v3.26.1
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN REDEEMABLE CONVERTIBLE PREFERRED SHARES AND EQUITY (UNAUDITED) - USD ($)
$ in Thousands
Total
Total Pagaya Technologies Ltd. Shareholders’ Equity
Ordinary Shares
Additional Paid-In Capital
Accumulated Other Comprehensive Loss
Accumulated Deficit
Non-Controlling Interests
Beginning balance (in shares) at Dec. 31, 2024 5,000,000            
Beginning balance at Dec. 31, 2024 $ 74,250            
Ending balance (in shares) at Jun. 30, 2025 5,000,000            
Ending balance at Jun. 30, 2025 $ 74,250            
Beginning balance (in shares) at Dec. 31, 2024     73,879,982        
Beginning balance at Dec. 31, 2024 441,546 $ 326,491   $ 1,282,022 $ (11,488) $ (944,043) $ 115,055
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of ordinary shares upon exercise of share options (in shares)     507,909        
Issuance of ordinary shares upon exercise of share options 3,385 3,385   3,385      
Issuance of ordinary shares upon vesting of RSUs (in shares)     1,718,202        
Share-based compensation 33,313 33,313   33,313      
Issuance of ordinary shares upon purchase of shares under employee stock purchase plan (in shares)     55,876        
Issuance of ordinary shares upon purchase of shares under employee stock purchase plan 592 592   592      
Return of capital to interests in consolidated VIEs (8,420)           (8,420)
Other comprehensive income (loss) (21,492) (21,577)     (21,577)   85
Net income (loss) 19,055 24,548       24,548 (5,493)
Ending balance (in shares) at Jun. 30, 2025     76,161,969        
Ending balance at Jun. 30, 2025 $ 467,979 366,752   1,319,312 (33,065) (919,495) 101,227
Beginning balance (in shares) at Mar. 31, 2025 5,000,000            
Beginning balance at Mar. 31, 2025 $ 74,250            
Ending balance (in shares) at Jun. 30, 2025 5,000,000            
Ending balance at Jun. 30, 2025 $ 74,250            
Beginning balance (in shares) at Mar. 31, 2025     75,430,952        
Beginning balance at Mar. 31, 2025 440,803 335,490   1,299,010 (27,370) (936,150) 105,313
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of ordinary shares upon exercise of share options (in shares)     126,638        
Issuance of ordinary shares upon exercise of share options 1,118 1,118   1,118      
Issuance of ordinary shares upon vesting of RSUs (in shares)     604,379        
Share-based compensation 19,184 19,184   19,184      
Return of capital to interests in consolidated VIEs (3,981)           (3,981)
Other comprehensive income (loss) (5,708) (5,695)     (5,695)   (13)
Net income (loss) 16,563 16,655       16,655 (92)
Ending balance (in shares) at Jun. 30, 2025     76,161,969        
Ending balance at Jun. 30, 2025 $ 467,979 366,752   1,319,312 (33,065) (919,495) 101,227
Beginning balance (in shares) at Dec. 31, 2025 2,027,147            
Beginning balance at Dec. 31, 2025 $ 30,103            
Ending balance (in shares) at Jun. 30, 2026 2,027,147            
Ending balance at Jun. 30, 2026 $ 30,103            
Beginning balance (in shares) at Dec. 31, 2025     82,035,934        
Beginning balance at Dec. 31, 2025 $ 555,351 480,017   1,390,990 (48,319) (862,654) 75,334
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of ordinary shares upon exercise of share options (in shares) 44,593   44,593        
Issuance of ordinary shares upon exercise of share options $ 217 217   217      
Issuance of ordinary shares upon vesting of RSUs (in shares)     1,188,186        
Share-based compensation 16,940 16,940   16,940      
Issuance of ordinary shares upon purchase of shares under employee stock purchase plan (in shares)     66,814        
Issuance of ordinary shares upon purchase of shares under employee stock purchase plan 685 685   685      
Return of capital to interests in consolidated VIEs (18,214)           (18,214)
Other comprehensive income (loss) 27,309 26,327     26,327   982
Net income (loss) 66,495 69,967       69,967 (3,472)
Ending balance (in shares) at Jun. 30, 2026     83,335,527        
Ending balance at Jun. 30, 2026 $ 648,783 594,153   1,408,832 (21,992) (792,687) 54,630
Beginning balance (in shares) at Mar. 31, 2026 2,027,147            
Beginning balance at Mar. 31, 2026 $ 30,103            
Ending balance (in shares) at Jun. 30, 2026 2,027,147            
Ending balance at Jun. 30, 2026 $ 30,103            
Beginning balance (in shares) at Mar. 31, 2026     82,775,444        
Beginning balance at Mar. 31, 2026 599,152 529,309   1,399,545 (32,276) (837,960) 69,843
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of ordinary shares upon exercise of share options (in shares)     27,047        
Issuance of ordinary shares upon exercise of share options 100 100   100      
Issuance of ordinary shares upon vesting of RSUs (in shares)     533,036        
Share-based compensation 9,187 9,187   9,187      
Return of capital to interests in consolidated VIEs (12,088)           (12,088)
Other comprehensive income (loss) 10,098 10,284     10,284   (186)
Net income (loss) 42,334 45,273       45,273 (2,939)
Ending balance (in shares) at Jun. 30, 2026     83,335,527        
Ending balance at Jun. 30, 2026 $ 648,783 $ 594,153   $ 1,408,832 $ (21,992) $ (792,687) $ 54,630