{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-26-064763","form_type":"8-K","ticker":"PGY","cik":"0001883085","company_name":"Pagaya Technologies Ltd.","filed_at":"2026-10-05T12:51:18+00:00","discovered_at":"2026-10-05T12:55:00.177752+00:00","generated_at":"2026-10-12T14:47:12.895150+00:00","sec_items":["7.01","9.01"],"event_type":"other","sentiment":"neutral","materiality_score":0.3,"calibrated_materiality_score":0.3,"confidence":"high","headline":"Pagaya posts Q2'26 borrower data: auto WAC falls to 17.7%, personal loans hold ~20% coupon, 662 credit score","bullets":["Personal loan portfolio as of Q2'26: ~$11K average loan size, 662 weighted average credit score, ~20% weighted average coupon, ~$125K average borrower annual income.","2026-Q2 personal loan vintage: $11,459 average loan, 662 credit score, 20.13% WAC, 28.02% DTI and 6.64% PTI; WAC was 21.53% in the 2021-Q1 vintage.","Auto portfolio as of Q2'26: 18% weighted average coupon, $37K average loan size, 594 credit score, 124% LTV and $88K average borrower income.","Auto vintage WAC dropped to 17.73% in 2026-Q2 from 20.46% in 2025-Q4, while weighted average original term rose to 75.2 months from 71.6 months.","2026-Q2 auto loans show 23,984 average miles and 2.18 years average vehicle age, versus 35,033 miles and 3.10 years in the 2025-Q4 vintage."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-26-064763","json":"https://secwatch.observer/filing/0001628280-26-064763.json","markdown":"https://secwatch.observer/filing/0001628280-26-064763.md","text":"https://secwatch.observer/filing/0001628280-26-064763.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1883085/000162828026064763/0001628280-26-064763-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1883085/000162828026064763/pgy-20261005.htm"},"model":{"generated_by":"deepseek-v4.1-flash:cloud@v2","generated_at":"2026-10-12T14:47:12.895150+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}