secwatch.observer — SEC 8-K summary
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Issuer:     Pagaya Technologies Ltd. (PGY)
CIK:        0001883085
Form:       8-K
Filed at:   2026-10-05T12:51:18+00:00
Accession:  0001628280-26-064763
Event type: other
Sentiment:  neutral
Materiality: 0.30
Item codes: 7.01, 9.01
LLM model:  deepseek-v4.1-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883085/000162828026064763/0001628280-26-064763-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883085/000162828026064763/pgy-20261005.htm
  HTML page:      https://secwatch.observer/filing/0001628280-26-064763

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer