Pagaya Technologies Ltd. Stock Price, News & Analysis

Pagaya Technologies (NASDAQ: PGY), an AI infrastructure provider for the financial ecosystem, has announced preliminary Q2 2025 results that significantly exceed previous guidance. The company expects Network Volume of approximately $2.6 billion, Total Revenue of $326 million, GAAP Net Income of $17 million, and Adjusted EBITDA of $86 million.

The company is evaluating opportunities to optimize its balance sheet and reduce existing debt costs to support growth and profitability. Notably, Pagaya has confirmed it does not plan to issue any equity or equity-linked instruments in the foreseeable future. The final Q2 2025 results will be reported on August 7, 2025.

Pagaya Technologies (NASDAQ: PGY) has announced a new forward flow agreement with Castlelake for the purchase of up to $2.5 billion in personal loan assets over a 16-month period. This new agreement doubles the size of their previous $1 billion partnership from 2024.

The deal strengthens Pagaya's funding infrastructure, with approximately $5 billion of expected capacity across its forward flow partnerships. The company's AI-driven platform provides credit services across three verticals: personal loans, auto loans, and point of sale (POS), enabling efficient, scaled investment opportunities for Castlelake investors.

Pagaya Technologies (NASDAQ: PGY) has scheduled its second quarter 2025 earnings announcement for August 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.

Investors can access the live webcast presentation through Pagaya's investor relations website at investor.pagaya.com. A replay of the webcast will be made available on the IR website after the event concludes.

Pagaya Technologies (PGY) has closed a $600 million AAA-rated asset-backed securitization (PAID 2025-4) for personal loans, marking a record-breaking Q2 2025 with over $2.3 billion raised across 6 ABS deals. The latest deal was oversubscribed with 23 investors participating. This follows recent successful securitizations including a $300 million AAA-rated RPM deal and their first AAA-rated POSH securitization, creating over $1 billion in funding capacity for point-of-sale loans. The company has secured over $6 billion in ABS and non-ABS capital commitments this year across all asset classes. Since 2018, Pagaya has raised nearly $30 billion through 73 ABS transactions across personal loans, auto loans, and point-of-sale financing. The consistent deal execution demonstrates strong institutional confidence in Pagaya's AI-driven technology platform and underwriting capabilities.

Pagaya Technologies (NASDAQ: PGY) has achieved a significant milestone with the closing of a $300 million AAA-rated auto loan ABS transaction (RPM 2025-3), marking their first AAA-rated Auto deal. The transaction received a K1+ rating from KBRA, demonstrating the platform's high credit quality and structural strength. This represents Pagaya's third ~$300 million Auto ABS deal in 2025. The company has raised over $5.5 billion in capital commitments this year across all asset classes and has accumulated more than $29 billion across 72 ABS transactions since 2018. The RPM Auto program works with leading auto lenders serving over 30,000 dealerships nationwide. This achievement highlights Pagaya's growth in the auto financing sector and its ability to deliver consistent performance through its AI-driven financial solutions.

Pagaya Technologies Ltd. (PGY), an AI-driven financial technology solutions provider, has announced its management team's participation in three upcoming investor conferences in June 2025. The company will attend the Benchmark Virtual FinTech Conference on June 5 (virtual), the Morgan Stanley US Financials, Payments, CRE Conference on June 10 in New York, and the Mizuho Tech Conference on June 11 in New York.

Pagaya Technologies (NASDAQ: PGY) has launched POSH (Pagaya Point of Sale Holdings Trust), a new asset-backed revolving securitization program for point-of-sale financing. The inaugural transaction, POSH 2025-1, is a $300 million AAA-rated deal with an 18-month revolving period, expected to close next week.

The program combines increased funding capacity with Pagaya's AI-driven underwriting technology, optimized for loans with shorter durations (typically six months) and credit profiles in the 600+ range. The revolving structure allows capital reinvestment as loans are repaid, expanding lending capacity beyond $1 billion.

Year-to-date, Pagaya has executed over $2.8 billion in rated ABS deals and has raised nearly $29 billion across 71 ABS transactions since inception. The POSH 2025-1 transaction attracted over 20 unique investors, including both new and repeat participants.

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.