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Pagaya Technologies Ltd ( (PGY) ) has provided an update.
Pagaya Technologies reported robust financial results for Q3 2024, showing an 11% year-over-year increase in network volume to $2.4 billion and a 21% rise in revenue to $257 million. The company continues to advance its sales pipeline and partnerships, with significant gains in personal loan and point-of-sale volumes. Pagaya’s focus on profitability and sustainable growth positions it well for GAAP profitability and cash flow generation in 2025, while strategic moves to de-risk its balance sheet and reduce interest expenses aim to unlock further liquidity.
Learn more about PGY stock on TipRanks’ Stock Analysis page.