Pagaya Q2 2026 personal loan coupon averages 20.13%
Pagaya Technologies Ltd. (PGY) presented historical characteristics of borrowers and loans facilitated through its network, with personal and auto portfolio tables organized by quarterly vintage from Q1 2021 through Q2 2026.
Sentiment and the balance of points
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Form Type
8-K
Rhea-AI Filing Summary
Pagaya Technologies Ltd. (PGY) presented historical characteristics of borrowers and loans facilitated through its network, with personal and auto portfolio tables organized by quarterly vintage from Q1 2021 through Q2 2026. The presentation states that its data are as of July 2026.
For personal loans, the Q2 2026 table reports a 20.13% weighted average coupon, $11,459 weighted average loan size, a weighted average credit score of 662 and weighted average annual income of $124,538. The overview rounds these measures to approximately 20%, approximately $11,000, 662 and approximately $125,000, respectively.
For auto loans, the Q2 2026 table reports a 17.73% weighted average coupon, a weighted average credit score of 594, weighted average loan-to-value of 124% and weighted average annual income of $88,012; the overview lists an average loan size of $37,000. The historical auto table also tracks original term, debt-to-income and payment-to-income ratios, vehicle mileage and vehicle age.
8-K Event Classification
2 items: 7.01, 9.01
2 items
Item 7.01
Regulation FD Disclosure
Disclosure
Material non-public information disclosed under Regulation Fair Disclosure, often investor presentations or guidance.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, or exhibit attachments filed with this report.
Key Figures
Weighted average coupon: 20.13%
Weighted average loan size: $11,459
Weighted average credit score: 662
+5 more
8 metrics
Weighted average coupon
20.13%
Personal loans, Q2 2026 vintage; data as of July 2026
Weighted average loan size
$11,459
Personal loans, Q2 2026 vintage; data as of July 2026
Weighted average credit score
662
Personal loans, Q2 2026 vintage; data as of July 2026
Weighted average annual income
$124,538
Personal loans, Q2 2026 vintage; data as of July 2026
Weighted average coupon
17.73%
Auto loans, Q2 2026 vintage; data as of July 2026
Average loan size
$37,000
Auto portfolio overview
Weighted average credit score
594
Auto loans, Q2 2026 vintage; data as of July 2026
Weighted average loan-to-value
124%
Auto loans, Q2 2026 vintage; data as of July 2026
Key Terms
Weighted Average Coupon, Weighted Average Debt-to-Income, Weighted Average Loan-to-Value
3 terms
Weighted Average Coupon financial
"Weighted Average Coupon (WAC)"
The weighted average coupon is the average interest rate of a group of loans or mortgage-backed securities, calculated by giving more weight to loans with larger remaining balances so the bigger pieces affect the average more. Think of it like a classroom average where students with more credits count more toward the grade. Investors use it to estimate expected cash interest, compare yields, and assess sensitivity to interest-rate changes and prepayments, which affect valuation and income stability.
Weighted Average Debt-to-Income financial
"Weighted Average Debt-to-Income"
Weighted Average Loan-to-Value financial
"Weighted Average Loan-to-Value"
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What are PGY's personal loan characteristics for Q2 2026?
The Q2 2026 personal-loan table reports a 20.13% weighted average coupon, $11,459 weighted average loan size, a weighted average credit score of 662 and weighted average annual income of $124,538. The presentation states that its data are as of July 2026.
What are PGY's auto loan characteristics for Q2 2026?
The Q2 2026 auto table reports a 17.73% weighted average coupon, a weighted average credit score of 594, weighted average loan-to-value of 124% and weighted average annual income of $88,012. The portfolio overview lists an average loan size of $37,000.
AI-generated analysis. How Rhea-AI works. Not financial advice.
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of report (Date of earliest event reported): October 5, 2026
Commission File Number: 001-41430
(Exact name of registrant as specified in its charter)
| (State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification No.) | ||||||||||||||||||||||||||||||||||
| (Address of principal executive offices) | (Zip Code) | ||||||||||||||||||||||||||||||||||
(646 ) 710-7714
(Registrant's telephone number, including area code)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
Securities registered pursuant to Section 12(b) of the Act:
| Title of each class | Trading Symbol(s) | Name of each exchange on which registered | ||||||||||||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2).
Emerging growth company ☐
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01. Regulation FD Disclosure.
On October 5, 2026, Pagaya Technologies Ltd. (the “Company”) provided information related to historical characteristics of borrowers facilitated by the Company’s network. A copy of the presentation including this information is attached hereto as Exhibit 99.1.
The information contained in Exhibit 99.1 shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits
| Exhibit No. | Description | |||||||
99.1 | Presentation dated October 5, 2026 | |||||||
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| PAGAYA TECHNOLOGIES LTD. | ||||||||
| Date: October 5, 2026 | By: | /s/ Jonathan Dobres | ||||||
| Name: | Jonathan Dobres | |||||||
| Title: | Chief Financial Officer | |||||||
176-66-152 143-162-253 24-61-133 88-219-212 30-140-250 0-9-52 29-70-243 230-107-144 247-247-247 20-122-117 190-190-190 1
176-66-152 143-162-253 24-61-133 88-219-212 30-140-250 0-9-52 29-70-243 230-107-144 247-247-247 20-122-117 190-190-190 Vintage WAC WA Loan Size WA Credit Score WA Ann. Income WA DTI WA PTI 2021-Q1 21.53% 8,076 673 $86,920 24.25% 6.70% 2021-Q2 22.28% 6,641 658 $77,595 23.10% 6.39% 2021-Q3 22.17% 6,261 653 $76,516 22.61% 6.27% 2021-Q4 21.23% 6,153 657 $84,604 22.60% 5.69% 2022-Q1 18.56% 7,655 665 $95,989 22.33% 5.78% 2022-Q2 18.71% 8,679 666 $101,917 22.39% 5.93% 2022-Q3 20.44% 8,932 665 $103,905 23.75% 5.72% 2022-Q4 20.84% 9,676 666 $108,529 24.28% 6.05% 2023-Q1 20.71% 9,886 664 $108,646 24.01% 6.28% 2023-Q2 20.42% 9,617 664 $108,583 25.07% 6.14% 2023-Q3 20.49% 9,227 667 $111,146 26.48% 6.11% 2023-Q4 20.02% 10,184 674 $117,409 26.75% 6.48% 2024-Q1 20.39% 10,386 672 $113,381 28.55% 6.74% 2024-Q2 21.05% 9,879 671 $112,905 27.50% 6.74% 2024-Q3 20.94% 9,309 668 $113,799 26.75% 6.49% 2024-Q4 21.01% 9,112 664 $113,145 26.68% 6.37% 2025-Q1 20.78% 10,328 663 $110,902 28.00% 6.91% 2025-Q2 20.64% 10,351 661 $112,229 28.17% 6.88% 2025-Q3 20.83% 10,150 659 $111,561 27.60% 6.70% 2025-Q4 20.50% 10,752 661 $114,905 27.57% 6.77% 2026-Q1 19.53% 11,241 667 $120,020 28.00% 6.75% 2026-Q2 20.13% 11,459 662 $124,538 28.02% 6.64% Personal Loan Portfolio Overview ~$11K Average Loan Size 662 Weighted Average Credit Score ~20% Weighted Average Coupon ~$125K Average Borrower Annual Income Source: Pagaya Technologies, Data as of July 2026. 2 Definitions: WAC – Weighted Average Coupon | WA Loan Size – Weighted Average Loan Size | WA Credit Score – Weighted Average Credit Score | WA Ann. Income – Weighted Average Annual Income | WA DTI – Weighted Average Debt-to-Income | WA PTI – Weighted Average Payment-to-Income Summary as of Q2’26
176-66-152 143-162-253 24-61-133 88-219-212 30-140-250 0-9-52 29-70-243 230-107-144 247-247-247 20-122-117 190-190-190 Vintage WAC WA OT WA Credit Score WA LTV WA DTI WA PTI WA Miles WA Ann. Inc. WA Car Age 2021-Q1 20.68% 71.3 572 130% 26.66% 13.09% 51,340 $55,727 4.11 2021-Q2 20.37% 71.4 586 125% 26.32% 12.84% 56,066 $61,318 4.49 2021-Q3 20.81% 71.5 590 129% 25.51% 12.91% 63,720 $63,202 5.07 2021-Q4 21.18% 71.4 590 131% 25.04% 13.42% 68,893 $61,708 5.37 2022-Q1 19.83% 71.1 588 128% 24.71% 14.07% 69,454 $58,081 5.41 2022-Q2 19.16% 71.0 591 128% 23.63% 13.77% 69,658 $63,477 5.43 2022-Q3 20.64% 71.5 586 128% 23.74% 15.04% 69,226 $62,708 5.50 2022-Q4 21.19% 71.5 591 127% 23.34% 15.53% 65,184 $62,302 5.32 2023-Q1 21.90% 71.7 589 128% 24.71% 15.50% 56,694 $61,584 4.73 2023-Q2 20.50% 71.4 597 127% 24.05% 14.63% 54,586 $69,883 4.82 2023-Q3 20.75% 71.2 596 127% 24.47% 14.56% 54,934 $67,215 4.84 2023-Q4 21.57% 71.1 592 126% 24.96% 15.15% 53,750 $67,632 4.67 2024-Q1 20.95% 71.0 587 125% 24.84% 12.05% 54,594 $64,814 4.63 2024-Q2 20.51% 71.2 601 124% 25.02% 12.06% 53,118 $68,343 4.61 2024-Q3 21.25% 71.3 600 125% 26.43% 12.61% 51,134 $68,356 4.50 2024-Q4 20.22% 71.2 603 125% 26.09% 12.64% 47,827 $74,787 4.19 2025-Q1 20.44% 71.0 592 122% 26.19% 12.58% 45,898 $70,588 3.88 2025-Q2 20.22% 71.4 590 122% 25.60% 12.16% 37,390 $74,861 3.26 2025-Q3 20.38% 71.3 592 122% 26.01% 12.50% 36,991 $76,625 3.26 2025-Q4 20.46% 71.6 593 121% 26.12% 12.61% 35,033 $77,867 3.10 2026-Q1 18.89% 72.6 593 122% 25.90% 12.20% 31,963 $75,726 2.75 2026-Q2 17.73% 75.2 594 124% 25.40% 11.14% 23,984 $88,012 2.18 Auto Portfolio Overview 18% Weighted Average Coupon $37K Average Loan Size 594 Weighted Average Credit Score 124% Weighted Average LTV $88K Average Borrower Income Source: Pagaya Technologies, Data as of July 2026. 3 Definitions: WAC – Weighted Average Coupon | WA OT – Weighted Average Original Term | WA Credit Score – Weighted Average Credit Score | WA LTV – Weighted Average Loan-to-Value | WA DTI – Weighted Average Debt-to-Income | WA PTI – Weighted Average Payment-to-Income | WA Miles – Weighted Average Vehicle Mileage | WA Ann. Inc. – Weighted Average Annual Income | WA Car Age – Weighted Average Vehicle Age Summary as of Q2’26