---
schema_version: "secwatch.filing_event.v1"
accession: "0001883085-26-000027"
form_type: "8-K"
ticker: "PGY"
cik: "0001883085"
company_name: "Pagaya Technologies Ltd."
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T22:02:46.316811+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Pagaya Q1 GAAP net income $25M; CFO transition announced; FY guidance raised

## Summary
- GAAP net income $25M (up $17M YoY), revenue $318M (+10%), Adjusted EBITDA $94M (+18%).
- Network volume $2.6B (+9% YoY); FY GAAP net income guidance raised to $110-160M.
- CFO Evangelos Perros steps down June 15; Chief Strategy Officer Jonathan Dobres named successor.
- Onboarded 4 new partners YTD (Upstart, GLS, Sezzle, Flex Pay).
- First AAA Fitch rating on $368M PAID resecuritization; $2.1B ABS funding raised in Q1.

## SEC filing metadata
- accession: 0001883085-26-000027
- form_type: 8-K
- ticker: PGY
- cik: 0001883085
- company_name: Pagaya Technologies Ltd.
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 5.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1883085/000188308526000027/0001883085-26-000027-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1883085/000188308526000027/pgy-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001883085-26-000027
- JSON: https://secwatch.observer/filing/0001883085-26-000027.json
- Plain text: https://secwatch.observer/filing/0001883085-26-000027.txt

## Source-grounded claims
- claim_id: 4e61b1f1b194a08880e8357368837afd7ce30498
  claim: Pagaya Technologies Ltd. updated its Full-Year 2026 guidance (raised).
  evidence_excerpt: Pagaya Reports First Quarter 2026 Results & Raising Full-Year Net Income Guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883085/000188308526000027/0001883085-26-000027-index.htm
- claim_id: 6c4e0a7379d96060227e22cddebdf2b3ffdb8d83
  claim: Pagaya Technologies Ltd. reported the quarter ended March 31, 2026 results: revenue $318 million, net income $25 million. Guidance raised.
  evidence_excerpt: Raising Full-Year Net Income Guidance Reported solid performance across key metrics • $25 million GAAP net income; up $17 million YoY • $94 million Adjusted EBITDA; up 18% YoY • $318 million Total revenue and other income; up 10% YoY • $2.6 billion Network volume; up 9% YoY New York, NY and Tel Aviv, Israel – May 7, 2026 – Pagaya Technologies Ltd. (NASDAQ: PGY)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883085/000188308526000027/0001883085-26-000027-index.htm
- claim_id: aec651b4ca
  claim: Jonathan Dobres changed role as Chief Financial Officer at Pagaya Technologies Ltd..
  evidence_excerpt: Jonathan Dobres, currently Chief Strategy Officer, will assume the role of Chief Financial Officer on that date.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883085/000188308526000027/0001883085-26-000027-index.htm
- claim_id: f5132b45f1
  claim: Evangelos Perros departed as Chief Financial Officer at Pagaya Technologies Ltd..
  evidence_excerpt: Evangelos Perros, Chief Financial Officer, has decided to step down from his role with the Company effective June 15, 2026.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1883085/000188308526000027/0001883085-26-000027-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.