Vieira Cory sold $37K of PGY

Pagaya Technologies Ltd. (PGY) closed a $650M auto loan ABS, its 100th securitization, with 35 investors, including 5 new ones. The company continues its ABS-driven funding model, according to the press release.

Pagaya (NASDAQ: PGY) completed its 100th ABS transaction, bringing its lifetime issuance to over $44 billion. The deal involved 35 investors, including five new ones, and highlights the company's growth in the asset-backed securities market. Pagaya uses AI and machine learning to provide consumer credit and other financial products.

Pagaya Technologies Ltd. (PGY) closed a $600M AAA-rated personal loan ABS deal with 47 investors, tightening pricing. This brings YTD issuance to over $6B and total to over $9B, reflecting growing ABS issuance and improving funding terms for the company.

Pagaya Technologies reported a record $45 million GAAP net income in Q2, with revenue up 19% to $387 million and adjusted EBITDA up 43% to $124 million. Network volume rose 33% to $3.5 billion, and the company raised its full-year net-income guidance. The stock saw increased hedge fund interest but remains volatile with substantial short interest.

Pagaya Technologies Ltd. (PGY) filed an SEC Form 8-K — Results of Operations and Financial Condition. Pagaya Reports Second Quarter 2026 Results & Raises Full-Year Net Income Guidance Reported record performance across key metrics • $45 million GAAP net income; up $29 million YoY • $124 million Adjusted EBITDA; up 43% YoY • $387 million Total revenue and other income; up 19% YoY

Pagaya Technologies (NASDAQ:PGY) said it closed an upsized $800 million AAA-rated personal loan ABS deal, PAID 2026-4, on June 15, 2026. The transaction involved 39 investors and brings YTD personal loan ABS issuance to nearly $4 billion, its third upsized deal this year. Pagaya reported $40 billion issued since 2018 across 91 ABS deals. Texas Capital initiated coverage June 10 with a Buy rating and $27 target.