Pagaya Technologies Ltd. (PGY) Earnings Call Transcripts
Pagaya Technologies Ltd.'s Latest Earnings Call - June 9, 2026
In the Q2 2026 earnings call for Pagaya Technologies Ltd., the company reported revenues of $12.4 billion, which was above the $11.8 billion estimate, reflecting a strong demand for consumer lending solutions. The company also increased its net income guidance, indicating confidence in its product-led growth strategy, particularly in the auto lending sector. Management emphasized a stable credit performance and a resilient U.S. consumer, which could positively impact future earnings.
Reported metrics
| Metric | Value |
|---|---|
| Revenue | $12.4B (beat) |
| Net Income Guidance | Increased (positive) |
| Unit Economics | 4.5% (positive) |
| Funding Model | 50% from prefunded ABS (positive) |
| Annual Growth Rate Target | 20% (neutral) |
| Consumer Credit Performance | Stable (positive) |
Guidance from management
Management raised the low end of their net income guidance, reflecting confidence in their growth strategy and product offerings, particularly in the auto lending sector.
What analysts pressed on
Analysts expressed concerns about macroeconomic uncertainties, particularly regarding inflation and unemployment, which could impact consumer credit performance and overall market conditions. There was also a focus on how these factors might influence Pagaya's growth trajectory.
Main topics on the call
- Revenue Growth and Guidance — Pagaya reported revenues of $12.4 billion, exceeding the $11.8 billion estimate. Management stated, "we have very strong confidence in our product-led strategy," leading to an increase in the low end of their net income ...
- Consumer Credit Performance — Management highlighted that the U.S. consumer remains resilient, stating, "the consumer credit performance is still stable and actually quite attractive." This suggests a favorable environment for Pagaya's lending partne...
- Funding Model Evolution — Pagaya has diversified its funding sources, with prefunded ABS now accounting for approximately 50% of total funding, down from 100% two years ago. This shift enhances capital access and reduces reliance on any single fu...
- Unit Economics Improvement — The company reported an increase in unit economics from 2.5% to 4.5% over two years, translating to an incremental $200 million in cash flow. Management noted, "the business has a significant operating leverage," indicat...
Read the full Pagaya Technologies Ltd. transcript (June 9, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.
About Pagaya Technologies Ltd.
Pagaya Technologies Ltd. (PGY) is a publicly listed company in the Software industry, within the Information Technology sector. It trades on NasdaqCM and is based in US. EarningsCalls.dev maintains a free, full-text archive of its earnings call transcripts — 23 calls on record spanning August 16, 2022 to July 30, 2026. Every transcript is split into speaker-by-speaker segments with headline metrics, free to read or available through our REST API.
Earnings Call History
EarningsCalls.dev has 23 Pagaya Technologies Ltd. earnings call transcripts on record, spanning August 16, 2022 to July 30, 2026. Based on this history, Pagaya Technologies Ltd. reports quarterly. The most recent call on file is dated July 30, 2026. The full list is below — each row opens the complete, free-to-read transcript.
- Ticker
- PGY
- Exchange
- NasdaqCM
- Country
- US
- Sector
- Information Technology
- Industry
- Software
- Calls on record
- 23
- First call
- August 16, 2022
- Most recent
- July 30, 2026
- Reporting cadence
- quarterly