Earnings Releases·Oct 29, 2026, 7:02 AM ET

Pagaya Technologies Ltd. — Third Quarter 2026 Earnings Summary

Q3 2026 GAAP net income reached $50 million (up $27 million YoY), while total revenue and other income rose 12% YoY to $390 million, beating prior guidance; Adjusted EBITDA increased 22% YoY to $130 million.
Full-year GAAP net income guidance was raised to $162 million–$182 million, with Q4 2026 Adjusted EBITDA guidance set between $117 million and $137 million.
Network volume hit a record $3.6 billion in Q3 (up 29% YoY), driven by Auto and Personal Loan verticals, alongside the onboarding of Citizens Financial Group and First National Bank of Omaha.
The company closed over $2 billion in longer-duration committed capital, including an Auto Forward Flow and Personal Loan VFN warehouse, while cash and cash equivalents increased to $247.1 million.