Pagaya reports Q3 adjusted EPS (2c), consensus (3c)

Reports Q3 revenue $204.0M, consensus $179.85M. Network Volume increased 26% to $1.9B, reflecting "strong growth from existing partnerships and newer products," the company said. "We delivered another quarter of strong network volume and total revenue growth year-over-year, resulting in the highest quarterly revenue in our 6-year history. These results reflect the power of the network infrastructure we have created, the "rails" that connect our partners, investors, and consumers across the country," said Gal Krubiner, CEO of Pagaya. "We believe we have built a unique business, led by an experienced management team, that will enable us to navigate the current macroeconomic cycle and continue executing on our mission."