Pagaya Q2 profit beats on strong network volume growth

Pagaya Technologies

30/07/2026 12:36

Overview
AI-driven financial solutions provider's Q2 adjusted EPS beat analyst expectations
Q2 total revenue and other income rose 19% yr/yr to $387 mln
Company raised full-year net income guidance after record Q2 performance

Outlook
Pagaya sees 3Q26 network volume between $3.425 bln and $3.625 bln
Company expects 3Q26 GAAP net income between $42 mln and $52 mln
Pagaya raises FY26 GAAP net income guidance to $155 mln-$180 mln

Result Drivers
NETWORK VOLUME GROWTH - Co said 33% yr/yr increase in network volume was driven by growth in Auto vertical and expansion of partner relationships
FEE AND INTEREST INCOME - 19% yr/yr revenue growth attributed to higher fee revenue and interest income
OPERATING LEVERAGE - Operating income rose 87% yr/yr as network volume grew and operating expenses remained stable

Company press release: ID:nBw3KNNJga

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Total Revenue & Other Income
 
$387 mln
 
Q2 Adjusted EPS
Beat
$1.07
$0.33 (9 Analysts)
Q2 Net Income
 
$45 mln
 
Q2 Adjusted EBITDA
 
$124 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 11 "strong buy" or "buy", no "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 $26.00, about 60.6% above its July 29 closing price of $16.19
The stock recently traded at 10 times the next 12-month earnings vs. a P/E of 8 three months ago

Reuters Recommended Reads
July 29 - PSQ Holdings Q2 revenue jumps on Fintech growth
July 29 - Q2 Holdings quarterly adjusted EBITDA beats, revenue up 13%; raises FY outlook
July 28 - TransUnion beats Q2 revenue estimates, raises 2026 revenue growth outlook

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(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.)