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v3.23.2

TRANSACTIONS WITH RELATED PARTIES (Details) - USD ($) $ in Thousands |  | 1 Months Ended | 3 Months Ended | 6 Months Ended |  |
--- | --- | --- | --- | --- | --- | ---
May 25, 2023 | May 31, 2023 | Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | Apr. 14, 2023 | Dec. 31, 2022
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Related party receivables |  |  | $ 37,505 |  |  | $ 37,505 |  |  |  | $ 38,774
Total revenue from fees, net |  |  | 185,685 |  | $ 163,302 | 360,939 |  | $ 321,627 |  |
Related party liabilities |  |  | $ 28,402 |  |  | $ 28,402 |  |  |  | 49,496
Temporary equity, new issues (in shares) |  | 60,000,000 | 60,000,000 | [1] |  | 60,000,000 | [1] |  |  |
Consideration received on sale | $ 75,000 |  |  |  |  |  |  |  |  |
Oak HC/FT Partners II, L.P. |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Noncontrolling owners, percentage of voting interest |  |  |  |  |  |  |  |  | 3.00% |
Oak HC/FT Partners II, L.P. | Pagaya Technologies Ltd. |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Noncontrolling ownership percentage |  |  |  |  |  |  |  |  | 12.00% |
Oak HC/FT Partners V, L.P., Oak HC/FT Partners V-A, L.P. And Oak HC/FT Partners V-B, L.P | Private Placement |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Temporary equity, new issues (in shares) | 60,000,000 |  |  |  |  |  |  |  |  |
Four Largest Customers | Revenue from Contract with Customer Benchmark | Customer Concentration Risk |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Concentration risk, percentage |  |  | 65.00% |  |  |  |  |  |  |
Three Largest Customers | Revenue from Contract with Customer Benchmark | Customer Concentration Risk |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Concentration risk, percentage |  |  |  |  | 45.00% |  |  |  |  |
Two Largest Customers | Revenue from Contract with Customer Benchmark | Customer Concentration Risk |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Concentration risk, percentage |  |  |  |  |  | 33.00% |  | 56.00% |  |
Related Party |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Related party receivables |  |  | $ 37,127 |  |  | $ 37,127 |  |  |  | 38,332
Total revenue from fees, net |  |  | 148,198 |  | $ 162,686 | 301,991 |  | $ 321,011 |  |
Related party liabilities |  |  | 647 |  |  | 647 |  |  |  | 636
Employees |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Related party liabilities |  |  | 600 |  |  | 600 |  |  |  | 600
Assets | Related Party |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Related party receivables |  |  | 91,100 |  |  | 91,100 |  |  |  | 87,800
Prepaid Expense And Other Assets, Noncurrent | Related Party |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Related party receivables |  |  | 16,400 |  |  | 16,400 |  |  |  | 18,800
Securitization Vehicles | Related Party |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Related party receivables |  |  | 76,600 |  |  | 76,600 |  |  |  | 83,000
Total revenue from fees, net |  |  | 137,800 |  | 108,900 | 269,400 |  | 230,200 |  |
Other Financing Vehicles | Related Party |  |  |  |  |  |  |  |  |  |
Related Party Transaction [Line Items] |  |  |  |  |  |  |  |  |  |
Related party receivables |  |  | 14,500 |  |  | 14,500 |  |  |  | $ 4,700
Total revenue from fees, net |  |  | $ 10,400 |  | $ 53,800 | $ 32,500 |  | $ 90,800 |  |
[1] | Prior period amounts have been retroactively adjusted to reflect the 1:186.9 stock split effected on June 22, 2022.

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