Pagaya Technologies
PGY · NASDAQ · Technology
$20.42
$0.14 (-0.68%) today
Market Cap
$1.70B
24h Volume
$43.1M
P/E Ratio
14.5
52w High
$42.30
52w Low
$10.64
Est. AI Revenue
100%
7-Day Sparkline (Static)
Company facts
Performance
About Pagaya Technologies
Pagaya operates an AI network that sits between lenders and institutional investors. Partner banks, fintechs, and auto lenders send loan applications they would otherwise decline to Pagaya's models, which underwrite the borrower, and approved loans are funded by investors through Pagaya's asset backed securities. Pagaya earns fees on the network's volume.
Its machine learning underwriting spans personal loans, auto loans, point of sale financing, and credit products. Partners keep the customer relationship while Pagaya supplies the credit decisioning, letting lenders approve more borrowers without holding the extra risk on their own balance sheets.
Founded in 2016 by Gal Krubiner, Avital Pardo, and Yahav Yulzari, Pagaya is headquartered in New York with research operations in Tel Aviv. It employs about 500 people and trades on the NASDAQ.
Pagaya Technologies in the AI buildout
Pagaya sits in the AI Software layer as applied AI in consumer finance. Its models replace traditional credit scores with machine learning underwriting, and the whole revenue model depends on those models pricing risk better than legacy methods. Like Upstart, it shows AI creating a new business rather than improving an old one. Its exposure is to AI adoption in lending, so the stock tracks consumer credit health and partner volumes rather than data center or chip demand.
PGY is tracked in AI Applications, rated Core on the AI Exposure leaderboard.
By the numbers
52-week range
PGY trades at $20.42, 31% of the way up its 52-week range of $10.64 to $42.30.
Market cap
Market capitalization is $1.70B, with an AI Exposure Score of 85 out of 100.
Valuation vs peers
Its P/E ratio of 14.5 is below the AI Applications category median of 27.5.
Next earnings
Pagaya Technologies is next expected to report earnings on November 10, 2026.
Market data as of the close on . Prices are end of day, not live.
Frequently asked questions
What does Pagaya Technologies do?
Pagaya runs an AI credit decisioning network. Partner banks and lenders send it loan applications, its machine learning models underwrite the borrowers, and institutional investors fund the approved loans through Pagaya's securitizations. It covers personal loans, auto loans, and point of sale financing.
How is Pagaya exposed to AI?
The business exists because of AI: machine learning underwriting is the product. Supercycle rates it Core with an AI Exposure Score of 85 out of 100. It scores below Pure Play only because its results track consumer credit conditions rather than the AI infrastructure buildout.
Is PGY a pure play AI stock?
Within fintech, yes. Pagaya's underwriting network is entirely AI driven, similar to Upstart. Supercycle scores it Core at 85 out of 100 because the thesis rides on consumer lending volumes and credit performance, not on the compute and data center buildout that defines the top tier.
Who leads Pagaya?
Co-founder Gal Krubiner is CEO. He started Pagaya in 2016 with Avital Pardo and Yahav Yulzari after working in structured credit at UBS. The founding team combined capital markets experience with machine learning research.
Where is Pagaya based?
Pagaya is headquartered in New York, with a major research and development presence in Tel Aviv, Israel. Founded in 2016, it employs about 500 people and trades on the NASDAQ under the ticker PGY.
Profile written 2026-08, updated as the business changes. Editorial content, not investment advice.