For the quarter ending 2025-09-30, PGYWW had $22,733K increase in cash & cash equivalents over the period. $63,806K in free cash flow.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income (loss) including noncontrolling interests | 23,273 | 16,563 | 2,492 | -257,126 |
| Equity method loss | -4,640 | -2,055 | -391 | -3,894 |
| Depreciation and amortization | 7,636 | 7,593 | 7,722 | 8,278 |
| Share-based compensation | 13,582 | 18,228 | 13,172 | 15,645 |
| Fair value adjustment to warrant liability | 4,908 | 479 | 1,099 | -1,991 |
| Issuance of ordinary shares related to commitment shares | - | - | - | 0 |
| Impairment loss on investments in loans and securities/loss on loans held-for-investment-Asset Backed Securities | - | - | - | -414,014 |
| Impairment loss on investments in loans and securities | - | -17,525 | 118,880 | - |
| Gain on sale of investments in loans and securities | - | 2,796 | 5,894 | 7,922 |
| (gains) and losses on investments in loans and securities | -65,473 | - | - | - |
| Amortization of deferred costs | 2,407 | 3,447 | 2,396 | - |
| Impairment loss on investments in loans and securities/loss on loans held-for-investment-Other Investments | - | - | - | 0 |
| Loss from extinguishment of debt | -18,585 | - | - | - |
| Write-off of capitalized software and other assets | 4,741 | 0 | 0 | 100 |
| Debt issuance costs amortization | - | - | - | 1,674 |
| Loss on foreign exchange | 219 | -1,279 | -32 | -11 |
| Other non-cash items | 0 | - | - | 0 |
| Fees and other receivables | - | 13,288 | 8,844 | 8,672 |
| Accrued interest on investments | - | 9,158 | 6,088 | - |
| Fees receivables | 28,178 | - | - | - |
| Prepaid expenses and other assets | - | -7,976 | -1,652 | 1,026 |
| Accrued interest on investments | 28,467 | - | - | - |
| Right-of-use assets | -1,563 | -1,530 | -1,505 | 347 |
| Other assets | -1,438 | - | - | - |
| Accounts payable | 2,489 | -908 | 3,016 | 1,071 |
| Accrued expenses and other liabilities | 8,579 | 5,773 | -11,615 | 2,740 |
| Operating lease liability | -1,668 | -1,586 | -1,415 | 963 |
| Income taxes | -15,207 | -2,638 | 2,274 | -21,077 |
| Net cash provided by operating activities | 67,046 | 57,350 | 34,427 | 32,063 |
| Investments in loans and securities | 48,846 | 70,676 | 58,674 | 137,866 |
| Short-term deposits | - | - | - | 0 |
| Equity method and other investments | 0 | - | - | 0 |
| Investments in loans and securities | 361,070 | 192,182 | 81,943 | 155,214 |
| Property, equipment and software | 3,240 | 3,800 | 3,776 | 3,976 |
| Intangible assets | - | - | - | 5,500 |
| Equity method and other investments | 0 | 0 | - | 50 |
| Other assets | 16,000 | - | - | - |
| Acquisition of theorem technology, inc., net of cash acquired | 0 | 0 | 159 | 9,094 |
| Net cash used in investing activities | -57,339 | -125,306 | -26,886 | -35,968 |
| Proceeds from sale of ordinary shares, net of issuance costs | 0 | 0 | 0 | 0 |
| Proceeds from sale of ordinary shares in connection with the business combination and pipe investment, net of issuance costs | - | - | - | 0 |
| Proceeds from issuance of redeemable convertible preferred shares, net | - | - | - | 0 |
| Proceeds from long-term debt | 500,000 | 0 | 0 | 97,120 |
| Proceeds from exchangeable notes | - | - | - | 152,000 |
| Proceeds from secured borrowing | 18,590 | 195,732 | 49,162 | 10,761 |
| Proceeds received from noncontrolling interests | 0 | 0 | 0 | 61,145 |
| Proceeds from revolving credit facility | 0 | 0 | 0 | 0 |
| Proceeds from exercise of stock options and stock purchase plan | 2,568 | 1,118 | 2,859 | 145 |
| Proceeds from issuance of ordinary shares from the equity financing purchase agreement | 0 | 0 | 0 | 0 |
| Distributions made to noncontrolling interests | 3,552 | 3,978 | 4,442 | 1,928 |
| Payments made to revolving credit facility | 0 | 0 | 0 | 15,000 |
| Payments made to secured borrowing | 153,920 | 110,005 | 46,919 | 243,545 |
| Payments made to long-term debt | 338,768 | 4,436 | 4,439 | 4,437 |
| Payments for debt issuance costs | 12,660 | 0 | 0 | 8,677 |
| Settlement of share-based compensation in satisfaction of tax withholding requirements | - | - | - | 0 |
| Payments for deferred offering costs | -1,198 | - | - | - |
| Net cash provided by financing activities | 12,258 | 78,431 | -3,779 | 48,782 |
| Effect of exchange rate changes on cash and cash equivalents, and restricted cash and cash equivalents | 768 | 1,925 | -646 | 594 |
| Net increase (decrease) in cash and cash equivalents, and restricted cash and cash equivalents | 22,733 | 12,400 | 3,116 | 45,471 |
| Cash and cash equivalents at beginning of period | 242,034 | 229,634 | 226,518 | 181,047 |
| Cash and cash equivalents at end of period | 264,767 | 242,034 | 229,634 | 226,518 |
Pagaya Technologies Ltd. (PGYWW)
Pagaya Technologies Ltd. (PGYWW)