NASDAQ$PGY

Pagaya Technologies Ltd · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Pagaya reported Q3 2025 revenue from fees of $339.9M with net income attributable to Pagaya of $22.5M.

Third-quarter revenue from fees and total revenue and other income rose 36% to roughly $350 million on higher network volume and interest income. Net income attributable to Pagaya was $22.5 million versus a $67.5 million loss a year ago as credit performance and scale improved.

  • Q3 revenue from fees $339.9M.
  • Net income attributable to Pagaya $22.5M.
  • AI credit and lending network volumes expanded.
  • Funding partners and ABS market access remain key enablers.

Headline financials

Total Revenue

$350M

Previous: $257M+36.1%
EPS (adj)

$1.02

Previous: -$0.93+209.7%
Capital Expenditures

-$10.8M

Previous: -$13.8M+21.4%
Net Income

$22.5M

Previous: -$67.5M+133.4%
Operating Income

$80M

Previous: $22.4M+257.2%

Revenue & EPS history

Pagaya · Revenue · Quarterly

$350M

Q3 2025+36.1%vs Q3 2024
Beat estimate in 8 of 13 quarters(62%)
ActualEstimate

Forward guidance

Management discusses Pagaya Technologies's outlook, capital deployment, and key risks as disclosed in the earnings materials and periodic report.

Tailwinds

  • Pagaya Technologies cited progress on strategic priorities in the quarterly filing.
  • Liquidity and balance sheet support continued operations and investment.

Headwinds

  • Macro, competitive, and regulatory factors may affect near-term results.
  • R&D, credit, or project timing can create quarter-to-quarter volatility.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

-0.4%

Avg return

Earnings day

-2.8%

Avg return

5 days after

-8.5%

Avg return

30 days after

45%

9 / 20 earnings

Positive

+24.3%

Q4 2024

Best reaction

-39.7%

Q3 2024

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+3.3%-8.9%-1.8%
Q4 2025-23.9%-33.3%-38.4%
Q3 2025+12.7%-2.2%+1.0%
Q1 2025-2.4%+33.6%+52.4%
Q4 2024+24.3%+43.9%-10.4%
Q3 2024-39.7%-47.8%-43.9%
Q2 2024-21.5%-18.8%-18.7%
Q1 2024+20.8%+16.8%+17.6%
Q4 2023+15.4%+15.4%-34.4%
Q3 2023+9.3%+4.7%+14.0%
Q2 2023+9.1%-9.5%-7.4%
Q1 2023-7.2%-4.6%+25.8%
Q4 2020-2.6%-9.3%-3.1%
Q4 2021-2.6%-9.3%-3.1%
Q4 2022-3.7%-8.2%-26.1%
Q3 2022+10.2%+0.0%-42.5%
Q2 2022-9.0%-17.6%-51.4%
Q1 2022-0.3%-0.1%-0.2%
Q3 2021+0.2%+0.2%+1.2%
Q2 2021-0.1%-0.3%-0.5%
Q1 2021
Q3 2020
Q2 2020
Q1 2020

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