Pagaya reports Q4 adjusted EPS 20c, consensus (1c)

Reports Q4 revenue $218.04M, consensus $222.63M. Reports record network volume of $2.4B in Q4. “We delivered record fourth quarter results, ending the year with network volume, total revenue and adjusted EBITDA far exceeding our outlook from the start of the year,” said Gal Krubiner, co-founder and CEO of Pagaya Technologies. “We grew our network with transformational new lending partnerships and enhanced network monetization, reflecting the value our product can provide. We expect to build on this momentum in 2024 to expand our product ecosystem and reach a new level of scale and profitability.”