8-K
filed August 9, 2024, 7:59 PM ET
ticker PGY
CIK 0001883085
earnings
confidence high
sentiment positive
materiality 0.80
Pagaya Q2 revenue $250M record, adj. EBITDA $50M; raises full-year outlook
Pagaya Technologies Ltd.
2024-Q2 EPS reported
-$1.41
revenue$495,620,000
- Record total revenue $250M (+28% YoY), record FRLPC $97M (+49% YoY), record adj. EBITDA $50M (+194% YoY).
- Network volume $2.3B (+19% YoY); FRLPC margin 4.2% (up 84 bps), target raised to 3.5-4.5%.
- Signed $1B forward flow with Castlelake, new enterprise partnerships (OneMain, top 5 bank), AAA rating on ABS.
- Full-year outlook raised: revenue $975M-$1,050M, adj. EBITDA $180M-$210M; on track for cash flow positive in 2025.
- GAAP operating income $5M positive; adjusted net income $7M positive; core opex cut by $25M annualized.
Machine-readable event card
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- secwatch.filing_event.v1
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- 0001883085-24-000086
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- company_name
- Pagaya Technologies Ltd.
- filed_at
- 2024-08-09T23:59:59+00:00
- discovered_at
- 2026-05-14T18:03:15.097598+00:00
- generated_at
- 2026-05-31T10:32:14.049890+00:00
- sec_items
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- event_type
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- sentiment
- positive
- materiality_score
- 0.8
- calibrated_materiality_score
- 0.8
- confidence
- high
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- https://secwatch.observer/filing/0001883085-24-000086
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- https://secwatch.observer/filing/0001883085-24-000086.json
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- https://secwatch.observer/filing/0001883085-24-000086.txt
- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1883085/000188308524000086/0001883085-24-000086-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1883085/000188308524000086/pgy-20240809.htm
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- review_status
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