Pagaya Technologies Ltd. Stock Price, News & Analysis

Pagaya Technologies (NASDAQ: PGY) reported strong Q1 2025 financial results, achieving GAAP profitability ahead of schedule. Key highlights include:

- Net income of $8 million, a $29 million YoY improvement - Record Adjusted EBITDA of $80 million, up 100% YoY - Record total revenue of $290 million, up 18% YoY - Network volume of $2.4 billion - Raised $1.4 billion across 3 transactions and added 3 new investors

The company raised its full-year 2025 guidance: - Revenue: $1.175-1.3 billion - Adjusted EBITDA: $290-330 million - GAAP Net Income: $10-45 million - Network Volume: $9.5-11 billion

Capitolis, a financial technology company, has appointed Amol Naik as Chief Operating Officer (COO), effective May 5, 2025. Naik, who previously served as COO at Pagaya (NASDAQ: PGY) and spent 23 years at Goldman Sachs as a Partner, brings over 25 years of experience in financial services. The appointment comes during a period of significant growth for Capitolis, which has recently launched new solutions, expanded its client network, received strategic bank investments, and acquired Capitalab. Under CEO Gil Mandelzis, Naik will manage day-to-day operations and drive company-wide execution of business strategy. Capitolis, founded in 2017, has received recognition from various institutions including Inc., Euromoney, CNBC, and Fast Company for its innovative financial market solutions.

Pagaya Technologies, a global AI-driven financial technology company, has announced its management team's participation in three major investor conferences this May 2025.

The company will be present at:

• The Oppenheimer 26th Annual Israeli Conference in Tel Aviv, Israel (May 18-20)
• The Barclays Emerging Payments and FinTech Forum in New York, NY (May 19)
• The B. Riley 25th Annual Investor Conference in Marina del Rey, CA (May 21)

These conferences provide Pagaya an opportunity to showcase its AI-driven product solutions for the financial ecosystem to potential investors and industry stakeholders.

Pagaya Technologies (NASDAQ: PGY) has successfully closed a new $500 million AAA-rated personal loan ABS transaction (PAID 2025-3), demonstrating strong investor confidence. The company raised approximately $800 million across all ABS transactions in the past 3 days, with total funding exceeding $1 billion across all sources in April.

The latest transaction marks Pagaya's 9th consecutive AAA-Rated Personal Loan ABS deal and was oversubscribed with 32 unique investors, mostly repeat participants. Since its inception, Pagaya has raised over $28 billion across 69 ABS transactions for various products, including personal and auto loans, maintaining its position as the leading ABS issuer of personal loans in the U.S.

Pagaya Technologies (NASDAQ: PGY) has scheduled its first quarter 2025 earnings announcement for May 7, 2025. The company will host a conference call to discuss the results on the same day at 8:30 a.m. ET / 3:30 p.m. IDT. Interested parties can access the live webcast through Pagaya's investor relations website at investor.pagaya.com, where a replay will also be available after the event.

Pagaya Technologies (NASDAQ: PGY) has successfully priced a new $295 million AA-rated auto loan ABS transaction (RPM 2025-2), marking their second ~$300 million Auto ABS deal of 2025. This transaction demonstrates continued investor confidence despite market volatility.

The company has raised over $3 billion in expected capital year-to-date across all asset classes in their ABS and forward-flow programs. Their RPM shelf, now in its sixth year, has established a reputation for consistent execution and performance. Since 2018, Pagaya has raised more than $27 billion across 67 ABS transactions to fund loan originations in multiple products, including personal loan and auto.

Pagaya Technologies (NASDAQ: PGY) has successfully closed a $500 million AAA-rated personal loan ABS transaction (PAID 2025-2), marking their 8th consecutive AAA-rated Personal Loan ABS deal. The company maintains its position as the #1 ABS issuer of personal loans in the United States.

Since 2018, Pagaya has accumulated over $27 billion across 67 ABS transactions to fund loan originations in multiple products, including personal loan and auto. According to Sahil Chandiramani, Pagaya's Head of Capital Markets, the company is experiencing continued demand from investors, achieving declining cost of capital and more efficient structures, while significantly reducing risk retention levels.

Pagaya Technologies (NASDAQ: PGY) reported strong Q4 and full-year 2024 results, exceeding all guided operational metrics. The company achieved record network volume of $2.6 billion in Q4'24, up 9% year-over-year, and $9.7 billion for FY'24, a 17% increase.

Total revenue reached $279 million in Q4'24 and $1.03 billion for FY'24, growing 28% and 27% respectively. The company reported a net loss of $238 million in Q4'24 and $401 million for FY'24, impacted by fair value adjustments including a $156 million investment portfolio markdown.

Looking ahead, Pagaya expects Q1'25 network volume between $2.5-2.7 billion and FY'25 network volume of $10.25-11.75 billion. The company anticipates achieving GAAP profitability in Q2'25, with full-year 2025 GAAP net income projected between -$10 million and $40 million.

Pagaya Technologies (NASDAQ: PGY) has closed a $300 million AA-rated auto loan ABS transaction (RPM 2025-1), marking its first Auto ABS of 2025. The transaction, which was substantially oversubscribed, attracted 14 unique investors, mostly repeat participants. This follows Pagaya's successful 2024, where they raised over $6 billion across all ABS transactions.

The company has raised more than $3 billion of expected capital year-to-date, including a recent forward flow funding announcement with Blue Owl. Since 2018, Pagaya has accumulated nearly $27 billion across 66 ABS transactions to fund loan originations in multiple products, including personal and auto loans. This latest execution aligns with Pagaya's strategy to reduce net capital use and balance sheet exposure in its Auto loan program.