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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 Sep. 30, 2024 5,000,000                            
Ending balance at Sep. 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)             523,799                
Issuance of ordinary shares upon exercise of share options 2,495     2,495           2,495          
Issuance of ordinary shares upon vesting of RSUs (in shares)             1,872,182                
Issuance of ordinary shares upon employee stock purchase plan (in shares)             59,145                
Issuance of ordinary shares upon employee stock purchase plan 665     665           665          
Share-based compensation 51,600     51,600           51,600          
Issuance of ordinary shares, net of issuance cost and Equity Financing Purchase Agreement (in shares)               7,500,000 814,569            
Issuance of ordinary shares, net of issuance cost and Equity Financing Purchase Agreement   $ 89,956 $ 12,232   $ 89,956 $ 12,232         $ 89,956 $ 12,232      
Contributions of interests in consolidated VIEs 2,815                           2,815
Return of capital to interests in consolidated VIEs (7,892)                           (7,892)
Other comprehensive income (loss) (86,273)     (90,876)                 (90,876)   4,603
Net income (loss) (188,572)     (163,484)                   (163,484) (25,088)
Ending balance (in shares) at Sep. 30, 2024             72,812,941                
Ending balance at Sep. 30, 2024 $ 542,775     462,309           1,258,862     (90,432) (706,121) 80,466
Beginning balance (in shares) at Jun. 30, 2024 5,000,000                            
Beginning balance at Jun. 30, 2024 $ 74,250                            
Ending balance (in shares) at Sep. 30, 2024 5,000,000                            
Ending balance at Sep. 30, 2024 $ 74,250                            
Beginning balance (in shares) at Jun. 30, 2024             71,595,691                
Beginning balance at Jun. 30, 2024 615,574     525,982           1,235,677     (71,050) (638,645) 89,592
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of ordinary shares upon exercise of share options (in shares)             250,881                
Issuance of ordinary shares upon exercise of share options 1,736     1,736           1,736          
Issuance of ordinary shares upon vesting of RSUs (in shares)             390,712                
Issuance of ordinary shares upon employee stock purchase plan (in shares)             59,145                
Issuance of ordinary shares upon employee stock purchase plan 665     665           665          
Share-based compensation 13,890     13,890           13,890          
Issuance of ordinary shares, net of issuance cost and Equity Financing Purchase Agreement (in shares)                 516,512            
Issuance of ordinary shares, net of issuance cost and Equity Financing Purchase Agreement     $ 6,894     $ 6,894           $ 6,894      
Return of capital to interests in consolidated VIEs (2,574)                           (2,574)
Other comprehensive income (loss) (19,179)     (19,382)                 (19,382)   203
Net income (loss) (74,231)     (67,476)                   (67,476) (6,755)
Ending balance (in shares) at Sep. 30, 2024             72,812,941                
Ending balance at Sep. 30, 2024 $ 542,775     462,309           1,258,862     (90,432) (706,121) 80,466
Beginning balance (in shares) at Dec. 31, 2024 5,000,000                            
Beginning balance at Dec. 31, 2024 $ 74,250                            
Redeemable Convertible Preferred Shares                              
Issuance of ordinary shares upon conversion of preferred shares (in shares) (2,972,853)                            
Issuance of ordinary shares upon conversion of preferred shares $ (44,147)                            
Ending balance (in shares) at Sep. 30, 2025 2,027,147                            
Ending balance at Sep. 30, 2025 $ 30,103                            
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) 706,096           730,188                
Issuance of ordinary shares upon exercise of share options $ 5,381     5,381           5,381          
Issuance of ordinary shares upon vesting of RSUs (in shares)             2,445,638                
Issuance of ordinary shares upon employee stock purchase plan (in shares)             99,243                
Issuance of ordinary shares upon employee stock purchase plan 1,164     1,164           1,164          
Issuance of ordinary shares upon conversion of preferred shares (in shares)             2,972,853                
Issuance of ordinary shares upon conversion of preferred shares 44,147     44,147           44,147          
Share-based compensation 47,821     47,821           47,821          
Return of capital to interests in consolidated VIEs (11,972)                           (11,972)
Other comprehensive income (loss) (34,580)     (33,802)                 (33,802)   (778)
Net income (loss) 42,328     47,093                   47,093 (4,765)
Ending balance (in shares) at Sep. 30, 2025             80,127,904                
Ending balance at Sep. 30, 2025 $ 535,835     438,295           1,380,535     (45,290) (896,950) 97,540
Beginning balance (in shares) at Jun. 30, 2025 5,000,000                            
Beginning balance at Jun. 30, 2025 $ 74,250                            
Redeemable Convertible Preferred Shares                              
Issuance of ordinary shares upon conversion of preferred shares (in shares) (2,972,853)                            
Issuance of ordinary shares upon conversion of preferred shares $ (44,147)                            
Ending balance (in shares) at Sep. 30, 2025 2,027,147                            
Ending balance at Sep. 30, 2025 $ 30,103                            
Beginning balance (in shares) at Jun. 30, 2025             76,161,969                
Beginning balance at Jun. 30, 2025 467,979     366,752           1,319,312     (33,065) (919,495) 101,227
Increase (Decrease) in Stockholders' Equity [Roll Forward]                              
Issuance of ordinary shares upon exercise of share options (in shares)             222,279                
Issuance of ordinary shares upon exercise of share options 1,996     1,996           1,996          
Issuance of ordinary shares upon vesting of RSUs (in shares)             727,436                
Issuance of ordinary shares upon employee stock purchase plan (in shares)             43,367                
Issuance of ordinary shares upon employee stock purchase plan 572     572           572          
Issuance of ordinary shares upon conversion of preferred shares (in shares)             2,972,853                
Issuance of ordinary shares upon conversion of preferred shares 44,147     44,147           44,147          
Share-based compensation 14,508     14,508           14,508          
Return of capital to interests in consolidated VIEs (3,552)                           (3,552)
Other comprehensive income (loss) (13,088)     (12,225)                 (12,225)   (863)
Net income (loss) 23,273     22,545                   22,545 728
Ending balance (in shares) at Sep. 30, 2025             80,127,904                
Ending balance at Sep. 30, 2025 $ 535,835     $ 438,295           $ 1,380,535     $ (45,290) $ (896,950) $ 97,540