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.

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced that its 2023 Annual Meeting of Shareholders will be held virtually on September 13, 2023, beginning at 9:00 a.m. ET / 4:00 p.m. IDT. The virtual meeting website will be accessible prior to the meeting start and shareholders can log in by visiting www.virtualshareholdermeeting.com/PGY2023. Shareho.

Pagaya Schedules 2023 Annual Meeting of Shareholders

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 Canaccord Genuity 43rd Annual Growth Conference on Tuesday, August 8th, 2023, in Boston, MA. The presentation is scheduled to begin at 9:00 AM ET. A live webcast and replay from the conference will be available on the.

Pagaya to Participate in Canaccord Genuity 43rd Annual Growth Conference

Pagaya is still demonstrating growth in this rough lending environment. It secured two new rounds of backing from funders.

Why Pagaya Stock Skyrocketed 90% in July

The company is using artificial intelligence to make better lending decisions.

Down 92%, Is This AI Growth Stock a Buy?

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NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies (NASDAQ: PGY) intends to announce its second quarter 2023 earnings on August 10, 2023. A conference call to discuss those earnings will be held on the same day at 5:00 p.m. ET / 12:00 a.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 e.

Pagaya Announces Timing of Second Quarter 2023 Earnings Release

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 2023-5 with ~$800 million of capital raised, upsized from $600 million, its 40th asset-backed securitization (ABS) to date and its 8th deal in 2023. With Pagaya's fully pre-funded model, capital is raised before loans are originated by Pagaya's partners, allowi.

Pagaya Announces ~$800 Million ABS, its 8th Deal in 2023 with $3.9 Billion Raised This Year

NEW YORK--(BUSINESS WIRE)--Darwin Homes, Inc. (“Darwin”), a leading proptech single-family residential platform and a wholly-owned subsidiary of Pagaya Technologies Ltd. (NASDAQ: PGY) ("Pagaya"), announced today that BLVD Residential, an asset management firm focused on residential real estate, has moved to deepen their relationship with Darwin's property management business and began adding 1,000 homes to Darwin's innovative platform starting in June 2023. Darwin Homes' unrivaled end-to-end so.

BLVD Residential Expands Relationship with Pagaya's Darwin Homes, Adds 1,000 Homes to Darwin's Platform

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NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns ratings to five classes of notes issued by Pagaya AI Debt Trust 2023-5 (“PAID 2023-5”), a consumer loan ABS transaction. PAID 2023-5 has initial credit enhancement levels of 57.70% for the Class A notes to 7.95% for the Class E notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. PAID 2023-5 will issue six classes of notes totaling $594 million with KBRA rating th.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2023-5

Pagaya is a fintech company that uses AI technology to underwrite loans and has partnerships with major financial institutions like Visa, SoFi Technologies, and Ally Technologies. Despite a challenging environment, Pagaya has managed to grow its revenues and maintain a stable business model. However, the company's shares are not for the faint of heart, as they require patience and liquidity, and the market has yet to fully recognize the potential of Pagaya's AI technology.

Pagaya Technologies: Hitting The Right Notes In AI Powered Consumer Lending

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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 2023-4, with $541M of capital raised, its 39th asset-backed securitization (ABS) since 2018 and its 7th in 2023. With its fully pre-funded model, where capital is raised before loans are originated by Pagaya's partners, Pagaya is currently the number one issuer.

Pagaya Announces $541 Million ABS, its 7th Deal in 2023

Pagaya Technologies Ltd., an AI-driven consumer lending platform, has seen a 50% increase in its stock price since the previous article, and I remain bullish on the company's future prospects due to its strong operating network and market potential. I expect Pagaya to significantly beat its FY2023 guidance, potentially leading to a stock price in the $2-$3 range on its way to a $6+ valuation when the company reaches $25B in network volume. Despite the increased risk with a $1.20 stock price, I believe the potential upside far outweighs the risks of holding the stock and plan to add more shares at the current price.

Pagaya: Still Underpriced, And Setting The Stage To Grow Quickly

Pagaya is demonstrating growth despite the high-interest rate environment. Its model is working, and it has a huge addressable market.

Why Pagaya Stock Jumped 25% in May

Pagaya Technologies Ltd. (NASDAQ:PGY ) Q1 2023 Earnings Conference Call May 16, 2023 8:30 AM ET Company Participants Jency John - Head, Investor Relations Gal Krubiner - Chief Executive Officer Michael Kurlander - Chief Financial Officer Conference Call Participants Joseph Vafi - Canaccord Hal Goetsch - B.

Pagaya Technologies Ltd. (PGY) Q1 2023 Earnings Call Transcript

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Q1 2023 Earnings Release.

Pagaya Reports First Quarter 2023 Results

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, announced today a partnership with a group of leading alternative investment firms – Angelo Gordon, ATLAS SP Partners, and Värde Partners – to provide funding for a multi-billion dollar credit union. Despite current market conditions in the regional banking sector and rising interest rates, credi.

Pagaya's Centralized AI-Powered Network Facilitates Credit Union's Access to Capital from Leading Alternative Investment Firms

Pagaya continues to execute exceptionally well, showing stability and growth in a difficult economic climate. The company's high operating leverage should provide significant cashflows as it turns profitable in the coming quarters.

Pagaya: Misunderstood And Mispriced

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, has named two executives with proven track records to its team – Giancarlo Marchesi as General Manager and Eric Watson as Chief Legal Officer – adding to its already strong senior leadership bench. Giancarlo Marchesi has joined Pagaya as General Manager to oversee the Auto and.

Pagaya Strengthens Leadership Team with Two Executive Hires, Deepening Subject Matter Expertise

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies (NASDAQ: PGY) intends to announce its first quarter 2023 earnings on May 16, 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 event.

Pagaya Announces Timing of First Quarter 2023 Earnings Release

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, announced today that its longtime investor, Oak HC/FT, is investing $75 million in Pagaya in the form of a convertible perpetual preferred security. The preferred converts at $1.25, which reflects a premium of approximately 36% to Pagaya's closing price on April 19, 2023.

Pagaya Receives $75 Million from Longstanding Investor Oak HC/FT to Accelerate M&A Strategy

NEW YORK & SINGAPORE--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) ("Pagaya"), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, with GIC, one of the world's leading global institutional investors, announced today that they have strengthened their strategic partnership.

GIC and Pagaya Technologies Extend Their Strategic Partnership for Years to Come

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