<span item_type="fundamental" item_id="bed5e73a483b5df037ee206d21ffcfbd" counter_id="ST/US/PGYWW" env="prod"></span><span item_type="announcement" item_id="513568314780093185" env="prod"></span><p>Revenue: As of FY2025 Q1, the actual value is USD 282.7 M.</p><p>EPS: As of FY2025 Q1, the actual value is USD 0.1.</p><p></p><h3>Segment Revenue</h3><ul><li><strong>Revenue from Fees</strong>: $282.7 million for the three months ended March 31, 2025, compared to $237.0 million for the same period in 2024, representing a 19% increase.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li></ul><h3>Operational Metrics</h3><ul><li><strong>Operating Income</strong>: $47.7 million for the three months ended March 31, 2025, compared to $7.7 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li><li><strong>Net Income (Loss) Attributable to Pagaya Technologies Ltd.</strong>: $7.9 million for the three months ended March 31, 2025, compared to a loss of $21.2 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li><li><strong>Total Costs and Operating Expenses</strong>: $242.3 million for the three months ended March 31, 2025, compared to $237.6 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li></ul><h3>Cash Flow</h3><ul><li><strong>Net Cash Provided by Operating Activities</strong>: $34.4 million for the three months ended March 31, 2025, compared to $17.7 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li><li><strong>Net Cash Used in Investing Activities</strong>: $26.9 million for the three months ended March 31, 2025, compared to $228.1 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li><li><strong>Net Cash (Used in) Provided by Financing Activities</strong>: - $3.8 million for the three months ended March 31, 2025, compared to $298.7 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li></ul><h3>Unique Metrics</h3><ul><li><strong>Network AI Fees</strong>: $253.4 million for the three months ended March 31, 2025, compared to $215.3 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li><li><strong>Contract Fees</strong>: $29.3 million for the three months ended March 31, 2025, compared to $21.7 million for the same period in 2024.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li></ul><h3>Future Outlook and Strategy</h3><ul><li><strong>Core Business Focus</strong>: Pagaya aims to expand its network by onboarding new partners and improving AI technology to enhance asset origination and acquisition by Financing Vehicles.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li><li><strong>Non-Core Business</strong>: The company is exploring strategic investments and acquisitions to support business plans and may raise additional capital through debt or equity financing.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li></ul><h3>Priority</h3><ul><li><strong>Strategic Investments</strong>: Pagaya plans to continue making strategic investments to support its business plans, including technology development and employee recruitment.<span class="superscript" item_id="0" item_type="announcement_file" value="1" url="https://www.sec.gov/Archives/edgar/data/1883085/000188308525000082/pgy-20250331.htm"></span></li></ul>

PAGAYA TECHNOLOGIES LTD C/WTS (TO PUR COM) | 10-Q: FY2025 Q1 Revenue: USD 282.7 M