Pagaya Q3 revenue rockets 12% to $390 million
Key points
- Pagaya Technologies (NASDAQ:PGY) reported third-quarter 2026 revenue and other income of $390 million, up 12% year over year, while GAAP net income rose to $50 million from $22.5 million.
- Adjusted EBITDA increased 22% to $130 million, and network volume grew 29% to $3.6 billion.
- Pagaya increased its 2026 outlook, forecasting revenue and other income of $1.45 billion–$1.50 billion, adjusted EBITDA of $465 million–$485 million and GAAP net income of $162 million–$182 million.
Pagaya Technologies (NASDAQ:PGY) reported third-quarter 2026 revenue and other income of $390 million, up 12% year over year, and raised its full-year financial guidance.
Revenue and other income exceeded the estimated $383 million, while GAAP net income increased to $50 million from $22.5 million a year earlier.
Adjusted earnings per share reached $1.07, while adjusted EBITDA rose 22% to $130 million, exceeding the reported analyst estimate of $125 million.
Network volume increased 29% year over year to $3.6 billion, reflecting growth in the volume of transactions processed through Pagaya's financial technology network.
Pagaya now expects full-year 2026 revenue and other income of $1.45 billion–$1.50 billion, adjusted EBITDA of $465 million–$485 million and GAAP net income of $162 million–$182 million.
For the fourth quarter, the company forecasts network volume of $3 billion–$3.3 billion, revenue and other income of $355 million–$405 million, adjusted EBITDA of $117 million–$137 million and GAAP net income of $42 million–$62 million.
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