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San Francisco, California--(Newsfile Corp. - February 9, 2026) - National shareholder rights law firm Hagens Berman is notifying investors in Klarna Group plc (NYSE: KLAR) of the upcoming February 20, 2026, lead plaintiff deadline in a pending securities class action. The firm is actively investigating the lawsuit's claims of alleged misstatements in Klarna's September 2025 Initial Public Offering (IPO) documents.CLICK HERE TO SUBMIT YOUR KLARNA LOSSESInvestors who purchased Klarna (KLAR) shares pursuant t ...

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Earnings Reports Overview - A high-volume slate of earnings reports from the technology, consumer discretionary, and energy sectors is scheduled, which will provide insights into current market momentum and investor sentiment [1] - Companies such as Monday.com Ltd. and Pagaya Technologies Ltd. have already reported their earnings before the market opened on February 9 [1] Key Earnings Estimates - Analysts expect a commission-free brokerage platform to announce an EPS of 63 cents, reflecting a 16% increase from the same period last year, and quarterly revenue of $1.33 billion, up from $1.01 billion last year, marking a 4.7% increase compared to the third quarter [2] - Nebius Group N.V. is anticipated to report a loss of $1.14 per share and revenue of $246.05 million [3] Notable Company Performances - AppLovin shares have declined over 33% year-to-date, indicating potential challenges in the consumer staple and tech sectors [3] - Coinbase Global, Inc. is expected to report earnings of 68 cents per share on revenue of $1.86 billion, with a focus on offsetting a projected 33% drop in transaction revenue through its stablecoin and subscription services [5]

Figure’s Home Equity Line of Credit token, or Figure Heloc, is getting big. The asset, which represents loans taken out through Figure against real estate, has grown to more than $15 billion in recent months, making it the 10th-largest crypto token listed on platforms like CoinGecko. Yet as its supply swells, critics argue it shouldn’t be compared to other crypto assets such as Cardano’s ADA and the $16 billion memecoin, Dogecoin. They argue that the token’s lack of onchain use and poor liquidity raise ...

Impactive Capital has nominated four candidates for election to the board of WEX at its upcoming annual shareholders' meeting, the activist investor said on Monday, ramping up pressure on the fintech ... ...

Core Insights - Pagaya Technologies reported strong financial results for Q4 2025, with revenue of $335 million and adjusted EBITDA of $98 million, reflecting a 29% margin [1][3][4] - The company emphasized a disciplined approach towards profitability and risk management, achieving its fourth consecutive quarter of GAAP net income [3][4][7] Financial Performance - Q4 revenue was $335 million, with Fee Revenue Less Production Costs (FRLPC) at $131 million, representing 4.9% of network volume [1][4] - For the full year, Pagaya achieved $1.3 billion in revenue, a 26% increase year-over-year, and $371 million in adjusted EBITDA, up 76% [3][4] - GAAP net income for the year was $81 million, with earnings per share (EPS) of $0.93, marking a significant improvement from the previous year [3][4] Risk Management - The company has tightened its risk posture, reducing exposure to higher-risk segments, which led to a volume reduction of approximately $100 million to $150 million in Q4 without impacting profitability [6][10][11] - Management noted that credit performance across personal loans, auto, and point-of-sale (POS) remained within expectations and risk tolerance [23] Product and Funding Diversification - Pagaya expanded its funding and product offerings, issuing $2.9 billion across seven ABS transactions in Q4 and establishing new partnerships [5][19] - The company is diversifying its capital structure away from reliance on pre-funded ABS structures towards more committed capital arrangements [18] Future Guidance - For FY 2026, Pagaya targets revenue between $1.4 billion and $1.575 billion, with adjusted EBITDA guidance of $410 million to $460 million [6][27] - The company anticipates a FRLPC margin of 4% to 5% for 2026, with expectations of a reduction due to POS expansion and new partner contributions [25]

Core Insights - Crypto venture capital funds are facing an identity crisis due to declining digital asset prices and market consolidations, revealing the industry's fragility in building sustainable businesses [1][2] - Retail traders are moving away from digital art and memecoins, with token prices crashing significantly, prompting crypto VCs to adopt a more traditional startup approach focused on product-market fit and long-term user retention [2][3] Market Performance - Bitcoin's price has dropped nearly 50% from its record high in October, while smaller altcoins have seen declines of up to 70% year over year, indicating a significant downturn in retail demand for cryptocurrencies [3] - Despite a crypto-friendly regulatory environment, the demand that previously fueled venture capital investments in tokens has diminished [3] Investment Shifts - Crypto-native funds are shifting their focus towards more stable areas such as stablecoin infrastructure and on-chain prediction markets, while also exploring adjacent sectors like fintech and AI [4][6] - Prominent crypto investment firms are pivoting towards deep tech investments, including robotics, as the focus moves away from traditional crypto sectors like NFTs and gaming [6] Fundraising Landscape - In 2025, venture firms invested $18.9 billion into crypto startups, a figure that, while substantial, is below the speculative highs of 2021 and 2022, and highlights a concentration of capital in a few major deals [7] - Nearly a third of the total VC investment in 2025 was allocated to just four deals, indicating a trend towards concentrated capital deployment in the crypto sector [7]

Financial Data and Key Metrics Changes - In Q4 2025, the company achieved GAAP net income of $34 million and operating cash flow of $80 million, marking a significant turnaround from a loss of $238 million in the previous year [6][27] - For the full year 2025, revenues reached $1.3 billion, up 26% year-over-year, with adjusted EBITDA of $371 million, up 76% year-over-year, and GAAP net income of $81 million, a $483 million improvement compared to 2024 [6][21] - The fourth quarter revenue was $335 million, with a 29% adjusted EBITDA margin, and FRLPC (Fee Revenue Less Production Costs) was $131 million, up 12% year-over-year [22][24] Business Line Data and Key Metrics Changes - Personal loans accounted for approximately 65% of total network volume, growing 10% year-over-year, while auto and point-of-sale (POS) represented 19% and 16% of quarterly network volume, respectively [22] - The company reported a network volume of $2.7 billion for Q4, up 3% year-over-year, with full-year network volume at $10.5 billion, up 9% [22][23] Market Data and Key Metrics Changes - The company noted a proactive tightening of production in certain areas to mitigate higher variability of credit outcomes, which resulted in a reduction of approximately $100 million-$150 million in fourth quarter volume without impacting profitability targets [23][24] - The company has diversified its funding sources, creating almost $3 billion of revolving capacity through ABS structures across point-of-sale and personal loans [12][30] Company Strategy and Development Direction - The company is focused on sustainable, profitable growth, emphasizing prudent risk management over short-term gains, and aims to build a B2B2C platform that integrates deeply into the U.S. financial ecosystem [8][13] - Future growth is expected to come from onboarding new partners and deepening existing relationships, with a robust pipeline of new partner launches anticipated [9][14] Management's Comments on Operating Environment and Future Outlook - Management highlighted that while consumer performance remains strong, there is increased uncertainty in the market, prompting a cautious approach to credit exposure [18][66] - The guidance for 2026 reflects a cautious outlook, with expected GAAP net income ranging from $100 million to $150 million, assuming current market conditions persist [35][61] Other Important Information - The company has established long-term agreements with major partners, enhancing business stability and alignment [10][14] - The company reported a significant improvement in operating leverage, with core operating expenses declining to 36% of FRLPC, a 13-point improvement year-over-year [26] Q&A Session Summary Question: Can you elaborate on the decision to move away from variable outcomes? - Management emphasized the importance of prudent risk management over short-term growth, noting that they are not reliant on marketing spend to generate volume, allowing for more flexibility in decision-making [37][40] Question: How is the funding environment looking for 2026? - Management indicated strong demand for their products and noted that the funding environment is becoming more disciplined, which is beneficial for the company [58][59] Question: What specific actions were taken to pull back on risk? - The company primarily pulled back across the entire portfolio, with a focus on personal and auto loans due to the growth seen in POS [73]

Core Viewpoint - A recent selloff in the market has created an opportunity to invest in a company identified as "one of the most compelling long-term compounders in fintech" according to Citizens JMP [1] Company Summary - The company is positioned as a strong long-term investment within the fintech sector, suggesting robust growth potential and sustainability in its business model [1]