No trading signal from this filing. The amendment is purely administrative — it adds executive compensation details and ownership tables that were omitted from the original 10-K. The underlying financial results (record net income, 26% revenue growth) were already disclosed in the original filing. Monitor the proxy statement for the 2026 annual meeting for any Say on Pay or governance proposals.
Price Chart
Executive Summary
Pagaya Technologies filed Amendment No. 1 to its 2025 Form 10-K solely to add Part III information (Items 10-14: director/officer details, executive compensation, security ownership, related-party transactions, and auditor fees) that was omitted from the original March 2, 2026 filing. The amendment contains no restatements, financial corrections, or material changes to previously reported financial results. It is a routine administrative filing to meet the 120-day deadline for Part III disclosure.
Key Facts
- Amendment adds only Part III Items 10-14 (director/officer info, compensation, ownership, related-party transactions, auditor fees) that were omitted from the original 10-K filed March 2, 2026
- No restatements, financial corrections, or changes to previously reported financial statements
- Filing includes updated share count as of April 20, 2026: 71,556,702 Class A shares, 11,288,577 Class B shares, 2,027,147 Series A Preferred shares
- Company reported record GAAP net income of $81 million for FY2025, up $483 million YoY; total revenue and other income of $1.3 billion, up 26% YoY; Adjusted EBITDA of $371 million, up $161 million YoY
- CEO Gal Krubiner and Deputy CEO Avital Pardo each waived portion of 2025 base salary over $1,000,000; founders received no equity grants in 2025
- Auditor Kost Forer Gabbay & Kasierer (EY Israel) remained unchanged; audit fees were $2.19 million for FY2025 vs $1.40 million for FY2024
- Three founders (Krubiner, Pardo, Yulzari) collectively control 81.9% of total voting power through super-voting Class B shares (10 votes each)
Financial Impact
No financial impact — this is a procedural amendment adding governance disclosures only
Risk Factors
- No new risks disclosed in this amendment beyond what was in the original 10-K
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 8 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 10-K/A Filing (Primary) | 0001628280-26-028608 |
| Exhibit: exhibit1015-pagayaxformrsu.htm | 0001628280-26-028608 |
| Exhibit: exhibit1014-pagayaxformrsu.htm | 0001628280-26-028608 |
| Exhibit: exhibit314cfocertificationa.htm | 0001628280-26-028608 |
| Exhibit: exhibit313ceocertificationa.htm | 0001628280-26-028608 |
| Document: 0001628280-26-028608-index-headers.html | 0001628280-26-028608 |
| Document: 0001628280-26-028608-index.html | 0001628280-26-028608 |
| Document: 0001628280-26-028608.txt | 0001628280-26-028608 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 1, 2026 21w ago | 10-K/A | $0.0763 $0.0468 | ▼ −38.66% | ▼ −37.10% | — |
Apr 30, 2026 25w ago | 10-K/A | $0.0763 $0.0763 | · 0.00% | ▼ −4.97% | — |
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