Pagaya Technologies Ltd. announced its financial results for the second quarter and first half of 2025, reporting GAAP net income attributable to Pagaya Technologies Ltd. of $16.655 million for Q2 2025, a significant improvement from a net loss of $(74.785) million in Q2 2024. Total revenue and other income reached $326.398 million, a 30% increase year-over-year from $250.344 million in Q2 2024.
Adjusted EBITDA for Q2 2025 was $86 million, a 72% increase year-over-year. Network volume grew 14% year-over-year to $2.6 billion in Q2 2025. The company's results reflect disciplined execution, diversified revenue sources, a scalable operating model, and a proprietary data advantage.
Pagaya significantly raised its full-year 2025 guidance, now expecting Network Volume between $10.5 billion and $11.5 billion, Total Revenue and Other Income between $1.25 billion and $1.325 billion, and Adjusted EBITDA between $345 million and $370 million. Full-year GAAP Net Income guidance was also raised to between $55 million and $75 million, up from $10 million to $45 million previously.
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