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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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.

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced it has onboarded two new partners to its premier tech-enabled, two-sided lending network: a top five bank in the US and a top four auto captive lender. With the addition of these two new strategic partners, the Company expects to be able to substantially grow its network volume. Pagaya'.

Pagaya Announces Addition of Two New Partners, Scaling Its Lending Network with a Top Five Bank in the U.S. and Top Four Auto Captive

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LAS VEGAS--(BUSINESS WIRE)--Pagaya Co-founder and CEO Gal Krubiner, National Bankers Association President and CEO Nicole Elam, Oportun CEO Raul Vazquez and TransUnion SVP and head of consumer lending Liz Pagel will speak on stage at the Money20/20 conference in Las Vegas on Tuesday, October 24 at 11:15 a.m. local time. A staggering 42% of US consumers who apply for a financial product are denied or not extended as much credit as they would like. The panel will tackle how data and technology ar.

Pagaya, National Bankers Association, Oportun and TransUnion at Money20/20: Data for Good: Bettering the Economy Through Financial Inclusion

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies (NASDAQ: PGY) intends to announce its third quarter 2023 earnings on November 2, 2023. 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 ev.

Pagaya Announces Timing of Third Quarter 2023 Earnings Release

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NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced the appointment of Sanjiv Das as its new President. In this role, Das will oversee the strategy and growth of the Company's commercial business – including its single-family rental business and Darwin subsidiary – as it continues to enhance its tech-enabled prod.

Experienced Financial Services Executive and Former CEO of Caliber Home Loans, Sanjiv Das, Named President of Pagaya Technologies

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NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced the closing of PAID 2023-6, its 43rd asset-backed securitization (ABS) and its 11th in 2023. The transaction was rated by Kroll Bond Rating Agency. Investors purchased $594 million of notes, which are expected to be backed by personal loans originated by consumer lenders connected.

Pagaya Closes $600 Million Consumer Loan Asset-Backed Securitization

The recent drawdown in Pagaya provides an opportunity to buy into a vast AI lending total addressable market at a reasonable valuation. A resilient business model enables strong growth and a path to profitability even in challenging markets. Network effects and competitive advantages position PGY for durable growth.

Pagaya: Exponential Growth Opportunity In AI Lending At A Discount

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced the closing of RPM 2023-3, its 42nd asset-backed securitization (ABS) and its 10th in 2023. Pagaya has funded more than $900 million of auto loans through its ABS program this year. In this latest deal, qualified investors purchased $268 million of asset-backed notes, expected to.

Pagaya Closes $281 Million Auto ABS Deal, its 10th ABS Transaction in 2023

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, and Värde Partners, a leading global alternative investment firm specializing in credit and credit-related assets, announced the closing of PAID 2023-S2, continuing a partnership to provide funding and growth for credit unions. In the current macroenvironment, coupled with regulatory requirements.

Pagaya and Värde Continue Partnership to Provide Capital Support to Credit Unions

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns ratings to eight classes of notes issued by Pagaya AI Debt Trust 2023-6 (“PAID 2023-6”), a consumer loan ABS transaction. PAID 2023-6 has initial credit enhancement levels of 59.15% for the Class A notes to 7.70% for the Class E notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. PAID 2023-6 will issue six classes of notes totaling $594 million with KBRA rating t.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2023-6

NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns ratings to four classes of notes issued by Research-Driven Pagaya Motor Asset Trust 2023-3 and Research-Driven Pagaya Motor Trust 2023-3 (“RPM 2023-3”), a consumer loan ABS transaction. RPM 2023-3 has initial credit enhancement levels of 31.61% for the Class A notes to 3.10% for the Class D notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. RPM 2023-3 will issue.

KBRA Assigns Preliminary Ratings to Research-Driven Pagaya Motor Asset Trust 2023-3 and Research-Driven Pagaya Motor Trust 2023-3

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (the “Company” or “Pagaya”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, has announced a partnership with Westlake Financial, an automotive fintech company with almost $24 billion in assets under management, originating indirect automotive retail installment contracts through a nationwide network of new and used auto dealers. With this expansive partnership, Westlake'.

Pagaya Announces Partnership with Westlake Financial, Showcasing Strength of Pagaya's Fast-Growing Auto Product

Pagaya is using artificial intelligence to disrupt the financial industry.

Is Pagaya Technologies an Excellent AI Stock to Buy Now?

Pagaya Technologies Ltd. aims to democratize access to financial products and services using data science and AI technology. Pagaya operates under a B2B2C model, connecting financial institutions with investors seeking exposure to consumer assets. Pagaya's revenue growth rates are expected to improve in 2024, with potential mid-teens growth rates.

Why Pagaya Technologies Surpasses Upstart's Tech

Pagaya Technologies is a two-sided, B2B network that helps loan originators (lenders) and loan buyers (institutional investors) unleash the power of AI-based lending through superior credit underwriting. Amid Fed's aggressive monetary tightening, Pagaya has showcased incredible business resiliency over the past year. And the company looks set for a re-acceleration in coming quarters. Given its relatively tiny scale (2023E network volume: ~$8B) compared to a humongous TAM (annual loan origination in the US: $4T+), Pagaya has a long, long runway for growth.

My Favorite AI Stock Idea: Pagaya Technologies

Pagaya Systems announced better-than-expected second-quarter results with strong network volumes. The company also raised its full-year outlook for network volumes and adjusted EBITDA.

Why Pagaya Technologies Stock Popped Today

Pagaya Technologies delivered solid 2Q results that showcased an improving financial position for the artificial intelligence infrastructure firm. The New York-based company broke even on an adjusted basis even as analysts were expecting the company to report a loss of $0.02 per share.

Pagaya rallies on strong 2Q results, achieves break-even despite analyst expectations

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Pagaya Technologies Ltd. (NASDAQ:PGY ) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET Company Participants Jency John - Head of Investor Relations Gal Krubiner - Chief Executive Officer Michael Kurlander - Chief Financial Officer Conference Call Participants Eugene Simuni - MoffettNathanson Rayna Kumar - UBS Joseph Vafi - Canaccord Genuity Michael Legg - The Benchmark Company Hal Goetsch - B.

Pagaya Technologies Ltd. (PGY) Q2 2023 Earnings Call Transcript

Pagaya Technologies Ltd. (PGY) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01.

Pagaya Technologies Ltd. (PGY) Reports Break-Even Earnings for Q2

Pagaya Technologies Ltd. shares rallied in the extended session Thursday after the AI-backed fintech data company's adjusted results and outlook topped Wall Street expectations.

Pagaya stock rallies as AI-backed fintech data company raises profitability outlook

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 second quarter and the first half of 2023 and provided its third quarter 2023 and full-year 2023 outlook. For additional information, Pagaya's inaugural letter to shareholders can be accessed here. “We delivered another strong qua.

Pagaya Reports Second Quarter and First Half 2023 Results

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