---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-24-026963"
form_type: "8-K"
ticker: "PGY"
cik: "0001883085"
company_name: "Pagaya Technologies Ltd."
filed_at: "2024-06-06T23:59:59+00:00"
generated_at: "2026-06-01T06:02:51.821158+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Pagaya raises FY24 adj. EBITDA guidance to $160-200M, cites $25M cost savings

## Summary
- Workforce reduction and other initiatives expected to reduce annual core operating expenses by ~$25M.
- FY2024 Adjusted EBITDA guidance raised by $10M to $160M-$200M from prior $150M-$190M.
- Full-year 2024 network volume and total revenue and other income outlook unchanged.
- A portion of cost savings will be reinvested into key growth areas.
- Full impact of cost savings expected to be realized in 2025.

## SEC filing metadata
- accession: 0001628280-24-026963
- form_type: 8-K
- ticker: PGY
- cik: 0001883085
- company_name: Pagaya Technologies Ltd.
- filed_at: 2024-06-06T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883085/000162828024026963/0001628280-24-026963-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883085/000162828024026963/pgy-20240606.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-24-026963
- JSON: https://secwatch.observer/filing/0001628280-24-026963.json
- Plain text: https://secwatch.observer/filing/0001628280-24-026963.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.