Stock Analysis

Pagaya Technologies Reports Third Quarter 2022 Earnings

NasdaqCM:PGY
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Pagaya Technologies (NASDAQ:PGY) Third Quarter 2022 Results

Key Financial Results
  • Revenue: US$204.0m (up 40% from 3Q 2021).
  • Net loss: US$74.8m (loss widened by 162% from 3Q 2021).
earnings-and-revenue-growth
NasdaqCM:PGY Earnings and Revenue Growth November 12th 2022

All figures shown in the chart above are for the trailing 12 month (TTM) period

Pagaya Technologies Earnings Insights

Looking ahead, revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Software industry in the US.

Performance of the American Software industry.

The company's shares are up 11% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 2 warning signs for Pagaya Technologies you should be aware of, and 1 of them can't be ignored.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

About NasdaqCM:PGY

Pagaya Technologies

A product-focused technology company, deploys data science and proprietary artificial intelligence-powered technology for financial institutions and investors in the United States, Israel, the Cayman Islands, and internationally.

Undervalued with high growth potential.