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Pagaya Technologies (PGY) guidance and outlook
Pagaya Technologies (PGY) raised its guidance on Oct 29, 2026: Other income $355M–$405M for Q4 2026; EBITDA $117M–$137M for FY2026; Net income $42.0M–$62.0M for FY2026; Other income $1.4B–$1.5B for FY2026. Pagaya Technologies' 10-Q filed Nov 2, 2026 makes 24 forward-looking statements.
Guidance and outlook
Latest guidance
| Metric | Period | Range | Change |
|---|---|---|---|
| Other income | Q4 2026 | $355M–$405M | new |
| EBITDA | FY2026 | $117M–$137M | new |
| Net income | FY2026 | $42.0M–$62.0M | new |
| Other income | FY2026 | $1.4B–$1.5B | new |
From the earnings release filed Oct 29, 2026 (8-K on EDGAR).
Forward-looking statements, 10-Q filed Nov 2, 2026
- We believe our mission will be accomplished by becoming the trusted lending technology partner for the consumer finance ecosystem, with an expansive product suite (the fee-generating side of our business) fueled by effective and efficient capital and risk management (the capital efficiency side of our business).
- We have found, and we expect to continue to experience, that more data leads to more efficient pricing and greater Network Volume.
- We have diversified our investor network and will continue to seek to further diversify our investor base.
- We expect economic cycles to affect our financial performance and related metrics.
- Management is actively monitoring the situation for systemic risks and will continue to evaluate our operational protocols as the security landscape evolves.
- Economic downturns or prolonged uncertainty may pressure the performance of assets acquired by Financing Vehicles from our network.
- While maintaining a focus on profitable growth, which may result in a different targeted volume mix, we believe the growth in Network Volume highlights the scalability of our business, which, in turn, affects our operational leverage and profitability.
- As of the end of each reporting period, management reviews each available for sale security where the fair value is less than the amortized cost to determine whether any portion of the decline in fair value is due to a credit loss and/or whether or not we intend to sell or will be required to sell such security before recovery of its amortized cost basis.
- Accordingly, as we generate taxable income in Israel, our effective tax rate is expected to be lower than the statutory corporate tax rate for Israeli companies of 23%, but subject to the 15% minimum corporate tax rate.
- Our taxable income generated in the United States or derived from other sources in Israel which is not eligible for tax benefits will be subject to the regular corporate tax rate in their respective tax jurisdictions.
- We use FRLPC as part of our overall assessment of performance, including the preparation of our annual budget and quarterly forecasts, to evaluate the effectiveness of our business strategies, and to communicate with our Board of Directors concerning our financial performance.
- FRLPC is intended to highlight the scalability of our platform as Network Volume (the gross dollar amount of assets originated using our technology) increases, demonstrating our ability to efficiently generate fee revenue while managing production costs.
Pagaya Technologies' latest quarter
Pagaya Technologies, Q3 2026: revenue $390M (+12% year over year), operating margin 28.8%, net earnings $49.7M, operating cash flow $49.0M. The chart follows the revenue to costs, profit and cash.
Questions
Did Pagaya Technologies raise or lower its guidance?
Pagaya Technologies (PGY) raised its guidance on Oct 29, 2026: Other income $355M–$405M for Q4 2026; EBITDA $117M–$137M for FY2026; Net income $42.0M–$62.0M for FY2026; Other income $1.4B–$1.5B for FY2026.
What does Pagaya Technologies expect?
We believe our mission will be accomplished by becoming the trusted lending technology partner for the consumer finance ecosystem, with an expansive product suite (the fee-generating side of our business) fueled by effective and efficient capital and risk management (the capital efficiency side of our business). We have found, and we expect to continue to experience, that more data leads to more efficient pricing and greater Network Volume. We have diversified our investor network and will continue to seek to further diversify our investor base.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.