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Pagaya Technologies Ltd (PGY)
NASDAQ:PGY
Earnings Data
Report Date
May 07, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.2Last Year’s EPS
0.1Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call emphasized strong financial progress (revenue growth, materially higher adjusted EBITDA, multi-quarter GAAP profitability, improved monetization, funding diversification, and partner/product expansion) while also communicating a deliberate, risk-first posture: a late‑Q4 pullback in higher‑volatility production, continued guidance for rolling credit impairments, and some near‑term fee and mark‑to‑market headwinds. Management presented a controlled plan to trade near‑term volume for portfolio stability and durable profitability, with concrete 2026 guidance that assumes the conservative posture persists.Company Guidance
GAAP Profitability and Cash Flow
Q4 GAAP net income of $34M and operating cash flow of $80M; full-year GAAP net income of $81M (EPS $0.93), a $483M improvement versus 2024, marking the fourth consecutive profitable quarter.
Revenue and Adjusted EBITDA Growth
Full-year revenue of $1.3B, up 26% year-over-year; adjusted EBITDA of $371M, up 76% YoY with full-year margin of 28.5%. Q4 adjusted EBITDA was $98M with a 29% margin.
Improved Monetization (FRLPC)
Full-year FRLPC of $512M, up 26% YoY; Q4 FRLPC $131M, up 12% YoY. FRLPC margin expanded to 4.9% of network volume (full year and Q4), up ~70 basis points year-over-year on the full-year metric.
Network Volume and Vertical Growth
Q4 network volume of $2.7B (up 3% YoY) and full-year network volume of $10.5B (up 9% YoY). Personal loans represent ~65% of volume and grew ~10% YoY; auto and POS comprised 19% and 16% of Q4 volume respectively.
Partnership and Product Expansion
Onboarded three new partners (Achieve, GLS, and a fast-growing North American BNPL). Expanded multiproduct relationships with existing partners (e.g., LendingClub adopting marketing affiliate), and signed multiple long-term partner agreements to stabilize application flow and fees.
Funding Diversification and ABS Execution
Expanded forward-flow arrangements across all three core asset classes and introduced revolving ABS structures (POS and personal loan), creating nearly $3B of revolving capacity. Closed multiple ABS transactions including an $800M oversubscribed deal and a $350M revolving personal loan ABS with twenty-six North.
Balance Sheet and Liquidity Strength
Ended Q4 with ~$288M cash (up $62M YoY) and ~$945M in investments, loans and securities; implemented opportunistic investments (~$271M new Q4 investments, $47M opportunistic ABS purchases) and repurchased corporate notes at discounts to par.
PGY Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PGY Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 09, 2026 | $18.64 | $14.19 | -23.87% |
Nov 10, 2025 | $24.45 | $27.58 | +12.80% |
Aug 07, 2025 | $31.36 | $30.62 | -2.36% |
May 07, 2025 | $11.49 | $11.25 | -2.09% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Pagaya Technologies Ltd (PGY) report earnings?
Pagaya Technologies Ltd (PGY) is schdueled to report earning on May 07, 2026, Before Open (Confirmed).
What is Pagaya Technologies Ltd (PGY) earnings time?
Pagaya Technologies Ltd (PGY) earnings time is at May 07, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PGY EPS forecast?
PGY EPS forecast for the fiscal quarter 2026 (Q1) is 0.2.
