Welcome to our dedicated page for Pagaya Technologies Ltd. SEC filings (Ticker: PGY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Pagaya Technologies Ltd. (NASDAQ: PGY) files a range of documents with the U.S. Securities and Exchange Commission that shed light on its AI-driven financial technology business, funding structure, and capital markets activity. As an Israel-incorporated company with offices in New York and Tel Aviv, Pagaya uses its SEC filings to report material events, financing transactions, and periodic financial results related to its role in the consumer credit and residential real estate markets.
On this page, investors can review Pagaya’s current and historical SEC filings, including Form 8-K reports that describe significant developments such as earnings releases, refinancings of revolving credit facilities, and the issuance of senior notes. Recent 8-K filings detail a senior secured revolving credit facility, the terms of Pagaya US Holding Company LLC’s senior notes due 2030, and the use of proceeds to refinance existing borrowings and support general corporate purposes.
Pagaya’s periodic reports, including annual reports on Form 10-K and quarterly reports on Form 10-Q, provide more extensive information on its financial performance, non-GAAP metrics such as Fee Revenue Less Production Costs, Adjusted Net Income, and Adjusted EBITDA, and its activities in asset-backed securitization (ABS) programs across personal loans, auto loans, and point-of-sale assets. These filings also describe the company’s risk factors, capital structure, and the role of its AI-driven credit infrastructure within the broader financial ecosystem.
In addition, investors can use this page to access insider and capital markets-related filings, such as those related to warrants to purchase Class A ordinary shares (PGYWW) and other securities. Stock Titan’s tools surface Pagaya’s filings as they become available from EDGAR and provide AI-powered summaries to help readers quickly understand key terms, covenants, and implications of complex documents, including credit agreements, indentures, and securitization-related disclosures.
Pagaya Technologies Ltd. Chief Accounting Officer Cory Vieira reported equity transactions tied to a vesting award. On March 2, 2026, Vieira exercised 5,209 Restricted Stock Units at $0.00 per unit, receiving 5,209 Class A Ordinary Shares. That same day, Vieira sold 2,490 Class A Ordinary Shares at $10.92 per share to satisfy tax withholding obligations from the vesting, according to the footnotes. Following these transactions, Vieira directly held 15,111 Class A Ordinary Shares.
Pagaya Technologies Ltd. reports strong growth and a swing to profitability while reshaping its balance sheet. Revenue and other income reached $1.30 billion for the year ended December 31, 2025, up from $1.03 billion a year earlier, a 26% increase driven by higher fee revenue less production costs.
The company moved from a U.S. GAAP net loss of $401.4 million in 2024 to net income attributable to shareholders of $81.4 million in 2025. Adjusted EBITDA rose to $371.0 million from $210.4 million, reflecting improved unit economics and cost discipline.
Pagaya issued $500 million of 8.875% Senior Unsecured Notes due 2030 and used the proceeds to fully repay its prior term debt, then added a new three‑year $132 million revolving credit facility at a lower spread over SOFR. It also repurchased about $14.3 million of the 2030 Notes using balance sheet cash, signaling active liability management.
Pagaya Technologies reported a sharp turnaround to profitability in 2025, with total revenue and other income of $1.3 billion, up 26% year-over-year, and GAAP net income of $81 million versus a $401 million loss in 2024. Fee revenue less production costs reached $512 million, also up 26%, while adjusted EBITDA climbed 76% to $371 million, reflecting strong operating leverage.
In the fourth quarter, Pagaya generated $335 million in total revenue and other income, FRLPC of $131 million with a 4.9% margin, adjusted EBITDA of $98 million, and record GAAP net income of $34 million. Network volume for 2025 grew 9% to $10.5 billion, supported by expansion in personal loans, auto, and point-of-sale lending.
For 2026, the company guides to network volume of $11.25–$13.0 billion, total revenue and other income of $1.4–$1.575 billion, adjusted EBITDA of $410–$460 million, and GAAP net income of $100–$150 million, reflecting more measured growth as it tightens exposure to higher-risk segments.
Pagaya Technologies Ltd. reported that since December 26, 2025 it has repurchased approximately $6.9 million in aggregate principal amount of its outstanding 8.875% Senior Notes due 2030 through several open market transactions. The company funded these repurchases with cash on its balance sheet and viewed buying the notes at a significant discount to their par value as an attractive use of capital within its broader capital allocation strategy.
Pagaya stated it may from time to time make additional open market purchases or other liability management transactions, which would be limited in size and depend on market conditions, its liquidity needs and other factors.
Pagaya Technologies Ltd.'s President reported insider transactions on 12/12/2025. The officer acquired 23,750 Class A ordinary shares at $0 upon vesting of restricted stock units and sold 568 shares at $22.35 to satisfy tax withholding obligations arising from the vesting of a compensatory award. After these moves, the President directly owns 133,922 Class A ordinary shares and 118,750 restricted stock units that will vest over two years in eight equal quarterly installments starting on June 12, 2025.
Pagaya Technologies Ltd. Chief Financial Officer, a reporting person and officer of the company, reported equity compensation activity on 12/12/2025. A restricted stock unit award was settled, delivering 20,625 Class A ordinary shares at an exercise price of $0, which became directly owned.
On the same date, the officer sold 11,592 Class A ordinary shares at $22.35 per share to satisfy tax withholding obligations arising exclusively from the vesting of the compensatory award. After these transactions, the officer directly beneficially owned 87,196 Class A ordinary shares. The RSU grant is scheduled to vest over two years in eight equal quarterly installments starting on June 12, 2025.
Pagaya Technologies Ltd. reported an insider stock transaction by its Chief Development Officer and director. On 12/12/2025, 15,625 Class A ordinary shares were acquired at $0 upon the settlement of restricted stock units, and 8,064 shares were sold at $22.35 to satisfy tax withholding obligations arising exclusively from the vesting of this compensatory award. After these transactions, the insider directly owned 45,105 Class A ordinary shares and held 78,125 restricted stock units that vest over two years in eight equal quarterly installments beginning 06/12/2025.
Pagaya Technologies Ltd. reported an insider equity award for a non-employee director. On 12/10/2025, the director acquired 11,446 Class A Ordinary Shares in the form of restricted stock units at a price of $0 as an annual equity grant approved by shareholders. Each RSU represents a right to receive one Class A share and will vest over one year, with 25% scheduled on January 1, April 1, July 1 and October 1, 2026. Following this grant, the director beneficially owns 30,196 Class A Ordinary Shares directly.
Pagaya Technologies Ltd. reported that one of its directors received an annual equity award in the form of 11,446 restricted stock units (RSUs) for Class A Ordinary Shares on 12/10/2025. Each RSU represents a contingent right to receive one Class A Ordinary Share.
The RSUs vest over one year, with 25% of the grant vesting on each of January 1, 2026, April 1, 2026, July 1, 2026 and October 1, 2026. Following this grant, the director beneficially owns 160,461 Class A Ordinary Shares, held directly. The award is described as the annual equity grant for non-employee directors that was approved by shareholders.
Pagaya Technologies Ltd. reported an equity award to one of its directors. On 12/10/2025, the director was granted 11,446 restricted stock units (RSUs), with each RSU representing a contingent right to receive one Class A Ordinary Share.
The RSU grant vests over one year, with 25% scheduled to vest on each of January 1, 2026, April 1, 2026, July 1, 2026 and October 1, 2026. Following this transaction, 30,196 Class A Ordinary Shares were reported as beneficially owned indirectly through Fifth Era LLC. The award is described as the annual equity grant for non-employee directors, previously approved by shareholders and outlined under "Non-Employee Director Compensation" in the company’s April 30, 2025 proxy statement.