Pagaya Technologies (NASDAQ:PGY) reported first-quarter 2026 results that marked its fifth consecutive quarter of GAAP profitability, while management emphasized disciplined underwriting, continued partner onboarding momentum, and a funding strategy designed to remain flexible amid market volatility
CEO Gal Krubiner said company data shows no signs of consumer deterioration, and that credit performance across asset classes remains in line with expectations.
Pagaya is an Israel-based financial services company that utilizes AI to evaluate loan applications, with an aim to be more precise with credit checks.
The tech-heavy Nasdaq Composite faced a stark reversal on January 8, 2026, as a wave of profit-taking in high-flying artificial intelligence stocks, led by Nvidia (NASDAQ: NVDA), dragged the index lower. After hitting a historic milestone just two days prior, Nvidia’s shares retreated as investors began to question the
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