secwatch.observer — SEC 8-K summary
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Issuer:     Pagaya Technologies Ltd. (PGY)
CIK:        0001883085
Form:       8-K
Filed at:   2024-11-12T23:59:59+00:00
Accession:  0001883085-24-000180
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883085/000188308524000180/0001883085-24-000180-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883085/000188308524000180/pgy-20241112.htm
  HTML page:      https://secwatch.observer/filing/0001883085-24-000180

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