PGY Stock — Pagaya Technologies Ltd.

Up next

Next earnings call

Oct 27, 2026 Est · unconfirmed · in 4 wks

Latest filing: 10-Q

filed Jul 30, 2026

Q2 2026 earnings call transcript

call held Jul 30, 2026

Metrics snapshot

Useful current figures from the complete screener profile.

View all 115 metrics

Revenue (TTM)

$1.39B

Trailing 12 months

Net income (TTM)

$126.81M

Trailing 12 months

Revenue growth YoY

+18.6%

Year over year

Operating margin

24.9%

Trailing 12 months

P / E (TTM)

12.4

Trailing earnings · reciprocal yield 8.1%

FCF yield

16.7%

TTM · current market cap

Return on invested capital

—

Trailing 12 months

Net cash

—

Latest balance sheet

Dividend yield

—

Trailing 12 months

Shares change YoY

+22.1%

Year over year · more shares

Price change (1Y)

-45.3%

Trailing year

Short interest

11.9%

Latest settlement · 5.2 days to cover

View all 115 metrics

AI Brief

Q2 FY26 earnings call · Jul 30, 2026

Q2 FY26

TL;DR. Pagaya delivered record Q2 growth and profitability, raised full-year GAAP net income guidance by almost 25% to $155M-$180M, and expects flat core OPEX despite continued scaling. However, FRLPC margin contracted 61 basis points to 4.2% amid product mix and elevated funding costs, while a POS partner roll-off is expected to reduce late-Q3 and Q4 volume.

Bullish

+ Q2 results exceeded outlook across key metrics, including $3.5B network volume, $387M revenue, $124M adjusted EBITDA, and $45M GAAP net income.
+ Adjusted EBITDA increased 43% to $124M while its margin expanded 5 points to 32%.
+ Core operating expenses declined 6% year over year and fell to 31% of FRLPC.
+ Funding demand remained strong, with a record $3.7B of ABS funding across six transactions and the last three securitizations upsized.
+ Full-year 2026 GAAP net income guidance was raised by almost 25% to $155M-$180M.
+ Management expects core OPEX to remain stable despite significant growth across its three major asset classes.

Bearish

− Elevated benchmark rates compressed funding-side margins, while tighter ABS pricing reflected higher cost of capital.
− The roll-off of one POS partner is expected to reduce late-Q3 and Q4 volume.
− Full-year guidance assumes the cost of capital remains elevated relative to last year.

AI-generated from the earnings call and 8-K · may contain errors · not investment advice

Equibles Rating

blended score · not investment advice

Overall

Neutral

SellHoldBuy

Technical Neutral Momentum Neutral Sentiment Neutral Fundamentals Excellent Quant / Vol Very High

Market backdrop VIX 16.3 · calm Equity put/call 0.53

Technical

price trend

Neutral

50 / 200-day cross No cross

Price vs 200-day avg +2%

above

Price vs 50-day avg −15%

below

RSI (14) 35

neutral

MACD trend Negative

52-week position 33%

mid-range

Volume (OBV) Confirms

volume backs price

Momentum

relative strength

Neutral

1-month return −17%

trailing

6-month return +45%

trailing

YTD return −17%

this year

Relative strength +33%

vs S&P · 6-mo

Sentiment

smart money

Neutral

Trend (MA cross) No cross

50d $20 › 200d $17 — 50d above 200d

Institutional flow Accumulating

+3% holders QoQ · +56 funds added

Insider flow Distributing

Net -$1.9M over 90 days · 100% sells

Short interest Falling

11.87% of float · ▼ -2.7% MoM · 5.2 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

237 holders — mid 3-yr range

Squeeze score 60

elevated · 0–100

Fundamentals

Excellent

Revenue growth +26%

Y/Y

EPS growth +116%

Y/Y

Free cash flow $224.7M

Valuation P/E 12.3

below peers

Balance sheet $133.4M

net debt

Quant / Vol

risk profile

Very High

Volatility 75%

annualized · 1-yr

Max drawdown −66%

past year

ATR 6.6%

of price · 14-day

Blended from price, momentum, positioning, fundamentals & volatility · daily-close · not investment advice. Market backdrop is context, not part of the score.

Guidance & track record

what management promised — and delivered

Beat or met 3 of last 3

Latest guidance · from the 8-K filed Jul 30, 2026

3Q26

Network Volume Initiated $3.43B – $3.63B

Adjusted EBITDA Initiated $120M – $130M

GAAP Net Income Initiated $42M – $52M

FY26

Network Volume Initiated $12.5B – $13.25B

Adjusted EBITDA Initiated $460M – $490M

GAAP Net Income Initiated $155M – $180M

Guided vs delivered · last 3 settled

Total Revenue and Other Income 3Q24

guided $250M – $260M

guided $250M – $260M $257.23M In line

Total Revenue and Other Income FY24

guided $975M – $1.05B

guided $975M – $1.05B $1.03B In line

Total Revenue and Other Income 2Q24

guided $235M – $245M

guided $235M – $245M $250.34M Beat +4.3%

Guidance from company 8-Ks · delivered figures from as-reported statements · no analyst estimates involved.

Technicals

trend & momentum for long-term holders Neutral

2 · 4 · 1

50 / 200-day cross

No cross Neutral

Price vs 200-day avg

+2% Bullish

Price vs 50-day avg

−15% Bearish

RSI (14)

35 Neutral

MACD trend

Negative Bearish

52-week position

33% Neutral

Volume (OBV)

Confirms Neutral

Market signals — smart money & positioning

Bullish · 2 of 6

Trend (MA cross) No cross

50d $20 › 200d $17 — 50d above 200d

Institutional flow Accumulating

+3% holders QoQ · +56 funds added

Insider flow Distributing

Net -$1.9M over 90 days · 100% sells

Short interest Falling

11.87% of float · ▼ -2.7% MoM · 5.2 days cover

Volume signal Normal

Volume near normal

Institution breadth Steady

237 holders — mid 3-yr range

Price context

position in its 52-week range

Range low $11 Now $17 · 33% Range high $31

vs 200-day avg +2% vs 50-day avg -15%

Illustrative technical + ownership context — a signal mix, not investment advice.

Key metrics

Earlier KPI extraction records exist, but do not meet the current evidence-completeness requirements. No current verified series is available. Earlier figures remain withheld until revalidated; this is not evidence that the company reports no KPIs.

Versus peers

Software - Infrastructure — same industry group

Open screener →

Company	Mkt cap	YTD	Rev growth Y/Y	P/E	Short % shares
PGY Pagaya Technologies Ltd. this stock	$1.51B	-17.1%	+26.1%	12.3	11.9%
MSFT Microsoft Corp	$3.83T	+6.1%	+6.9%	28.8	0.9%
PLTR Palantir Technologies Inc.	$455.79B	+5.2%	+56.2%	162.1	2.5%
ORCL Oracle Corp	$414.55B	-29.6%	+17.3%	21.5	1.7%
PANW Palo Alto Networks Inc	$306.54B	+115.7%	+29.0%	—	2.7%

Peers by industry group · P/E from as-reported trailing EPS · short % is of shares outstanding

At a glance

key data from every section

Ownership

Institutional Holders Reducing

Holders

237

% held: 49.9%
Net QoQ: -1.8M sh
Top holder: FRONTIER CAPITAL MANAGEME…

Held Float

View

Held by Funds

Fund positions

36

View

Short & Settlement

Short Interest Falling

Shares short

10.1M

Days to cover: 5.2d
Change: -280.4K sh

View

Short Volume

Short vol %

32%

As of: Sep 30, 2026

Short Total

View

Fails to Deliver

FTD shares

58

Value: $1.2K
As of: Sep 11, 2026

View

Off-Exchange

Off-exchange %

47.9%

Week of: Aug 24, 2026

Off-exch Lit

View

Smart Money

Insider Trades Net selling

Net (90d)

-$1.9M

Buyers / Sellers: 0 / 4

Buyers Sellers

View

Financials

Revenue (FY)

$1.3B

Net income (FY): $81.4M
EPS diluted: $0.93

View

Filings

SEC Filings

Latest

8-K

Filed: Aug 18, 2026
This year: 13

View

Proposed Sales

Value

$174.8K

Shares: 8.5K
Filed: Sep 18, 2026

View

Exempt Offerings

Offering

$75.0M

Filed: Jun 6, 2023

View

Earnings & Events

Earnings Calls

Last call

Sep 17, 2026

View

	5D	20D	120D	MTD	YTD
PGY	-7.5%	-17.3%	+45.1%	-20.3%	-17.1%
SPY	-0.7%	+0.1%	+12.2%	-0.6%	+11.8%
vs SPY	-6.8%	-17.4%	+32.9%	-19.8%	-29.0%

PGY · Pagaya Technologies Ltd.

Price & Indicators

Up next

Metrics snapshot

AI Brief

Equibles Rating

Guidance & track record

Technicals

Key metrics

Versus peers

At a glance

Performance