Pagaya unexpectedly released some of the preliminary Q2 results today, that were well above estimates.
The revenue represents 30.4% YoY growth (up from 18%) and 12.4% QoQ. GAAP Net Income doubled QoQ (from 8M to 17M).
They were up 25% on the day and now 210% YTD.
I’m interested in seeing their guidance on 8/7 to see if this is a one time bump or if they are projecting an acceleration. There should be plenty of room to run if guidance is strong.
They are my top position now by a ways, at almost 18%.