Pagaya Technologies' Revenue Jumps 28%

Pagaya Technologies (NASDAQ:PGY), a leader in AI-powered financial technology solutions, released its fourth-quarter results on Feb. 13. The company reported non-GAAP EPS of $0.17, far exceeding the consensus estimate for a loss of $0.52 per share. Total revenue for the quarter was $279 million, surpassing projections and reflecting strong year-over-year growth. The results paint a robust picture for the period, with Pagaya Technologies demonstrating its capacity to leverage its technology to gain market share.

Source: Analysts' estimates for the quarter provided by FactSet.

Founded with a mission to revolutionize financial services, Pagaya Technologies harnesses artificial intelligence (AI) to refine credit evaluation processes. The company's platform has facilitated over $1.8 trillion in loan applications. It excels in real-time risk assessment and credit decision-making, offering a significant competitive advantage. The company's recent focus has been on enhancing its data network and expanding its market presence into auto loans and point-of-sale credit products.

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Source Fool.com