PGY
Pagaya Technologies Ltd.

Pagaya Technologies Ltd.PGY

Technology · Software - Infrastructure
18.72USD
+0.00%
Sep 25, 2026
PGY overview ready
Pagaya is a direct, fee-based AI lending-network operator: it supplies real-time credit decisioning to lending partners and facilitates the transfer or financing of originated consumer loans through institutional-capital and securitization channels.
Narrative not measured
AI Adoption in Consumer Financial ServicesAI-Enabled Consumer Credit Underwriting and DistributionPure play
Constructive pullback in an uptrend
Longer-term context reads early trend, with a near-term setup of constructive pullback.
The setup is constructive, but the underlying structure is still poor.
Attractive valuation
Current market expectations look undemanding relative to the cash the business actually produces.
Solid fundamentals
Free cash flow yield is strong.
Primary risk
Dependence on adoption by financial institutions.
Market Sep 24Price action Sep 24Research Sep 18

Conviction Level

NarrativeHeat—ThemeHeat6.4PriceAction4.9Valuation7.1CompanyPosition7.3
Price
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Price Action

Constructive pullback in an uptrend
Longer-term context reads early trend, with a near-term setup of constructive pullback.
The setup is constructive, but the underlying structure is still poor.
EntryConstructive

Structure is constructive on both timeframes without excessive extension — a reasonable entry location.

Key Financials

Market Cap
$1.5B
Avg Volume (60D)
2.8M
60 sessions
Revenue Growth YoY
+17.8%
Trailing twelve months
Gross Margin
+43.4%
Operating Margin
+22.9%
Trailing twelve months
Free Cash Flow Yield
+14.1%
Distance from 200DMA
+9.1%
Next Earnings
2026-11-10
P/E
15.8x
EV / EBITDA
5.7x
EV / Sales
1.5x
Market metrics as of Sep 24, 2026

Fundamentals & Valuation

Both valuation perspectives agree this company is cheap.
Pagaya Technologies Ltd. has a Cheap valuation stance because current market expectations look undemanding relative to the cash the business actually produces.

Company Research

Thesis
Pagaya is a direct, fee-based AI lending-network operator: it supplies real-time credit decisioning to lending partners and facilitates the transfer or financing of originated consumer loans through institutional-capital and securitization channels. The story is still emerging, so the exposure is real but early.
Opportunity
Moderate opportunity
Lenders and credit platforms deploy machine-learning underwriting, automated decisioning, and marketplace or capital-markets distribution to approve and price more consumer credit while managing risk and funding capacity.
Key risk
Dependence on adoption by financial institutions.

Narrative & Theme

AI Adoption in Consumer Financial Services
Part of AI-Enabled Consumer Credit Underwriting and Distribution, with strong fit.
PGY has a genuine, specific thematic exposure to AI-driven consumer-credit underwriting and loan distribution rather than generic enterprise AI.
Narrative HeatUnavailable
Theme HeatNeutral6.4 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.

Business & Markets

Technology · Software - Infrastructure
What they do

Pagaya Technologies Ltd. uses proprietary AI and data science technology to provide financial services solutions, primarily by automating loan application assessments and monetizing declined loans through its platform.

How it earns

The company generates revenue primarily through transactional fees tied to its AI-powered financial services products.

Products & services
Decline Monetization
Dual Look
First Look
Customers & end markets
Financial institutions
Institutional and sophisticated investors
Market position

Niche player leveraging proprietary AI technology within the financial services software infrastructure sector.

Demand drivers
Medium cyclicality

Demand for financial technology solutions can be influenced by credit market conditions and lending activity cycles.