8-K
filed May 7, 2025, 7:59 PM ET
ticker PGY
CIK 0001883085
earnings
confidence high
sentiment positive
materiality 0.85
Pagaya Q1 GAAP net income $8M, record EBITDA $80M; raises FY guidance
Pagaya Technologies Ltd.
2025-Q1 EPS reported
$0.10
revenue$289,989,000
- GAAP net income of $8M, up $29M YoY, ahead of ($20M) to breakeven outlook; first profitable quarter.
- Record adjusted EBITDA $80M (+100% YoY), record total revenue $290M (+18%).
- Network volume $2.4B flat YoY (missed guidance due to SFR pullback); personal loan + auto ex-SFR grew 26%.
- FRLPC $116M (+26%); FRLPC margin 4.8% (+100bps); core opEx/FRLPC at record low 38%.
- Raises FY25 guidance: GAAP NI $10-45M, Adj. EBITDA $290-330M, Revenue $1.175-1.3B.
Machine-readable event card
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- 0001883085-25-000080
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- Pagaya Technologies Ltd.
- filed_at
- 2025-05-07T23:59:59+00:00
- discovered_at
- 2026-05-14T18:02:50.364977+00:00
- generated_at
- 2026-05-22T09:18:08.040907+00:00
- sec_items
- ["2.02", "7.01", "9.01"]
- event_type
- earnings
- sentiment
- positive
- materiality_score
- 0.85
- calibrated_materiality_score
- 0.85
- confidence
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- https://secwatch.observer/filing/0001883085-25-000080
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- https://secwatch.observer/filing/0001883085-25-000080.json
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- https://secwatch.observer/filing/0001883085-25-000080.md
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- edgar_index_url
- https://www.sec.gov/Archives/edgar/data/1883085/000188308525000080/0001883085-25-000080-index.htm
- edgar_primary_document_url
- https://www.sec.gov/Archives/edgar/data/1883085/000188308525000080/pgy-20250507.htm
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