Financial Performance - Network Volume reached $2.802 billion in 3Q'25, a 19% increase compared to $2.351 billion in 3Q'24[12] - Total revenue & other income increased by 36% from $257 million in 3Q'24 to $350 million in 3Q'25[12] - Fee revenue less production costs (FRLPC) grew by 39% from $100 million in 3Q'24 to $139 million in 3Q'25[12] - Adjusted EBITDA increased by 91% from $56 million in 3Q'24 to $107 million in 3Q'25[12] - The company achieved a Net Income of $23 million in 3Q'25, a significant improvement of $90 million compared to a loss of $67 million in 3Q'24[12, 14] Operating Metrics - The company's ABS issuance reached $7.4 billion TTM (Trailing Twelve Months) in 3Q'25[34] - Applications evaluated in 3Q'25 totaled $266 billion, representing a 12% quarter-over-quarter increase[35] - The conversion rate of applications to issued loans was approximately 1% in 3Q'25[35] FRLPC Evolution - FRLPC % (Fee revenue less production costs as a % of network volume) reached 5% in 3Q'25[56], with a target of 4%-5% for 2025[17] - AI integration contributed $309 million to fee revenue in 3Q'25[22]

PAGAYA TECHNOLOGIES LTD. 1Q'25 Earnings Supplement May 7, 2025 1 Forward Looking Statements and Non-GAAP Information Certain comments made in this presentation may be characterized as forward looking under the Private Securities Litigation Reform Act of 1995. Forward looking statements are based on the Company's current assumptions regarding future business and financial performance. Those statements by their nature address matters that are uncertain to different degrees. Those statements involve a number o ...