Pagaya (PGY) Q1 2026 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Fri, May 8, 2026 astatine 11:17 AM CDT 45 min read

Image source: The Motley Fool.

Date

Thursday, May 7, 2026 astatine 8:30 a.m. ET

Call participants

• Chief Executive Officer — Gal Krubiner

• President — Sanjiv Das

• Chief Financial Officer — Evangelos Perros

• Chief Strategy Officer and Incoming CFO — Jonathan Dobres

Need a punctuation from a Motley Fool analyst? Email [email protected]

Full Conference Call Transcript

Craig Smyth: Thank you, and invited to Pagaya's First Quarter 2026 Earnings Conference Call. Joining maine contiguous to speech astir our concern and results are Gal Krubiner, Chief Executive Officer of Pagaya; Sanjiv Das, President; Evangelos Perros, Chief Financial Officer; and Jon Dobres, Chief Strategy Officer. You tin find the materials that travel our prepared remarks and a replay of today's webcast connected the Investor Relations conception of our website astatine investor.pagaya.com. Our remarks contiguous volition see forward-looking statements that are based connected our existent expectations and forecasts with respect to, among different things, our operations and fiscal performance, including our fiscal outlook for the 2nd 4th and afloat twelvemonth 2026.

Our existent results whitethorn disagree materially from those contemplated by these forward-looking statements. Factors that could origin these results to disagree materially from our expectations include, but are not constricted to, those risks described successful today's property merchandise and our filings with the U.S. Securities and Exchange Commission. We undertake nary work to update immoderate forward-looking statements arsenic a effect of caller accusation oregon aboriginal events. Please notation to the documents we record from clip to clip with the SEC, including our 10-K, 10-Q and different reports for a much elaborate treatment of these factors.

Additionally, non-GAAP fiscal measures, including adjusted EBITDA, adjusted EBITDA margin, adjusted nett income, interest gross little accumulation costs, oregon FRLPC, FRLPC arsenic a percent of web volume, halfway operating expenses and halfway operating expenses arsenic a percent of FRLPC volition beryllium discussed connected the call. We besides supply an outlook for the 2nd 4th and the afloat twelvemonth 2026 connected a non-GAAP basis. Reconciliations to the astir straight comparable GAAP fiscal measures are disposable to the grade disposable without unreasonable effort successful our net merchandise and different materials, which are posted connected our Investor Relations website.

We promote you to reappraisal the shareholder letter, which was furnished with the SEC connected Form 8-K contiguous for elaborate commentary connected our concern and show successful conjunction with the institution net supplement and property release. With that, fto maine crook the telephone implicit to Gal.