Pagaya Technologies reported quarterly earnings of 80 cents per share which beat the analyst consensus estimate of 69 cents per share. The company reported quarterly sales of $321.036 million which missed the analyst consensus estimate of $349.048 million.Pagaya Techs said it sees first-quarter sales of $315.000 million to $335.000 million, versus market estimates of $346.734 million.“Our fourth quarter and full-year results demonstrate, again, the benefits of years of work to position our company for long- ...

Stephens adjusts Pagaya Technologies Ltd. (NASDAQ:PGY) rating to "Overweight" with a revised price target of $25.Pagaya's stock experiences a significant drop despite reporting strong double- and triple-digit growth in its latest quarter.The company's non-GAAP net income rose nearly sixfold, significantly surpassing consensus estimates.Pagaya Technologies Ltd. (NASDAQ:PGY) is a global technology company that focuses on artificial intelligence infrastructure within the financial ecosystem. Recently, Stephens ...

Core Viewpoint - Pagaya Technologies Ltd. is a financial technology company utilizing artificial intelligence to enhance decision-making in the financial sector, with a price target of $33 set by Benchmark Co., indicating a potential increase of 132% from its current price of $14.19 [1][5] Financial Performance - The Q4 2025 earnings call revealed that despite the current stock price of $14.19, which is a decrease of 23.87% from previous levels, the company is committed to its long-term growth strategy [2][5] - The company's stock has shown significant volatility, with a 52-week high of $44.99 and a low of $8.50, which is crucial for investors to consider [3][5] Market Activity - Pagaya's market capitalization is approximately $1.14 billion, reflecting its size in the financial technology sector [3] - The trading volume for NASDAQ:PGY is 23,772,868 shares, indicating active investor interest that can influence stock price movements and liquidity [4]

The fintech didn't meet the high expectations of Mr. Market.Next-generation fintech Pagaya Technologies (PGY 23.87%) wasn't exactly looking like the stock of the future on Monday. It posted quarterly results that displeased the market, leading to a share price slide of almost 24%. Good, but not good enoughReporting both its fourth-quarter and annual results, Pagaya divulged that it earned $335 million in total revenue and other income for the quarter. This was 20% higher year over year. However, the company ...

Core Insights - Pagaya Technologies Ltd. (NASDAQ: PGY) is a global technology company focused on artificial intelligence infrastructure within the financial ecosystem, headquartered in New York and Tel Aviv [1] - The company reported earnings per share (EPS) of $0.36, which was below the estimated $0.75, indicating ongoing challenges in profitability [2][6] - PGY's revenue for the period was approximately $334.8 million, missing the estimated $349.5 million, suggesting potential growth concerns [3][6] Financial Metrics - The price-to-sales ratio of PGY is 0.91, indicating that the stock is valued at less than its sales, reflecting investor caution regarding future growth prospects [3] - The current ratio of 5.11 suggests good short-term liquidity, indicating that the company is well-positioned to meet its short-term obligations [4][6] - The debt-to-equity ratio of 1.71 highlights a higher level of debt compared to equity, which could pose risks if not managed carefully [4][6] - The enterprise value to sales ratio is 1.39, and the enterprise value to operating cash flow ratio is 8.84, suggesting challenges in generating cash flow from operations despite a higher valuation than sales [5]

Perros reported fourth quarter revenue of $335 million , with Fee Revenue Less Production Costs (FRLPC) of $131 million and adjusted EBITDA of $98 million , representing a 29% adjusted EBITDA margin . He said FRLPC was 4.9% of network volume , which management framed as strong monetization while remaining disciplined on risk.CFO Evangelos Perros said the financial results reflected work over multiple years to strengthen Pagaya’s operating model, capital structure, and data and risk infrastructure. He added ...

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]

Pagaya Technologies (NasdaqCM:PGY) Q4 2025 Earnings call February 09, 2026 08:30 AM ET Company ParticipantsEvangelos Perros - CFOGal Krubiner - CEOHal Goetsch - Senior Managing Director and Head of FinTech and FinancialsJosh Fagen - Head of Investor Relations and COO of FinanceKyle Joseph - Managing DirectorRayna Kumar - Head of Fintech Equity ResearchSanjiv Das - PresidentConference Call ParticipantsDavid Scharf - Managing Director and Equity Research AnalystJohn Hecht - Managing Director and Senior Equity ...

Pagaya Technologies (NasdaqCM:PGY) Q4 2025 Earnings call February 09, 2026 08:30 AM ET Speaker2Please note this conference is being recorded. I will now turn the conference over to Josh Fagen, Head of Investor Relations and COO of Finance. Thank you, you may begin.Speaker1Thank you, and welcome to Pagaya's fourth quarter and full year 2025 earnings conference call. Joining me today to talk about our business and results are Gal Krubiner, Chief Executive Officer of Pagaya; Sanjiv Das, President; and Evangelo ...

PAGAYA TECHNOLOGIES LTD. 4Q'25 Earnings Supplement February 9, 2026 1 Forward Looking Statements and Non-GAAP Information 01 Financial Metrics Additional information concerning these factors is contained in the Company's filings with the SEC. Copies are available from the SEC, from the Pagaya website, or from Pagaya Investor Relations. Any forward-looking statement made in this presentation speaks only as of the date on which it is made. The Company assumes no obligation to update or revise any forward-look ...