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Pagaya Technologies beats Q3 earnings estimates, raises 2026 guidance, upgrades stock to Hold.

Company Fundamentals
30 Oct 2026, 17:51 WIB
Seeking Alpha
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Bullish
Pagaya Technologies beats Q3 earnings estimates, raises 2026 guidance, upgrades stock to Hold.

Pagaya Technologies reported strong Q3 2026 results, with GAAP diluted EPS of $0.52 and adjusted EPS of $1.07, both exceeding analyst expectations. The company raised its 2026 income guidance to $162-$182 million, focusing on unit economics rather than volume growth amid rising funding costs. Network volume grew 29% to $3.6 billion, though Q4 volume guidance is lower. Despite a decline in fee revenue as a percentage of volume due to funding costs, improving credit performance is indicated by recent loan loss data and tranche upgrades. After seven consecutive quarters of GAAP profit, the analyst upgraded Pagaya from Sell to Hold, valuing the stock at $18.70 based on a 9x multiple of run-rate EPS of $2.08.

Pagaya Technologies' recent earnings and guidance update provide context for financial sector activity on Pluang. For readers following the financials sector, here is Pluang's market snapshot as of Oct 30, 2026 21:21 WIB: Of 142 priced financial stocks, 30 rose and 111 fell today. Notable movers include CRCL at USD 72.60 with a 1-day change of -9.24% and 100% buy order activity, RIOT at USD 12.54 down 8.73% with 78% sell orders, and NWG at USD 15.54 down 8.59%.

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