Pagaya Technologies Ltd. reported significant financial growth in its latest quarterly filing, with total revenue and other income reaching $387.0 million for the three months ended June 30, 2026, a 19% increase from $326.4 million in the same period last year. The company's revenue from fees rose by 15% to $365.6 million, driven by a $32.5 million increase in Network AI fees, which reached $318.4 million. This growth was attributed to improved economics in AI integration fees and a 33% increase in Network Volume, which totaled $3.5 billion. Interest income also saw a substantial increase, more than doubling to $22.2 million, reflecting a higher average balance in investments in loans and securities.
In terms of profitability, Pagaya reported an operating income of $105.8 million for the second quarter, compared to $56.5 million in the prior year, marking an 87% increase. The net income attributable to Pagaya Technologies Ltd. was $45.3 million, significantly up from $16.7 million in the same quarter of 2025. The company’s earnings per share (EPS) also improved, with basic EPS rising to $0.53 from $0.20 year-over-year. The increase in profitability was supported by a reduction in general and administrative expenses, which fell by 13% to $35.1 million.
Operationally, Pagaya's total assets increased to $1.69 billion as of June 30, 2026, up from $1.55 billion at the end of 2025. The company reported a total of 493 employees, a decrease from 524 a year earlier, reflecting ongoing adjustments in its workforce. The filing also highlighted a strategic focus on expanding its partner network and enhancing its AI technology, which are expected to drive further growth in Network Volume and revenue.
Looking ahead, Pagaya expressed optimism about its growth trajectory, emphasizing the importance of its AI technology in improving creditworthiness assessments and expanding its service offerings. The company plans to continue investing in technology and product development while diversifying its funding sources to support its operations. However, it acknowledged potential risks from macroeconomic conditions, including inflation and geopolitical tensions, which could impact consumer demand and funding availability.
Overall, Pagaya Technologies Ltd. demonstrated strong financial performance in the second quarter of 2026, with significant revenue growth, improved profitability, and a strategic focus on leveraging its AI capabilities to enhance its market position.
About Pagaya Technologies Ltd.
Pagaya Technologies Ltd. is a technology-driven financial services company that leverages proprietary AI and data science to enhance credit underwriting and asset management. Its core activities include providing innovative lending solutions across consumer loans and real estate, connecting financial institutions with investors. The company focuses on scalable, API-integrated platforms, offering improved risk assessment, automation, and access to diverse markets for lenders and institutional investors.
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