Pagaya Technologies (PGY) risk factors

Item 1A of every Pagaya Technologies Ltd. 10-K on file, and what changed from one year to the next. Readings are automated and can be wrong; check the filing for the exact wording.

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FY2025 10-K risk factors
79 risks9 new16 dropped21 reworded
Pagaya faces expanding regulatory scrutiny on AI models and data privacy. Third-party vendor dependencies and partner concentration risks threaten revenue continuity. Capital access and macroeconomic interest rate shifts impact loan origination volume.
Filed Mar 02, 2026
FY2024 10-K risk factors
86 risks
Pagaya Technologies faces heavy concentration risk from a small number of lending partners and reliance on the securitization market. The company incurred a U.S. GAAP net loss of $401.4 million in 2024. Operations span unsecured personal loans, auto loans, and single-family rental real estate markets.
Filed Mar 12, 2025