For the year ending 2025-12-31, PGY has $1,545,914K in assets. $960,460K in debts. $235,329K in cash and cash equivalents.
| Balance Sheets | 2025-12-31 | 2024-12-31 | 2023-12-31 | |
|---|---|---|---|---|
| Cash and cash equivalents | 235,329 | - | 186,478 | |
| Restricted cash and cash equivalents | 53,020 | - | - | |
| Fees receivables | 153,250 | - | - | |
| Restricted cash | - | - | 16,874 | |
| Fees and other receivables (including related party receivables of 51,036 and 49,427 as of december31, 2023 and december31, 2022, respectively) | - | - | 79,526 | |
| Investments in loans and securities | - | - | 2,490 | |
| Prepaid expenses and other current assets (including related party assets of 7,896 and 18,783 as of december31, 2023 and december31, 2022, respectively) | - | - | 18,034 | |
| Total current assets | - | 351,479 | 303,402 | |
| Restricted cash | - | 20,002 | 19,189 | |
| Long Term Accounts Notes And Loans Receivable Net Noncurrent | - | 29,182 | - | |
| Fees and other receivables (including related party receivables of 29,182 and 33,739 as of december31, 2024 and 2023, respectively) | - | 29,182 | 34,181 | |
| Investments in loans and securities | - | 756,322 | 714,303 | |
| Fair value | 945,269 | - | - | |
| Equity method and other investments | 13,518 | 21,933 | 26,383 | |
| Right-of-use assets | 30,578 | 36,876 | 55,729 | |
| Property, equipment and software, net | 30,221 | 37,974 | 41,557 | |
| Goodwill | 22,903 | 23,062 | 10,945 | |
| Intangible assets, net | 7,661 | 12,821 | 2,550 | |
| Prepaid expenses and other assets | - | 1,421 | 137 | |
| Total non-current assets | - | 939,593 | 904,974 | |
| Other assets | 54,165 | - | - | |
| Total assets | 1,545,914 | 1,291,072 | 1,208,376 | |
| Accounts payable | 3,931 | 6,992 | 1,286 | |
| Accrued expenses and other liabilities | 74,635 | 45,362 | 28,562 | |
| Current maturities of operating lease liabilities | - | 6,453 | 6,931 | |
| Current portion of long-term debt | - | 17,750 | - | |
| Secured borrowing | - | 109,079 | 37,685 | |
| Income taxes payable | - | 9,858 | 461 | |
| Total current liabilities | - | 195,494 | 74,925 | |
| Operating lease liabilities | 34,212 | - | - | |
| Income taxes payable and other tax liabilities | 18,687 | - | - | |
| Warrant liability | 4,723 | 893 | 3,242 | |
| Revolving credit facility | - | 0 | 90,000 | |
| Long-term debt | - | 303,567 | - | |
| Exchangeable notes | - | 146,342 | - | |
| Secured borrowing | - | 67,010 | 234,028 | |
| Operating lease liabilities | - | 30,611 | 43,940 | |
| Long-term tax liabilities | - | - | 22,135 | |
| Secured borrowing | 193,892 | - | - | |
| Deferred tax liabilities, net | - | - | 107 | |
| Long-term tax and deferred tax liabilities, net | - | 31,359 | - | |
| Exchangeable notes | 148,782 | - | - | |
| Total non-current liabilities | - | 579,782 | 393,452 | |
| Long-term debt | 481,598 | - | - | |
| Total liabilities | 960,460 | 775,276 | 468,377 | |
| Redeemable convertible preferred shares, no par value, 6,666,666 shares authorized, 2,027,147 and 5,000,000 shares issued and outstanding as of december31, 2025 and 2024, respectively aggregate liquidation preference of 60,814 and 150,000 as of december31, 2025 and 2024, respectively | 30,103 | 74,250 | 74,250 | |
| Common stock-Common Class A | 0 | 0 | 0 | |
| Common stock-Common Class B | 0 | 0 | 0 | |
| Additional paid-in capital | 1,390,990 | 1,282,022 | 1,101,914 | |
| Accumulated other comprehensive loss | -48,319 | -11,488 | 444 | |
| Accumulated deficit | -862,654 | -944,043 | -542,637 | |
| Total pagaya technologies ltd. shareholders equity | 480,017 | 326,491 | 559,721 | |
| Noncontrolling interests | 75,334 | 115,055 | 106,028 | |
| Total shareholders equity | 555,351 | 441,546 | 665,749 | |
| Total liabilities, redeemable convertible preferred shares, and shareholders equity | 1,545,914 | 1,291,072 | 1,208,376 | |
Pagaya Technologies Ltd. (PGY)
Pagaya Technologies Ltd. (PGY)