Pagaya (PGY) Q2 FY26 earnings call

Pagaya delivered a record quarter, showcasing its unique profit engine through accelerating growth in network volume, particularly in auto and personal loans. The company's B2B embedded platform and data moat are driving repeatable product and partner expansion, while disciplined cost management is leading to significant operational leverage and compounding EPS. Management remains confident in its ability to sustain profitable growth by deepening existing partnerships and onboarding new ones.