Pagaya Technologies Reports Q3 Earnings Beat with Revenue of $390 Million
Pagaya Technologies (PGY) reported third-quarter financial results that exceeded analyst expectations for both earnings and revenue. The company posted a Non-GAAP EPS of $1.07, surpassing estimates by $0.07, while total revenue reached $390 million, representing an 11.4% increase year-over-year and beating projections by $6.93 million. Profitability metrics showed significant improvement compared to the previous year. Net income attributable to Pagaya shareholders more than doubled, rising to $49.7 million from $22.5 million in the prior year period. Additionally, Adjusted EBITDA grew 22% year-over-year to reach $130 million, signaling strong operational scaling and margin expansion.
Tickers: $PGY
Topics: earnings beat EBITDA net income increase revenue growth