Pagaya Technologies (PGY) Soars 25.37% as Preliminary Q2 Results Suggest Exceeding Income Guidance

We recently published Wall Street Shockers: 10 Stocks on Sky High. Pagaya Technologies Ltd. (NASDAQ:PGY) is one of the top-performing companies on Thursday.

Pagaya Technologies jumped by 25.37 percent on Thursday to end at $29.50 apiece following the preliminary results of its second quarter earnings performance that saw the company exceed its net income guidance.

In a statement, Pagaya Technologies Ltd. (NASDAQ:PGY) said that it was expecting to announce $17 million in net income during the second quarter of the year, or 70 percent higher than the high-end range of its $0-$10 million guidance previously.

Revenues were also expected to hit $326 million, or 5-12 percent higher than the $290 million to $310 million guidance prior.

Pagaya Technologies Ltd. (NASDAQ:PGY) said it is finalizing the results of its earnings performance, with official data set to be released on August 7, 2025.

“Our second-quarter results reflect continued strong execution across our network, with a focus on consistent and profitable growth,” said Pagaya Technologies Ltd. (NASDAQ:PGY) CFO Evangelos Perros.

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Disclosure: None. This article is originally published at Insider Monkey.