Pagaya Technologies Surges to 388th in Daily Rankings with $271 Million Trading Volume

On July 17, 2025, Pagaya Technologies (PGY) saw a significant surge in trading volume, reaching $271 million, a 512.84% increase from the previous day. This surge placed Pagaya at the 388th position in the daily stock market rankings. The stock price of Pagaya Technologies rose by 25.37%, marking the second consecutive day of gains, with a total increase of 25.59% over the past two days.

Pagaya Technologies has announced its preliminary second-quarter results, projecting a network volume of approximately $2.6 billion. This figure exceeds the previously guided range of $2.3 to $2.5 billion, indicating strong performance and robust growth in the company's operations.

Financial analysts have praised Pagaya Technologies' preliminary Q2 2025 results, noting that key metrics have surpassed expectations. The company's revenue for the quarter is reported to be $326 million, reflecting a year-over-year increase of 30.4%. This significant acceleration in revenue growth has been a key driver of the stock's recent performance.

Pagaya Technologies is expected to report a GAAP net income of approximately $17 million for the second quarter, which is significantly higher than the previously guided range of $0 to $10 million. Additionally, the company's adjusted EBITDA is projected to be robust, further underscoring its strong financial health.

Pagaya Technologies' recent surge in stock price can be attributed to a combination of factors, including the strong preliminary Q2 results and a $2.5 billion forward flow agreement with Castlelake. These developments have bolstered investor confidence in the company's growth prospects and financial performance.