Pagaya Q2 profit beats on strong network volume growth
PGY•Outlook
- Pagaya sees 3Q26 network volume between $3.425 bln and $3.625 bln
- Company expects 3Q26 GAAP net income between $42 mln and $52 mln
- Pagaya raises FY26 GAAP net income guidance to $155 mln-$180 mln
Overview
- AI-driven financial solutions provider's Q2 adjusted EPS beat analyst expectations
- Q2 total revenue and other income rose 19% yr/yr to $387 mln
- Company raised full-year net income guidance after record Q2 performance
Result drivers
- Network volume growth - Co said 33% yr/yr increase in network volume was driven by growth in Auto vertical and expansion of partner relationships
- Fee and interest income - 19% yr/yr revenue growth attributed to higher fee revenue and interest income
- Operating leverage - Operating income rose 87% yr/yr as network volume grew and operating expenses remained stable
Key details and analyst coverage
| Metric | Beat/Miss | Actual |
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