Pagaya Technologies Ltd. ( (PGY) ) has released its Q2 earnings. Here is a breakdown of the information Pagaya Technologies Ltd. presented to its investors.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Pagaya Technologies Ltd., a global technology company specializing in artificial intelligence infrastructure for the financial ecosystem, reported its financial results for the second quarter and first half of 2025, showcasing significant growth and strategic advancements.
The company achieved a second consecutive quarter of positive GAAP net income, with net income attributable to shareholders reaching $17 million, a $91 million increase year-over-year. Pagaya also reported a record adjusted EBITDA of $86 million, up 72% from the previous year, and total revenue and other income of $326 million, marking a 30% increase.
Key highlights include a record network volume of $2.6 billion, driven by growth in auto and point-of-sale verticals, and the successful issuance of $500 million in senior unsecured notes. Pagaya also issued its first AAA-rated Auto ABS and a AAA-rated Point-of-Sale revolving ABS structure, expanding its funding network to 145 partners.
Looking ahead, Pagaya expects continued growth with third-quarter network volume projected between $2.75 billion and $2.95 billion, and full-year 2025 revenue anticipated to reach between $1.25 billion and $1.325 billion. The company’s management remains optimistic about its ability to maintain momentum and deliver consistent results for its partners and investors.