Highest-materiality recent filing
Pagaya Q2 2026: Record net income $45M, revenue $387M, raises full-year guidance
Record GAAP net income of $45M (up $29M YoY); EPS $0.49; revenue $387M (+19% YoY).
Pagaya Q1 GAAP net income $25M; CFO transition announced; FY guidance raised
GAAP net income $25M (up $17M YoY), revenue $318M (+10%), Adjusted EBITDA $94M (+18%).
Pagaya Q4 GAAP net income $34M record; FY25 net income $81M; FY26 guidance issued
Q4 2025: GAAP net income $34M (up $272M YoY), adj. EBITDA $98M (+53%), revenue $335M (+20%), network volume $2.7B (+3%).
Pagaya Q3 net income $23M; raises FY25 guidance across all metrics
GAAP net income $23M (vs guidance $10-20M), up $90M YoY; revenue $350M, up 36%.
Pagaya expands revolver to $132M, slashes rate by 400 bps to SOFR+350
New $132M senior secured revolver replaces prior $58M facility; maturity October 2028.
Pagaya reports record Q2 net income $17M, raises FY2025 guidance
Record GAAP net income of $17M (up $91M YoY); adjusted EBITDA $86M (+72% YoY); revenue $326M (+30% YoY).
Pagaya closes upsized $500M 8.875% senior unsecured notes; 5x oversubscribed
$500M 8.875% senior unsecured notes due 2030 closed; upsized from original offering size.
Pagaya prices upsized $500M 8.875% senior unsecured notes due 2030 to refinance debt
Offering upsized to $500M from $450M; net proceeds est. ~$491M after discounts and expenses.
Pagaya subsidiary to offer $450M unsecured senior notes due 2030 for refinancing
Pagaya US intends to offer $450M unsecured senior notes due 2030 in a private offering.
Pagaya prelim Q2 beats across all metrics; Net Income ~$17M vs $0-10M guidance
Preliminary Q2 revenue ~$326M, Network Volume ~$2.6B; both exceed top end of prior guidance.
Pagaya Q1 GAAP net income $8M, record EBITDA $80M; raises FY guidance
GAAP net income of $8M, up $29M YoY, ahead of ($20M) to breakeven outlook; first profitable quarter.
Pagaya guides to GAAP profitability in Q2 2025; Q4 revenue $279M, EBITDA $64M beat
Q4 network volume $2.6B (high-end guidance), +9% YoY; full-year $9.7B +17%.
Pagaya Q3 revenue $257M (+21% YoY); adj EBITDA record $56M; net loss $67M; FY guidance updated
Network volume $2.4B (+11% YoY), in line with outlook of $2.3B-$2.5B.
Pagaya completes Theorem acquisition; issues up to 505,602 shares; expects 2025 accretion
Acquired 100% of Theorem Technology; combined credit fund platform exceeds $3B in AUM.
Pagaya issues $160M 6.125% exchangeable notes due 2029; refinances higher-cost debt
Issued $160M aggregate principal of 6.125% Exchangeable Senior Notes due 2029.
Pagaya US Holding Co. priced $125M in Exchangeable Senior Notes due 2029; underwriters have 13-day option for additional $18.75M.
Pagaya and Castlelake agree on forward flow for up to $1B consumer loan purchases
Castlelake to purchase up to $1 billion in consumer loans originated on Pagaya network, subject to terms and conditions.
Pagaya Q2 revenue $250M record, adj. EBITDA $50M; raises full-year outlook
Record total revenue $250M (+28% YoY), record FRLPC $97M (+49% YoY), record adj. EBITDA $50M (+194% YoY).
Pagaya agrees to buy Theorem Technology, adds $3B in fund capital, expected close Q4 2024
Pagaya to acquire 100% of Theorem Technology, a consumer credit funds manager, for undisclosed terms.
Pagaya raises FY24 adj. EBITDA guidance to $160-200M, cites $25M cost savings
Workforce reduction and other initiatives expected to reduce annual core operating expenses by ~$25M.
Pagaya Q1: record volume $2.42B, revenue $245M, adj. EBITDA $40M; POS partner Elavon
Network volume $2.42B (+31% YoY), total revenue $245M (+31% YoY), both above guidance ranges.
Jonathan Dobres, currently Chief Strategy Officer, will assume the role of Chief Financial Officer on that date.
Evangelos Perros, Chief Financial Officer, has decided to step down from his role with the Company effective June 15, 2026.
Effective as of September 20, 2024, and until such time as a replacement is named, Nam Woo Kim, the Company’s Vice President of Accounting and Financial Reporting, will assume the responsibilities of principal accounting officer on an interim basis.
On September 10, 2024, Scott Bower notified Pagaya Technologies Ltd. (“Pagaya” or the “Company”) of his resignation as principal accounting officer of the Company, effective September 20, 2024.
Tami Rosen (“Ms. Rosen”) has been appointed by Pagaya Technologies Ltd.’s Board of Directors (the “Board”) to serve as a director of the Company to fill the vacancy created by the resignation of Amy Pressman
Ms. Pressman’s resignation was due to personal reasons and she is supportive of Ms. Rosen’s appointment.
Max materiality 0.88 · Median 0.75 · Most common event earnings