2. Model enhancements and data-driven improvements in conversion rate We also made critical updates to our auto underwriting technology. These updates include enriching our existing methodology with additional vehicle valuation data points, improving the predictive accuracy of asset performance over time. 3. Consistently raising capital with attractive financial products As a result of our scale, efficiency and innovative structuring, we are seeing growing investor demand. Our deals continue to be oversubsc ...

PAGAYA'S MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS You should read the following discussion and analysis of our financial condition and results of operations together with the unaudited condensed consolidated interim financial statements as of and for the three and nine months ended September 30, 2023 and 2022 included as Exhibit 99.3 to the Report of Foreign Private Issuer on Form 6-K furnished with the Securities and Exchange Commission (the "SEC") on November 2 ...

Our next question is from Rayna Kumar with UBS. Please proceed. Hey, Rayna, it's Mike. I'll take that one. Thanks for the question. Let me, maybe take a step back for a second and just mentioned that, we're definitely pleased with the gains that we've been able to put through in terms of our profitability this year. And your question was on third quarter. But when you think about the full-year, we're now expecting to be $40 million to $50 million that's 10 times where we were last year. Got it. That's very ...

18 | --- | --- | --- | --- | --- | |-------------------------------------------|------------------------------------|-----------|----------------------------------|-----------| | Fee revenue less production costs (FRLPC) | Three Months Ended June 30, \n2023 | \n2022 | Six Months Ended June 30, \n2023 | 2022 | | Revenue from fees | $185,685 | $163,302 | $360,939 | $321,627 | | Production costs | (120,613) | (104,980) | (245,670) | (197,260) | | Fee revenue less production costs (FRLPC) | $65,072 | $58,322 | ...

PAGAYA’S MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS You should read the following discussion and analysis of our financial condition and results of operations together with the unaudited condensed consolidated interim financial statements as of and for the three and nine months ended September 30, 2023 and 2022 included as Exhibit 99.3 to the Report of Foreign Private Issuer on Form 6-K furnished with the Securities and Exchange Commission (the “SEC”) on November 2 ...

PGY PGY Fintech lenders1 Fintech lenders1 0% 20% 40% 60% 80% 100% 120% 140% 1Q22 2Q22 3Q22 4Q22 1Q23 Fintech lenders Pagaya 1Q22 2Q22 3Q22 4Q22 1Q23 Fintech lenders Pagaya May 16th, 2023 Legal Disclaimer Sources: Trailing 12-month originations, TransUnion; 2021 Receivables, Nilson report; McKinsey & Co. - includes mid-ticket POS financing (~$40B), direct merchant financing (~$10B) and Pay In 4(~$20B); Nuveen Real Estate research, dated 3/9/2022 Network volume (or equivalent measure) indexed by quarter to 1Q ...

Unidentified Analyst Great. Thanks very much. Yes, thank you. Good morning. On Darwin, you disclose DarwinÂ's contribution to adjusted EBITDA. Could you also disclose DarwinÂ's contribution to revenue, and maybe to volume too? Yes, it makes sense. Just to follow-up on that, when do you see the single-family rental business going into medium term? What are you plans for so thatÂ's vertical? Sure. We spoke at the time of the opportunities that we see in the market just given current valuations. We think itÂ's ...

PAGAYA TECHNOLOGIES LTD. UNAUDITED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2023 INDEX INDEX TO FINANCIAL STATEMENTS Page UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF FINANCIAL POSITION 2 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS 3 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (LOSS) 4 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN REDEEMABLE CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS’ EQUITY 5 UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECU ...

Exhibit 10.1 Execution Version PREFERRED SHARES PURCHASE AGREEMENT This PREFERRED SHARES PURCHASE AGREEMENT (this “Agreement”) is entered into on April 14, 2023, by and between Pagaya Technologies Ltd., a company organized under the laws of Israel (“Pagaya” or the “Company”), Oak HC/FT Partners V, L.P., Oak HC/FT Partners V-A, L.P. and Oak HC/FT Partners V-B, L.P (together, the “Investor”). WHEREAS, subject to the terms and conditions set forth in this Agreement and pursuant to Section 4(a)(2) of the Securi ...