Pagaya Technologies Ltd. (PGY) saw its stock price soar 5.46% during pre-market trading on Thursday following the release of its first-quarter 2026 financial results.
The company reported GAAP net income attributable to shareholders of $25 million, a significant increase from the year-ago period, with operating income climbing 68% to $80 million. Total revenue and other income rose 10% to $318 million, while network volume increased 9% to $2.6 billion. Pagaya also raised its full-year 2026 GAAP net income guidance to $110 million-$160 million, indicating management's confidence in continued strong performance.
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