Short answer
Pagaya Technologies Ltd. (PGY) filed its Q3 2025 10-Q quarterly report on Nov 10, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $340M (up 36.3% year over year) with net income of $23M.
Q3 2025 key financials · XBRL
- Revenue
- $340M
- +36.3% YoY · +7.0% QoQ
- Net income
- $23M
- +133.4% YoY · +35.4% QoQ
- Operating margin
- 23.5%
- EPS (diluted)
- $0.26
- +127.7% YoY · +36.8% QoQ
Source: XBRL data from the Pagaya Technologies Ltd. (PGY) Q3 2025 10-Q on SEC EDGAR. USD.
Pagaya Technologies Ltd. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- Revenue $350.2M, up $92.9M YoY from $257.2M
- Operating margin 22.8% vs 8.7% YoY, based on operating income of $80.0M
- Network Volume $2.8B, up from $2.4B YoY
- Net income attributable to Pagaya $22.5M vs $67.5M loss YoY
- Top five ABS investors provided 53% of funding, with elevated rates increasing capital costs
Risk Factors
- No material changes to 2024 Form 10-K risk factors
- Carried-forward risks include potential adverse effects on business, financial condition, cash flows, prospects, and Class A share price
- Additional unidentified or currently immaterial risks could become material adverse factors
- New 8.875% Senior Notes due 2030 may increase financial leverage and debt-servicing exposure
- Four directors or officers adopted Rule 10b5-1 plans covering up to 1,675,000 shares during the quarter
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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