earnings
confidence high
sentiment positive
materiality 0.85
Pagaya Q4 GAAP net income $34M record; FY25 net income $81M; FY26 guidance issued
Pagaya Technologies Ltd.
2025-FY EPS reported
$0.93
revenue$1,301,360,000
- Q4 2025: GAAP net income $34M (up $272M YoY), adj. EBITDA $98M (+53%), revenue $335M (+20%), network volume $2.7B (+3%).
- FY 2025: GAAP net income $81M (up $483M YoY), adj. EBITDA $371M (+76%), revenue $1.3B (+26%), network volume $10.5B (+9%).
- Inaugural POS forward flow with Sound Point ($720M) and $350M PAID revolving ABS with 26North (up to $700M capacity).
- Onboarded 3 new partners (Achieve, GLS, major BNPL provider); cut tail-risk tiers to limit credit exposure.
- Q1'26 guidance: volume $2.5-2.7B, adj. EBITDA $80-95M, GAAP net income $15-35M. FY'26 guidance: volume $11.25-13B, adj. EBITDA $410-460M, net income $100-150M.