Stock Track | Pagaya Technologies Soars 18.85% Pre-Market on Record Q4 Results, Profitability Guidance

Stock Track

Feb 13, 2025

Pagaya Technologies Ltd. (PGY) witnessed a remarkable 18.85% surge in its stock price during the pre-market trading session on Thursday, February 13, 2025. This surge came in response to the company's impressive fourth quarter and full-year 2024 financial results, which exceeded expectations across multiple key metrics.

The company reported record network volume of $2.6 billion in the fourth quarter, representing a 9% year-over-year increase, driven primarily by strong growth in personal loans. Total revenue and other income climbed 28% year-over-year to $279.4 million, while adjusted EBITDA soared 88% to a record $64.2 million.

Notably, Pagaya initiated guidance for GAAP profitability, expecting to achieve net income profitability in the second quarter of 2025. The company also addressed legacy investment issues, stating that it does not anticipate material impact from 2021-2023 vintages going forward.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/1187894868"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"1187894868\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/1187894868?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-13 23:00","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1187894868","market":"hk","top_or_hot":-1,"title":"Stock Track | Pagaya Technologies Soars 18.85% Pre-Market on Record Q4 Results, Profitability Guidance","media":"Stock Track","content":"<p>Pagaya Technologies Ltd. (PGY) witnessed a remarkable 18.85% surge in its stock price during the pre-market trading session on Thursday, February 13, 2025. This surge came in response to the company's impressive fourth quarter and full-year 2024 financial results, which exceeded expectations across multiple key metrics.</p>\n\n<p>The company reported record network volume of $2.6 billion in the fourth quarter, representing a 9% year-over-year increase, driven primarily by strong growth in personal loans. Total revenue and other income climbed 28% year-over-year to $279.4 million, while adjusted EBITDA soared 88% to a record $64.2 million.</p>\n\n<p>Notably, Pagaya initiated guidance for GAAP profitability, expecting to achieve net income profitability in the second quarter of 2025. The company also addressed legacy investment issues, stating that it does not anticipate material impact from 2021-2023 vintages going forward.</p>","source":"ai_movement_en","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Stock Track | Pagaya Technologies Soars 18.85% Pre-Market on Record Q4 Results, Profitability Guidance</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStock Track | Pagaya Technologies Soars 18.85% Pre-Market on Record Q4 Results, Profitability Guidance\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1086803395\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Stock Track </p>\n<p class=\"h-time\">2025-02-13 23:00</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>Pagaya Technologies Ltd. (PGY) witnessed a remarkable 18.85% surge in its stock price during the pre-market trading session on Thursday, February 13, 2025. This surge came in response to the company's impressive fourth quarter and full-year 2024 financial results, which exceeded expectations across multiple key metrics.</p>\n\n<p>The company reported record network volume of $2.6 billion in the fourth quarter, representing a 9% year-over-year increase, driven primarily by strong growth in personal loans. Total revenue and other income climbed 28% year-over-year to $279.4 million, while adjusted EBITDA soared 88% to a record $64.2 million.</p>\n\n<p>Notably, Pagaya initiated guidance for GAAP profitability, expecting to achieve net income profitability in the second quarter of 2025. The company also addressed legacy investment issues, stating that it does not anticipate material impact from 2021-2023 vintages going forward.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PGY","symbol_name":"Pagaya Technologies Ltd.","start_time":0,"source_url":"","article_id":"1187894868","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1187894868","pubTimestamp":1739458813,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Pagaya Technologies Ltd.  witnessed a remarkable 18.85% surge in its stock price during the pre-market trading session on Thursday, February 13, 2025. This surge came in response to the company's impressive fourth quarter and full-year 2024 financial results, which exceeded expectations across multiple key metrics.The company reported record network volume of $2.6 billion in the fourth quarter, representing a 9% year-over-year increase, driven primarily by strong growth in personal loans. Total ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"PGY":"Pagaya Technologies Ltd."},"translate_title":"股票赛道Pagaya Technologies盘前飙升18.85%，第四季度业绩和盈利指引创历史新高","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PGY":1},"content_text":"Pagaya Technologies Ltd. (PGY) witnessed a remarkable 18.85% surge in its stock price during the pre-market trading session on Thursday, February 13, 2025. This surge came in response to the company's impressive fourth quarter and full-year 2024 financial results, which exceeded expectations across multiple key metrics.\nThe company reported record network volume of $2.6 billion in the fourth quarter, representing a 9% year-over-year increase, driven primarily by strong growth in personal loans. Total revenue and other income climbed 28% year-over-year to $279.4 million, while adjusted EBITDA soared 88% to a record $64.2 million.\nNotably, Pagaya initiated guidance for GAAP profitability, expecting to achieve net income profitability in the second quarter of 2025. The company also addressed legacy investment issues, stating that it does not anticipate material impact from 2021-2023 vintages going forward.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"movement","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}