---
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"
generated_at: "2026-10-12T14:47:12.895150+00:00"
event_type: "other"
sentiment: "neutral"
materiality_score: 0.3
calibrated_materiality_score: 0.3
confidence: "high"
source: SEC EDGAR
---

# Pagaya posts Q2'26 borrower data: auto WAC falls to 17.7%, personal loans hold ~20% coupon, 662 credit score

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other
- sentiment: neutral
- materiality_score: 0.3
- calibrated_materiality_score: 0.3
- confidence: high
- sec_items: 7.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-064763
- JSON: https://secwatch.observer/filing/0001628280-26-064763.json
- Plain text: https://secwatch.observer/filing/0001628280-26-064763.txt

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