Pagaya Technologies (NASDAQ:PGY) Posts Quarterly Earnings Results, Beats Estimates By $0.53 EPS

Pagaya Technologies (NASDAQ:PGY) posted its quarterly earnings results on Thursday. The company reported $0.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.20 by $0.53, Briefing.com reports. Pagaya Technologies had a return on equity of 46.46% and a net margin of 7.39%.The business had revenue of $317.94 million for the quarter, compared to analyst estimates of $323.85 million. During the same period last year, the company earned $0.10 EPS. The firm’s revenue was up 9.7% on a year-over-year basis.

Here are the key takeaways from Pagaya Technologies’ conference call:

• GAAP net income of $25 million marked Pagaya’s fifth consecutive profitable quarter, with adjusted EBITDA $94 million and management raising full-year adjusted EBITDA and GAAP net income guidance.
• Pagaya raised $2.1 billion across four ABS transactions, added Fitch (Triple‑A) to its ratings footprint and completed its first auto re‑securitization, giving the company repeatable capital recycling and lower-cost funding options.
• Product and partner expansion accelerated — four new partners onboarded (GLS, Upstart, Sezzle, FlexPay), the auto business reached a record annualized run rate of $2.3 billion, and affiliate/direct‑marketing products are driving incremental volume.
• Management maintained a selective credit posture and reported FRLPC at 4.6% (down 19 bps) due to tighter ABS pricing and higher cost of capital, and recorded $38 million in losses on investments, signaling near‑term margin pressure risks.
• CFO transition announced — outgoing CFO EP will serve as strategic advisor and Jonathan Dobres is promoted to CFO, with the company saying financial strategy and priorities remain unchanged.

Pagaya Technologies Trading Down 2.0%

Shares of NASDAQ PGY traded down $0.31 during midday trading on Friday, reaching $15.19. 6,032,315 shares of the stock were exchanged, compared to its average volume of 3,758,065. The business has a 50-day simple moving average of $12.37 and a two-hundred day simple moving average of $18.67. The company has a market capitalization of $1.25 billion, a price-to-earnings ratio of 14.20 and a beta of 5.42. Pagaya Technologies has a 12 month low of $10.40 and a 12 month high of $44.99. The company has a debt-to-equity ratio of 1.22, a current ratio of 10.55 and a quick ratio of 10.55.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Citigroup reduced their price target on Pagaya Technologies from $40.00 to $32.00 and set a “buy” rating on the stock in a research report on Thursday, February 12th. Freedom Capital upgraded Pagaya Technologies to a “strong-buy” rating in a research report on Tuesday, February 3rd. Benchmark reduced their price target on shares of Pagaya Technologies from $48.00 to $33.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. Weiss Ratings cut shares of Pagaya Technologies from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Friday, April 24th. Finally, Jefferies Financial Group reduced their price target on shares of Pagaya Technologies from $35.00 to $30.00 and set a “buy” rating on the stock in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $33.11.

Key Stories Impacting Pagaya Technologies

Here are the key news stories impacting Pagaya Technologies this week:

• Positive Sentiment: Pagaya beat Q1 earnings estimates, reporting $0.73 per share versus a much lower consensus, while revenue rose 9.7% year over year to $317.94 million. Article Title
• Positive Sentiment: The company raised full-year 2026 net income guidance and highlighted stronger revenues and lower expenses, reinforcing confidence in earnings momentum. Article Title
• Positive Sentiment: Second-quarter adjusted EBITDA guidance was also a focus for investors, suggesting management expects continued operating improvement in the near term. Article Title
• Neutral Sentiment: Pagaya also announced that Chief Strategy Officer Jonathan Dobres will become CFO effective June 15, 2026, with the current CFO staying through year-end to support the transition. Article Title
• Neutral Sentiment: Revenue guidance for Q2 and FY2026 was mixed relative to consensus, with the company pointing to a quarterly range below estimates even as the broader year outlook remains constructive. Article Title

Insider Transactions at Pagaya Technologies

In other news, President Sanjiv Das sold 9,702 shares of Pagaya Technologies stock in a transaction on Thursday, March 12th. The shares were sold at an average price of $10.99, for a total transaction of $106,624.98. Following the transaction, the president directly owned 144,034 shares of the company’s stock, valued at $1,582,933.66. This trade represents a 6.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CFO Evangelos Perros sold 13,004 shares of Pagaya Technologies stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $11.34, for a total transaction of $147,465.36. Following the transaction, the chief financial officer directly owned 122,174 shares in the company, valued at approximately $1,385,453.16. This represents a 9.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 46,756 shares of company stock valued at $558,738 over the last three months. 47.59% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Pagaya Technologies

Institutional investors have recently added to or reduced their stakes in the stock. Aster Capital Management DIFC Ltd lifted its position in Pagaya Technologies by 351.9% in the 4th quarter. Aster Capital Management DIFC Ltd now owns 1,392 shares of the company’s stock valued at $29,000 after acquiring an additional 1,084 shares in the last quarter. Transamerica Financial Advisors LLC bought a new stake in Pagaya Technologies in the 4th quarter valued at $30,000. Quarry LP lifted its position in Pagaya Technologies by 330.8% in the 4th quarter. Quarry LP now owns 1,663 shares of the company’s stock valued at $35,000 after acquiring an additional 1,277 shares in the last quarter. Empowered Funds LLC bought a new stake in Pagaya Technologies in the 4th quarter valued at $52,000. Finally, NewEdge Advisors LLC lifted its position in Pagaya Technologies by 3,739.7% in the 3rd quarter. NewEdge Advisors LLC now owns 5,798 shares of the company’s stock valued at $172,000 after acquiring an additional 5,647 shares in the last quarter. 57.14% of the stock is owned by institutional investors.

Pagaya Technologies Company Profile

Pagaya Technologies is a financial technology company that applies artificial intelligence and machine learning to the credit and asset management industries. Through its proprietary data-driven platform, Pagaya analyzes vast datasets from consumer credit portfolios to build predictive risk models, enabling institutional investors to gain access to alternative credit products. The company’s solutions streamline underwriting, optimize portfolio construction and facilitate the efficient securitization of consumer loans, credit card receivables and other asset classes.

Founded in 2016 and headquartered in New York, Pagaya has expanded its operations to serve financial institutions and asset managers primarily in the United States.