PGY Stock Nears Key Technical Level As Pagaya Talks ‘Durable’ Growth Model

• Pagaya raised its full-year net income guidance to $110 million to 160 million, up from $100 million to 150 million previously.
• The company reported quarterly revenue of $318 million in the first quarter, missing analysts’ expectations of $323 million.
• Pagaya announced the appointment of Chief Strategy Officer Jonathan Dobres as the new Chief Financial Officer.

Shares of Pagaya Technologies (PGY) were on track to test the 100-day moving average for the first time since October 2025 in premarket trading on Thursday, after the company raised its full-year 2026 guidance and announced a management shakeup. The AI-powered lending platform said new partners could be a major growth driver in the second half of the year, helping offset concerns about its quarterly revenue miss.

At the time of writing, Pagaya shares rose over 12% on Thursday premarket and were on track to extend their three consecutive sessions of gains.

Pagaya Bets On New Partners To Drive Growth In H2 

“As we expand our partner network and deepen product adoption, we are building the durable, through-the-cycle business that will bridge Wall Street and Main Street for the long run,” said Gal Krubiner, Co-founder and Chief Executive Officer at Pagaya.

Pagaya added that so far this year, it has onboarded four partners, such as Global Lending Services (GLS), Upstart, Sezzle, and Flex Pay, a Buy Now, Pay Later solution from Upgrade. It further plans to onboard regional banks in the pipeline.

The company management also stated that Pagaya’s product mix has been robust and market-tested. Its product expansion has been a key growth driver in 2026, and it expects new partners to take the lead in growth in the second half of 2026 and beyond.

PGY Raised Its 2026 Guidance

Pagaya raised its full-year net income guidance to $110 million to 160 million, up from $100 million to 150 million previously. The company also raised its network volume outlook, now targeting $11.45 billion to $13 billion versus the prior $11.25 billion to $13 billion range.

The company however, has maintained its total revenue and other income outlook between $1.4 Billion and $1.58 Billion in 2026.

For the second quarter, Pagaya expects network volume to land between $2.875 billion and $3.075 billion, with total revenue and other income projected at $345 million to $365 million. The company is also expecting for GAAP net income in the range of  $25 million and $45 million.

PGY’s Profitability Improves Even As Revenue Misses Estimates

The company reported quarterly revenue of $318 million in the first quarter, missing analysts’ expectations of $323 million while its adjusted earnings per share of $0.73 also narrowly missed Wall Street expectations of $0.77, according to Fiscal.ai.

Pagaya also reported Network volume of $2.6 billion in the first quarter, up 9% year-over-year, driven by growth in the auto and Point-of-Sale (PoS) verticals.

PGY Announces New Chief Financial Officer Appointment

The company also announced the appointment of Chief Strategy Officer Jonathan Dobres, as the new Chief Financial Officer, effective June 15, 2026. 

Dobres will succeed Evangelos Perros, the company stated.

"Under Evangelos Perros’s tenure, we have achieved significant milestones, including the full build of Pagaya’s financial organization and leading it to deliver GAAP Net Income profitability, sustainably and consistently,” said CEO Krubiner.

What Do Retail Traders Think About PGY?

On Stocktwits, retail sentiment surrounding the stock has improved to ‘bullish’ from ‘bearish’ while message volumes increased to ‘high’ from ‘normal.’ 

One user on Stocktwits said, new partners signing up will provide more opportunities in the future for the company.

Shares of  Pagaya Technologies have declined over 33% so far this year.

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