Pagaya Technologies Ltd. (PGY) posted a second quarter net loss to Pagaya of $74.8 million or $1.04 per share compared to a loss of $31.3 million or $0.53 per share, prior year. The company said its net loss to shareholders was impacted by non-cash items such as fair value adjustments and share-based compensation. Adjusted net income per share increased to $0.10 from $0.01.
Second quarter revenue from fees increased to $242.59 million from $185.69 million, prior year. Network volume was $2.3 billion, grew by 19% year-over-year.
For full year 2024, the company expects total revenue and other income to be between $975 million and $1.05 billion. The company expects third quarter total revenue and other income to be between $250 million and $260 million.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.