secwatch.observer — SEC 8-K summary
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Issuer:     Pagaya Technologies Ltd. (PGY)
CIK:        0001883085
Form:       8-K
Filed at:   2025-07-17T23:59:59+00:00
Accession:  0001883085-25-000140
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pagaya prelim Q2 beats across all metrics; Net Income ~$17M vs $0-10M guidance
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- Preliminary Q2 revenue ~$326M, Network Volume ~$2.6B; both exceed top end of prior guidance.
- GAAP Net Income estimated ~$17M, significantly above $0-10M range; Adjusted EBITDA ~$86M (upper end).
- Company reiterates no equity or equity-linked issuance planned; focusing on balance sheet optimization.
- As of Dec 31, 2025, Pagaya loses EGC status, becomes large accelerated filer; Section 16 applies Jan 1, 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883085/000188308525000140/0001883085-25-000140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883085/000188308525000140/pgy-20250717.htm
  HTML page:      https://secwatch.observer/filing/0001883085-25-000140

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