Pagaya Technologies (NASDAQ:PGY) expects to reach a $200 million GAAP net income run rate by the end of 2026. This target represents a significant increase from the $45 million reported in the second quarter. CFO Jonathan Dobres announced the forecast at the 46th Annual Canaccord Growth Conference. The company has achieved six consecutive quarters of growing profitability.
The growth strategy focuses on expanding the AI-driven lending network through new partners and products. Pagaya added five new lending partners in 2026. The company expects to add three more partners by the end of the year. Auto lending grew 140% year-over-year. Management is prioritizing network expansion over widening credit criteria.