Pagaya Reports Third Quarter 2026 Results
Pagaya posted record Q3 2026 results with total revenue and other income of $390 million, up 12% YoY, and GAAP net income of $50 million, a $27 million improvement from the prior year. Network volume hit a record $3.6 billion, up 29% YoY, while adjusted EBITDA grew 22% to $130 million and operating income rose 41% to $113 million on operating leverage. The company onboarded Citizens Financial Group and First National Bank of Omaha as partners, closed over $2 billion of longer-duration committed capital, and raised its full-year GAAP net income guidance to $162M-$182M.
Key figures
- Eps
- 0.52
- Revenue
- 390492000
- Guidance
- FY26: network volume $12.725B-$13.025B; total revenue and other income $1.45B-$1.5B; adjusted EBITDA $465M-$485M; GAAP net income raised to $162M-$182M. 4Q26: network volume $2.961B-$3.261B; revenue $355M-$405M; adjusted EBITDA $117M-$137M; GAAP net income $42M-$62M
- Revenue Yoy
- 12%
- Frlpc
- 146454000
- Network volume
- 3605000000
- Adjusted ebitda
- 130252000
- Gaap net income
- 49732000
- Operating income
- 112548000
- Network volume yoy
- 29%
- Adjusted ebitda yoy
- 22%
- Adjusted net income
- 102458000
- Adjusted diluted eps
- 1.07
- Frlpc pct change yoy
- -91 basis points
- Operating income yoy
- 41%
- Gaap net income yoy change
- +$27 million
- Frlpc pct of network volume
- 4.1%
AI analysis
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