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NET LOSS PER SHARE (Tables) | 6 Months Ended
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Jun. 30, 2023
Earnings Per Share [Abstract] |
Schedule of Earnings Per Share, Basic and Diluted | The following table sets forth the calculation of basic and diluted net loss per share attributable to ordinary shareholders for the three and six months ended June 30, 2023 and 2022 (in thousands, except share and per share data):
| Three Months Ended June 30, 2023 |  | Six Months Ended June 30, 2023
| Class A |  | Class B |  | Class A |  | Class B
Numerator: |  |  |  |  |  |  |
Net loss attributable to Pagaya Technologies Ltd. ordinary shareholders, basic and diluted | $ | (23,643) |  |  | $ | (7,654) |  |  | $ | (69,619) |  |  | $ | (22,649) |
Denominator: |  |  |  |  |  |  |
Weighted average shares used net income (loss) per ordinary share, basic and diluted | 540,383,064 |  | 174,934,392 |  | 537,709,304 |  | 174,934,392
Net loss per share attributable to ordinary shareholders, basic and diluted | $ | (0.04) |  |  | $ | (0.04) |  |  | $ | (0.13) |  |  | $ | (0.13) |
| Three Months Ended June 30, 2022 |  | Six Months Ended June 30, 2022
| Class A |  | Class B |  | Class A |  | Class B
Numerator: |  |  |  |  |  |  |
Allocation of undistributed earnings: |  |  |  |  |  |  |
Net loss attributable to Pagaya Technologies Ltd. shareholders | $ | (162,036) |  |  | $ | (13,226) |  |  | $ | (185,384) |  |  | $ | (8,150) |
Less: Undistributed earnings allocated to participating securities | (5,114) |  |  | (417) |  |  | (11,691) |  |  | (514) |
Net loss attributable to Pagaya Technologies Ltd. ordinary shareholders, basic and diluted | $ | (167,150) |  |  | $ | (13,643) |  |  | $ | (197,075) |  |  | $ | (8,664) |
Denominator: |  |  |  |  |  |  |
Weighted average shares used net income (loss) per ordinary share, basic and diluted | 236,195,552 |  | 19,279,226 |  | 220,487,603 |  | 9,692,871
Net loss per share attributable to ordinary shareholders, basic and diluted | $ | (0.71) |  |  | $ | (0.71) |  |  | $ | (0.89) |  |  | $ | (0.89) |
Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share | The following potentially dilutive outstanding securities as of June 30, 2023 and 2022 were excluded from the computation of diluted net income (loss) per share because their effect would have been anti-dilutive for the periods:
|  | June 30,
|  | 2023 |  | 2022 |  |
Share options |  | 57,125,890 |  |  | 70,439,657 |  |  |
Options to restricted shares |  | 241,359,368 |  |  | 243,308,335 |  |  |
RSUs |  | 42,084,399 |  |  | 3,269,801 |  |  |
Ordinary share warrants |  | 24,195,964 |  |  | 17,787,328 |  |  |
Redeemable convertible preferred shares |  | 60,000,000 |  |  | — |  |  |
Net potential dilutive outstanding securities |  | 424,765,621 |  |  | 334,805,121 |  |  |

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- Definition Tabular disclosure of securities (including those issuable pursuant to contingent stock agreements) that could potentially dilute basic earnings per share (EPS) in the future that were not included in the computation of diluted EPS because to do so would increase EPS amounts or decrease loss per share amounts for the period presented, by antidilutive securities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 260 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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- Definition Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 + Details
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