Pagaya Technologies Ltd. (PGY) Reports Q4 Earnings: What Key Metrics Have to Say

Core Insights - Pagaya Technologies Ltd. reported revenue of $279.39 million for the quarter ended December 2024, reflecting a year-over-year increase of 28.1% [1] - The earnings per share (EPS) for the quarter was $0.17, down from $0.24 in the same quarter last year, indicating a decline [1] - The revenue exceeded the Zacks Consensus Estimate of $264.28 million by 5.72%, while the EPS fell short of the consensus estimate of $0.32 by 46.88% [1] Financial Performance Metrics - Network Volume reached $2.60 billion, surpassing the average estimate of $2.55 billion from two analysts [4] - Interest income was reported at $7.62 million, which is below the average estimate of $8.27 million, representing a year-over-year decline of 2.1% [4] - Revenue from fees amounted to $275.67 million, exceeding the average estimate of $257.45 million, and showing a year-over-year increase of 31% [4] Stock Performance - Over the past month, shares of Pagaya Technologies Ltd. have returned +33.7%, significantly outperforming the Zacks S&P 500 composite's +3.9% change [3] - The stock currently holds a Zacks Rank 4 (Sell), suggesting potential underperformance relative to the broader market in the near term [3]