Workflow
Why Pagaya Technologies Is Skyrocketing Today
PGYPagaya Technologies .(PGY) The Motley Fool·2025-02-13 20:00

Core Insights - Pagaya Technologies' stock surged by 18.2% following the release of its fourth-quarter results, outperforming the S&P 500 and Nasdaq indices [1][2] - The company reported sales of approximately 279.39million,exceedinganalystexpectations,whileadjustedearningspersharewere279.39 million, exceeding analyst expectations, while adjusted earnings per share were 0.17, below the forecast of 0.32[3][4]FinancialPerformance−Year−over−yearsalesgrowthwasapproximately280.32 [3][4] Financial Performance - Year-over-year sales growth was approximately 28%, with a record network volume of 2.6 billion, driven primarily by personal loans [4] - Adjusted EBITDA for the quarter was 64million,surpassingpreviousguidanceof64 million, surpassing previous guidance of 49 million to 59million[4]FutureGuidance−ForQ1,Pagayaanticipatessalesbetween59 million [4] Future Guidance - For Q1, Pagaya anticipates sales between 280 million and 295million,indicatingagrowthofroughly17295 million, indicating a growth of roughly 17% at the midpoint [5] - Full-year revenue is projected to be between 1.15 billion and 1.28billion,suggestinganannualgrowthofapproximately20.71.28 billion, suggesting an annual growth of approximately 20.7% at the midpoint [6] - The company expects to achieve GAAP profitability by Q2, with net income projected between 10 million and $40 million for the full year [6][7]