secwatch.observer — SEC 8-K summary
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Issuer:     Pagaya Technologies Ltd. (PGY)
CIK:        0001883085
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001883085-26-000027
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 5.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1883085/000188308526000027/0001883085-26-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1883085/000188308526000027/pgy-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001883085-26-000027

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