Pagaya Technologies Ltd. SEC filings document the company’s operating results, Regulation FD communications, capital structure and material corporate events. Its 8-K filings include quarterly and annual earnings releases, shareholder letters, executive officer transition disclosures, and securities information for its Class A ordinary shares and warrants to purchase Class A ordinary shares.
The filing record also covers financing and liability-management matters, including senior notes, note repurchases, revolving credit facility agreements and related subsidiary guarantees. These disclosures describe Pagaya’s debt instruments, material agreements, governance changes, risk-related statements and funding arrangements for an AI-driven financial technology business.
Perros Evangelos reported acquisition or exercise transactions in this Form 4 filing.
Pagaya Technologies Ltd. granted its Chief Financial Officer, Evangelos Perros, 175,000 Restricted Stock Units on April 1, 2026. Each RSU represents one Class A Ordinary Share.
The award will vest in eight equal quarterly installments, beginning on June 25, 2026. Following this grant, Perros holds 175,000 RSUs directly. The company notes the transaction was reported late due to an inadvertent administrative delay, rather than any error by the reporting person.
Pardo Avital reported acquisition or exercise transactions in this Form 4 filing.
Pagaya Technologies Ltd. reported that Deputy Chief Executive Officer Avital Pardo received a grant of 185,000 Restricted Stock Units on April 1, 2026. Each RSU represents a right to receive one Class A ordinary share.
According to the disclosure, the grant will vest in eight equal quarterly installments beginning on June 25, 2026, meaning the award is spread over two years and is tied to ongoing service. The company noted that the Form 4 was filed late due to an inadvertent administrative delay rather than any error by the reporting person.
Pagaya Technologies Ltd. Chief Financial Officer Evangelos Perros had 22,766 restricted stock units convert into the same number of Class A ordinary shares at a price of $0.00 per share. On the same date, he sold 13,004 Class A shares at $11.34 per share to satisfy tax withholding obligations arising from the vesting of this compensatory award. Following these transactions, he directly holds 122,174 Class A ordinary shares.
Pagaya Technologies Ltd. president Sanjiv Das exercised restricted stock units and sold shares related to that vesting. On March 12, 2026, he converted 23,750 restricted stock units into the same number of Class A ordinary shares at an exercise price of $0.00 per share.
On the same date, he sold 9,702 Class A ordinary shares at $10.99 per share, with a footnote stating the sale was necessary to satisfy tax withholding obligations from the vesting of a compensatory award. After these transactions, he directly owned 144,033.538 Class A ordinary shares.
Pagaya Technologies' Chief Financial Officer, Evangelos Perros, exercised restricted stock units and sold shares mainly to cover taxes. On March 12, 2026, RSUs representing 20,625 Class A ordinary shares were converted into shares at a price of $0.00 per share. On the same date, 8,425 Class A ordinary shares were sold at $10.99 per share, with a footnote explaining the sale was necessary to satisfy tax withholding obligations from the vesting of a compensatory award. Following these transactions, Perros directly owns 112,412 Class A ordinary shares.
Pagaya Technologies Chief Development Officer Tami Rosen exercised restricted stock units that converted into 15,625 Class A ordinary shares on March 12, 2026. She then sold 5,905 shares at $10.99 per share, with the sale described as necessary to satisfy tax withholding obligations from the vesting of a compensatory award. Following these transactions, she directly owned 47,264 Class A ordinary shares, with no remaining derivative positions reported in this filing.
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.