During the Q4 2025 earnings call, Pagaya Technologies reported significant year-over-year revenue growth driven by higher volumes on its AI-powered credit underwriting platform. Management noted that cost efficiencies and platform improvements narrowed operating losses compared with the prior quarter. Executives emphasized enhancements to the company’s risk modeling algorithms, which boosted transaction throughput and reduced processing times. The call concluded with a reiteration of Pagaya’s focus on scalable AI solutions for the financial services market.