earnings
confidence high
sentiment positive
materiality 0.75
Pagaya Q3 revenue $257M (+21% YoY); adj EBITDA record $56M; net loss $67M; FY guidance updated
Pagaya Technologies Ltd.
2024-Q3 EPS reported
-$2.35
revenue$752,854,000
- Network volume $2.4B (+11% YoY), in line with outlook of $2.3B-$2.5B.
- Record total revenue $257M (+21% YoY); FRLPC $100M record (4.3% of network volume).
- Adjusted EBITDA record $56M (margin 21.8%), up from $28M YoY; GAAP operating income $22M.
- Net loss attributable $67M vs $22M YoY, impacted by non-cash fair value adjustments and SBC.
- FY24 outlook: network volume $9.5B-$9.7B; total revenue $1.01B-$1.025B; adj EBITDA $195M-$205M.