Welcome to our dedicated page for Pagaya Technologies Ltd. news (Ticker: PGY), a resource for investors and traders seeking the latest updates and insights on Pagaya Technologies Ltd. stock.
Pagaya Technologies Ltd (PGY) is a fintech innovator leveraging machine learning to transform credit analysis and lending infrastructure. This dedicated news hub provides investors and industry professionals with essential updates on PGY's AI-driven solutions, strategic partnerships, and market developments.
Access real-time announcements including quarterly earnings, product innovations, and leadership changes. Our curated collection ensures you stay informed about PGY's API integrations, risk management advancements, and contributions to the evolving credit ecosystem.
Key updates across multiple categories: financial results, technology patents, regulatory compliance milestones, and partnership expansions with financial institutions. Bookmark this page for streamlined access to PGY's latest machine learning applications in credit decisioning and data-driven lending solutions.
Pagaya Technologies (NASDAQ: PGY) has successfully closed a new $500 million AAA-rated personal loan ABS transaction (PAID 2025-3), demonstrating strong investor confidence. The company raised approximately $800 million across all ABS transactions in the past 3 days, with total funding exceeding $1 billion across all sources in April.
The latest transaction marks Pagaya's 9th consecutive AAA-Rated Personal Loan ABS deal and was oversubscribed with 32 unique investors, mostly repeat participants. Since its inception, Pagaya has raised over $28 billion across 69 ABS transactions for various products, including personal and auto loans, maintaining its position as the leading ABS issuer of personal loans in the U.S.
Pagaya Technologies (NASDAQ: PGY) has scheduled its first quarter 2025 earnings announcement for May 7, 2025. The company will host a conference call to discuss the results on the same day at 8:30 a.m. ET / 3:30 p.m. IDT. Interested parties can access the live webcast through Pagaya's investor relations website at investor.pagaya.com, where a replay will also be available after the event.
Pagaya Technologies (NASDAQ: PGY) has successfully priced a new $295 million AA-rated auto loan ABS transaction (RPM 2025-2), marking their second ~$300 million Auto ABS deal of 2025. This transaction demonstrates continued investor confidence despite market volatility.
The company has raised over $3 billion in expected capital year-to-date across all asset classes in their ABS and forward-flow programs. Their RPM shelf, now in its sixth year, has established a reputation for consistent execution and performance. Since 2018, Pagaya has raised more than $27 billion across 67 ABS transactions to fund loan originations in multiple products, including personal loan and auto.
Pagaya Technologies (NASDAQ: PGY) has successfully closed a $500 million AAA-rated personal loan ABS transaction (PAID 2025-2), marking their 8th consecutive AAA-rated Personal Loan ABS deal. The company maintains its position as the #1 ABS issuer of personal loans in the United States.
Since 2018, Pagaya has accumulated over $27 billion across 67 ABS transactions to fund loan originations in multiple products, including personal loan and auto. According to Sahil Chandiramani, Pagaya's Head of Capital Markets, the company is experiencing continued demand from investors, achieving declining cost of capital and more efficient structures, while significantly reducing risk retention levels.
Pagaya Technologies (NASDAQ: PGY) reported strong Q4 and full-year 2024 results, exceeding all guided operational metrics. The company achieved record network volume of $2.6 billion in Q4'24, up 9% year-over-year, and $9.7 billion for FY'24, a 17% increase.
Total revenue reached $279 million in Q4'24 and $1.03 billion for FY'24, growing 28% and 27% respectively. The company reported a net loss of $238 million in Q4'24 and $401 million for FY'24, impacted by fair value adjustments including a $156 million investment portfolio markdown.
Looking ahead, Pagaya expects Q1'25 network volume between $2.5-2.7 billion and FY'25 network volume of $10.25-11.75 billion. The company anticipates achieving GAAP profitability in Q2'25, with full-year 2025 GAAP net income projected between -$10 million and $40 million.
Pagaya Technologies (NASDAQ: PGY) has closed a $300 million AA-rated auto loan ABS transaction (RPM 2025-1), marking its first Auto ABS of 2025. The transaction, which was substantially oversubscribed, attracted 14 unique investors, mostly repeat participants. This follows Pagaya's successful 2024, where they raised over $6 billion across all ABS transactions.
The company has raised more than $3 billion of expected capital year-to-date, including a recent forward flow funding announcement with Blue Owl. Since 2018, Pagaya has accumulated nearly $27 billion across 66 ABS transactions to fund loan originations in multiple products, including personal and auto loans. This latest execution aligns with Pagaya's strategy to reduce net capital use and balance sheet exposure in its Auto loan program.
Pagaya Technologies (NASDAQ: PGY) has announced a new forward flow agreement with Blue Owl Capital managed funds to purchase up to $2.4 billion in consumer loans through the Pagaya network over a 24-month period.
This agreement represents a strategic expansion of Pagaya's funding program, complementing its existing ABS program which has raised more than $26 billion since inception. The forward flow program enables Pagaya to fund loan originations in a capital-efficient manner, supporting its growing presence in the U.S. lending ecosystem.
Pagaya Technologies (NASDAQ: PGY) has successfully closed a $600 million AAA-rated personal loan ABS transaction (PAID 2025-1), which was oversubscribed and upsized from the original $500 million target. The transaction attracted 32 unique investors, with most being repeat investors.
This marks Pagaya's 7th consecutive AAA-rated personal loan ABS transaction, maintaining its position as the #1 ABS issuer of personal loans in the U.S. Since 2018, the company has raised over $26.6 billion across 65 ABS transactions to fund loan originations across multiple products, including personal loan and auto.
The successful transaction demonstrates strong capital markets demand for Pagaya's AI-enabled consumer credit assets and highlights the company's unique funding model, AI capabilities, and partner relationships.
Pagaya Technologies (NASDAQ: PGY) has announced it will release its fourth quarter 2024 earnings on February 13, 2025. The company will host a conference call to discuss the results on the same day at 8:30 a.m. ET / 3:30 p.m. IST. Interested parties can access the live webcast through Pagaya's investor relations website at investor.pagaya.com, where a replay will also be available after the event.
Pagaya Technologies (NASDAQ: PGY) has appointed two new independent directors to its Board: Asheet Mehta, former Senior Partner at McKinsey & Company, and Alison Davis, former CFO of Barclays Global Investors. Mehta brings over 30 years of financial services experience, having led McKinsey's Financial Services Practice in the Americas. Davis, currently Chairman and Managing Partner of Blockchain Coinvestors, has served on 25 boards including Fiserv and Kraken. The appointments come as current Directors Mircea Ungureanu and Nicole Torraco step down, with Torraco transitioning to Pagaya's Advisory Board.
