CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands |
12 Months Ended | ||||||
|---|---|---|---|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
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| Revenue | |||||||
| Revenue from fees | [1] | $ 1,261,341 | $ 1,004,550 | $ 772,814 | |||
| Other Income | |||||||
| Interest income | 48,434 | 32,291 | 38,748 | ||||
| Investment (loss) income | (8,415) | (4,593) | 489 | ||||
| Total Revenue and Other Income | 1,301,360 | 1,032,248 | 812,051 | ||||
| Production costs | 749,169 | 597,652 | 508,944 | ||||
| Technology, data and product development | 75,213 | 76,571 | 74,383 | ||||
| Sales and marketing | 53,591 | 50,404 | 49,773 | ||||
| General and administrative | 159,560 | 240,781 | 203,351 | ||||
| Total Costs and Operating Expenses | 1,037,533 | 965,408 | 836,451 | ||||
| Operating Income (Loss) | 263,827 | 66,840 | (24,400) | ||||
| Gains and (losses) on investments in loans and securities | [2] | (107,030) | (404,150) | (131,315) | |||
| Other expenses, net | [2] | (80,417) | (83,612) | (25,453) | |||
| Gains and (losses) from extinguishment of debt | [2] | (24,755) | (200) | 0 | |||
| Income (Loss) Before Income Taxes | 51,625 | (421,122) | (181,168) | ||||
| Income tax (benefit) expense | (19,745) | 24,576 | 15,571 | ||||
| Net Income (Loss) Including Noncontrolling Interests | 71,370 | (445,698) | (196,739) | ||||
| Less: Net income (loss) attributable to noncontrolling interests | (10,019) | (44,292) | (68,301) | ||||
| Net Income (Loss) Attributable to Pagaya Technologies Ltd. | $ 81,389 | $ (401,406) | $ (128,438) | ||||
| Earnings (loss) per share attributable to Pagaya Technologies Ltd. ordinary shareholders: | |||||||
| Basic (in dollars per share) | $ 0.99 | $ (5.66) | $ (2.14) | ||||
| Diluted (in dollars per share) | $ 0.93 | $ (5.66) | $ (2.14) | ||||
| Weighted average shares outstanding: | |||||||
| Basic (in shares) | 78,336,095 | 70,879,807 | 60,038,893 | ||||
| Diluted (in shares) | 83,097,227 | 70,879,807 | 60,038,893 | ||||
| Related Party | |||||||
| Revenue | |||||||
| Revenue from fees | $ 652,700 | $ 679,100 | $ 622,200 | ||||
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- Definition Income (Loss) From Equity Method Investments Including Proprietary Investments No definition available.
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- Definition The aggregate costs related to goods produced and sold and services rendered by an entity during the reporting period. This excludes costs incurred during the reporting period related to financial services rendered and other revenue generating activities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of realized and unrealized gain (loss) on investment. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Difference between the fair value of payments made and the carrying amount of debt which is extinguished prior to maturity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Represents the total of interest and dividend income, including any amortization and accretion (as applicable) of discounts and premiums, earned from (1) loans and leases whether held-for-sale or held-in-portfolio; (2) investment securities; (3) federal funds sold; (4) securities purchased under agreements to resell; (5) investments in banker's acceptances, commercial paper, or certificates of deposit; (6) dividend income; or (7) other investments not otherwise specified herein. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of Net Income (Loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (expense) related to nonoperating activities, classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition The consolidated profit or loss for the period, net of income taxes, including the portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of expense for research and development. Includes, but is not limited to, cost for computer software product to be sold, leased, or otherwise marketed and writeoff of research and development assets acquired in transaction other than business combination or joint venture formation or both. Excludes write-down of intangible asset acquired in business combination or from joint venture formation or both, used in research and development activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Details
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