Pagaya Technologies Reports Strong Q1 2025 Results

Pagaya Technologies Ltd. ( (PGY) ) has released its Q1 earnings. Here is a breakdown of the information Pagaya Technologies Ltd. presented to its investors.

Pagaya Technologies Ltd. is a global technology company specializing in artificial intelligence infrastructure for the financial ecosystem, providing consumer credit and residential real estate solutions. In its first quarter of 2025, Pagaya reported a significant turnaround with a GAAP net income of $8 million, marking a $29 million year-over-year improvement. The company also achieved record adjusted EBITDA of $80 million and total revenue of $290 million, reflecting an 18% increase compared to the previous year. Key financial highlights include a 26% increase in fee revenue less production costs and the expansion of its funding network with three new investors. Pagaya’s strategic focus on operational efficiencies and revenue growth has enabled it to exceed its financial outlook, prompting an upward revision of its full-year guidance for total revenue, GAAP net income, and adjusted EBITDA. Looking ahead, Pagaya’s management remains optimistic about sustaining its profitability momentum and expanding its market reach, driven by strong partner adoption and diversified funding strategies.