---
schema_version: "secwatch.filing_event.v1"
accession: "0001883085-24-000086"
form_type: "8-K"
ticker: "PGY"
cik: "0001883085"
company_name: "Pagaya Technologies Ltd."
filed_at: "2024-08-09T23:59:59+00:00"
generated_at: "2026-05-31T10:32:14.049890+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pagaya Q2 revenue $250M record, adj. EBITDA $50M; raises full-year outlook

## Summary
- 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.

## SEC filing metadata
- accession: 0001883085-24-000086
- form_type: 8-K
- ticker: PGY
- cik: 0001883085
- company_name: Pagaya Technologies Ltd.
- filed_at: 2024-08-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883085/000188308524000086/0001883085-24-000086-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883085/000188308524000086/pgy-20240809.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883085-24-000086
- JSON: https://secwatch.observer/filing/0001883085-24-000086.json
- Plain text: https://secwatch.observer/filing/0001883085-24-000086.txt

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