Pagaya Technologies (NasdaqCM:PGY) Posts US$238M Net Loss Leading To 7% Decline Over Last Quarter

By Yahoo! Finance   |   1 week ago
Pagaya Technologies (NasdaqCM:PGY) Posts US$238M Net Loss Leading To 7% Decline Over Last Quarter

Pagaya Technologies reported a $238 million quarterly loss despite a $279 million revenue increase, leading to a 7% share price decline. The company aims for profitability soon, amid market turmoil and challenges in the tech sector, impacting investor confidence.

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