PGY Pagaya Technologies Ltd

$PGY Q3 '26 Earnings Results & Recap • Reported GAAP EPS of $1.07 up 4.90% YoY • Reported revenue of $390.49M up 11.51% YoY • Pagaya raised FY26 GAAP net income guidance to $162M; FY26 total revenue and other income is expected at $1.45B and Adjusted EBITDA at $465M.

$PGY Realistically, I believe we will see a minimum of $35 soon, and even then it is still very, very conservatively valued.

$PGY I believe we.are heading for the seventh consecutive profitable quarter and management will take it out of the park. SP might disappoint as usual but at least we know company is doing everything right!

$PGY 30 by EoY. 60 by next year. Never doubt. It is growing regardless of all the global political bs. Patience will get you rich.

$PGY Last trading day before earnings guys, let's go. Been invested here since 2023 and am really hoping this report will initiate a strong upward trend going forward. We really deserve it based on fundamentals and all the work the company is doing.

$PGY Green on a sea of red, thank God management blew it out of the park or we will seeing 15 by now. Hope to see Republicans lose everything this midterms they totally deserved it for making the retarded on the white house a God like figure.

$PGY It is treated as non AI during AI fever. It is treated as AI during AI meltdown. What a comedy 😂 0 worries since its performance is stronger than ever

$PGY This is hilarious 😂 so when all those chip makers, semiconductors, Ai stocks were all hyped PGY was hit hard. Now that those companies turned out not as profitable as expected PGY is bleeding? This is a joke. Just stay firm on your position. Once this madness calmed down PGY will be reevaluated. The truth is that PGY just delivered the record high ER, and it is unshakable. Fk Wallstreet cxnts.

$PGY - I had a strong epiphany last night. We can all see it unfolding before our eyes - this small $1.5b market cap company is becoming a significant AI infrastructure play for the entire US lending vertical - so far: personal, auto and POS loans. This is true operationalized, monetized AI competitive advantage - a great example of the business case for all the AI investment the AI companies are making. And the have a huge head start, a data moat, a fantastic network of partners on both sides of the deal, plus years of model proof and sharpening. This is real value- way beyond what the market is currently valuing them at. Someone is going to notice. I wouldn’t be surprised if they get bought out soon. I’d actually hate to see it. In my investing career I’ve had several companies that I loved their story get sucked up just as it seemed like they were getting ready to fly. Hoping that doesn’t happen here, but latent value always finds a way to the surface.

$PGY I don't think that's an exaggeration: I'm an Upstart investor since it first hit $20 post-IPO. I've always viewed UPST as the true fintech revolution, while laughing at Pagaya, which I saw as just another incompetent company ending up in a reverse split. Four years later, I still own my UPST shares and remain convinced that the company's true value is at least four times its current price. However, I've come to realize that the real revolution may come from a different company: Pagaya. Pagaya isn't competing with UPST or other fintechs. Pagaya doesn't compete at all. It's simply building the infrastructure on which other players will carve up their respective market shares. A few weeks ago, I shared my analysis, which is based on the numbers and a five-year time horizon. However, nobody can predict what will happen over the next 10–15 years but I believe that if PGY becomes what so few people recognize today, its market cap could eventually be more than 100 times its current size.

$PGY Never heard Gal and team so bullish like this before. All the banks are coming. Fuck the shorts.

$PGY - the earnings strength and momentum here is incredible. They have significant operating leverage.

$PGY I don't understand why people are freaking out on any given red day. The company is in a great position, the world is not. Don't expect any massive bull runs till certain geopolitical issue's are solved. Which in time they will be, have patience.

$PGY today : Wells Fargo reported that despite macroeconomic pressures and overall uncertainty, consumers remain resilient. “Consumers are spending more, loan delinquencies are low, and deposit and investment balances have grown,” CEO Scharf said in a statement. “While higher interest rates, higher oil prices and persistent inflation create risks to the economy, strong positive forces such as the investment in AI infrastructure, high employment levels and consistent wage growth continue to outweigh the risks.” — Laya Neelakandan

$PGY Citizens Bank (Citizens Financial Group) is one of the 20 largest banks in the USA and ranks 17th according to the ranking (according to balance sheet total with approx. $232.5 billion). Wikipedia +1

$PGY I actually view the revenue as bullish. For them to deliver the numbers they delivered having lost Klarna is a testament to their strength. They are not beholden to a single large partner. It says they can grow to make up for someone the size of Klarna.

$PGY The Bad The major worrying sign is that revenue growth is still not good enough, let’s hope the number will look better next year when the effect of exiting SFR in 2025 is no longer affecting the calculation. The revenue growth is also significantly lower than network volume growth, this is likely due to asset mix, bond yield and newly onboarded partners starting at lower end of FRLPC. They mentioned they have started charging loan applicants 1% to 1.4% higher to make up for this. Hopefully things get better next year. Operating cashflow is also quite low considering net income went up big, this is worth keeping and eye on over the next few quarters. Impairment is also high compared to last year, let’s hope it remains flat or goes down next year. Network volume is also projected to go down q on q next in Q4. Management said it is due to seasonality and complete cessation of business with Klarna. Hopefully the newly on boarded partners make up for the Klarna loss.

$PGY very solid growth, as expexted. Will be interested to hear mgmt commentary around increased impairments (now tracking at / above their original guidance) and FLRPC margin compression.

$PGY - I’m trying to not use hyperbole here but, honestly, we could be looking at the company that provides the loan underwriting engine for the whole US banking industry. Because they have the moat and now that the trickle of bank business is turning into a stream. As these banks outperform the stream becomes a River. It will be a competitive disadvantage for banks not to use Pagaya.

$PGY Being able to pull this off in a macro environment where bond yields are at multi decades high is very impressive.