Welcome to our dedicated page for Pagaya Technologies Ltd. SEC filings (Ticker: PGY), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Pagaya Technologies Ltd. (NASDAQ: PGY) files a range of documents with the U.S. Securities and Exchange Commission that shed light on its AI-driven financial technology business, funding structure, and capital markets activity. As an Israel-incorporated company with offices in New York and Tel Aviv, Pagaya uses its SEC filings to report material events, financing transactions, and periodic financial results related to its role in the consumer credit and residential real estate markets.
On this page, investors can review Pagaya’s current and historical SEC filings, including Form 8-K reports that describe significant developments such as earnings releases, refinancings of revolving credit facilities, and the issuance of senior notes. Recent 8-K filings detail a senior secured revolving credit facility, the terms of Pagaya US Holding Company LLC’s senior notes due 2030, and the use of proceeds to refinance existing borrowings and support general corporate purposes.
Pagaya’s periodic reports, including annual reports on Form 10-K and quarterly reports on Form 10-Q, provide more extensive information on its financial performance, non-GAAP metrics such as Fee Revenue Less Production Costs, Adjusted Net Income, and Adjusted EBITDA, and its activities in asset-backed securitization (ABS) programs across personal loans, auto loans, and point-of-sale assets. These filings also describe the company’s risk factors, capital structure, and the role of its AI-driven credit infrastructure within the broader financial ecosystem.
In addition, investors can use this page to access insider and capital markets-related filings, such as those related to warrants to purchase Class A ordinary shares (PGYWW) and other securities. Stock Titan’s tools surface Pagaya’s filings as they become available from EDGAR and provide AI-powered summaries to help readers quickly understand key terms, covenants, and implications of complex documents, including credit agreements, indentures, and securitization-related disclosures.
Pagaya Technologies Ltd. Chief Financial Officer Evangelos Perros had 22,766 restricted stock units convert into the same number of Class A ordinary shares at a price of $0.00 per share. On the same date, he sold 13,004 Class A shares at $11.34 per share to satisfy tax withholding obligations arising from the vesting of this compensatory award. Following these transactions, he directly holds 122,174 Class A ordinary shares.
Pagaya Technologies Ltd. president Sanjiv Das exercised restricted stock units and sold shares related to that vesting. On March 12, 2026, he converted 23,750 restricted stock units into the same number of Class A ordinary shares at an exercise price of $0.00 per share.
On the same date, he sold 9,702 Class A ordinary shares at $10.99 per share, with a footnote stating the sale was necessary to satisfy tax withholding obligations from the vesting of a compensatory award. After these transactions, he directly owned 144,033.538 Class A ordinary shares.
Pagaya Technologies' Chief Financial Officer, Evangelos Perros, exercised restricted stock units and sold shares mainly to cover taxes. On March 12, 2026, RSUs representing 20,625 Class A ordinary shares were converted into shares at a price of $0.00 per share. On the same date, 8,425 Class A ordinary shares were sold at $10.99 per share, with a footnote explaining the sale was necessary to satisfy tax withholding obligations from the vesting of a compensatory award. Following these transactions, Perros directly owns 112,412 Class A ordinary shares.
Pagaya Technologies Chief Development Officer Tami Rosen exercised restricted stock units that converted into 15,625 Class A ordinary shares on March 12, 2026. She then sold 5,905 shares at $10.99 per share, with the sale described as necessary to satisfy tax withholding obligations from the vesting of a compensatory award. Following these transactions, she directly owned 47,264 Class A ordinary shares, with no remaining derivative positions reported in this filing.
Pagaya Technologies Ltd. Chief Accounting Officer Cory Vieira reported equity transactions tied to a vesting award. On March 2, 2026, Vieira exercised 5,209 Restricted Stock Units at $0.00 per unit, receiving 5,209 Class A Ordinary Shares. That same day, Vieira sold 2,490 Class A Ordinary Shares at $10.92 per share to satisfy tax withholding obligations from the vesting, according to the footnotes. Following these transactions, Vieira directly held 15,111 Class A Ordinary Shares.
Pagaya Technologies Ltd. reports strong growth and a swing to profitability while reshaping its balance sheet. Revenue and other income reached $1.30 billion for the year ended December 31, 2025, up from $1.03 billion a year earlier, a 26% increase driven by higher fee revenue less production costs.
The company moved from a U.S. GAAP net loss of $401.4 million in 2024 to net income attributable to shareholders of $81.4 million in 2025. Adjusted EBITDA rose to $371.0 million from $210.4 million, reflecting improved unit economics and cost discipline.
Pagaya issued $500 million of 8.875% Senior Unsecured Notes due 2030 and used the proceeds to fully repay its prior term debt, then added a new three‑year $132 million revolving credit facility at a lower spread over SOFR. It also repurchased about $14.3 million of the 2030 Notes using balance sheet cash, signaling active liability management.
Pagaya Technologies reported a sharp turnaround to profitability in 2025, with total revenue and other income of $1.3 billion, up 26% year-over-year, and GAAP net income of $81 million versus a $401 million loss in 2024. Fee revenue less production costs reached $512 million, also up 26%, while adjusted EBITDA climbed 76% to $371 million, reflecting strong operating leverage.
In the fourth quarter, Pagaya generated $335 million in total revenue and other income, FRLPC of $131 million with a 4.9% margin, adjusted EBITDA of $98 million, and record GAAP net income of $34 million. Network volume for 2025 grew 9% to $10.5 billion, supported by expansion in personal loans, auto, and point-of-sale lending.
For 2026, the company guides to network volume of $11.25–$13.0 billion, total revenue and other income of $1.4–$1.575 billion, adjusted EBITDA of $410–$460 million, and GAAP net income of $100–$150 million, reflecting more measured growth as it tightens exposure to higher-risk segments.
Pagaya Technologies Ltd. reported that since December 26, 2025 it has repurchased approximately $6.9 million in aggregate principal amount of its outstanding 8.875% Senior Notes due 2030 through several open market transactions. The company funded these repurchases with cash on its balance sheet and viewed buying the notes at a significant discount to their par value as an attractive use of capital within its broader capital allocation strategy.
Pagaya stated it may from time to time make additional open market purchases or other liability management transactions, which would be limited in size and depend on market conditions, its liquidity needs and other factors.
Pagaya Technologies Ltd.'s President reported insider transactions on 12/12/2025. The officer acquired 23,750 Class A ordinary shares at $0 upon vesting of restricted stock units and sold 568 shares at $22.35 to satisfy tax withholding obligations arising from the vesting of a compensatory award. After these moves, the President directly owns 133,922 Class A ordinary shares and 118,750 restricted stock units that will vest over two years in eight equal quarterly installments starting on June 12, 2025.
Pagaya Technologies Ltd. Chief Financial Officer, a reporting person and officer of the company, reported equity compensation activity on 12/12/2025. A restricted stock unit award was settled, delivering 20,625 Class A ordinary shares at an exercise price of $0, which became directly owned.
On the same date, the officer sold 11,592 Class A ordinary shares at $22.35 per share to satisfy tax withholding obligations arising exclusively from the vesting of the compensatory award. After these transactions, the officer directly beneficially owned 87,196 Class A ordinary shares. The RSU grant is scheduled to vest over two years in eight equal quarterly installments starting on June 12, 2025.