase Agreement   $ 89,938 $ 5,338   $ 89,938 $ 5,338         $ 89,938 $ 5,338      
Contributions of interests in consolidated VIEs 2,815                           2,815
Return of capital to interests in consolidated VIEs (2,515)                           (2,515)
Other comprehensive income (loss) (21,531)     (24,723)                 (24,723)   3,192
Net income (loss) (31,662)     (21,223)                   (21,223) (10,439)
Ending balance (in shares) at Mar. 31, 2024             70,602,363                
Ending balance at Mar. 31, 2024 $ 725,911     626,830           1,214,969     (24,279) (563,860) 99,081
Beginning balance (in shares) at Dec. 31, 2024 5,000,000                            
Beginning balance at Dec. 31, 2024 $ 74,250                            
Ending balance (in shares) at Mar. 31, 2025 5,000,000                            
Ending balance at Mar. 31, 2025 $ 74,250                            
Beginning balance (in shares) at Dec. 31, 2024             73,879,982                
Beginning balance at Dec. 31, 2024 $ 441,546     326,491           1,282,022     (11,488) (944,043) 115,055
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of ordinary shares upon exercise of share options (in shares) 376,564           381,271                
Issuance of ordinary shares upon exercise of share options $ 2,267     2,267           2,267          
Issuance of ordinary shares upon vesting of RSUs (in shares)             1,113,823                
Share-based compensation 14,129     14,129           14,129          
Issuance of ordinary shares upon employee stock purchase plan (in shares)             55,876                
Issuance of ordinary shares upon employee stock purchase plan 592     592           592          
Return of capital to interests in consolidated VIEs (4,439)                           (4,439)
Other comprehensive income (loss) (15,784)     (15,882)                 (15,882)   98
Net income (loss) 2,492     7,893                   7,893 (5,401)
Ending balance (in shares) at Mar. 31, 2025             75,430,952                
Ending balance at Mar. 31, 2025 $ 440,803     $ 335,490           $ 1,299,010     $ (27,370) $ (936,150) $ 105,313