NASDAQ$PGY
Pagaya Technologies Ltd · Q4 2024 earnings
Q4 2024 earnings · · Before market open · Investor relations
Briefing
Pagaya reported strong operating and financial results, exceeding guidance and addressing legacy issues.
Pagaya Technologies reported record total revenue of $279 million, a GAAP operating income of $32 million, and an adjusted EBITDA of $64 million for Q4 2024. The company exceeded its outlook for key metrics and initiated guidance on GAAP profitability for the full year 2025, expecting to be GAAP Net Income profitable in the second quarter of 2025. It also addressed legacy investment issues and is fully self-funded.
- Record network volume of $2.6 billion, grew by 9% year-over-year, driven primarily by Personal Loans.
- Continued partner growth and expanded enterprise relationships, including addition and expansion of the OneMain partnership and addition of Avvance, the POS lending solution offered by U.S. Bank and Elavon.
- Record total revenue and other income of $279 million, increased 28% year-over-year, driven primarily by 31% growth in fee revenue.
- Record adjusted EBITDA of $64 million, grew 88% year-over-year with adjusted EBITDA margin up 728 basis points to 23.0%.
Headline financials
Revenue & EPS history
Pagaya · Revenue · Quarterly
$279M
Forward guidance
Pagaya provided financial outlook for Q1 2025 and full year 2025.
Tailwinds
- 1Q'25 Network Volume Expected to be between $2.5 billion and $2.7 billion
- 1Q'25 Total Revenue and Other Income Expected to be between $280 million and $295 million
- 1Q'25 Adjusted EBITDA Expected to be between $65 million and $75 million
- 1Q'25 GAAP Net Income Expected to be between $20 million and breakeven
- FY'25 GAAP Net Income Profitability expected in 2Q'25; between $10 million and $40 million for FY'25
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 Q4 2024
-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
| Quarter | Report date | Reaction (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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro