Pagaya Technologies Ltd. — Form 8-K
Filed October 29, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 72/100
What the filing says
Pagaya reported Q3 2026 GAAP net income of $50M (+121% YoY), total revenue $390M (+12% YoY), network volume $3.6B (+29% YoY), and adjusted EBITDA $130M (+22% YoY). The company onboarded Citizens Financial Group and First National Bank of Omaha, bringing total new partners to 6 in the past 12 months. Pagaya raised full-year 2026 GAAP net income guidance to $162M–$182M (previously unspecified) and closed >$2B in committed capital across three funding structures. FRLPC % contracted 91 bps YoY to 4.1% due to higher benchmark rates, partially offset by 100–140 bps APR increases implemented in September.
Why this rating
Strong profitability growth (+121% net income), significant partner expansion (6 in 12 mo), and diversified $2B+ committed capital represent meaningful operational/strategic progress for a ~$1.1B market-cap fintech. Represents ~15% of market cap in annualized net income; real but not transformational.
Price action (we called it positive)
at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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