Pagaya Reports First Quarter 2024 Results
Pagaya Technologies Ltd. (PGY)
Company Research
Source: Business Wire
Delivered another record quarter, exceeding guidance on all metrics:Record Network Volume of $2.42 billionRecord Total Revenue and Other Income of $245 millionRecord Adjusted EBITDA of $40 millionOnboarding a bank partner in our point-of-sale product NEW YORK & TEL AVIV, Israel--(BUSINESS WIRE)--Pagaya Technologies Ltd. (NASDAQ: PGY) (“Pagaya”, the “Company” or “we”), a global technology company delivering artificial intelligence infrastructure for the financial ecosystem, today announced financial results for the quarter ending March 31, 2024.For additional information, view Pagaya's first quarter 2024 letter to shareholders here.“Disciplined execution drove another record quarter across our key metrics. We began onboarding a bank partner in our POS vertical, enhanced our unit economics and strengthened our funding capabilities,” said Gal Krubiner, co-founder and CEO of Pagaya Technologies. “These results reflect the strength of our business and our unwavering commitment to delive
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PGY
News
- New Institutional And Technical Trends Bode Well For Pagaya [Seeking Alpha]Seeking Alpha
- Pagaya: An Undervalued Fintech Powerhouse [Seeking Alpha]Seeking Alpha
- Capital Allocation Trends At Pagaya Technologies (NASDAQ:PGY) Aren't Ideal [Yahoo! Finance]Yahoo! Finance
- Pagaya Technologies Ltd. (NASDAQ:PGY) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Pagaya Technologies Ltd. (NASDAQ: PGY) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $22.00 price target on the stock.MarketBeat
PGY
Earnings
- 5/9/24 - Beat
PGY
Sec Filings
- 5/17/24 - Form 4
- 5/17/24 - Form 3
- 5/9/24 - Form 10-Q
- PGY's page on the SEC website