Story perspectives

Pagaya Technologies Surges to First Profitable Quarter

6/22/2025

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Summary

Story summary

Pagaya Technologies Ltd. (NASDAQ: PGY), founded in 2016, specializes in AI-driven asset management and credit technology.
The company collaborates with banks and fintechs to enhance loan underwriting and capital allocation, processing trillions in applications.
In Q1 2025, Pagaya achieved $8 million in net income and $290 million in revenue, its first profitable quarter.
Pagaya secured a record $600 million in securitization in Q2 2025, totaling over $2.3 billion in ABS deals.
Its advanced AI infrastructure improves loan performance and investor returns, establishing Pagaya as a leader in embedded finance.

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Story summary

Pagaya Technologies Ltd. (NASDAQ: PGY), founded in 2016, specializes in AI-driven asset management and credit technology.
The company collaborates with banks and fintechs to enhance loan underwriting and capital allocation, processing trillions in applications.
In Q1 2025, Pagaya achieved $8 million in net income and $290 million in revenue, its first profitable quarter.
Pagaya secured a record $600 million in securitization in Q2 2025, totaling over $2.3 billion in ABS deals.
Its advanced AI infrastructure improves loan performance and investor returns, establishing Pagaya as a leader in embedded finance.