Pagaya's shares edged up modestly by 2.4% following Q1 2026 results, reflecting steady execution but no clear catalyst to drive a stronger market response.

• Reported GAAP net income of $25 million, marking five consecutive quarters of profitability.
• Maintained a cautious credit posture in the quarter, consistent with Q4 2025, avoiding risk extension despite some seasonal tailwinds.
• Raised $2.1 billion in funding, onboarding five new investors, and expanded presence in public ABS markets with Fitch joining as a major rating agency.
• Auto loan segment achieved record volume, becoming a key growth driver supported by product enhancements and pricing efficiency.
• Continued expansion of partner network with four new onboards and progress in regional bank relationships.