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

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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)-- #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

Adyen NV

Fiserv Inc

Shift4 Payments

Nu Holdings

OppFi

SoFi Technologies

As the macro picture appears increasingly brighter, fintech stocks are coming back in vogue among investors. In recent weeks, many financial technology stocks have soared, in anticipation of possible interest rate cuts by the Federal Reserve in 2024.

Why These 7 Fintech Stocks Should Be on Your Radar in 2024

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.

Pagaya's 2024 Outlook: Stability And Mid-20s% CAGR Expected

Brandywine Realty

Overseas Shipholding Group

Pitney Bowes

Rush Street Interactive

Yatra Online

As a new year approaches, now may be the time to pounce on the best penny stocks to buy and hold throughout 2024. It's safe to say that “penny stock territory,” is well-populated.

The 7 Best Penny Stocks to Buy in December

Israeli company Pagaya uses AI to provide loans to applicants rejected by traditional banks, increasing loan volume and profits. Pagaya securitizes loans into asset-backed securities, reducing credit risk for affiliated banks and providing investors with high-quality ABS. Recent partnerships with large banks and automobile finance companies will lead to substantial revenue growth in the coming quarters.

Pagaya Technologies: Facing A Promising 2024

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya”) (NASDAQ: PGY), a global technology company delivering AI-driven product solutions for the financial ecosystem, announced today the appointment of Nicole Torraco to its Board of Directors earlier this month. “Nicole brings 20 years of experience in M&A, investment and risk management, and corporate strategy to Pagaya's board as we execute on our next phase of growth,” said Gal Krubiner, co-Founder and CEO of Pa.

Pagaya Technologies Names Former Xerox Executive Nicole Torraco to its Board of Directors

BigBear.ai Holdings

FuelCell Energy

Fisker Inc

Nikola

Tellurian

Tilray Brands

Generally, penny stocks have a poor reputation. It's true that some penny stocks go on to make huge gains.

7 Struggling Penny Stocks to Sell in December

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 RPM 2023-4, its 46th asset-backed securitization (ABS) and its 14th in 2023. Kroll Bond Rating Agency rated the transaction. This latest transaction comes at a time of increased growth for the Pagaya network and will be the first to include loans from the recently integrated t.

Pagaya's Strong Momentum Continues with Closing of Fourth Auto Asset-Backed Securitization Deal of 2023

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies, Ltd. (NASDAQ: PGY) (“Pagaya” or “The Company”) today announced that Michael Kurlander, Chief Financial Officer, has stepped down from his role to pursue an outside opportunity. Deputy Chief Financial Officer Evangelos Perros has been named Interim Chief Financial Officer, as the Company conducts a search for a permanent successor that will include both internal and external candidates. The Company has engaged a leading executive recruitment firm t.

Pagaya Announces CFO Transition

Pagaya Technologies offers AI-based lending and has a very interesting two-sided network model with investors and lending partners, creating a win-win situation for all parties involved. The company has vast untapped growth opportunities in the US and potential expansion into other geographical markets. Pagaya's strong AI capabilities, positive financial momentum, and low valuation suggest future growth.

Pagaya Technologies: Huge Upside Potential For This AI Stock

Pagaya Technologies Ltd. (PGY) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.

Surging Earnings Estimates Signal Upside for Pagaya Technologies Ltd. (PGY) Stock

Pagaya is increasing its partner and investor base, and revenue is rising. The lending platform is in talks with 80% of top U.S. banks to become clients.

1 AI (Artificial Intelligence) Stock You Haven't Heard of That Could Skyrocket

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to four classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2023-4 and Research-Driven Pagaya Motor Trust 2023-4 (“RPM 2023-4”), an auto loan ABS transaction. RPM 2023-4 has initial credit enhancement levels of 33.25% for the Class A notes to 2.95% for the Class D notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes (except for the Class D notes), a cash reserve account,.

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2023-4 and Research-Driven Pagaya Motor Trust 2023-4

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 2023-7, its 45th asset-backed securitization (ABS) and its 13th in 2023. Kroll Bond Rating Agency rated the transaction. In the transaction, qualified institutional buyers purchased $693 million of asset-backed notes, which are expected to be backed by personal loans orig.

Pagaya Closes New $700 Million Consumer Loan Asset-Backed Securitization

Pagaya Technologies Ltd. (NASDAQ:PGY ) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Company Participants Jency John - Head of IR Gal Krubiner - CEO Michael Kurlander - CFO Conference Call Participants Michael Legg - The Benchmark Company Joseph Vafi - Canaccord Genuity David Scharf - JMP Securities David Chiaverini - Wedbush Securities Hal Goetsch - B.

Pagaya Technologies Ltd. (PGY) Q3 2023 Earnings Conference Call Transcript

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Q3 2023 Earnings Release.

Pagaya Reports Third Quarter and Nine Months Ended 2023 Results

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering AI-driven product infrastructure for the financial ecosystem, today announced the appointment of Abhijit Chaudhary as its new Chief Product Officer. Chaudhary brings with him more than 20 years of experience leading product strategy for high-growth fintech and consumer finance companies. Most recently, he served as Green Dot Corporation's Chief.

Abhijit Chaudhary Joins Pagaya as Chief Product Officer

Rithm Capital Corp

NEW YORK--(BUSINESS WIRE)--Rithm Capital Corp. (NYSE: RITM) (“Rithm”), an asset manager focused on the real estate and financial services industries, and Darwin Homes, Inc. (“Darwin”), a subsidiary of Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”), which offers a technology-driven real estate platform, today announced a new strategic partnership. The agreement will establish Adoor Property Management LLC (“APM”), a new property management platform for Rithm's wholly owned subsidiary Adoor LL.

Rithm Capital Partners with Darwin Homes to Form Innovative Single-Family Rental Management Technology Platform

Archer Aviation

Dynatrace Inc

Solid Power

NuScale Power Corp

Symbotic Inc

As the broad market experiences a correction, because of uncertainty over interest rates, now may not seem like a time to cycle heavily in tech stocks, particularly those of the speculative growth variety, but there are tech stocks to watch out there. With the Federal Reserve continuing to suggest that it will keep interest rates high until the recent inflation issue enters the rearview mirror, it's going to be difficult for these kinds of stocks (valued on future potential rather than current results) to perform well.

7 Emerging Tech Companies to Watch in the Next 25 Years

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns preliminary ratings to eight classes of notes issued by Pagaya AI Debt Trust 2023-7 (“PAID 2023-7”), a consumer loan ABS transaction. PAID 2023-7 has initial credit enhancement levels of 66.85% for the Class A notes to 7.90% for the Class E notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. PAID 2023-7 will issue 11 classes of notes totaling $600 million with KB.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2023-7

BioXcel Therapeutics

LianBio

Penny stocks are defined as stocks trading for under $5. They typically include start-up or emerging-growth stage companies starting from the grassroots.

3 Penny Stocks To Buy For Under $5, Are They Worth It?

Pagaya Technologies has seen constant revenue growth since 2019, reaching $779 million. The company has competitive advantages in its automated lending platform and speed of response to market phases. Goldman Sachs' rejection of a possible market acquisition suggests skepticism, but Pagaya's positive financial outlook and attractive share price make it a buy.

Pagaya: Competitive Advantages Could Lead To Further Growth

Altimmune

Hub Cyber Security Ltd

Panbela Therapeutics Inc

Whether you're looking for the best penny stocks to buy, the most active stocks today, or just trying to plan out your next long-term investment, understanding things like stock market news and events is important.

News for Pagaya Technologies Ltd Stock (PGY)