---
title: "PAGAYA TECHNOLOGIES LTD C/WTS (TO PUR COM) | 8-K: FY2025 Q1 Revenue: USD 289.99 M"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/239102547.md"
datetime: "2025-05-07T11:01:55.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/239102547.md)
  - [en](https://longbridge.com/en/news/239102547.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/239102547.md)
---

# PAGAYA TECHNOLOGIES LTD C/WTS (TO PUR COM) | 8-K: FY2025 Q1 Revenue: USD 289.99 M

Revenue: As of FY2025 Q1, the actual value is USD 289.99 M.

EPS: As of FY2025 Q1, the actual value is USD 0.1.

EBIT: As of FY2025 Q1, the actual value is USD 47.69 M.

### Segment Revenue

-   **Total Revenue and Other Income**: $290 million, an increase of 18% year-over-year, driven by a 19% increase in revenue from fees.
-   **Revenue from Fees**: $282.7 million, up from $237 million in the previous year.

### Operational Metrics

-   **Net Income**: $8 million, exceeding the outlook of - $20 million to breakeven, and an increase of $29 million year-over-year.
-   **Adjusted EBITDA**: $80 million, up 100% year-over-year, exceeding the outlook of $65 million to $75 million.
-   **Adjusted Net Income**: $53 million, excluding non-cash items such as share-based compensation expense.
-   **Operating Income**: $47.7 million, compared to $7.7 million in the prior year period.

### Cash Flow

-   **Net Cash Provided by Operating Activities**: $34.4 million, compared to $17.7 million in the prior year period.

### Unique Metrics

-   **Fee Revenue Less Production Costs (FRLPC)**: $116 million, an increase of 26% year-over-year, driven by improved economics in personal loan and auto verticals.

### Outlook / Guidance

-   **Second Quarter 2025 Outlook**: Network volume expected to be between $2.3 billion and $2.5 billion; total revenue and other income expected to be between $290 million and $310 million; adjusted EBITDA expected to be between $75 million and $90 million; GAAP net income expected to be between breakeven and $10 million.
-   **Full Year 2025 Outlook**: Network volume expected to be between $9.5 billion and $11 billion; total revenue and other income expected to be between $1.175 billion and $1.3 billion; adjusted EBITDA expected to be between $290 million and $330 million; GAAP net income expected to be between $10 million and $45 million.
-   Pagaya expects non-ABS funding channels to contribute 25-50% of its 2025 funding, driving total net risk retention requirements lower. The company anticipates continued growth in Personal Loan and Auto segments, offset by lower SFR volume, with FRLPC % expected to range between 4.0% and 5.0% for the year. Pagaya’s business plan is self-funded, with no need to raise equity capital in the foreseeable future.

### Related Stocks

- [PGYWW.US](https://longbridge.com/en/quote/PGYWW.US.md)

## Related News & Research

- [INSTANT VIEW-SpaceX files long awaited IPO, creating a fresh AI play](https://longbridge.com/en/news/287124128.md)
- [Why Is Oklo Stock Surging On Wednesday?](https://longbridge.com/en/news/287096677.md)
- [Micron's stock gets a boost. Are Samsung's problems helping?](https://longbridge.com/en/news/287092903.md)
- [Go Big or Go Home? Top Investor Weighs In On Cerebras Systems Stock](https://longbridge.com/en/news/287032625.md)
- [Inside The AI Chip Crunch: Intel Pressures PC Makers To Upgrade Fast](https://longbridge.com/en/news/287068550.md)