Pagaya Technologies (PGY) Q2 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Pagaya Technologies delivered a broadly strong second quarter of 2025, though its earnings per share of $0.64 came in just below the Wall Street consensus of $0.67, a miss of 4.48%, even as the underlying business showed considerable momentum. Revenu… Read more Pagaya Technologies delivered a broadly strong second quarter of 2025, though its earnings per share of $0.64 came in just below the Wall Street consensus of $0.67, a miss of 4.48%, even as the underlying business showed considerable momentum. Revenue climbed 34.5% year-over-year to $326.40 million, supported by record capital markets activity that included $2.30 billion raised across six ABS transactions and an expanded institutional funding partner base of 145. The company posted GAAP net income attributable to shareholders of $16.66 million, compared to a net loss of $74.78 million in the same period a year ago, a swing driven by revenue growth and tighter operating expenses. Product diversification is also accelerating, with Auto and Point-of-Sale collectively representing 30% of network volume versus just 9% a year ago. Looking ahead, Pagaya raised its full-year 2025 guidance, now targeting total revenue of $1.25 billion to $1.33 billion and GAAP net income of $55.00 million to $75.00 million, signaling confidence in continued execution despite the modest near-term EPS shortfall.