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 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.

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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" 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.

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

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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

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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.

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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

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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.

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