Pagaya Technologies Ltd

Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry. Its product deploys data science, machine learning and AI technology to evaluate the customers? applications in real time. The company was founded by Gal Krubiner, Yahav Yulzari and Avital Pardo on March 20, 2016 and is headquartered in Tel Aviv, Israel.

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Pagaya Technologies reports strong Q4 growth and eyes sustainable profitability

Pagaya Technologies showcased robust financial growth and strategic achievements in Q4 2022, positioning for sustainable profitability in 2023.
The company's focus on AI technology, network expansion, and partnerships strengthens its market presence and revenue streams.
Challenges in managing costs and market liquidity are being addressed, with opportunities for growth through product and partner mix optimization.
Pagaya's strong performance, strategic acquisitions, and outlook for profitability indicate a promising trajectory for the company.

Pagaya Technologies surpasses Q1 expectations, eyes sustainable growth

Pagaya Technologies demonstrated strong performance in Q1 2023, exceeding guidance and focusing on sustainable profitable growth.
The company's strengths lie in strategic partnerships, AI integration, and a commitment to underwriting standards and cost management.
Challenges include addressing analyst inquiries, managing rapid growth, and balancing profitability with expansion.
Opportunities for Pagaya include market expansion through partnerships, leveraging technology for growth, and enhancing competitive positioning.

Pagaya exceeds Q2 guidance, poised for growth amidst uncertainties

Pagaya's Q2 performance was strong, with record network volume and notable revenue growth. The company's unique business model and focus on cost discipline position them well for future opportunities, despite ongoing macro uncertainties.

Pagaya Technologies exceeds Q3 guidance, eyes growth amid challenges

Pagaya Technologies delivered robust Q3 results, with strong partnerships and a focus on profitable growth driving record network volume and revenue.
While facing challenges in credit performance and cost management, Pagaya's strategic initiatives and technology enhancements position it well for future growth.
Opportunities lie in expanding funding arrangements, leveraging conversion rates, and capitalizing on the favorable competitive landscape to drive continued success.

Pagaya Technologies achieves record results and targets growth in 2024

Pagaya Technologies delivered strong financial performance in Q4 2023 and for the full year, focusing on sustainable profitability and disciplined execution.
The company is strategically positioned to accelerate growth in 2024 by expanding products, deepening partnerships, and targeting positive cash flow by early 2025.
Despite challenges in OpEx optimization and conversion rate factors, Pagaya's strong funding position and growth plans present significant opportunities for the future.
Executives emphasized a product and partner-centric growth strategy, strong financial performance, and enhanced funding capabilities to drive Pagaya's success.

Pagaya Technologies reports robust Q1 results and eyes growth

Pagaya Technologies delivered strong financial performance in Q1 2024, focusing on profitability and long-term growth.
The company's strategic initiatives include optimizing operations, improving unit economics, and diversifying funding sources.
Opportunities lie in expanding partnerships, exploring new funding strategies, and maintaining pricing power in the market.

Pagaya Technologies excels in Q2, poised for growth ahead

Pagaya Technologies delivered a strong performance in Q2 2024, exceeding revenue and EBITDA targets.
The company's focus on strategic priorities, cost discipline, and operational efficiency has strengthened its financial position.
While facing challenges in sustaining growth and profitability, Pagaya is well-positioned to capitalize on opportunities for expansion and improvement.
Overall, Pagaya's outlook for 2024 is optimistic, with a path towards positive net cash flow and GAAP net income in 2025.

Pagaya Technologies excels in Q3, eyes sustainable profitability in 2025

Pagaya Technologies demonstrated robust financial performance in Q3 2024, emphasizing growth in revenues, fee generation, and adjusted EBITDA. While facing challenges from credit-related adjustments, the company is strategically positioned to capitalize on opportunities in expanding its loan facilitation network and enhancing financial performance across asset classes.

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Pagaya Technologies Ltd. engages in the development of AI and data networks for the financial industry. Its product deploys data science, machine learning and AI technology to evaluate the customers applications in real time. The company was founded by Gal Krubiner, Yahav Yulzari, and Avital Pardo on March 20, 2016 and is headquartered in New York, NY.

Pagaya is using artificial intelligence to disrupt the financial industry.

Is Pagaya Technologies an Excellent AI Stock to Buy Now?

Pagaya Technologies Ltd. aims to democratize access to financial products and services using data science and AI technology. Pagaya operates under a B2B2C model, connecting financial institutions with investors seeking exposure to consumer assets. Pagaya's revenue growth rates are expected to improve in 2024, with potential mid-teens growth rates.

Why Pagaya Technologies Surpasses Upstart's Tech

Pagaya Technologies is a two-sided, B2B network that helps loan originators (lenders) and loan buyers (institutional investors) unleash the power of AI-based lending through superior credit underwriting. Amid Fed's aggressive monetary tightening, Pagaya has showcased incredible business resiliency over the past year. And the company looks set for a re-acceleration in coming quarters. Given its relatively tiny scale (2023E network volume: ~$8B) compared to a humongous TAM (annual loan origination in the US: $4T+), Pagaya has a long, long runway for growth.

My Favorite AI Stock Idea: Pagaya Technologies

Pagaya Systems announced better-than-expected second-quarter results with strong network volumes. The company also raised its full-year outlook for network volumes and adjusted EBITDA.

Why Pagaya Technologies Stock Popped Today

Pagaya Technologies delivered solid 2Q results that showcased an improving financial position for the artificial intelligence infrastructure firm. The New York-based company broke even on an adjusted basis even as analysts were expecting the company to report a loss of $0.02 per share.

Pagaya rallies on strong 2Q results, achieves break-even despite analyst expectations

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Pagaya Technologies Ltd. (NASDAQ:PGY ) Q2 2023 Earnings Conference Call August 10, 2023 5:00 PM ET Company Participants Jency John - Head of Investor Relations Gal Krubiner - Chief Executive Officer Michael Kurlander - Chief Financial Officer Conference Call Participants Eugene Simuni - MoffettNathanson Rayna Kumar - UBS Joseph Vafi - Canaccord Genuity Michael Legg - The Benchmark Company Hal Goetsch - B.

Pagaya Technologies Ltd. (PGY) Q2 2023 Earnings Call Transcript

Pagaya Technologies Ltd. (PGY) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.01.

Pagaya Technologies Ltd. (PGY) Reports Break-Even Earnings for Q2

Pagaya Technologies Ltd. shares rallied in the extended session Thursday after the AI-backed fintech data company's adjusted results and outlook topped Wall Street expectations.

Pagaya stock rallies as AI-backed fintech data company raises profitability outlook

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the second quarter and the first half of 2023 and provided its third quarter 2023 and full-year 2023 outlook. For additional information, Pagaya's inaugural letter to shareholders can be accessed here. “We delivered another strong qua.

Pagaya Reports Second Quarter and First Half 2023 Results

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NEW YORK--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced that its 2023 Annual Meeting of Shareholders will be held virtually on September 13, 2023, beginning at 9:00 a.m. ET / 4:00 p.m. IDT. The virtual meeting website will be accessible prior to the meeting start and shareholders can log in by visiting www.virtualshareholdermeeting.com/PGY2023. Shareho.

Pagaya Schedules 2023 Annual Meeting of Shareholders

NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (“Pagaya” or the “Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, announced today that the Company's management team will participate in the Canaccord Genuity 43rd Annual Growth Conference on Tuesday, August 8th, 2023, in Boston, MA. The presentation is scheduled to begin at 9:00 AM ET. A live webcast and replay from the conference will be available on the.

Pagaya to Participate in Canaccord Genuity 43rd Annual Growth Conference

Pagaya is still demonstrating growth in this rough lending environment. It secured two new rounds of backing from funders.

Why Pagaya Stock Skyrocketed 90% in July

The company is using artificial intelligence to make better lending decisions.

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NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies (NASDAQ: PGY) intends to announce its second quarter 2023 earnings on August 10, 2023. A conference call to discuss those earnings will be held on the same day at 5:00 p.m. ET / 12:00 a.m. IDT. Details to register for the live webcast presentation and dial-in information will be available on Pagaya's IR website located at investor.pagaya.com. The webcast replay will be available on the IR website following the conclusion of the e.

Pagaya Announces Timing of Second Quarter 2023 Earnings Release

NEW YORK--(BUSINESS WIRE)--Pagaya Technologies LTD. (NASDAQ: PGY) ("Pagaya" or “the Company”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced the closing of PAID 2023-5 with ~$800 million of capital raised, upsized from $600 million, its 40th asset-backed securitization (ABS) to date and its 8th deal in 2023. With Pagaya's fully pre-funded model, capital is raised before loans are originated by Pagaya's partners, allowi.

Pagaya Announces ~$800 Million ABS, its 8th Deal in 2023 with $3.9 Billion Raised This Year

NEW YORK--(BUSINESS WIRE)--Darwin Homes, Inc. (“Darwin”), a leading proptech single-family residential platform and a wholly-owned subsidiary of Pagaya Technologies Ltd. (NASDAQ: PGY) ("Pagaya"), announced today that BLVD Residential, an asset management firm focused on residential real estate, has moved to deepen their relationship with Darwin's property management business and began adding 1,000 homes to Darwin's innovative platform starting in June 2023. Darwin Homes' unrivaled end-to-end so.

BLVD Residential Expands Relationship with Pagaya's Darwin Homes, Adds 1,000 Homes to Darwin's Platform

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NEW YORK--(BUSINESS WIRE)-- #KBRA--KBRA assigns ratings to five classes of notes issued by Pagaya AI Debt Trust 2023-5 (“PAID 2023-5”), a consumer loan ABS transaction. PAID 2023-5 has initial credit enhancement levels of 57.70% for the Class A notes to 7.95% for the Class E notes. Credit enhancement is comprised of overcollateralization, subordination of junior note classes, a cash reserve account, and excess spread. PAID 2023-5 will issue six classes of notes totaling $594 million with KBRA rating th.

KBRA Assigns Preliminary Ratings to Pagaya AI Debt Trust 2023-5

Pagaya is a fintech company that uses AI technology to underwrite loans and has partnerships with major financial institutions like Visa, SoFi Technologies, and Ally Technologies. Despite a challenging environment, Pagaya has managed to grow its revenues and maintain a stable business model. However, the company's shares are not for the faint of heart, as they require patience and liquidity, and the market has yet to fully recognize the potential of Pagaya's AI technology.

Pagaya Technologies: Hitting The Right Notes In AI Powered Consumer Lending

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