May 7, 2026 ▷ PGY Q1 Letter to Shareholders E Our results this quarter demonstrate our resilient business model. Once again, Pagaya shows that profitability and disciplined risk management are not in tension - they are part of the same strategy. As we expand our partner network and deepen product adoption, we are building a durable, through-the-cycle business that will bridge Wall Street and Main Street for the long run. Gal Krubiner | Co-founder and CEO Q1 Financial Highlights $2.6B Network volume of $2.6 ...