← Pagaya Technologies Ltd.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Current assets: | ||||||
| Cash and Cash Equivalents, at Carrying Value | $190.8m | $309.8m | $186.5m | $187.9m | $235.3m | |
| Prepaid Expense and Other Assets, Current | $6.3m | $27.3m | $18.0m | $24.9m | — | |
| Cash and cash equivalents | $190.8m | $309.8m | $186.5m | $187.9m | $235.3m | |
| Fees and other receivables (including related party receivables of $51,036 and $49,427 as of December 31, 2023 and December 31, 2022, respectively) | $19.2m | $38.8m | $34.2m | — | — | |
| Prepaid expenses and other current assets (including related party assets of $7,896 and $18,783 as of December 31, 2023 and December 31, 2022, respectively) | $6.3m | $27.3m | $18.0m | — | — | |
| Prepaid expenses and other assets | $0 | $142k | $137k | — | — | |
| Accounts Receivable | — | $59.2m | $79.5m | $127.1m | $153.2m | |
| Cash Cash Equivalents And Short Term Investments | — | $310.8m | $189.0m | $988.3m | $1.2b | |
| Other Current Assets | — | $1.4m | $3.4m | $4.2m | $4.7m | |
| Other Short Term Investments | — | $1.0m | $2.5m | $800.3m | $958.8m | |
| Prepaid Assets | — | $7.1m | $6.7m | $7.6m | $6.9m | |
| Assets, Current | $246.5m | $419.8m | $303.4m | $351.5m | — | |
| Total current assets | $246.5m | $419.8m | $303.4m | — | — | |
| Property, Plant and Equipment, Net | $7.6m | $31.7m | $41.6m | $38.0m | $30.2m | |
| Goodwill | — | $0 | $10.9m | $23.1m | $22.9m | |
| Intangible Assets, Net (Excluding Goodwill) | — | — | $2.5m | $12.8m | $7.7m | |
| Intangible assets | $12.0m | $0 | $2.5m | — | — | |
| Goodwill And Other Intangible Assets | — | $0 | $13.5m | $35.9m | $30.6m | |
| Other Intangible Assets | — | — | $2.5m | $12.8m | $7.7m | |
| Operating Lease, Right-of-Use Asset | — | $61.1m | $55.7m | $36.9m | $30.6m | |
| Right-of-use assets | — | $61.1m | $55.7m | — | — | |
| Additional Financial Items | ||||||
| Accrued Liabilities, Current | $17.1m | $49.5m | $28.6m | $45.4m | — | |
| Restricted cash | $6.8m | $4.7m | $19.2m | $38.6m | $53.0m | |
| Investments in loans and securities | $277.6m | $463.0m | $714.3m | — | — | |
| Equity method and other investments | $14.8m | $25.9m | $26.4m | — | — | |
| Current maturities of operating lease liabilities | — | $8.5m | $6.9m | — | — | |
| Secured borrowing | $0 | $61.8m | $234.0m | — | — | |
| Income taxes payable | $0 | $6.4m | $461k | — | — | |
| Warrant liability | $27.5m | $1.4m | $3.2m | — | — | |
| Revolving credit facility | $0 | $15.0m | $90.0m | — | — | |
| Operating lease liabilities | — | $49.1m | $43.9m | — | — | |
| Long-term tax liabilities | $11.8m | $7.8m | $22.1m | — | — | |
| Redeemable convertible preferred shares, no par value, 6,666,666 shares authorized, 5,000,000 shares issued and outstanding as of December 31, 2023; aggregate liquidation preference of $150,000 as of December 31, 2023. (1) | 307.0m | 0 | 74.2m | — | — | |
| Accumulated Depreciation | — | ($7.5m) | ($26.7m) | ($55.2m) | ($80.6m) | |
| Available For Sale Securities | $277.6m | $463.0m | $714.3m | $756.3m | — | |
| Buildings And Improvements | — | $61.1m | $55.7m | $36.9m | $30.6m | |
| Capital Lease Obligations | — | $57.6m | $50.9m | $37.1m | $34.2m | |
| Current Accrued Expenses | — | — | — | $7.2m | $22.9m | |
| Current Capital Lease Obligation | — | $8.5m | $6.9m | $37.1m | $34.2m | |
| Current Debt | — | $61.8m | $37.7m | $126.8m | — | |
| Current Debt And Capital Lease Obligation | — | $70.4m | $44.6m | $37.1m | $34.2m | |
| Derivative Product Liabilities | — | $1.4m | $3.2m | $893k | $4.7m | |
| Duefrom Related Parties Current | — | $18.8m | $7.9m | $14.6m | $42.6m | |
| Dueto Related Parties Current | — | — | — | $3.0m | $10.6m | |
| Gross PPE | — | $100.3m | $124.0m | $130.0m | $141.4m | |
| Income Tax Payable | — | $6.4m | $461k | $41.2m | $18.7m | |
| Interest Payable | — | — | — | $7.2m | $22.9m | |
| Invested Capital | — | $708.2m | $921.4m | $970.2m | $1.3b | |
| Investmentin Financial Assets | $277.6m | $463.0m | $714.3m | $756.3m | — | |
| Investments And Advances | $292.4m | $488.9m | $740.7m | $778.3m | — | |
| Leases | — | $922k | $949k | $1.1m | $1.1m | |
| Long Term Capital Lease Obligation | $0 | $49.1m | $43.9m | $30.6m | — | |
| Long Term Equity Investment | $14.8m | $25.9m | $26.4m | $21.9m | — | |
| Machinery Furniture Equipment | — | $37.5m | $67.3m | $92.1m | $109.7m | |
| Net Debt | — | — | $175.2m | $455.8m | $588.9m | |
| Net PPE | — | $92.7m | $97.3m | $74.8m | $60.8m | |
| Net Tangible Assets | — | $553.5m | $546.2m | $290.6m | $449.5m | |
| Non Current Accounts Receivable | $19.2m | $38.8m | $34.2m | $29.2m | — | |
| Non Current Deferred Assets | $17.6m | $0 | — | — | — | |
| Non Current Deferred Liabilities | $0 | $568k | $107k | — | — | |
| Non Current Deferred Taxes Assets | $5.7m | $0 | — | — | — | |
| Ordinary Shares Number | — | $56.9m | $62.0m | $73.9m | $82.0m | |
| Other Current Borrowings | — | $61.8m | $37.7m | $126.8m | — | |
| Other Current Liabilities | — | $35.0m | $18.2m | $18.9m | $23.7m | |
| Other Equity Adjustments | — | ($713k) | $444k | ($11.5m) | ($48.3m) | |
| Other Non Current Assets | $6.8m | $4.9m | $19.3m | $21.4m | — | |
| Other Non Current Liabilities | $27.5m | $1.4m | $3.2m | — | — | |
| Other Payable | — | $14.5m | $10.4m | $16.3m | $17.4m | |
| Other Properties | $566k | $765k | $843k | — | — | |
| Preferred Securities Outside Stock Equity | — | $0 | $74.2m | $74.2m | $30.1m | |
| Properties | — | $0 | $0 | $0 | $0 | |
| Share Issued | — | $56.9m | $62.0m | $73.9m | $82.0m | |
| Tangible Book Value | — | $553.5m | $546.2m | $290.6m | $449.5m | |
| Tradeand Other Payables Non Current | $11.8m | $7.8m | $22.2m | $31.4m | — | |
| Working Capital | — | $291.8m | $228.5m | $1.0b | $1.3b | |
| Total non-current assets | $343.7m | $625.3m | $905.0m | $110.7m | $91.4m | |
| Total non-current liabilities | $77.2m | $151.6m | $393.5m | — | — | |
| Total Pagaya Technologies Ltd. shareholders’ equity | $1.3m | $553.5m | $559.7m | — | — | |
| Total shareholders’ equity | $177.4m | $765.4m | $665.7m | — | — | |
| Total Capitalization | — | $646.3m | $883.7m | $970.2m | $1.3b | |
| Total Debt | — | $212.3m | $412.6m | $680.8m | $858.5m | |
| Total Tax Payable | — | $6.4m | $461k | $41.2m | $18.7m | |
| Assets | $590.3m | $1.0b | $1.2b | $1.3b | $1.5b | |
| Total Assets | $590.3m | $1.0b | $1.2b | $1.3b | $1.5b | |
| LIABILITIES AND EQUITY | ||||||
| Current liabilities: | ||||||
| Operating Lease, Liability, Current | — | $8.5m | $6.9m | $6.5m | — | |
| Accounts Payable, Current | $11.6m | $1.7m | $1.3m | $7.0m | $3.9m | |
| Operating Lease, Liability, Noncurrent | — | $49.1m | $43.9m | $30.6m | — | |
| Long-term Debt, Current Maturities | $0 | $61.8m | $37.7m | — | — | |
| Accrued expenses and other liabilities | $17.1m | $49.5m | $28.6m | — | — | |
| Payables And Accrued Expenses | — | $22.6m | $12.1m | $74.7m | $73.5m | |
| Liabilities, Current | $28.7m | $128.0m | $74.9m | $195.5m | — | |
| Total current liabilities | $28.7m | $128.0m | $74.9m | — | — | |
| Deferred Income Tax Liabilities, Net | — | $568k | $107k | — | — | |
| Long-term Debt | — | $92.8m | $324.0m | $321.3m | $824.3m | |
| Long Term Debt And Capital Lease Obligation | — | $141.9m | $368.0m | $643.7m | $824.3m | |
| Non Current Deferred Taxes Liabilities | $0 | $568k | $107k | — | — | |
| Deferred Tax Liabilities, Net | — | $568k | $107k | $189k | $0 | |
| Liabilities | $105.9m | $279.7m | $468.4m | $775.3m | $960.5m | |
| Total Liabilities | $105.9m | $279.7m | $468.4m | $849.5m | $990.6m | |
| Stockholders’ equity: | ||||||
| Additional Paid in Capital | $113.2m | $968.4m | $1.1b | $1.3b | $1.4b | |
| Retained Earnings (Accumulated Deficit) | ($111.9m) | ($414.2m) | ($542.6m) | ($944.0m) | ($862.7m) | |
| Accumulated Other Comprehensive Income (Loss), Net of Tax | $0 | ($713k) | $444k | ($11.5m) | ($48.3m) | |
| Accumulated other comprehensive income (loss) | $0 | ($713k) | $444k | — | — | |
| Accumulated deficit | ($111.9m) | ($414.2m) | ($542.6m) | — | — | |
| Capital Stock | — | $0 | $0 | $0 | $0 | |
| Gains Losses Not Affecting Retained Earnings | — | ($713k) | $444k | ($11.5m) | ($48.3m) | |
| Preferred Stock | $307.0m | $0 | — | — | — | |
| Stockholders' Equity Attributable to Parent | $1.3m | $553.5m | $559.7m | $326.5m | $480.0m | |
| Stockholders' Equity Attributable to Noncontrolling Interest | $176.1m | $211.9m | $106.0m | $115.1m | $75.3m | |
| Noncontrolling interests | $176.1m | $211.9m | $106.0m | — | — | |
| Minority Interest | — | $211.9m | $106.0m | $115.1m | $75.3m | |
| Total Equity Gross Minority Interest | — | $765.4m | $665.7m | $441.5m | $555.4m | |
| Total Non Current Liabilities Net Minority Interest | — | $151.6m | $467.7m | $718.9m | $859.1m | |
| Liabilities and Equity | $590.3m | $1.0b | $1.2b | $1.3b | $1.5b | |
| Total Liabilities, Redeemable Convertible Preferred Shares, and Shareholders’ Equity | $590.3m | $1.0b | $1.2b | — | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.