Pagaya Technologies Ltd.
For the period ended Jun 30, 2025. Filed Aug 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.
Jun 30, 2025 · Filed Aug 7, 2025
PGY$18.19+3.9%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Condensed Consolidated Statements of Operations
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)
(In thousands, except share and per share data)
| Three Months Ended June 30, | Six Months Ended June 30, | |||
|---|---|---|---|---|
| 2025 | 2024 | 2025 | 2024 | |
| Revenue | ||||
| Revenue from fees (1) | $317,714 | $242,594 | $600,418 | $479,598 |
| Other Income | ||||
| Interest income | 10,739 | 8,193 | 18,415 | 15,937 |
| Investment (loss) income, net (2) | (2,055) | (443) | (2,446) | 85 |
| Total Revenue and Other Income | 326,398 | 250,344 | 616,387 | 495,620 |
| Production costs | 191,465 | 145,602 | 358,548 | 290,483 |
| Technology, data and product development | 18,455 | 21,935 | 37,899 | 41,315 |
| Sales and marketing | 19,660 | 13,331 | 29,254 | 23,588 |
| General and administrative | 40,349 | 64,449 | 86,532 | 127,517 |
| Total Costs and Operating Expenses | 269,929 | 245,317 | 512,233 | 482,903 |
| Operating Income | 56,469 | 5,027 | 104,154 | 12,717 |
| Other expenses, net | (34,928) | (73,194) | (82,661) | (107,543) |
| Income (Loss) Before Income Taxes | 21,541 | (68,167) | 21,493 | (94,826) |
| Income tax expense | 4,978 | 14,512 | 2,438 | 19,515 |
| Net Income (Loss) Including Noncontrolling Interests | 16,563 | (82,679) | 19,055 | (114,341) |
| Less: Net loss attributable to noncontrolling interests | (92) | (7,894) | (5,493) | (18,333) |
| Net Income (Loss) Attributable to Pagaya Technologies Ltd. | $16,655 | $(74,785) | $24,548 | $(96,008) |
| Per share data: | ||||
| Net income (loss) attributable to Pagaya Technologies Ltd. | $16,655 | $(74,785) | $24,548 | $(96,008) |
| Less: Undistributed earnings allocated to preferred shares | 1,017 | — | 1,509 | — |
| Net income (loss) attributed to Pagaya Technologies Ltd.’s ordinary shares | $15,638 | $(74,785) | $23,039 | $(96,008) |
| Earnings (loss) per share attributable to Pagaya Technologies Ltd.: | ||||
| Basic | $0.20 | $(1.04) | $0.30 | $(1.41) |
| Diluted | $0.20 | $(1.04) | $0.29 | $(1.41) |
| Weighted average shares outstanding: | ||||
| Basic | 76,873,529 | 71,765,884 | 76,347,801 | 68,113,860 |
| Diluted | 79,667,635 | 71,765,884 | 78,301,110 | 68,113,860 |
(1) See Note 9 for additional information regarding the transactions with related parties.
(2) Includes income from proprietary investments.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.