v3.26.1
EARNINGS PER SHARE - Schedule of Earnings (Loss) Per Share, Basic and Diluted (Details) - USD ($)
$ / shares in Units, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Numerator:        
Net income attributable to Pagaya Technologies Ltd. $ 45,273 $ 16,655 $ 69,967 $ 24,548
Less: Undistributed earnings allocated to preferred shares 1,077 1,017 1,670 1,509
Net income attributable to Pagaya Technologies Ltd. ordinary shareholders, basic $ 44,196 $ 15,638 $ 68,297 $ 23,039
Denominator:        
Weighted average shares used for earnings per ordinary share, basic (in shares) 83,184,935 76,873,529 82,926,257 76,347,801
Earnings per share attributable to ordinary shareholders, basic (in dollars per share) $ 0.53 $ 0.20 $ 0.82 $ 0.30
Numerator:        
Net income attributable to Pagaya Technologies Ltd. ordinary shareholders, diluted $ 44,196 $ 15,638 $ 68,297 $ 23,039
Interest expense (add back) from exchangeable notes 3,131 0 6,028 0
Net income for diluted EPS $ 47,327 $ 15,638 $ 74,325 $ 23,039
Denominator:        
Shares used in computation of basic earnings per share (in shares) 83,184,935 76,873,529 82,926,257 76,347,801
Assumed conversion of shares from exchangeable notes (in shares) 11,434,704 0 11,434,704 0
Ordinary share warrants (in shares) 785,284 785,289 785,385 785,062
Weighted average shares used for earnings per ordinary share, diluted (in shares) 97,247,579 79,667,635 96,963,421 78,301,110
Earnings per share attributable to ordinary shareholders, diluted (in dollars per share) $ 0.49 $ 0.20 $ 0.77 $ 0.29
Share options        
Denominator:        
Ordinary shares upon employee stock purchase plan (in shares) 1,202,770 705,685 1,313,324 289,132
RSUs        
Denominator:        
Ordinary shares upon employee stock purchase plan (in shares) 639,886 1,264,668 503,751 852,798
Employee stock purchase plan        
Denominator:        
Ordinary shares upon employee stock purchase plan (in shares) 0 38,464 0 26,317