CONDENSED CONSOLIDATED BALANCE SHEETS (UNAUDITED) - USD ($) $ in Thousands		Mar. 31, 2026	Dec. 31, 2025
Assets
Cash and cash equivalents		$ 317,813	$ 235,329
Restricted cash and cash equivalents		62,218	53,020
Fees receivables	[1]	170,688	153,250
Investments in loans and securities at fair value		941,367	945,269
Equity method and other investments		14,805	13,518
Right-of-use assets		28,965	30,578
Property, equipment and software, net		31,413	30,221
Goodwill		22,903	22,903
Intangible assets, net		6,231	7,661
Other assets	[1]	52,240	54,165
Total Assets		1,648,643	1,545,914
Liabilities:
Accounts payable		3,796	3,931
Accrued expenses and other liabilities		63,472	74,635
Operating lease liabilities		32,619	34,212
Income taxes payable and other tax liabilities		23,561	18,687
Warrant liability		561	4,723
Revolving credit facility		114,700	0
Secured borrowing		156,275	193,892
Exchangeable notes		149,416	148,782
Long-term debt		474,988	481,598
Total Liabilities		1,019,388	960,460
Redeemable convertible preferred shares, no par value, 6,666,666 shares authorized, 2,027,147 shares issued and outstanding as of both March 31, 2026 and December 31, 2025; aggregate liquidation preference of $60,814 as of both March 31, 2026 and December 31, 2025.		30,103	30,103
Shareholders’ equity:
Additional paid-in capital		1,399,545	1,390,990
Accumulated other comprehensive loss		(32,276)	(48,319)
Accumulated deficit		(837,960)	(862,654)
Total Pagaya Technologies Ltd. shareholders’ equity		529,309	480,017
Noncontrolling interests		69,843	75,334
Total shareholders’ equity		599,152	555,351
Total Liabilities, Redeemable Convertible Preferred Shares, and Shareholders’ Equity		1,648,643	1,545,914
Common Class A
Shareholders’ equity:
Common stock		0	0
Common Class B
Shareholders’ equity:
Common stock		$ 0	$ 0

[1] Includes related party fee receivables of $108.9 million and $106.9 million and related party other assets of $41.1 million and $42.6 million, as of March 31, 2026 and December 31, 2025, respectively. See Note 11 for additional information regarding transactions with related parties.