PGY
Pagaya Technologies Ltd.
Price as of Jul 20, 2026
PGY earnings
Pagaya Technologies Ltd. earnings
Reported EPS and revenue history, upcoming estimates and available earnings-call summaries.
| Report date | EPS est | EPS actual | Surprise | Revenue | Rev. surprise |
|---|---|---|---|---|---|
| May 7, 2026 | $0.32 | $0.28 | -12.5% | $318M | -1.8% |
| Aug 7, 2025 | $0.69 | $0.64 | -7.2% | $318M | -6.3% |
| May 7, 2025 | $0.40 | $0.69 | +72.5% | $283M | -1.2% |
| Feb 13, 2025 | $0.32 | $0.17 | -46.9% | $276M | -1.1% |
| Aug 9, 2024 | $0.20 | $0.10 | -50.0% | $243M | +1.4% |
| May 9, 2024 | $0.16 | $0.20 | +25.0% | $237M | +5.2% |
| Feb 21, 2024 | $0.36 | $0.24 | -33.3% | $210M | -4.8% |
| Nov 2, 2023 | $0.24 | $0.24 | +0.0% | $201M | +3.6% |
| Aug 10, 2023 | $-0.02 | $-0.04 | -63.3% | $186M | -1.7% |
| May 16, 2023 | $0.12 | $-0.24 | -300.0% | $175M | -2.3% |
| Feb 15, 2023 | $-0.36 | $-0.12 | +66.7% | $178M | +9.1% |
| Nov 10, 2022 | $-0.07 | $-0.24 | -266.7% | $186M | +3.1% |
Earnings call summary
Q1 FY2026 · May 7, 2026
AI summary of management’s prepared remarks and analyst Q&A. For informational purposes only — not investment advice.
Management highlights
Gal Krubiner noted another strong quarter with $25 million gap net income for five consecutive quarters. Sanjeev Das discussed diversifying the business through new partners, product expansion, and strong pipeline. Evangelos Peros mentioned financial results including revenue of $318 million, adjusted EBITDA of $94 million, etc.
Guidance
Expect network volume growth driven by existing partners, new partners, and product initiatives. FRLPC margin expected between 4% - 5% for the year. Second quarter network volume in range of 2.875 billion to 3.075 billion, total revenue and other income 345 million to 365 million, adjusted EBITDA 100 to 115 million. Full year 2026 network volume 11.45 billion to 13 billion, total revenue and other income 1.4 billion to 1.575 billion, adjusted EBITDA 420 to 460 million, net income 25 to 45 million.
Segment performance
Personal loan represents 63% of production this quarter. Auto loans business reached record performance with volumes hitting all-time highs at an annualized run rate of $2.3 billion. POS business embeds longer-term, larger ticket lending capabilities inside POS platforms.
Risks & headwinds
Factors like market volatility, changes in cost of capital, and geopolitical uncertainty could affect results. Also, risks related to reliance on single funding channels and potential mismatch in risk assumptions with rating agencies.
Analyst Q&A
Q: How is Pagaya managing funding markets volatility?
A: Pagaya is well-positioned with access to deep institutional capital, diversifying funding across public and private markets, leaning into public ABS while remaining disciplined.
Q: How does expense management factor in?
A: Operating leverage is a key differentiator, with growth translating to adjusted EBITDA growth, and cost management well-controlled.
Earnings history is derived from company filings and calendar data. Call summaries are grouped by reporting period. Latest covered event: 2026-07-30.