Pagaya Technologies Ltd. reported second-quarter 2026 results with revenue of $365.6M and diluted EPS of $0.49, driven by growth in network volume and higher interest income from an expanded investment portfolio; net income attributable to Pagaya was $45.3M for the quarter, up versus the year‑ago period.
Financial Highlights
- Revenue was $365.6M for Q2 2026, up from $317.7M in the year‑ago quarter (15% YoY).
- Net income attributable to Pagaya Technologies Ltd. was $45.3M for Q2 2026, versus $16.7M in the year‑ago quarter.
- Diluted earnings per share was $0.49 for Q2 2026, compared with $0.20 in the year‑ago quarter (145% YoY).
Business Highlights
- Network Volume expanded 33% sequentially to $3.5B, with growth across partner-originated personal, auto and POS assets and expanded ABS and forward flow channels.
- Fee revenue rose 15% quarter-over-quarter to $365.6M; total revenue and other income increased 19% to $387.0M, reflecting Network Volume expansion and higher yielding assets.
- Capital mix shifted toward larger investments in loans and securities and greater senior note exposure, increasing interest income and cash-yielding assets.
- FRLPC (fee-related metric) rose to $146.9M while FRLPC percentage modestly compressed to 4.2%, showing scale gains alongside continued focus on fee economics.
- Product and technology momentum continued with AI improvements, over 4.2 trillion evaluated application signals in the company history, ongoing R&D and higher partner adoption improving origination conversion.
Original SEC Filing:
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