Group 1 - Pagaya Technologies is a financial technology company that utilizes proprietary data and an internal AI model to underwrite asset-backed securities (ABS) loans [1] - The company collaborates with over 30 lending partners and more than 100 capital partners to fund these loans [1] - Pagaya primarily focuses on personal loans [1]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-41430 Pagaya Technologies Ltd. (Exact name of Registrant as specified in its charter) Israel 98-1704718 (State or other jurisdiction ...

Pagaya (NASDAQ: PGY ) reported its operating results for Q4 and provided its outlook for 2025. At some level, the results were decent-depends on how one definesBert Hochfeld graduated with a degree in economics from the University of Pennsylvania and received an MBA from Harvard. Mr. Hochfeld has enjoyed a long career in the tech world, working for IBM, Memorex/Telex, Raytheon Data Systems, and BMC Software. Starting in the 1990s, Mr. Hochfeld worked as a sell-side analyst and won awards from the Wall Stree ...

In May last year, I initiated my coverage on Pagaya Technologies Ltd. (NASDAQ: PGY ) with a buy rating thanks to the robust growth of its network volume, improving bottom line performance, and its efforts to reduce risk exposure. Since then, the stock isAs a former managing editor at a financial media publication focused on mid and small caps, I am using my experience to present investment opportunities in undervalued companies. My experience, combined with my academic background in financial markets and in ...

Pagaya Technologies Ltd. (NASDAQ: PGY ) is, at its core, a financial technology company that's mainly focused on products that use data science and its own proprietary AI to make financial services work better for institutions and investors. TheThe mission of Grassroots Trading rests on the following principles: providing objective, unbiased, and balanced research, backed by solid data and completely void of emotional influences or preference for companies; focusing on small- to mid-cap companies, offering ...

NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of  Pagaya Technologies Ltd ("Pagaya" or the "Company") (NASDAQ: PGY). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext. 7980.The investigation concerns whether Pagaya and certain of its officers and/or directors have engaged in securities fraud or other unlawful business practices. [Click here for information about joining the class action] On February 11, 2025 ...

Pagaya Technologies (PGY 20.24%) stock is soaring Thursday. The fintech company's share price was up 18.2% as of 2 p.m. ET amid gains of 0.5% for the S&P 500 index and a 0.9% increase for the Nasdaq Composite index. The stock had been up as much as 29.7% earlier in the session.Pagaya published its fourth-quarter results before the market opened this morning, reporting sales that beat expectations and earnings that missed the market's target. Despite the miss on profitability, the company outperformed in oth ...

Financial Data and Key Metrics Changes - Pagaya closed 2024 with annual revenue exceeding $1 billion, representing a 27% year-over-year increase [8] - Fee revenue less production costs (FRLPC) reached $407 million, up 54% year-over-year [9] - Adjusted EBITDA was $210 million, reflecting a 156% year-over-year growth [9] - The company reported a net loss of $238 million, primarily due to fair value adjustments [51] Business Line Data and Key Metrics Changes - Personal loans, the most mature product, saw a 24% organic growth to $1.6 billion [28] - Auto lending experienced a nearly $1 billion annualized run rate with a sequential growth of just under 40% in Q4 [32] - Point of Sale (POS) loans demonstrated significant growth with over 170% sequential growth in Q4, achieving a run rate of more than $1 billion [33] Market Data and Key Metrics Changes - The company processed over $2.6 trillion in loan applications across its network, resulting in $28 billion in loans originated for 2 million people [14] - The quarterly application volume was $197 billion, indicating deep integration with large lending institutions [38] Company Strategy and Development Direction - Pagaya aims to enhance financial inclusion by providing credit products to traditionally underserved customers [12] - The company is focused on disciplined growth and operational efficiency, expecting to achieve GAAP net income positive by Q2 2025 [23][40] - A forward flow agreement with Blue Owl Capital to purchase up to $2.4 billion in consumer loans underscores the demand for high-quality loans [17] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to generate consistent growth and profitability moving forward [11] - The company has built a robust infrastructure to predict and manage credit-related impairments, reducing the likelihood of future losses [74] - The outlook for 2025 includes expectations for network volume between $10.25 billion and $11.75 billion, with total revenue projected at $1.15 billion to $1.275 billion [66] Other Important Information - The company has restructured its balance sheet and enhanced its liquidity profile, indicating no need for equity capital moving forward [20] - The fair value of the investment portfolio was adjusted downward by $156 million, primarily due to 2023 vintages [61] Q&A Session Summary Question: Can you provide more detail on the fair value marks in the quarter? - Management acknowledged that the marks were larger than in prior quarters, primarily driven by 2023 vintages, and expressed confidence that future losses would be minimal due to improved credit performance [70][72] Question: How does the current operating environment affect your guidance? - Management indicated that the guidance reflects a stable operating environment, with consumer FICOs and delinquencies remaining stable [104] Question: What is the expected mix of network volume this year? - The company expects personal loans to continue growing, with significant investment in auto and POS platforms, which are anticipated to yield higher ROI [110]

Pagaya Technologies delivered impressive fourth-quarter results, surpassing analysts' estimates on multiple metrics.Pagaya Technologies (PGY 23.51%), a leader in AI-powered financial technology solutions, released its fourth-quarter results on Feb. 13. The company reported non-GAAP EPS of $0.17, far exceeding the consensus estimate for a loss of $0.52 per share. Total revenue for the quarter was $279 million, surpassing projections and reflecting strong year-over-year growth. The results paint a robust pict ...

For the quarter ended December 2024, Pagaya Technologies Ltd. (PGY) reported revenue of $279.39 million, up 28.1% over the same period last year. EPS came in at $0.17, compared to $0.24 in the year-ago quarter.The reported revenue represents a surprise of +5.72% over the Zacks Consensus Estimate of $264.28 million. With the consensus EPS estimate being $0.32, the EPS surprise was -46.88%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations ...