Pagaya Technologies Ltd./$PGY
Pagaya shares fall as investors focus on seasonally lower Q4 volume guidance and margin pressure from higher benchmark rates, despite a Q3 earnings beat and raised FY26 net-income outlook.
17 hours agoLightyear AI
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About Pagaya Technologies Ltd.
Pagaya Technologies Ltd is a product-focused technology company. It uses machine learning, a vast data network, and an AI-driven approach to offer comprehensive consumer credit and residential real estate products for its partners, their customers, and investors. Its suite of products includes Decline Monetization, Dual Look, First Look, Affiliate Optimizer Engine, Direct Marketing Engine, and FastPass, providing lenders with an AI-powered credit and acquisition ecosystem that helps them approve more borrowers, capture more demand, and grow without adding risk. Geographically, the company generates maximum revenue from its business in the United States.
- Ticker
- $PGY
- Sector
- Software & Cloud Services
- Primary listing
- NASDAQ
- Employees
- 493
- Headquarters
- New York, United States
- Website
- pagaya.com
PGY Metrics
BasicAdvanced
$1.6B
10.69
$1.80
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-
Price and volume
Market cap
$1.6B
52-week high
$29.75
52-week low
$10.40
Average daily volume
2.3M
Financial strength
Current ratio
11.994
Quick ratio
11.559
Long term debt to equity
1.388
Total debt to equity
1.424
Profitability
EBITDA (TTM)
373.327
Gross margin (TTM)
43.93%
Net profit margin (TTM)
10.77%
Operating margin (TTM)
26.43%
Effective tax rate (TTM)
-2.83%
Revenue per employee (TTM)
$2,900,000
Management effectiveness
Return on assets (TTM)
14.52%
Return on equity (TTM)
22.18%
Valuation
Price to earnings (TTM)
10.692
Price to revenue (TTM)
1.12
Price to book
2.57
Price to tangible book (TTM)
2.7
Price to free cash flow (TTM)
7.36
Free cash flow yield (TTM)
13.59%
Free cash flow per share (TTM)
2.613
Growth
Revenue change (TTM)
14.80%
Earnings per share change (TTM)
-171.04%
3-year revenue growth (CAGR)
22.04%
3-year earnings per share growth (CAGR)
-10.45%
What the Analysts think about PGY
Analyst ratings (Buy, Hold, Sell) for Pagaya Technologies Ltd. stock.
Analyst projections of the future price of Pagaya Technologies Ltd. stock.
Bulls say / Bears say
Pagaya delivered $50 million of GAAP net income in the third quarter, up $27 million year on year, and lifted its full-year 2026 net income outlook to $162–182 million. This shows strong profit growth alongside 29% growth in network volume. (Business Wire)
Adding Citizens Financial Group and First National Bank of Omaha expands Pagaya’s bank relationships in personal loans and point-of-sale lending. The company says seven partners have been onboarded over the past year, supporting further growth beyond its existing channels. (Business Wire)
More than $2 billion of longer-duration committed funding, spanning auto forward flow, a personal-loan warehouse facility and revolving securitisation, gives Pagaya additional funding capacity and reduces reliance on issuing securitisations at a single point in time. (Business Wire)
Pagaya’s fee revenue less production costs as a share of network volume fell 91 basis points year on year to 4.1% in the third quarter, with higher benchmark rates cited as a cause. Continued funding-cost pressure could constrain earnings even if originations grow. (Business Wire)
Pagaya retains first-loss exposure to some consumer-credit assets, so worsening borrower performance could cause sizeable impairments. S&P notes that the company held $941 million of loans at fair value at March 2026 and assesses its financial risk as aggressive, with expected leverage of 3.5–4.5 times EBITDA. (S&P Global Ratings)
Management expects fourth-quarter network volume to fall from the third quarter, partly because of seasonality and the first full quarter without Klarna volume. That near-term decline could weigh on growth comparisons and test whether newer products and partners can fill the gap. (Investing.com)
Data summarised monthly by Lightyear AI. Last updated on 30 Oct 2026.
PGY Financial Performance
Revenues and expenses
PGY Earnings Performance
Company profitability
Upcoming events
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PGY News
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Funds containing PGY
Fund name | Fund size | $PGY weighting |
|---|---|---|
iShares Digitalisation$DGTL | $761M | 0.05% |
iShares Digitalisation£DGIT | $813M | 0.05% |
SPDR MSCI USA Small Cap Value Weighted$USSC | $1.1B | 0.01% |
Xtrackers MSCI World Small Cap$XSWC | $183M | 0.01% |
iShares MSCI USA Small Cap ESG Enhanced CTB€SXRG | $3.2B | 0.01% |
Data displayed above is indicative only and its accuracy or completeness is not guaranteed. Actual execution price may vary. Past performance is not indicative of future results. Your return may be affected by currency fluctuations and applicable fees and charges. Capital at risk.
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