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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
Total Pagaya Technologies Ltd. Shareholders’ Equity
Private Placement, Ordinary Share Offering
Total Pagaya Technologies Ltd. Shareholders’ Equity
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 Jun. 30, 2024 5,000,000                            
Ending balance at Jun. 30, 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)             272,918                
Issuance of ordinary shares upon exercise of share options 759     759           759          
Issuance of ordinary shares upon vesting of RSUs (in shares)             1,481,470                
Share-based compensation 37,710     37,710           37,710          
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   $ 89,956 $ 5,338   $ 89,956 $ 5,338         $ 89,956 $ 5,338      
Contributions of interests in consolidated VIEs 2,815                           2,815
Return of capital to interests in consolidated VIEs (5,318)                           (5,318)
Other comprehensive income (loss) (67,094)     (71,494)                 (71,494)   4,400
Net income (loss) (114,341)     (96,008)                   (96,008) (18,333)
Ending balance (in shares) at Jun. 30, 2024             71,595,691                
Ending balance at Jun. 30, 2024 $ 615,574     525,982           1,235,677     (71,050) (638,645) 89,592
Beginning balance (in shares) at Mar. 31, 2024 5,000,000                            
Beginning balance at Mar. 31, 2024 $ 74,250                            
Ending balance (in shares) at Jun. 30, 2024 5,000,000                            
Ending balance at Jun. 30, 2024 $ 74,250                            
Beginning balance (in shares) at Mar. 31, 2024             70,602,363                
Beginning balance at Mar. 31, 2024 725,911     626,830           1,214,969     (24,279) (563,860) 99,081
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of ordinary shares upon exercise of share options (in shares)             172,305                
Issuance of ordinary shares upon exercise of share options 598     598           598          
Issuance of ordinary shares upon vesting of RSUs (in shares)             821,023                
Share-based compensation 20,093     20,093           20,093          
Issuance of ordinary shares, net of issuance cost and Equity Financing Purchase Agreement 17     17           17          
Return of capital to interests in consolidated VIEs (2,803)                           (2,803)
Other comprehensive income (loss) (45,563)     (46,771)                 (46,771)   1,208
Net income (loss) (82,679)     (74,785)                   (74,785) (7,894)
Ending balance (in shares) at Jun. 30, 2024             71,595,691                
Ending balance at Jun. 30, 2024 $ 615,574     525,982           1,235,677     (71,050) (638,645) 89,592
Beginning balance (in shares) at Dec. 31, 2024 5,000,000                            
Beginning balance at Dec. 31, 2024 $ 74,250                            
Ending balance (in shares) at Jun. 30, 2025 5,000,000                            
Ending balance at Jun. 30, 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) 494,281           507,909                
Issuance of ordinary shares upon exercise of share options $ 3,385     3,385           3,385          
Issuance of ordinary shares upon vesting of RSUs (in shares)             1,718,202                
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          
Share-based compensation 33,313     33,313           33,313          
Return of capital to interests in consolidated VIEs (8,420)                           (8,420)
Other comprehensive income (loss) (21,492)     (21,577)                 (21,577)   85
Net income (loss) 19,055     24,548                   24,548 (5,493)
Ending balance (in shares) at Jun. 30, 2025             76,161,969                
Ending balance at Jun. 30, 2025 $ 467,979     366,752           1,319,312     (33,065) (919,495) 101,227
Beginning balance (in shares) at Mar. 31, 2025 5,000,000                            
Beginning balance at Mar. 31, 2025 $ 74,250                            
Ending balance (in shares) at Jun. 30, 2025 5,000,000                            
Ending balance at Jun. 30, 2025 $ 74,250                            
Beginning balance (in shares) at Mar. 31, 2025             75,430,952                
Beginning balance at Mar. 31, 2025 440,803     335,490           1,299,010     (27,370) (936,150) 105,313
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of ordinary shares upon exercise of share options (in shares)             126,638                
Issuance of ordinary shares upon exercise of share options 1,118     1,118           1,118          
Issuance of ordinary shares upon vesting of RSUs (in shares)             604,379                
Share-based compensation 19,184     19,184           19,184          
Return of capital to interests in consolidated VIEs (3,981)                           (3,981)
Other comprehensive income (loss) (5,708)     (5,695)                 (5,695)   (13)
Net income (loss) 16,563     16,655                   16,655 (92)
Ending balance (in shares) at Jun. 30, 2025             76,161,969                
Ending balance at Jun. 30, 2025 $ 467,979     $ 366,752           $ 1,319,312     $ (33,065) $ (919,495) $ 101,227