Pagaya Technologies Ltd.
For the period ended Mar 31, 2025. Filed May 7, 2025.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Mar 31, 2025 · Filed May 7, 2025
PGY$17.21-5.4%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Income
CONDENSED CONSOLIDATED STATEMENTS OF INCOME (UNAUDITED)
(In thousands, except share and per share data)
| Three Months Ended March 31, | ||
|---|---|---|
| 2025 | 2024 | |
| Revenue | ||
| Revenue from fees (including related party revenues of $167,876 and $178,511 for the three months ended March 31, 2025 and 2024, respectively) | $282,704 | $237,004 |
| Other Income | ||
| Interest income | 7,676 | 7,744 |
| Investment (loss) income (1) | (391) | 528 |
| Total Revenue and Other Income | 289,989 | 245,276 |
| Production costs | 167,083 | 144,881 |
| Technology, data and product development | 19,444 | 19,380 |
| Sales and marketing | 9,594 | 10,257 |
| General and administrative | 46,183 | 63,068 |
| Total Costs and Operating Expenses | 242,304 | 237,586 |
| Operating Income | 47,685 | 7,690 |
| Other expenses, net | (47,733) | (34,349) |
| Loss Before Income Taxes | (48) | (26,659) |
| Income tax (benefit) expense | (2,540) | 5,003 |
| Net Income (Loss) Including Noncontrolling Interests | 2,492 | (31,662) |
| Less: Net loss attributable to noncontrolling interests | (5,401) | (10,439) |
| Net Income (Loss) Attributable to Pagaya Technologies Ltd. | $7,893 | $(21,223) |
| Per share data: | ||
| Net income (loss) attributable to Pagaya Technologies Ltd. | $7,893 | $(21,223) |
| Less: Undistributed earnings allocated to preferred shares | 489 | — |
| Net income (loss) attributed to Pagaya Technologies Ltd.’s ordinary shares | $7,404 | $(21,223) |
| Earnings (loss) per share attributable to Pagaya Technologies Ltd.: | ||
| Basic | $0.10 | $(0.33) |
| Diluted | $0.10 | $(0.33) |
| Weighted average shares outstanding: | ||
| Basic | 75,765,080 | 64,504,458 |
| Diluted | 77,043,464 | 64,504,458 |
(1)Includes income from proprietary investments.
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