Pagaya Technologies Reports Record Q3 GAAP Net Income and Projects 2026 Growth
Pagaya Technologies Ltd. (PGY) reported record GAAP net income of $50 million for the third quarter, driven by a 29% increase in network volume. The company achieved significant operational efficiency by maintaining flat costs despite increased volume, allowing much of the growth to flow directly to the bottom line. Looking ahead, Pagaya has provided long-term guidance forecasting GAAP net income between $162 million and $182 million for 2026. Management is also focused on expanding its pipeline of banking partners to further scale its network volume and market presence.
Tickers: $PGY
Topics: earnings report GAAP net income network volume growth