Pagaya Technologies Ltd

Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry. Its product deploys data science, machine learning and AI technology to evaluate the customers? applications in real time. The company was founded by Gal Krubiner, Yahav Yulzari and Avital Pardo on March 20, 2016 and is headquartered in Tel Aviv, Israel.

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Earnings data Q4 2024

Pagaya Technologies reports strong Q4 growth and eyes sustainable profitability

Pagaya Technologies showcased robust financial growth and strategic achievements in Q4 2022, positioning for sustainable profitability in 2023.
The company's focus on AI technology, network expansion, and partnerships strengthens its market presence and revenue streams.
Challenges in managing costs and market liquidity are being addressed, with opportunities for growth through product and partner mix optimization.
Pagaya's strong performance, strategic acquisitions, and outlook for profitability indicate a promising trajectory for the company.

Pagaya Technologies surpasses Q1 expectations, eyes sustainable growth

Pagaya Technologies demonstrated strong performance in Q1 2023, exceeding guidance and focusing on sustainable profitable growth.
The company's strengths lie in strategic partnerships, AI integration, and a commitment to underwriting standards and cost management.
Challenges include addressing analyst inquiries, managing rapid growth, and balancing profitability with expansion.
Opportunities for Pagaya include market expansion through partnerships, leveraging technology for growth, and enhancing competitive positioning.

Pagaya exceeds Q2 guidance, poised for growth amidst uncertainties

Pagaya's Q2 performance was strong, with record network volume and notable revenue growth. The company's unique business model and focus on cost discipline position them well for future opportunities, despite ongoing macro uncertainties.

Pagaya Technologies exceeds Q3 guidance, eyes growth amid challenges

Pagaya Technologies delivered robust Q3 results, with strong partnerships and a focus on profitable growth driving record network volume and revenue.
While facing challenges in credit performance and cost management, Pagaya's strategic initiatives and technology enhancements position it well for future growth.
Opportunities lie in expanding funding arrangements, leveraging conversion rates, and capitalizing on the favorable competitive landscape to drive continued success.

Pagaya Technologies achieves record results and targets growth in 2024

Pagaya Technologies delivered strong financial performance in Q4 2023 and for the full year, focusing on sustainable profitability and disciplined execution.
The company is strategically positioned to accelerate growth in 2024 by expanding products, deepening partnerships, and targeting positive cash flow by early 2025.
Despite challenges in OpEx optimization and conversion rate factors, Pagaya's strong funding position and growth plans present significant opportunities for the future.
Executives emphasized a product and partner-centric growth strategy, strong financial performance, and enhanced funding capabilities to drive Pagaya's success.

Pagaya Technologies reports robust Q1 results and eyes growth

Pagaya Technologies delivered strong financial performance in Q1 2024, focusing on profitability and long-term growth.
The company's strategic initiatives include optimizing operations, improving unit economics, and diversifying funding sources.
Opportunities lie in expanding partnerships, exploring new funding strategies, and maintaining pricing power in the market.

Pagaya Technologies excels in Q2, poised for growth ahead

Pagaya Technologies delivered a strong performance in Q2 2024, exceeding revenue and EBITDA targets.
The company's focus on strategic priorities, cost discipline, and operational efficiency has strengthened its financial position.
While facing challenges in sustaining growth and profitability, Pagaya is well-positioned to capitalize on opportunities for expansion and improvement.
Overall, Pagaya's outlook for 2024 is optimistic, with a path towards positive net cash flow and GAAP net income in 2025.

Pagaya Technologies excels in Q3, eyes sustainable profitability in 2025

Pagaya Technologies demonstrated robust financial performance in Q3 2024, emphasizing growth in revenues, fee generation, and adjusted EBITDA. While facing challenges from credit-related adjustments, the company is strategically positioned to capitalize on opportunities in expanding its loan facilitation network and enhancing financial performance across asset classes.

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Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry. Its product deploys data science, machine learning and AI technology to evaluate the customers applications in real time. The company was founded by Gal Krubiner, Yahav Yulzari, and Avital Pardo on March 20, 2016 and is headquartered in New York, NY.

NEW YORK--(BUSINESS WIRE)--Ernst & Young LLP (EY US) announced that Pagaya CEO Gal Krubiner has been named an Entrepreneur Of The Year® 2024 New York Award winner. Entrepreneur Of The Year is the preeminent competitive awards program for entrepreneurs and leaders of high-growth companies. Gal Krubiner was recognized for his founding of Pagaya, a global technology company delivering AI-driven product solutions for the financial ecosystem that has delivered more than $20 billion in loans to a.

Pagaya's CEO named an Entrepreneur Of The Year® 2024 Award Winner

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to three classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2024-2 and Research-Driven Pagaya Motor Trust 2024-2 (collectively “RPM 2024-2”), an auto loan ABS transaction. RPM 2024-2 has initial credit enhancement levels of 26.40% for the Class A notes to 2.45% for the Class C notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class C notes), a cash res.

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2024-2 and Research-Driven Pagaya Motor Trust 2024-2

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NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced it is joining the Mastercard Engage program. The Mastercard Engage program connects qualified fintech enablers to banks, merchants, fintechs and more to help them accelerate product innovation through access to the company's global network, expertise, technology, and resources. As a member o.

Pagaya to Offer More Installment Financing Solutions for Banks and Merchants Through Mastercard Engage Program

Pagaya (NASDAQ: PGY ) layoffs are a hot topic on Thursday after the technology company revealed plans to cut costs this year. Reports claim that the Pagaya layoffs will affect roughly 100 of the company's employees.

Pagaya Layoffs 2024: What to Know About the Latest PGY Job Cuts

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering AI-driven product solutions for the financial ecosystem, today announced that the Company is executing initiatives to drive enhanced profitability and achieve its goal of reaching positive net cash flow, by further streamlining its operations and accelerating its key growth priorities. The Company anticipates these initiatives, which include a workforce reduction.

Pagaya Raises 2024 Adjusted EBITDA Guidance as it Drives Further Operational Efficiency

Pagaya reported another round of excellent earnings despite the high interest rate environment. It has taken some unusual actions lately that add some risk to the investing thesis.

Why Pagaya Stock Jumped 21% in May

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to seven classes of notes issued by Pagaya AI Debt Grantor Trust 2024-6 and Pagaya AI Debt Trust 2024-6 (collectively “PAID 2024-6”), a consumer loan ABS transaction. PAID 2024-6 has initial credit enhancement levels of 66.63% for the Class A Notes to 6.96% for the Class E Notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account funded at closing, and excess spread. P.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2024-6 and Pagaya AI Debt Trust 2024-6

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today that as part of the annual reconstitution of the Russell stock indexes, Pagaya is set to join the Russell 2000® Index and the broad-market Russell 3000® Index, effective at the open of US equity markets on Monday, July 1st. A preliminary list of Russell 3000® Index additions, including Pagaya, was posted by.

Pagaya Technologies is Set to Join the Russell 2000® Index

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If you're bullish about the growth potential with the digitalization of finance, there are plenty of promising fintech stocks to buy. Even as macroeconomic uncertainty persists, a forward-looking market is looking beyond today's troubles, and focusing on what lies ahead for the sector.

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Pagaya Technologies Ltd. recently reported another strong quarter with 31% revenue growth. The AI lending tech platform faces constant funding requirements from bank partners, and recent internal capital raises hurt the stock. The stock trades at less than 5x adjusted EBITDA targets despite strong growth, with related fintechs out of favor due to the interest rate environment.

Pagaya: Patience Should Pay Off

Institutional owners/shares have increased dramatically in the most recent quarter. Pagaya is addressing the market's concerns over its funding of risk-retention, and the overall percentage of its risk-retention assets. Pagaya's share price is clearly moving in conjunction with a traditional, short-term moving average, and may be on the cusp of a breakout.

New Institutional And Technical Trends Bode Well For Pagaya

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Pagaya is expanding its presence in the fast growing POS financing vertical which could generate $6 billion in revenue by 2027. Interest rate cuts could lead to more network volume if Pagaya increases its conversion rate due to banks loosening their lending standards. Pagaya is looking to reduce its risk exposure by introducing new funding models and changing its retention method.

Pagaya: An Undervalued Fintech Powerhouse

The cutting-edge, finance-industry, tech-solutions provider posted impressive quarterly-growth numbers. It also blew past analyst estimates in the period.

Why Pagaya Technologies Stock Soared 20% Higher Today

Pagaya Technologies Ltd. (NASDAQ:PGY ) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants Jency John – Head-Investor Relations Gal Krubiner – Chief Executive Officer Sanjiv Das – President Evangelos Perros – Chief Financial Officer Conference Call Participants John Hecht – Jefferies Joseph Vafi – Canaccord Genuity Michael Legg – Benchmark David Scharf – Citizens JMP Hal Goetsch – B.

Pagaya Technologies Ltd. (PGY) Q1 2024 Earnings Call Transcript

Pagaya Technologies Ltd. (PGY) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.16 per share.

Pagaya Technologies Ltd. (PGY) Q1 Earnings and Revenues Surpass Estimates

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the quarter ending March 31, 2024. For additional information, view Pagaya's first quarter 2024 letter to shareholders here. “Disciplined execution drove another record quarter across our key metrics. We began onboarding a bank partne.

Pagaya Reports First Quarter 2024 Results

Pagaya (PGY) is likely to have witnessed top and bottom-line growth in first-quarter 2024.

Pagaya (PGY) to Report Q1 Earnings: What's in the Offing?

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to seven classes of notes issued by Pagaya AI Debt Grantor Trust 2024-5 and Pagaya AI Debt Trust 2024-5 (collectively “PAID 2024-5”), a consumer loan ABS transaction. PAID 2024-5 has initial credit enhancement levels of 63.43% for the Class A Notes to 6.69% for the Class E Notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account funded at closing, and excess spread. P.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Grantor Trust 2024-5 and Pagaya AI Debt Trust 2024-5

Pagaya Technologies Ltd. (PGY) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report.

Pagaya Technologies Ltd. (PGY) Earnings Expected to Grow: Should You Buy?

Pagaya Technologies Ltd. (PGY) reachead $9.77 at the closing of the latest trading day, reflecting a +0.41% change compared to its last close.

Why the Market Dipped But Pagaya Technologies Ltd. (PGY) Gained Today

Pagaya Technologies Ltd. (PGY) has received quite a bit of attention from Zacks.com users lately.

Pagaya Technologies Ltd. (PGY) Is a Trending Stock: Facts to Know Before Betting on It

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced that it filed its first annual report on Form 10-K for the year ended December 31, 2023. This filing is part of the Company's previously announced set of initiatives to provide increased transparency of its business and performance to the U.S. investment community and attrac.

Pagaya Files First Annual Report on Form 10-K

Pagaya Technologies Ltd. (PGY) closed at $9.41 in the latest trading session, marking a +1.84% move from the prior day.

News for Pagaya Technologies Ltd Stock (PGY)