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.

Earnings data Q2 2022

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Earnings data Q2 2024

Earnings data Q3 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.

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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.

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Pagaya is adding large banks and other lenders to its platform, leading to increased network volume and revenue. This was the second consecutive quarter of positive operating cash flow and operating income.

Wall Street Sees 100% Upside for This Artificial Intelligence (AI) Stock No One Is Talking About

Pagaya reports Q4 2023 and full-year 2023 results, with revenue of $218 million (+13% YoY) and adjusted EBITDA of $34 million.

Pagaya's Good Q4 Results And Strong 2024 Guidance Herald A Bullish Share Price Breakout

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NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to four classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2024-1 and Research-Driven Pagaya Motor Trust 2024-1 (collectively “RPM 2024-1”), an auto loan ABS transaction. RPM 2024-1 has initial credit enhancement levels of 39.55% for the Class A notes to 5.00% for the Class D notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class D notes), a cash rese.

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2024-1 and Research-Driven Pagaya Motor Trust 2024-1

Pagaya Technologies Ltd. (PGY) Q4 2023 Earnings Call Transcript

Pagaya Technologies Ltd. (PGY) came out with quarterly earnings of $0.02 per share, missing the Zacks Consensus Estimate of $0.03 per share.

Pagaya Technologies Ltd. (PGY) Q4 Earnings and Revenues Lag Estimates

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--4Q23 Earnings Release.

Pagaya Reports Fourth Quarter and Full Year 2023 Results

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 the closing of PAID 2024-2, its 49th asset-backed securitization (ABS) and its second in 2024. Kroll Bond Rating Agency rated the transaction. Qualified institutional buyers purchased $396 million of notes backed by personal loans that will be originated by lending partners on Pagaya's AI-po.

Pagaya Closes Another $400 Million Consumer Loan Asset-Backed Securitization

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 Evangelos Perros has been named as the Company's Chief Financial Officer (“CFO”), effective immediately. Perros, who has served as the Company's Interim CFO since November 2023, was previously the company's Deputy CFO and Head of Strategic Finance since joining Pagaya i.

Pagaya Names Evangelos Perros as Chief Financial Officer

U.S. Bank said Thursday (Feb. 15) that more than 2,000 of its clients have been approved for personal loans over the past few months thanks to the technology and credit intelligence network enabled by the bank's partnership with Pagaya Technologies.

US Bank Taps Pagaya's Credit Intelligence Network for Personal Loans

Pagaya is a hidden gem with tremendous upside potential. I believe its risks of cyclicality, credit, and financial sector risks are already reflected in its low price of $1.10. It has an excellent de-risking AI business model at scale for lenders and investors.

Market Is Giving Up Too Easily On Pagaya Technologies, It Has Potential

NEW YORK--(BUSINESS WIRE)-- #creditratingagency--KBRA assigns preliminary ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-2 (“PAID 2024-2”), a consumer loan ABS transaction. PAID 2024-2 has initial credit enhancement levels of 61.35% for the Class A notes to 6.65% for the Class E notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. PAID 2024-2 will issue 11 classes of notes totaling $396.0 million with.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2024-2

Pagaya Technologies has secured a credit facility worth $280 million from top global asset managers and financial institutions.

Pagaya Secures $280 Million Credit Facility for AI-Driven Consumer Finance Products

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, announced today the closing of a credit facility with participation from Funds and Accounts managed by BlackRock U.S. Private Capital (“BlackRock”), UBS O'Connor, JPMorgan Chase, Valley Bank, and Israel Discount Bank. The facility, which consists of a $255 million term loan and a $25 million revolver, provi.

Pagaya Closes Five-Year $280M Credit Facility with BlackRock, UBS, JPMorgan Chase and Other Lenders

Pagaya is forging new partnerships with large, high-quality clients that are leading to strong performance. It continues to report growth and improved profitability despite high interest rates.

1 Stock Down 57% From Its 52-Week High That This Wall Street Analyst Expects to Gain 426% in 2024

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 the closing of PAID 2024-1, its 48th asset-backed securitization (ABS), which was rated by Kroll Bond Rating Agency. Qualified institutional buyers purchased $396 million of notes backed by personal loans that will be originated by lending partners on Pagaya's AI-powered network. Pagaya's ef.

Pagaya Closes New $400 Million Consumer Loan Deal, Reflecting Continued Strong Investor Demand

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies (NASDAQ: PGY) intends to announce its fourth quarter 2023 earnings on February 21, 2024. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IDT. Details to register for the live webcast presentation and dial-in information will be available on Pagaya's IR website located at investor.pagaya.com. The webcast replay will be available on the IR website following the conclusion of the.

Pagaya Announces Timing of Fourth Quarter 2023 Earnings Release

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced today that the Company's management team will participate in the 26th Annual Needham Growth Conference on Wednesday, January 17, 2024, in New York, NY. The presentation is scheduled to begin at 4:30 PM ET. A live webcast and replay from the conference will be available on the Event.

Pagaya to Participate in 26th Annual Needham Growth Conference

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 several initiatives to enhance the marketability of its stock and provide increased disclosure and transparency of its business and performance, including its intent to elect to voluntarily file on U.S. domestic issuer forms with the Securities and Exchange Commission (“SEC”.

Pagaya Announces Strategic Actions to Enhance Marketability of its Stock, Strong Financial Outperformance in 4Q23 and FY23

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns ratings to eight classes of notes issued by Pagaya AI Debt Trust 2024-1 (“PAID 2024-1”), a consumer loan ABS transaction. PAID 2024-1 has initial credit enhancement levels of 61.30% for the Class A notes to 7.45% for the Class E notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. PAID 2024-1 will issue 11 classes of notes totaling $396 million with KBRA rating th.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2024-1

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Pagaya Technologies announced it has partnered with auto finance company Exeter Finance to help dealers in its network sell more vehicles without taking on incremental risk. The New York-based technology company said Exeter, with a national network of more than 13,000 dealers, will integrate its AI-driven auto product, giving it access to fully automated credit decision-making technology and real-time funding of loans originated.

Pagaya Technologies ties up with Exeter Finance to scale AI-driven auto lending product

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, has announced a partnership with Exeter Finance, a premier auto finance company delivering financing solutions for over a million customers, across more than 13,000 dealerships. By integrating Pagaya's AI-driven auto product, which includes access to fully automated credit decisioning technology and real-ti.

Pagaya Announces Partnership with Exeter Finance, Further Scaling its Auto Lending Product

Pagaya Technologies is a company focused on investment technology. The company's near-term prospects are promising. Pagaya Technologies is experiencing significant revenue growth rates.

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