earnings
confidence high
sentiment positive
materiality 0.88
Pagaya reports record Q2 net income $17M, raises FY2025 guidance
Pagaya Technologies Ltd.
2025-Q2 EPS reported
$0.29
revenue$616,387,000
- Record GAAP net income of $17M (up $91M YoY); adjusted EBITDA $86M (+72% YoY); revenue $326M (+30% YoY).
- Q3 outlook: network volume $2.75B-$2.95B, revenue $330M-$350M, adjusted EBITDA $90M-$100M.
- Raised FY2025 guidance: revenue $1.25B-$1.325B, adjusted EBITDA $345M-$370M, GAAP net income $55M-$75M.
- Issued $500M senior unsecured notes at 8.875% due 2030; ~$40M annualized cash savings from refinancing.
- First AAA-rated Auto ABS ($300M) and inaugural AAA-rated POSH ABS with $1B+ capacity over 12 months.
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