Brief: Pagaya Q2 Adjusted Net Income USD 51 Million Vs. IBES Estimate USD 17.8 Million

Pagaya Technologies

07/08/2025 12:07

Overview

Pagaya Q2 revenue rises 30% yr/yr, driven by Auto and POS verticals

Adjusted EBITDA for Q2 up 72% yr/yr, reflecting operational scalability

Net income for Q2 reaches $17 mln, marking second consecutive positive quarter

Outlook

Pagaya expects 3Q25 network volume between $2.75 bln and $2.95 bln

Company sees 3Q25 revenue between $330 mln and $350 mln

Pagaya forecasts FY25 adjusted EBITDA between $345 mln and $370 mln

Company expects FY25 GAAP net income between $55 mln and $75 mln

Result Drivers

REVENUE GROWTH - Driven by Auto and Point-of-Sale verticals, contributing to a 30% increase in total revenue and other income

NETWORK VOLUME - Record $2.6 bln network volume, up 14% YoY, supported by growth in Auto and POS verticals and prudent underwriting

ADJUSTED EBITDA - Increased by 72% YoY to $86 mln, benefiting from improved FRLPC and operating leverage

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Total Revenue & Other Income
$326 mln
Q2 Adjusted Net Income
Beat
$51 mln
$17.80 mln (10 Analysts)
Q2 Net Income
$17 mln
Q2 Adjusted EBITDA
$86 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the financial technology (fintech) peer group is "buy"

Wall Street's median 12-month price target for Pagaya Technologies Ltd is $30.50, about 2.8% below its August 6 closing price of $31.36

The stock recently traded at 29 times the next 12-month earnings vs. a P/E of 6 three months ago

Press Release: ID:nBw6xrtkpa

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)