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 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.

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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 & 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

Investors need to pay close attention to Pagaya Technologies (PGY) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Pagaya Technologies (PGY) Stock?

NEW YORK & TEL AVIV--(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 that it has been selected as the recipient of the “Consumer Lending Innovation Award” in the 7th annual FinTech Breakthrough Awards program, which recognizes the top companies, technologies and products in the global FinTech market today.

Pagaya Wins 2023 Fintech Breakthrough Award for Consumer Lending Innovation

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 be participating in the Wolfe FinTech Forum on March 14, 2023 in New York, NY. About Pagaya Pagaya (NASDAQ: PGY) is a global technology company making life-changing financial products and services available to more people nationwide.

Pagaya to Participate in the Wolfe FinTech Forum

After losing some value lately, a hammer chart pattern has been formed for Pagaya Technologies Ltd. (PGY), indicating that the stock has found support.

Pagaya Technologies Ltd. (PGY) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now

Start Time: 08:30 January 1, 0000 9:15 AM ET Pagaya Technologies Ltd. (NASDAQ:PGY ) Q4 2022 Earnings Conference Call February 15, 2023, 08:30 AM ET Company Participants Gal Krubiner - CEO Michael Kurlander - CFO Jency John - Head of IR Conference Call Participants Rayna Kumar - UBS Eugene Simuni - MoffettNathanson Hal Goetsch - Loop Capital Joseph Vafi - Canaccord Genuity Operator Good day, and welcome to the Pagaya Q4 and Full Year 2022 Earnings Call.

Pagaya Technologies Ltd. (PGY) Q4 2022 Earnings Call Transcript

Shares of Pagaya Technologies Ltd. PGY, -1.47% were surging more than 20% in premarket action Wednesday after the financial-technology company, which uses artificial intelligence in credit, issued an upbeat profit forecast for the full year.

Pagaya stock pops after AI credit company gives rosy profit forecast

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 fourth quarter and full year of 20221. “2022 was a record year for Pagaya,” said Gal Krubiner, Chief Executive Officer of Pagaya.

Pagaya Reports Fourth Quarter and Full Year 2022 Results

NEW YORK--( BUSINESS WIRE )--Pagaya Technologies (NASDAQ: PGY) intends to announce its fourth quarter 2022 earnings before the start of trading on NASDAQ on February 15, 2022. A conference call to discuss those earnings will be held on the same day at 8:30 a.m. ET / 3:30 p.m. IST.

Pagaya Technologies Ltd. Announces Timing of Fourth Quarter 2022 Earnings Release

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Financial technology firm Pagaya Technologies Ltd said on Wednesday it was laying off nearly 20% of its employees across its offices in the United States and Israel.

Fintech Pagaya to lay off 20% of employees

NEW YORK & TEL AVIV, Israel--( BUSINESS WIRE )--Pagaya Technologies Ltd. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, has today announced its first acquisition, the purchase of Darwin Homes, Inc. (“Darwin”), a leading proptech platform. The combination creates a data-rich, technologically sophisticated offering for all participants in the SFR space, including residents, investors and service providers.

Pagaya's Acquisition of Darwin Homes Powers Premier Tech-Enabled Single-Family Rental Platform

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Today, we take a look at Pagaya Technologies Ltd., a small-cap concern that has destroyed substantial shareholder value since being birthed via a SPAC early this year. The company runs an AI-powered platform that is driving considerable revenue growth it should be noted.

Pagaya Technologies: Another One-Buck SPAC Casualty

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 be participating in the following conferences in December 2022.

Pagaya to Participate in December 2022 Investor Conferences

Shares of the AI-powered lending platform fell dramatically in the back half of the year.

Pagaya: A Much Better Valuation, but Questions Remain

It happens with most IPOs. When lock-up agreements start expiring, piles of insider shares find their way to the market.

Why Pagaya Technologies Stock Tumbled This Week

Pagaya Technologies Ltd. (NASDAQ:PGY ) Q3 2022 Earnings Conference Call November 10, 2022 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 LLC Joseph Vafi - Canaccord Genuity Corp. David Scharf - JMP Securities LLC Vincent Caintic - Stephens Inc. Operator Good day, and welcome to Pagaya's Q3 2022 Earnings Call.

Pagaya Technologies Ltd. (PGY) Q3 2022 Earnings Call Transcript

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 third quarter ending September 30, 2022 and updates to its full-year 2022 outlook.

News for Pagaya Technologies Ltd Stock (PGY)