---
schema_version: "secwatch.filing_event.v1"
accession: "0001883085-24-000180"
form_type: "8-K"
ticker: "PGY"
cik: "0001883085"
company_name: "Pagaya Technologies Ltd."
filed_at: "2024-11-12T23:59:59+00:00"
generated_at: "2026-05-30T02:17:35.830732+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pagaya Q3 revenue $257M (+21% YoY); adj EBITDA record $56M; net loss $67M; FY guidance updated

## Summary
- 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.

## SEC filing metadata
- accession: 0001883085-24-000180
- form_type: 8-K
- ticker: PGY
- cik: 0001883085
- company_name: Pagaya Technologies Ltd.
- filed_at: 2024-11-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883085/000188308524000180/0001883085-24-000180-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883085/000188308524000180/pgy-20241112.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883085-24-000180
- JSON: https://secwatch.observer/filing/0001883085-24-000180.json
- Plain text: https://secwatch.observer/filing/0001883085-24-000180.txt

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