Pagaya Q2 2026: Record $45M Net Income, $3.5B Network Volume; New CFO Hired
PGY sits 67% above its 52-week low of $10.4.
Summary
Pagaya reported record Q2 2026 results with $45.3M net income and $3.5B network volume, hired a new CFO, and disclosed insider trading plans and a credit facility increase.
Key Events · Earnings and Guidance · PGY
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Record Q2 Earnings
Net income attributable to Pagaya reached $45.3 million, up 172% YoY, on total revenue of $387 million. Network volume grew 33% to $3.5 billion.
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New CFO Employment Agreement
Jonathan Dobres appointed CFO effective August 1, 2026, with a $650K base salary, $850K target bonus, and $2 million in RSU grants vesting over two years.
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Insider Trading Plans
CEO Gal Krubiner terminated a prior 10b5-1 plan and adopted a new one to sell up to 350,000 shares. Director Avi Zeevi adopted a plan to sell up to 386,524 shares (including affiliated entities).
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Credit Facility Upsize
The ALPF facility was amended in July 2026 to increase the borrowing commitment from $65 million to $100 million and extend the maturity to January 2029.
Analysis · PGY · Finance
A blowout quarter saw net income surge 172% year-over-year to $45.3 million on $387 million in revenue, fueled by a 33% jump in network volume to $3.5 billion. Separately, the company disclosed a new CFO employment agreement with Jonathan Dobres, effective August 1, 2026, featuring a $650K base salary, $850K target bonus, and $2 million in RSU grants. Meanwhile, the CEO and a director adopted new 10b5-1 trading plans to sell up to 350,000 and 386,524 shares, respectively, and the ALPF credit facility was upsized from $65 million to $100 million. The results confirm accelerating profitability and scale, but the insider selling plans and new executive compensation package introduce governance considerations.
At the time of this filing, PGY was trading at $17.33 on NASDAQ in the Finance sector, with a market capitalization of approximately $1.5B. The 52-week trading range was $10.40 to $44.99. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.